The Namibian Broadcasting Corporation has managed to reduce the pay-as-you-earn debt it owed the taxman to N$178 million, down from N$250 million. The N$250 million was part of the broadcaster’s historical debt, accumulated since 1996. Director-General Stanley Similo revealed this during the ‘Editor-in-Chief Reviews 2023’ interview, where he laid bare the finances of the nbc and...
Dundee Precious Metals is set to contribute about N$9 billion in taxes and royalties over the mine’s 13 licence acquisitions. The management of Dundee made the announcement during a courtesy visit to President Hage Geingob at the State House. Dundee Precious Metals made the announcement after acquiring Osino Resources Corporation, owners of the Twin Hills...
Cabinet has Rejected NAMCOR’s bailout proposal. They say there have been informal and formal engagement with shareholder ministries such as the Ministry of Finance and Public Enterprises and the Ministry of Mines and Energy on the company’s financial health, no formal submission has been presented to the Cabinet. As such statements suggesting that the Cabinet...
The Industrial Development Corporation of South Africa has highlighted the importance of collaboration to unlock the full potential of green hydrogen. Speaking at the Green Hydrogen Summit in Cape Town, IDC chief operating officer, Joanne Bate, emphasised the significant role green hydrogen and large-scale renewable energy production can play in diversifying South Africa’s energy mix....
The National Petroleum Corporation of Namibia’s Board Chairperson Jennifer Comalie has been granted relief as the drug case against her was removed from the Court Roll. Magistrate Jozane Klazen rejected the state’s request for yet another postponement. We asked Local Legal expert Advocate Winnie Christiaans, for his comment on the matter. The post National...
Staff of the Namibian Broadcasting Corporation (nbc) visited the Neudamm UNAM campus outside Windhoek with the aim of fostering renewed collaborations between the two institutions. This collaboration encompasses various areas such as research, academics, internships, and more. During the visit, the campus showcased various activities that are conducted there, including physical examinations on animals, temperature...
Staff Reporter HYPHEN Hydrogen Energy (Hyphen) recently signed a Memorandum of Understanding (MoU) with ITOCHU Corporation, one of Japan’s leading trading and investment enterprises, with the aim of advancing Hyphen’s Green Hydrogen initiative. Hyphen revealed that the two entities will now commence discussions on potential areas of collaboration for Hyphen’s groundbreaking multi-billion-dollar Green Hydrogen undertaking....
The increasing cattle numbers coming through the Windhoek Abattoir could indicate an abrupt turnaround in the Meat Corporation of Namibia (Meatco) operations, the entity noted this week. Meatco anticipates that continuing this trend will lead to a consolidated recovery year for the financial year running from January 2023 to February 2024. In May and June,...
Financial experts yesterday strongly voiced opposition to the proposed amendments to the Close Corporations Act and Companies Act, which aim to abolish the registration of close corporations (CCs). This was said at the Namibia Corporate Law Reform summit held in Windhoek recently, where the technocrats argued that instead of completely eliminating CCs, the focus should...