The University of Namibia (UNAM) Vice Chancellor, Prof. Kenneth Matengu, said N$10 million has been allocated this year for the construction of lecture halls as part of the first phase of the southern campus development cycle. Matengu revealed this during the 2024 UNAM Southern Campus graduation ceremony on Friday, saying more funds are expected over...
UNAM gets N$10 million to construct lecture halls at southern campus – nbc Source link
A Police officer from Ongha Police Station is being accused of conspiring with suspected human traffickers to release their victims from a shelter. The officer was allegedly paid N$10 000 to do so. Ohangwena regional police commander commissioner Ottilia Kashuupulwa confirmed this on Thursday. “The first offer was N$65 000, the second was N$30 000,...
The Presidency has instructed that N$10 646 be withdrawn from the government credit card for tips to the office’s security and protocol team. The Presidency has also returned N$21,2 million, which “could have been used for other national pressing needs”. This was revealed in an audit report into the accounts of the Office of the President...
The Minister of Finance and Public Enterprises, Iipumbu Shiimi, says increasing the old-age pension grant to N$2,000 or N$3,000 would cost the state N$10.1 billion a year, which would be more than double the current cost of N$4.8 billion annually. Shiimi said the deficit would have gone past the N$8.9 billion estimates, increasing it to...
Martin Endjala First National Bank of Namibia has opened up investment avenues for Namibians to participate in the global investment economy by acquiring listed instruments in international companies like Amazon, Apple, Hathaway, and Microsoft for as little as N$10. The listed financial instruments are any assets that hold capital and can be traded, and this...
Staff Reporter HAVING handed over N$6.8 million in dividends previously in 2020, N$10 million in 2021, and N$7.7 million in 2022 respectively, Namibia’s only special risks insurance company, Namibia Special Risks Insurance Association Limited (NASRIA), has shaken off Covid-19 woes and handed over a dividend of N$10 million for the 2023 financial year to its...
Ministry of Urban and Rural Development has allocated N$10 million to the Shack Dwellers Federation of Namibia to curb the effects of housing shortage in the country. This was confirmed in a statement released to the media on 2 August. “The Ministry of Urban and Rural Development (MURD) has once again extended its support to...
Namibia Special Risks Insurance Association (NASRIA) handed over a dividend of N$10 million for the 2023 financial year to its sole shareholder, the Namibian Government. The company has attributed its improved performance to sound governance and dedication to delivering on its mandate. Adrians Vugs, NASRIA’s Board Chairperson, says that despite the economic headwinds that have...
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...