Martin Endjala The Business Intellectual Property Authority (Bipa) has recently issued directives regarding administrative sanctions against non-compliant companies and closed corporations with a financial year end in February 2024, pertaining to Beneficial Ownership (BO) lodgment. According to Bipa spokesperson Ockert Jansen, entities failing to comply with BO lodgment requirements face an initial administrative penalty of...
November 7, 2024
Tag: fine
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‘My memory is fine’ – Biden hits back at special counsel
US President Joe Biden has hit back angrily at an investigation that found he mishandled top secret files and struggled to recall key life events. “My memory is fine,” he insisted in a surprise news briefing. He gave an emotional response to a claim that he could not recollect when his son died, saying: “How...
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Lieze Meyer’s “Art in Motion” exhibition at Swakop Fine Art Gallery
By Adolf Kaure. Coastal artist, Lieze Meyer’s latest solo exhibition titled Art in Motion is currently on display at the Swakopmund Fine Art Gallery. The exhibition comprises Meyer’s latest artistry in oil and watercolour on canvas, transporting the viewer to fleeting, precious instances that often slip by unnoticed. Each work in “Art in Motion” is...
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“Desert Songs” exhibition open at Swakopmund’s Fine Art Gallery
By Adolf Kaure. The works of Namibian artist Johanneke Strydom is now on display at Swakopmund’s Fine Art Gallery as part of the “Desert Songs” exhibition. Gallery owner, Martina von Wenzel, said “Desert Songs” is not just an exhibition but a special melody of the desert. “In this collection, Namibia comes to life in the...
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Convicted SWAPO Youth League leader receives fine, dodges 12-month jail sentence
Staff Reporter SYLAS Tangi Mungoba, a member of Swapo’s youth league leadership recently convicted of bribery linked to an Affirmative Repositioning movement demonstration, has been sentenced to pay an effective fine of N$5,000.00. The 36-year-old was arrested in July 2021 in connection with bribery aimed at orchestrating a demonstration by the Affirmative Repositioning movement to...
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N$10 million fine or 10-year imprisonment for knowingly providing false ownership details for CCs
Business Reporter IN line with efforts to avoid Namibia being greylisted by the Financial Action Task Force (FATF), Parliament this week issued new changes to the Close Corporations (CC) Amendment Act Bill, which will impose a fine not exceeding N$10 million and/or 10 years’ imprisonment for individuals/companies knowingly withholding information about the beneficial owners of...