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December 14, 2024
Tag: Assets
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Mariental Town Council denies transferring assets to proposed power company
The Mariental Town Council says it has not taken resolution to transfer its assets to a proposed power management and distribution company for the southern regions of Hardap and ||Kharas, nor has it resolved to join the said company. The Mariental Town Council was responding to the petition of the Mariental Residents Association, which alleged...
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Legislation to reduce the risks associated with investing in virtual assets enacted
Namibia has enacted the country’s first legislation to license and regulate Virtual Asset Service Providers (VASPs) and Initial Token-Offering Service Providers (ITOSPs), the central bank announced this week. Namibia became the 3rd Sub- Saharan African country to take bold legislative steps to regulate this sector and fully protect the public against potential risks the Bank...
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Namibia enacts first visual assets Act – Windhoek Observer
Stefanus Nashama BANK of Namibia (BoN) says the country has approved laws for the first time to license and regulate virtual asset service providers and initial token offering service providers. This was revealed by BoN Director of Strategic Communications and International Relations, Kazembire Zemburuka yesterday. BoN will administer the Virtual Assets Act, 2023 (Act No....
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Auction of 34 recovered assets yields 1.7 billion kwanzas
The auction of 34 vehicles seized as part of the state property recovery process, held Sunday, raised 1.7 billion kwanzas, twice the expected value (771, 6 million Kz). Some 1,980 people participated in the sale, which was carried out on the Internet via the platform of the General Tax Administration (AGT), said the director of...
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Getting to Grips With the Virtual Assets Bill
In my analysis as a crypto and blockchain analyst, the recently tabled virtual assets bill by the Namibian government represents a significant milestone in the introduction and regulation of virtual assets and virtual asset service providers (VASPs). The bill demonstrates a commendable effort to align with international best practices and establish a regulatory framework that...
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Ninety-One assets under management slide
Ninety-One’s annual dividend fell 10% to 13,2 pence per share in the year up to 31 March 2023, following significant market and other headwinds that saw about N$138 billion net annual outflows of assets under management (AUM). Coming off a record 2022 and many years of growth in AUM, the London and JSE-listed asset manager...
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Criminal Assets Recovery Fund fails to account for over N$1 million
By Erasmus Shalihaxwe THE management of the Criminal Assets Recovery Fund, which falls under the Ministry of Justice, has failed to explain why a total of N$1 122 000 generated from the auctioned forfeited assets was not deposited into the Funds account as per the Treasury Approval Act. This was revealed by the Auditor General’s...