Ineffective implementation of compliance with international anti-money laundering (AML), combatting the financing of terrorism (CFT), and combatting proliferation financing (CPF) standards have led to Namibia being greylisted by the Financial Action Task Force (FATF).
City of Windhoek CEO Moses Matyayi has assured the City’s stakeholders, partners, and the residents that for now and in the foreseeable future, the capital city is “a going concern”.
IN the face of escalating public debt, it is imperative for Namibia to focus on specific industries that can drive repayment obligations. According to economic commentators, the country’s excessive public debt remains a major concern in the medium-term.
Preliminary indications reveal that Namibia passed the technical compliance test to avoid being greylisted and made progress in five out of the 11 immediate outcomes on the effectiveness test.
As finance minister Iipumbu Shiimi prepares to table the 2024/25 budget in the National Assembly next week, rampant youth unemployment is still expected to weigh heavily on the mind of the former central bank governor.
Trade and industrialisation minister, Lucia Ipumbu last week officiated at the closing of the European Union (EU) funded twinning project, titled ‘Providing support to the Namibia Standard Institution (NSI)’.
No firm decision has yet been taken at Cabinet level or by any other entity regarding a possible revival of the liquidated national airline, Air Namibia.
The International Monetary Fund (IMF) stands ready to back Namibia’s anti-money laundering efforts, and to combat illicit activities such as the financing of terrorism.
A strong negative perception to toll roads as a revenue option to maintain the national network seems to limit the options for authorities tasked with this mammoth responsibility.
Russian mining company Uranium One Group has withdrawn a case against the water ministry for not issuing exploration drilling permits to them.