Windhoek Observer

Chamwe Kaira  The Namibia Revenue Agency (NamRA) spent N$382.6 million on goods and services during the 2024/25 financial year. Procurement data shows that multinational companies received the largest share by value.  Over N$178.2 million was awarded through four contracts. Local large companies secured N$82.1 million across 374 contracts. Small and medium-sized enterprises received N$49.7 million through 312 awards.  Public entities were allocated N$2.83 million from 61 transactions. In total, NamRA issued 750 procurement awards during the year. Central Namibia received the largest share. It accounted for N$122 million across 588 awards, the highest in both value and number of contracts.…

Staff Writer Nedbank Namibia has received the 2025 Straight Through Processing (STP) award from Commerzbank AG. The award recognises the bank’s performance in handling cross-border payments. The Commerzbank STP award is granted each year to a small number of correspondent banking partners that meet global standards in processing payments and financial transfers. The assessment focuses on the accuracy, completeness and formatting of payment data. These factors allow transactions to be processed automatically without manual intervention. Straight-through processing is a key measure of efficiency in international banking.  Despite improvements in payment systems, global STP rates for cross-border payments remain low, at…

Chamwe Kaira  Managing Executive for Nedbank Africa Regions (NAR) Terence Sibiya saw his total awarded remuneration fall to R23.2 million in 2025, down from R25.4 million in 2024. The decline reflects lower incentive payouts, despite a rise in guaranteed pay.  His guaranteed package increased by 4.7% to R5.17 million. Short-term incentives declined by 23.8% to R8 million, with both cash and deferred incentives lower. Long-term incentives remained at R10 million. Total earned remuneration also fell by 6.7% to R23.5 million. This was driven by a drop in vested long-term incentives and lower dividends. The changes come as performance across the…

Emirates has continued its commitment to making travel more accessible for all by successfully arranging bespoke Emirates Travel Rehearsals across more than 40 cities globally over the past year. With more than 250 families positively impacted, Emirates Travel  Rehearsals are designed to support children and young adults with autism, allowing them to practise the journey through the airport to prepare for real flights, easing travel anxiety and empowering them to fly with more confidence. After the initial Emirates Travel Rehearsals in Dubai resulted in positive feedback from families, schools and autism organisations, the Emirates Office of Accessibility & Inclusion formulated…