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The Bank of Namibia had earlier announced that from 15 April 2024, CMA (Common Monetary Area) payments to South Africa, Lesotho & Eswatini will be initiated as Foreign Exchange transactions, with Balance of Payment (BoP) reporting requirements. However, this week commercial banks informed their clients that payments to South Africa, Lesotho and Eswatini (Common Monetary Area) will continue as per current payment processing and will not change as previously communicated. Observer Money this week asked clarity from Sandra Garises, Acting Director: Strategic Communications and International Relations at the Bank of Namibia on the readiness of the industry to implement this…

The Anglican Diocese of Namibia has announced with profound sorrow the passing of Sally Kauluma, a revered figure within the church community known for her dedication and service.Kauluma passed away on Tuesday and her death was announced by Bishop Patrick Djuulume.Kauluma, who originally hails from the United States of America, was the wife of the first indigenous bishop of the diocese James Kauluma. She was remembered for her unwavering support and counsel which was a beacon of strength during her husband's tenure in the colonial era.When she relocated to Namibia (then South West Africa), she taught at St Mary's Odibo…

Hertta-Maria Amutenja The Speaker of the National Assembly, Professor Peter Katjavivi called for an increase in the budgetary allocation of the Anti-Corruption Commission (ACC). Katjavivi made the call during the budget motivation in Parliament last week, emphasizing the role the commission plays in combating corruption within Namibia. “I therefore will appeal that we should look at how best we can allocate more resources to fund ACC for it to execute its mandate efficiently. Allow me to reiterate and emphasize that the impact of corruption is severe if it is allowed to persist. It impacts negatively on investors’ confidence, economic growth…

Niël Terblanché President Nangolo Mbumba took strides towards advancing Namibia's green economy and economic independence during engagements in Lüderitz over the weekend. He initiated several projects aimed at promoting renewable energy and local development. This included the inauguration of the Hyphen Meteorological Mast to measure wind potential for renewable energy generation, and a visit to the site of the Hyphen Angra Point Industrial Chemical Facility, which showcased infrastructure developments for ammonia storage, water abstraction, and desalination. Mbumba also met with the town council's management, executives from government institutions, and local business leaders to discuss plans for upcoming projects aimed at…