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 14, 2024
Tag: firms
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Axi Select hailed as the future of prop trading as multiple demo account firms close doors due to pressures from regulators, brokers, and tech providers
Axi Select Axi Select hailed as the future of prop trading as multiple demo account firms close doors due to pressures from regulators, brokers, and tech providers SYDNEY, Australia, Feb. 20, 2024 (GLOBE NEWSWIRE) — Bucking the trend of recent negative developments in the prop firm industry, leading global CFD and FX broker Axi, which...
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Don’t give N$255m classroom tender to Chinese firms – union tells August 26
The Metal and Allied Namibian Workers Union (Manwu) general secretary, Justina Jonas, supports the awarding of the N$255-million tender to the state-owned construction company August 26, but warns it should not pass the tender on to Chinese companies. The Ministry of Education, Arts and Culture has hand-picked August 26 to build 510 school classrooms and...
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Construction sector wants Geingob to cancel tenders excluding local firms
The Construction Industries Federation (CIF) and the Metal and Allied Namibian Workers Union (Manwu) have appealed to president Hage Geingob to cancel all projects that exclude local contractors and have them re-advertised. The CIF and Manwu say the projects exclude majority-Namibian-owned contractors, mainly due to steep financial prequalification or qualification requirements and were, therefore, not...
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Lawyer seeks FG, NASS’ intervention in FCT revenue generating firm’s crisis
The Legal Consultant of Abuja Markets Management Limited (AMML), Mr Kunle Kolawole, has called on President Bola Tinubu and the National Assembly to intervene in the ongoing crisis rocking the company. Kolawole, who made the call on Friday at a news briefing in Abuja, said the management crisis had impacted negatively on the AMML, one...
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Sonangol signs oil by-products supply agreement with DR Congo firms
Angola’s public National Fuel Society (Sonangol) and DR Congo’s Sonahydroc and Cobil, last Thursday in Kinshasa signed an oil by-products supply agreement. Speaking to ANGOP, after the signing of the agreement the Sonangol C.E.O, Sebastião Martis, said that the two Congolese firms will acquire from Angola crude oil by-products at market price. Sebatião Martins emphasised...