By Helena MbotiEconomist, FNB Namibia. Namibia’s oil discoveries have been a source of optimism for the future trajectory of the economy. Yet with great excitement comes caution, as other countries’ experience internationally, provides stark lessons on the double-edged sword of oil riches. Namibia stands at a crossroads, with a choice between leveraging the potential windfalls...
November 7, 2024
Tag: bust
Post
Black Gold: Boon, Boom or Bust?
Namibia’s oil discoveries have been a source of optimism for the future trajectory of the economy. Yet with great excitement comes caution, as other countries’ experiences internationally, provide stark lessons on the double-edged sword of oil riches. Namibia stands at a crossroads – with a choice between leveraging the potential windfalls sustainably or succumbing to...
Post
Suspects apprehended in arms, drug bust
Two men were arrested after allegedly being caught in possession of 120 parcels of cannabis and three weapons at Camp 5 at Outjo on Saturday. The suspects are one Namibian (31) and one Zambian national (39). The two were apprehended at home following a police tip-off. The police are still in the process of determining...
Post
Zambezi police make another elephant tusk bust
ZAMBEZI regional police arrested two Zambian nationals for possession of 15 elephant tusks in the Kapani area of the Linyanti constituency on Sunday. The two Zambian nationals, aged 29 and 32, were part of a group of seven, however, five escaped with hunting rifles. Regional police spokesperson inspector Kisco Sitali confirmed the arrest to The...
Post
88 Youth accomplices in high profile crime bust not yet charged
As investigations continue following the bust of a massive criminal syndicate in Windhoek, it has come to light that the 88 Namibian youths apprehended during the operation have not yet been charged. Instead, they are being held in a secure and undisclosed location while further investigations are conducted and a decision from the Prosecutor General...
