Owerhede in Nigerië kry N$500m terug in bedrogspul Nigeriese ondersoekers het meer as 500 miljoen Namibiese dollar teruggekry in ‘n korrupsie-ondersoek waarby ‘n geskorste regeringsminister en ander amptenare betrokke was. President Bola Ahmed Tinubu het die minister van Humanitêre Sake en Armoedeverligting, Betta Edu, in Januarie geskors ná bewerings oor openbare fondse wat na privaat...
The government has outlined its revenue projections for the fiscal year 2024/25, targeting N$500 million from the remaining 9% stake in the Mobile Telecommunication Company (MTC) from its initial public offering. Minister of Finance and Public Enterprises Iipumbu Shiimi said this initiative forms part of broader financial estimations, which also anticipate dividends of N$1.2 billion following...
The Ministry of Finance and Public Enterprises is set to disburse approximately N$500 million in back-pay to civil servants on 22 December, covering housing and transportation allowances. The back-pay is from April to December for staff members below management, while housing allowance for management will only be calculated from October to December. “I can confirm...
Senior officials at the government’s central medical stores have requested that the procurement threshold be moved up from N$25 million to N$500 million to meet present demands and improve service delivery. Executive director of health and social services Ben Nangombe says there is a need to allow more exemptions on urgent procurement matters. The senior...
Despite the tough economic climate, Nedbank Namibia disbursed home loans worth N$500 million in 2022. This points to the significant influence of the home-loan sector on banks’ growth in the property industry. This was said in a statement released by the bank, after Nedbank Namibia honoured its property agents and agency partners for their outstanding...
United Kingdom AIM-listed lithium, tin and tantalum producer, with operations in Namibia, has struck a US$25-million (N$500m) funding deal with financier Orion Resources to develop its Uis mine in Namibia. According to Proactive Research Institute, the package comprises US$2,5 million (N$50m) in equity, a US$10 million (N$200m) convertible loan note with warrants and a US$12,5...