RÖSSING Uranium and the Mineworkers Union of Namibia (MUN) have reached a three-year wage agreement for 639 union members in Grades 1 to 11 and L Band. The agreement was signed last Thursday and provides Grade 1 to 11 and L-Band employees with a 7% increase in 2024, 6% in 2025 and 6% in 2026....
Israel is reported to have readied a proposal for a two-month truce that aims to secure the release of captives held by Hamas and other groups but without ending the war in Gaza. US and Israeli press reported late on Monday that Israel is optimistic that it could conclude a deal with the help of...
The ||Kharas Regional Education Directorate has a management plan in place to deal with learner placement challenges when the new academic year kicks off on Monday. This was said by the Regional Education Director of the ||Kharas Region, Jesmine Magermann, in her update on the placement of learners. Magermann says no learners will be left...
British billionaire Jim Ratcliffe has agreed a deal to buy a 25 percent stake in Manchester United for about $1.3 billion, vowing to return the Premier League club to the “top of world football”. United also announced in a statement on Sunday that Ratcliffe’s INEOS company would take control of football operations after years of...
Affirmative Repositioning (AR) leader Job Amupanda is fuming over the government’s decision to sign a new partnership agreement between the European Union (EU) and the Organisation of African, Caribbean and Pacific States (OACPS), also known as the Samoa agreement. This is after the government pronounced itself against this move in November. The agreement, which Namibia...
Two top executives from the Roads Authority (RA) are being charged following accusations of inflating a vehicle-purchasing tender worth N$16 million. The two executives are the RA’s transportation executive officer, Sidney Boois and divisional manager Richard Milinga. RA chief executive Conrad Lutombi has confirmed an internal investigation into both. Boois and Milinga are expected to...
Uahekua Herunga, the deputy secretary general of Swapo, says the party will decisively deal with those accused of corruption come 2024. Swapo will be contesting in the forthcoming elections while still struggling to deal with the dent of corruption caused by former ministers Sacky Shanghala and Bernhard Esau. Shanghala and Esau have been charged in...
Dundee Precious Metals to acquire Osino Resources in N$4 billion deal Dundee Precious Metals Inc. (DPM) has announced its entry into a definitive agreement to acquire Osino Resources Corp., a gold exploration company developing the Twin Hills project in Namibia. Under the agreement, Dundee’s consideration comprises C$0.775 in cash per Osino share and 0.0801 of...
The Ministry of Finance and Public Enterprises of the Republic of Namibia and KfW Development Bank, signed an agreement for a concessional loan of N$1,026,650,000 (approx. EUR 50 mio.) for the financing of the rehabilitation and extension of the Gammams and Otjomuise Wastewater Treatment Plants. The objective of the project is to upgrade the existing...