CHAMWE KAIRA Non-banking financial institutions regulated by the Namibia Financial Institutions Supervisory Authority (Namfisa) disbursed N$14.6 million to consumers in 2023 following successful appeals on various complaints lodged with Namfisa. This revelation emerged during a recent consumer education awareness meeting convened in the //Karas Region. Namfisa disclosed that grievances primarily stemmed from consumers signing blank...
December 26, 2024
Tag: bad
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Namibia: The Good, the Bad and the Ugly of 2023
As we bid farewell to 2023, New Era Sport invites you, our valued reader, on a nostalgic journey, revisiting the highs, lows and challenges within the local sports community. Following our customary approach, particularly when positivity triumphs over adversity, let’s commence our year-end retrospective by spotlighting the numerous accomplishments and significant moments which captivated both...
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Rand manipulation bad for Namibia – BoN
Namibia’s economy would likely feel the impact of the rand manipulation through changes in trade dynamics, exchange rates, inflation and the need for policy adjustments to address economic challenges. The Bank of Namibia (BoN) says the manipulation of the rand by 28 South African banks between 2007 and 2013 impacts Namibia indirectly through the Namibia...
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We Need a Reset: Pre-Trial Detention is Going from Bad to Worse
Pre-trial detention (aka remand prison) is when someone is detained by the state while awaiting trial to determine whether they are innocent or guilty of a crime. The challenges of Namibia’s pre-trial detention system are manifold, and mostly rooted in a lack of resources. For example, understaffing translates into delays everywhere because of overflowing dockets...
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Niger: Ecowas military intervention could trigger 3 bad outcomes
Olayinka Ajala, Leeds Beckett University The threat of military force to end the coup in Niger has led to significant divisions in the region. It has heightened tensions in Niger itself, as well as among its neighbours. There are more and more signs that any military intervention is likely to be met with stiff opposition....
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Good Governance Is a Bad Idea
Once upon a time, not so long ago, commentators and experts portrayed “good governance” as the sole ingredient needed for economic growth and development. For many years, it was a staple of mainstream policy advice and institutional reforms. In a 1992 report, ‘Governance and Development’, the World Bank defined the term as consisting of four...
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Giving AI direct control over anything is a bad idea
The release of the advanced chatbot ChatGPT in 2022 got everyone talking about artificial intelligence (AI). Its sophisticated capabilities amplified concerns about AI becoming so advanced that soon we would not be able to control it. This even led some experts and industry leaders to warn that the technology could lead to human extinction. Other...
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Vrou se liggaam in vol bad water gevind – Kosmos 94.1
Vrou se liggaam in vol bad water gevind Geen vuilspel word deur die polisie vermoed nadat die lewelose liggaam van ‘n 68-jarige Namibiese vrou in ‘n bad vol water in hul huis in Hochlandpark in Windhoek gevind is nie. Na bewering is haar man werk toe en toe hy teen etenstyd by die huis kom,...