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December 13, 2024
Tag: aid
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Businessmen aid Police to construct a station at Onawa
Oshakati’s informal settlement of Onawa has benefited from a donation of N$3,2 million from two businesses. The funds will be used to construct a police station, which will greatly enhance the safety and security of the residents. The two businesses, Multilever, which donated N$3 million, and Sash Trading, which donated N$200 000, say they recognised...
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NAMAF sounds alarm bells over state medical aid in Namibia
The Namibian Association of Medical Aid Funds has sounded alarm bells over the state of medical aid in Namibia. Its CEO, Stephen Tjiuoro, aired these views on nbc’s One on One Programme. Tjiuoro described the state of medical aid in the country as worrisome. Currently, Namibia has seven different medical aid schemes. He, however, refuted...
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Acquisition of 350 tractors will aid more communal farmers – Windhoek Observer
Niël Terblanché To support communal farmers and enhance food production in Namibia, the Ministry of Agriculture, Water, and Land Reform has acquired a total of 350 brand-new tractors with varying agricultural applications. These tractors will be distributed across the country to benefit communal farmers during the upcoming ploughing season. The transaction is a substantial investment...
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Medical aid funds in tight spot between regulator and service providers
The Namibia Financial Services Supervisory Authority (NAMFISA) is tasking medical aid funds to come up with solutions to arrest the dramatic rise in membership costs following Covid-19. Namfisa Chief Executive, Kenny Matomola commented “Amidst the backdrop of rising healthcare costs, we invite medical aid funds to explore innovative solutions for alleviating financial burdens on individuals...
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NAMFISA caps medical aid contribution increases to tackle affordability crisis
The Namibia Financial Services Supervisory Authority (NAMFISA) has implemented a temporary cap on some medical funds’ annual contribution increases, limiting it to a single-digit percentage, with a maximum increase of 9.99%. The non-banking sector regulator said move is in response to the escalating challenges posed by rising medical aid contribution rates. NAMFISA CEO Kenneth Matomola...
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NAMAF concerned over medical aid funds spending more on claims
The Namibian Association of Medical Aid Funds has expressed concern over medical aid funds spending more money on claims in comparison to the contributions collected over the last six months. Its Chief Executive Officer says this is despite the argument that the value of the assets that the medical aid funds hold in reserve was...
