Namibia Stock Exchange Snubs JSE Africa Board
WINDHOEK: THE Namibian Stock Exchange (NSX) has joined a bandwagon of African stock exchanges that turned down offers to join the Johannesburg Stock Exchange’s Africa Board.
U.S. Diamond Mining Couple Trades Charges of Stashed Cash, Gems in Namibia
On Jan. 25, 2007, Karen and Stone walked into the offices of Johnston-Namibia in Omaruru. Chris Johnston says the two intimidated workers and took financial records, computer files and photographs. Three months later, the two arrived in Bangkok and went to Designs in Vivid Color, a gem-cutting business. An employee there told Chris in a letter that Stone flashed a badge and threatened to call Thai police unless the employee cooperated. The couple left with more than 5,000 gemstones. Chris insists the two stole them.
Namibia pampers new ministers with expensive vehicles
WINDHOEK- Secretary to Cabinet has reportedly asked the State to cough up about N$30m [US$3 million] to pamper new ministers and their deputies with state-of-the-art luxurious E-Class Mercedes Benz because some are overweight to fit in their Volvos S40.
Namibia Moves To Tackle Human Trafficking
WINDHOEK: Namibia sits in the buffer zone between crisis prone central Africa and South Africa, a major destination for trafficked persons, thus serving as a source, transit point and destination for refugees and persons trafficked from various parts of the region. Most victims of trafficking end up in forced labour, or are exploited for commercial sex.
PENSION WOES: Namibia’s Prime Minister Slams Pension Trustees
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
Namibia suspends govt. officer over limousines
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.
Truman Student Receives Honor at American Model United Nations Convention
Truman political science major Tawanda Kanhema won the “Outstanding Delegate Award for Exceptional Representation” of the Republic of Namibia in the First Committee of the General Assembly at the 20th American Model United Nations International Conference, which took place in Chicago from Nov. 21-24.
Pohamba buys two mercs ahead of inauguration
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 loses millions in traveller’s cheques scam
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.
Namibia: After the war, Its pay day!
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 [...]
Namibia in negotiations for first geothermal 8MW plant
Geothermal energy gains steamBy Tawanda Kanhema Negotiations for the establishment of Namibia’s first 8MWe geothermal energy plant between Windhoek and Rehoboth are gaining steam.Namib Geopower (Pty) Ltd (NGP) and power utility NamPower are preparing to sign a Memorandum of Understanding and Power Purchasing Agreement that will facilitate the construction of the first plant.Fourth generation Geothermal [...]
Namibia ponders exploitation of geothermal energy, as power crisis bites
Nampower in negotiations for MOU with Africa Geopower Ltd By Tawanda Kanhema A Namibian energy company specializing in the exploitation of geothermal and solar energy, Africa Geopower, Ltd is set to start the construction of an 8MW geothermal power plant at Rehoboth as part of a geothermal energy rollout programme that is expected to ease [...]