Martin Endjala Namibia Revenue Agency (NamRA) Commissioner Sam Shivute, said that the late President Hage Geingob has left the state account in a positive position with billions of dollars, compared to how he found it. Shivute who this week paid tribute to the statesman, said there was a time in the past when the State...
December 14, 2024
Tag: account
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Axi Select hailed as the future of prop trading as multiple demo account firms close doors due to pressures from regulators, brokers, and tech providers
Axi Select Axi Select hailed as the future of prop trading as multiple demo account firms close doors due to pressures from regulators, brokers, and tech providers SYDNEY, Australia, Feb. 20, 2024 (GLOBE NEWSWIRE) — Bucking the trend of recent negative developments in the prop firm industry, leading global CFD and FX broker Axi, which...
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Namibia unveils Tourism Satellite Account Report 2022 – Windhoek Observer
Hertta-Maria Amutenja Namibia marked the launch of the much-anticipated Sixth edition of the Tourism Satellite Account Report 2022. The unveiling underscores a pivotal achievement in Namibia’s pursuit to comprehensively gauge the economic impact of tourism on the overall Namibian economy. Minister of Environment, Forestry, and Tourism, Pohamba Shifeta, hailed the occasion as a significant milestone,...
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Ohangwena Regional Council cannot account for missing N$200,000 – Windhoek Observer
Stefanus Nashama The Ohangwena Regional Council is embroiled in a financial mystery involving the disappearance of a N$200,000 donation from the Road Fund Administration (RFA). Despite the transaction’s documentation, the Council has yet to pinpoint the missing funds’ whereabouts. Fillip Shilongo, the Chief Regional Officer of the Ohangwena Regional Council, stated that the funds were...
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Leisure trips account for 90% of Namibia visits in 2023
The Hospitality Association of Namibia (HAN) says the country’s tourism industry experienced a surge in leisure travels last year, with 90% of total visits. The 90% is a significant uptick from the 84% recorded in 2019 and signifies a clear preference for immersive and experiential travel. HAN Chief Executive Officer, Gitta Paetzold, said while the...
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Betta Edu: Nigerian poverty minister suspended over money in personal bank account
Nigeria’s president has suspended a minister over the alleged diversion of more than 585 million naira ($640,000; £500,000) of public money into a personal bank account. Humanitarian Affairs and Poverty Alleviation Minister Betta Edu was suspended on Monday following public outrage over the scandal. A statement from President Bola Tinubu’s office said he had ordered...
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SACU receipts account for major source of revenue – NamRA
The Namibia Revenue Agency (NamRA) on Thursday said contributions from the Southern African Customs Union (SACU) were the major contributor to meeting 55.2% of its set revenue collection target for the year financial year 2023/ 2024. A statement released by NamRA’s chief of strategic communication and support engagement, Stephen Ndorokaze said the revenue collection agency...
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Sport betting firm blocks gambler’s account after winnings ‘error’
Classic Sports Betting, a Windhoek-based gambling company, has frozen the gambling account of one of the seven betting winners who questioned a technical error in their system which resulted in their winnings worth N$51 000 being declared null and void. The gambler in question, David Mbuika Ndalilashiwa (39), was one of the seven hopefuls who...
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MUN can’t account for N$18m spent between 2015 and 2021
The Mineworkers Union of Namibia (MUN) is under scrutiny after an audit revealed unaccounted expenditure of N$18 million between 2015 and 2021. Audited financial reports spanning 2015 to 2021 disclosed a series of challenges related to financial transactions, membership fees and expenses. The audit report, seen by The Namibian, also highlights recurring issues surrounding revenue...
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Agriculture ministry warns about fake Facebook account
The Ministry of Agriculture, Water, and Land Reform has issued a public warning over a fake ministry account on Facebook which asks members of the public to complete a form to obtain a grant. The scammers are impersonating the Ministry of Agriculture, Water and Land Reform, the ministry says. Ministry spokesperson Jona Musheko says the...