The Capricorn Group, through joint donations from the Capricorn Foundation and Bank Windhoek, last week donated a total of N$500 000 to the environment, forestry and tourism ministry towards Namibia’s participation and pavilion at the COP29. The conference will be held from 11-22 November 2024 in Baku, Azerbaijan, to build on previous successes and pave...
The Food and Agriculture Organisation of the United Nations (FAO) in partnership with the Ministry of Fisheries and Marine Resources (MFMR) held a one-day workshop on 15 October 2024 to validate the results of a Training Needs Assessment (TNA) and market assessment for Namibia’s small-scale fisheries (SSF) sector. The workshop brought together key stakeholders, including...
Rudolf Gaiseb The Namibia Revenue Agency (NamRA) has recovered N$104.6 million from fraudulent tax refunds. “In March 2022, NamRA announced an investigation into fraudulent tax refunds that had been paid to certain taxpayers. To date, 1 496 individual provisional taxpayers and 18 companies, as well as close corporations, have been identified as recipients of these...
The Walvis Bay Corridor Group (WBCG) is observing the facilitation and transportation of a 50-metre oxygen plant container, currently being moved by a 63-metre-long truck enroute to Solwezi, the provincial capital of the mineral-rich north-western province of Zambia. This giant abnormal special project cargo, which originated from Malaysia via the Port of Walvis Bay, is...
The Electricity Control Board (ECB) has announced the 9th edition of the Namibia Electricity Supply Industry (ESI) Forum, set for 24 October 2024 at Otjiwarongo in the Otjozondjupa region. This year’s forum, which follows a successful event held in Oshakati in 2022, is poised to gather key stakeholders from across the electricity sector. The event...
On 1 January 2025 the national minimum wage (NMW) for all Namibians, except domestic and agricultural workers, will be N$18 per hour, meaning wages of workers currently earning less than N$18 must be adjusted to at least that amount. Meanwhile, the minimum wages for domestic and agriculture workers will be increased gradually over a three-year...
In the face of a serious illness, the immediate focus often centres on medical treatment and recovery. However, the financial challenges that accompany a health crisis can be just as daunting. While medical aids provide essential support for diagnosis and treatment, they often leave gaps that can lead to significant financial strain. This is where...
SEOUL – Eleven countries, including South Korea, the United States and Japan, will launch a new joint mechanism to monitor North Korea sanctions’ violations, Seoul’s foreign ministry said yesterday. The decision follows Russia’s decision to veto the renewal of a panel of United Nations’ (UN) experts monitoring international sanctions on North Korea in March, effectively...
The Namibia Airports Company (NAC)’s recently-concluded annual general meeting marked a significant achievement for the company in that it is now up-to-date and fully-compliant with the submission of its audited annual financial statements (AFS). The recent AGM, held at the end of September, was chaired by NAC board chairperson Leake Hangala, who announced the company...
The central bank’s Monetary Policy Committee (MPC) yesterday provided more relief to Namibian consumers when it reduced the repo rate for the second consecutive quarter, this time by 25 basis points from 7.50% to 7.25%. This decision is expected to provide much-needed relief to domestic consumers who have been languishing in a high-interestrate environment for...