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.
National
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108 Swakop families get homes
At least 108 families, who were either renting or living in backyard shacks, became homeowners on Friday when Urban and Rural Development Minister Erastus Uutoni handed over the homes.
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Grapes to sprout 1 000 Etunda jobs
Over 1 000 people will be hired at the first grape farm at the Etunda Green Scheme later this year.
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NamRA misunderstands fishing sector – Amukwa
The local fishing industry has reacted furiously to the Namibia Revenue Agency’s suggestion that it can provide more to the public coffers.
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Pilchard moratorium could sink Etosha Fishing…480 workers face the chop
At least 480 employees of Etosha Fishing, one of the oldest fishing companies in Namibia, will be without jobs as of next month if the company goes ahead with the intended retrenchments and closure.
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154 cops arrested
In the last financial year, over 700 cases were opened against 154 police officers.
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Learner enrolment numbers increase steadily
The 15th school day report for 2023 produced by the Education Management Information System division shows that a total of 864 707 learners have enrolled in schools.
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Otuzemba primary opens at Opuwo
Over 600 learners have enrolled at the new Otuzemba Primary School in Opuwo.
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Defence cautions veterans against unknown groups
The Ministry of Defence and Veterans Affairs cautioned registered veterans not to give their information to groups purporting to register veterans of the national liberation struggle for unknown benefits.
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Namibians drain UK asylum systems – Moore
The British high commissioner, Charles Moore said the surge of Namibian asylum seekers in the United Kingdom is putting immense strain on that country’s asylum system, making it challenging for individuals from war-torn nations and those genuinely in need of protection to access it.