Windhoek Observer

CHAMWE KAIRA Namibia Financial Institutions Supervisory Authority (Namfisa), Chief Executive Officer, Kenneth Matomola has encouraged Namibians to lodge their complaints with Namfisa to ensure a fair resolution when they have disputes with non-banking financial institutions. He explained that a complaint must first be lodged with the financial institution concerned and the clients must ensure that they receive a response in writing. If not satisfied with the response received from the financial institution, a complaint must be lodged with Namfisa. He said the complaints can be emailed, or submitted in person at the Namfisa head office, faxed or sent by post.…

CHAMWE KAIRA The year-on-year inflation rate stood at 4.8% in Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi) in June this year compared to 5.2% registered during June 2023. The Namibia Statistics Agency said the slowdown in the annual inflation rate emanated mainly from the slow increases registered in the price levels of ‘food and non-alcoholic beverages’ (from 11% to 4.1%); ‘education’ (from 4.5% to 0.6%); ‘miscellaneous goods and services’ (from 6.8% to 1.4%); ‘clothing and footwear’ (from 3.7% to 1.9%); and ‘furnishing, household equipment and routine maintenance of the house’ (from 6.4% to…

CHAMWE KAIRA Namibia Dairies has announced the implementation of a supplementary winter levy to support its dairy farming partners during the challenging winter season. The company said recognising the current trading environment and the considerable strain posed by the ongoing drought, Namibia Dairies is committed to supporting its partners in the dairy industry to the best of their ability. The company announced that subject to all quality specifications being met, the winter levy of 75 cents per litre will be paid for all raw milk delivered by standing dairy farming partners between 1 June and 31 August. The initiative aims…

The value of Russia’s rough-diamond production surpassed Botswana’s for the first time in 2023 even as sanctions and a weak market hindered the country’s diamond sales. The growth comes despite increased sanctions, including the addition of the European Union to the list of those banning Russian diamonds and harsher rules by the US regarding goods substantially changed in a third-party country, such as India. Last year, Russia produced 37.3 million carats of rough, with a total value of US$3.61 billion, at an average price of US$97 per carat, according to statistics the Kimberley Process (KP) in its production report. That…