Excessive amounts of money at the Guardian Fund, a national investment vehicle comprising unclaimed inheritance, is being invested at an inadequate rate of return of as low as 5.5% by some fund managers.
Author: Edward Mumbuu (Edward Mumbuu )
UK slams door on Namibia
Nearly a year after a botched Birmingham trip by around 200 Namibians, the British government yesterday decided to revoke its visa-free entry for Namibia, citing the gesture’s abuse.
N$50m needed to resuscitate Zambezi Waterfront
After spending N$189 million on its construction, a further N$51 million is needed to revive the Zambezi Waterfront Tourism Park, which has not been operational for nearly seven years.
Meatco dumps British agent … employees to stage peaceful protest today
The Meat Corporation of Namibia allegedly terminated its contract with British marketing firm, GPS Food Group UK Ltd, citing financial constraints but without providing evidence to backbone this claim.
Kandjii-Murangi dragged over Nust S&T..university confirms payment
Higher education minister Itah Kandjii-Murangi’s past few weeks in office have been a stern examination of her wits. The latest accusation against the minister is that she received subsistence and travel allowances (S&T) for a fully-paid trip from the embattled Namibia University of Science and Technology.
Boot banks from Govt housing – Hamata
Legislator Hidipo Hamata wants commerc ial banks removed from the government’s housing scheme, which subsidises houses by up to two-thirds of a set maximum purchase price.
Katjimune grills Kandjii- Murangi on Nust
Popular Democratic Movement l awma ker Ma x i m a l l i ant Katjimune says higher education minister Itah Kandjii-Murangi must investigate governance issues at the Namibia University of Science and Technology.
Nakusera breaks silence says council achieved a lot / she became a target
Outgoing Namibia University of Science and Technology council chairperson Florette Nakusera has registered her disappointment in her council colleagues, whom she accused of leaking confidential information to the media.
Nust’s night of long knives… council gangs up against Nakusera
The Namibia University of Science and Technology’s outgoing council is divided. It is chairperson Florette Nakusera against the rest.
Meatco’s beef with the north… as NCAs get N$32m out of N$600m … debt nears N$1b
Despite government spending N$600 million to support the Meat Corporation of Namibia (Meatco) and abattoirs in the north over the past three years, only N$32 million has in fact ended up in the pockets north of the redline.