WINDHOEK: PRIME Minister, Nahas Angula has slammed the GIPF board of trustees for forming an offshoot company within the country’s largest pension public fund without the Government’s knowledge. Angula who is also chairperson of the State Owned Enterprise Governance Council (SOEGC ) described the formation of the controversial Kuleni Fund Administrators PTY Ltd as a non-event saying that the GIPF board of trustees does not have the mandate to form a company

A Ministry of Works and Transport employee suspected of allegedly leaking information about the new N$10 million Presidential motorcade exposed in Informanté has been suspended.

PRESIDENT Hifikepunye Pohamba has ordered two state-of-the-art S600L Mercedes Benz costing taxpayers about N$10 million – equivalent to the annual salaries for 20 specialist doctors or Anti-retroviral drugs for 26,000 people per month, Informanté has unearthed.

STANDARD BANK Namibia has lost more than N$1.2million in fake traveller’s cheque payouts unwittingly made to a cartel of Nigerian and Namibian fraudsters by the bank’s foreign exchange departments in Windhoek, Informanté has established. Documents in Informanté’s possession show that between 9 July 2008 and 18 August 2008, Standard Bank Namibia lost N$1,167,115 after the foreign exchange departments at its Ausspanplatz, Gustav Voigts, Walvis Bay and Windhoek branches cashed thousands of counterfeit traveller’s cheques brought in by the fraudsters.

Children of the fallen heroes of Namibia’s struggle for independence spent two months camping outside the Ministry of Veterans Affairs building in the capital Windhoek.
They have demanded jobs and education as compensation for the role played by their fathers and mothers during the protracted armed struggle against the South African apartheid government.
The Swapo-led Namibian government, [...]