National News

Niël Terblanché A group of Namibian fishing industry workers have come forward with personal testimonies about the profound impact the notorious Fishrot corruption scandal has had on their lives. The Fishrot corruption scandal, which came to light following investigations into illicit dealings between several former Namibian government officials and representatives of the Icelandic fishing company Samherji, has had far-reaching consequences. The scandal centred around the exchange of lucrative fishing quotas for payments, severely impacting local companies like Namsov Fishing Enterprises, which saw their quotas slashed or eliminated from 2014 onwards. This led to the loss of at least 1,000 jobs,…

Niël Terblanché The nationwide manhunt for 30-year-old Nico Rabebe, a former Bank Windhoek employee accused of an audacious N$200 million theft, concluded with his arrest in Opuwo yesterday. Rabebe’s run from the law ended quietly at his girlfriend’s residence, where, in a surprising twist, he elected to turn himself in to investigators of the Namibian Police. Kunene Police Regional Commander, Commissioner James Nderura, confirmed the arrest took place early yesterday morning at about 07:00. The fugitive instructed his girlfriend to inform the police of his desire to surrender. This unexpected move brought an end to a saga that captivated the…

Martin Endjala Namibia and Angola on Wednesday announced progress in the issuance and use of innovative payment mechanisms between the two countries to respond to the need for smoother trade and transactions. This is an outcome of a renewed push by the two central banks to enhance the movement of goods and services between the two countries which was inspired by excellent government-to-government relations. The Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, said the payment systems include a variety of platforms and services that enable businesses, individuals, government and other economic agents to conduct daily financial transactions without…

Martin Endjala The Motor Vehicle Accident Fund (MVA) has embarked on a week-long initiative which is aimed at increasing road safety awareness in the region, educating the public about the Fund’s mandate, benefits, and the Fund’s claims process. The outreach programme will take place in the Kunene Region and is set to run from 6 to 12 March where it will demonstrate the fund's commitment to continue to deliver services directly to residents in communities. MVA Fund Chief Executive Officer, Rosalia Martins-Hausiku said that the Kunene region has been identified as an area that is generating a significant number of…

Martin Endjala In its interim financial results for the six months ended 31 December 2023, the Capricorn Group said in their report that it created a value of N$2.42 billion for all its stakeholders. The Group’s Chief Executive Officer, Thinus Prinsloo said the Group's positive financial performance enabled the bank to create value for all stakeholders, contributing to the socio-economic development of Namibia and Botswana and positively impacting many lives including employees, suppliers, shareholders, communities and government. The value is spread across its shareholders mainly, its employees at an amount of N$563 million, the government through taxes N$574 million, ordinary…