MUSESE – In the spirit of advancing education through technology, local companies, the Namib Desert Diamonds (Namdia) Foundation and African Meat Suppliers recently donated IT equipment and chairs to schools in the Kavango West region. Namdia donated 25 desktop computers, four laptops, five printers and a projector to Olavi Sivhute Kangumbe Combined School in the...
Hilma Weber is a Namibian author, who was born and raised in the northern part of Namibia. In the past two years, she has written four books as part of the Early Childhood Development Programme, ‘Play for All’, at Development Workshop Namibia. She writes to ensure that her books reach children in underprivileged backgrounds, who...
Shona Ngava Now in grade 10 at age 24, Paulus Paulus never gave in to societal pressure of giving up on his education when he started school at 15 years. Currently enrolled at Oshikoto Senior Secondary School, the determined learner said life tends to be hard at times, but his determination to pursue education is...
Nedbank Group delivered a strong financial performance for the six months to 30 June 2024, amid a challenging operating environment, as Headline Earnings (HE) increased by 8% year to year to N$7.9 billion. Return on equity (ROE) increased to 15% from 14.2% in the first half of 2023. The increase in HE was underpinned by...
WASHINGTON – The ongoing global stock sell-off has fuelled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision. The futures markets, which as recently as last week expected a single quarter-percentage-point cut at the...
National Housing Enterprise CEO Gisbertus Mukulu said the enterprise is grappling with many challenges when it comes to providing housing in Namibia. Scarcity of land, high land prices, rising building material costs and restricted funding were among the issues, he stated. Mukulu made these remarks yesterday while providing an update at the Government Information Centre. ...
A lawyer representing a man who allegedly operated a Ponzi scheme and accused of defrauding 79 persons to the tune of N$4.3 million, claimed on Monday that the State obtained records illegally. Lawyer Appolus Shimakeleni, who represented Sakaria Megameno Namwandi during negotiations with the Bank of Namibia, told Windhoek High Court Judge Naomi Shivute that...
The National Petroleum Corporation of Namibia (Namcor)’s downstream operations are facing a working capital deficit of about N$1.6 billion. Downstream is the part of the oil and natural gas industry responsible for the refining, distributing and retailing of petroleum products. Working capital is the difference between a company’s assets and liabilities. It measures a company’s liquidity and short-term...
A claim of N$5 million against New Era Publications Corporation and its managing editor, Johnathan Beukes, was dismissed in the High Court by Acting Judge Kobus Miller last week. Joseph Nakalemo instituted the claim against the publication for what he perceived as biased reporting on its side. He claimed that the publication and Beukes were...
Iuze Mukube Contractual ward cleaners of the City of Windhoek are imploring management to follow the Labour Commissioner’s directive that all 556 of them must be recruited permanently. They also say they will not sign any further contracts, particularly the recent five-year contract that the City has put forth. During a gathering on Monday at...