… Clients feel “scammed” Businessman-turned-activist Michael Amushelelo has confirmed that some of the clients of his ‘affordable housing project’ are demanding refunds as the project has been dragging on for four years. Amushelelo advertised a housing project at Brakwater from 2021 – an initiative to build 150 unserviced plots and affordable houses for middle-income earners...
I lost my mother, who was a war veteran, this year. Her project was approved in 2014, but she never received that money. She was always looking forward to receiving this money. Year after year she was hopeful, and she always spoke about this money. Unfortunately, it seems war veterans from the Zambezi region have...
Staff Reporter A SUBSTANTIAL amount of cash and an apparently newly bought car linked to a recent robbery in Windhoek were recovered by the police in the Oshana Region on Wednesday. A white Volkswagen Polo GTI (N233-994W) was found parked in a traditional homestead in the Oshinyadhila-3 Village near Ongwediva. The vehicle is believed to...
The Sunshine Centre for children with learning impairment caters for around 150 people, children with special educational needs included, and adults who require a protected working environment. Assisting three of the teachers to attend the local Montessori Centre, Manica Group Namibia recently contributed N$100,000 for their education. Many of the teachers at the Sunshine also...
… Investigators follow money trail to Erongo Most of the N$2 million which disappeared in the Bank Windhoek theft involving employee Nico Rebebe was spent at Walvis Bay and Swakopmund. Kunene regional police commander commissioner James Nderura revealed this to The Namibian yesterday. He said he has dispatched a team of investigators in the region...
Namibians and Angolans will now be able to transact easily across borders using several methods, including visa, credit card and electronic tranfers. This follows steps taken by the two countries to enact various payment methods that will make the ease of doing business hassle-free, the Bank of Namibia (BoN) says. Both the BoN governor, Johannes...
The Financial Action Task Force (FATF) has greylisted Namibia over concerns about its effectiveness in combating money laundering (ML), terrorist financing (TF), and proliferation financing (PF). The country was greylisted on Friday after being identified as falling short in key areas. Bank of Namibia governor Johannes !Gawaxab says the country had been placed under increased...
With the cost of living on the rise, along with high interest rates and inflation, saving money is a priority for many households. If you are thinking about downgrading your large family car for a smaller one to save, there are a few key points to consider before you make a final decision. When you...
The Minister of Finance, Iipumbu Shiimi provided an update this week on Namibia’s strides in combating money laundering and terrorism financing, highlighting significant developments in the nation’s ongoing efforts. Since December 2022, Namibia has been steadfastly working towards meeting the rigorous international standards set by the Eastern and Southern African Anti-Money Laundering Group (ESAAMLG) and...