FIMA blocks employers from recovering theft losses from employees’ pensions

FIMA blocks employers from recovering theft losses from employees’ pensions

Renthia Kaimbi The Financial Institutions and Markets Act (FIMA) now prohibits employers from deducting financial losses due to employee theft, fraud, dishonesty, or misconduct directly from pension benefits. The practice was previously permitted under Namibia's repealed Pension Funds Act and had, for decades, left retirement savings vulnerable to employer claims based on more than a signed admission of liability. Under the repealed Pension Funds Act, section 37D expressly allowed retirement funds to deduct amounts owed to an employer where the loss arose from theft, dishonesty, fraud, or misconduct, provided the employee admitted liability in writing or a court judgment was…
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NNN urges Namibians to put children’s safety first

NNN urges Namibians to put children’s safety first

Patience Makwele Namibians across the country yesterday marked the Day of the African Child with renewed calls to protect children’s rights and improve access to education, water and sanitation, amid concerns that many young people continue to face abuse, neglect and unequal opportunities. Acknowledging the day, President Netumbo Nandi-Ndaitwah said child abuse, neglect, exploitation and violence remain unacceptable violations of children’s rights. “As we celebrate the African Child, we must also confront the realities that continue to threaten their wellbeing,” the President said in her message marking the day. This year’s commemoration was held under the theme, “Ensuring Universal Access…
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Sankwasa warns of ‘underground capture’ of traditional authorities

Sankwasa warns of ‘underground capture’ of traditional authorities

Allexer Namundjembo Minister of urban and rural development, James Sankwasa, has raised alarm over what he described as an “underground capture” of Namibia's traditional authorities, warning that certain individuals are attempting to destabilise customary leadership structures. Sankwasa made the remarks during the commemoration of 130 years of Chief Kahimemua Nguvauva at Okahandja on Sunday.. He said the alleged attempts to interfere with traditional authorities are aimed at weakening unity within communities. “There is an underground capturing of the country, particularly targeting traditional authorities. These capturers are using individuals to destabilise traditional setups. The more we become disunited, the weaker we…
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Youth coalition backs Simon as NYC chairperson

Youth coalition backs Simon as NYC chairperson

Renthia Kaimbi A coalition of youth and student affiliates from across Namibia's political spectrum has thrown its weight behind Ester Simon as their sole candidate for the position of executive chairperson of the National Youth Council (NYC).  The endorsement, announced during a joint press conference on Tuesday, brought together groups including the Student Union of Namibia (SUN), the Popular Democratic Movement (PDM) Youth League, the Congress of Democrats (CoD) youth representatives, the Rally for Democracy and Progress (RDP) Youth Wing, the Swapo Party Youth League (SPYL) and the Highlands Youth Organization, ahead of the NYC's elective General Assembly in Swakopmund…
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‘Namibian drivers are the real road hazards’ – expert

‘Namibian drivers are the real road hazards’ – expert

Renthia Kaimbi Road safety expert and activist Felix Tjozongoro has said public frustration with the installation of speed humps on the Western Bypass is misguided and that the real crisis lies in Namibian driver behaviour rather than the traffic-calming measures themselves. Tjozongoro dismissed claims that the speed humps are improperly placed or unlawful, asserting that much of the outcry stems from a fundamental misunderstanding of what the Western Bypass actually is under Namibian law. He pointed out that while the road displays green B1 markers, it does not feature the official freeway start sign, which depicts two lanes passing under…
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Oil industry experts warn Namibia must prepare for boom

Oil industry experts warn Namibia must prepare for boom

Patience Makwele Oil industry executives have warned that Namibia faces a defining test as the country moves closer to oil production, arguing that discoveries and foreign investment alone will mean little unless the sector translates into jobs, skills and economic opportunities for ordinary Namibians. The warnings were raised at the National Petroleum Corporation of Namibia (Namcor) headquarters in Windhoek on Tuesday during the launch of the fourth Namibia Oil and Gas Conference and Exhibition, where organisers unveiled the theme, “From Decision to Dividend: Making Namibia’s Oil Work for Namibians.” According to the organisers, the conference’s theme signals a decisive shift…
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Govt to remove fuel premium to lower costs for consumers

Govt to remove fuel premium to lower costs for consumers

Allexer Namundjembo The ministry of industries, mines and energy has announced plans to remove the fuel premium currently paid by consumers, saying the move will help lower fuel costs while ensuring a stable supply of petroleum products in Namibia. In a ministerial statement delivered on 10 June, minister Modestus Amutse said the premium, which has been charged over and above the Basic Fuel Price for the past four years, was introduced because fuel wholesalers argued they could not secure fuel at the regulated price due to the country’s relatively small import volumes. Amutse said the Basic Fuel Price already includes…
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Windhoek’s ‘smart city’ vision draws mixed reactions

Windhoek’s ‘smart city’ vision draws mixed reactions

Allexer Namundjembo The City of Windhoek’s newly launched People-Centred Smart City Strategy (2026–2036) has drawn mixed reactions from community activists, with some welcoming the vision for technological transformation while others question whether the municipality is ready to pursue ambitious smart city projects amid persistent service delivery challenges. The strategy, officially handed over on Monday in partnership with UN-Habitat and the United Nations Innovation Technology Accelerator for Cities, seeks to guide Windhoek’s development over the next decade through digital innovation, improved connectivity, modernised transport systems, and data-driven governance. The announcement, however, has sparked debate among community activists, particularly regarding the city’s…
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Pension protection versus accountability: FIMA’s unintended consequences

Pension protection versus accountability: FIMA’s unintended consequences

The coming into force of Namibia’s Financial Institutions and Markets Act (FIMA) has ushered in one of the most significant reforms to the country’s financial sector in decades. While much attention has rightly focused on its broader regulatory impact, one provision in particular has quietly altered the relationship between employers, employees and retirement savings. Under the previous Pension Funds Act, employers who suffered losses through theft, fraud or dishonesty by employees could, under specific conditions, recover those losses from pension benefits. Such recoveries required either an acknowledgement of debt by the employee or a court judgment confirming liability. The principle…
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Livestock firm as premium cattle fetch up to N$79.50/kg

Livestock firm as premium cattle fetch up to N$79.50/kg

CHAMWE KAIRA Local livestock producer prices remained broadly firm during the week ending 15 June, with premium beef cattle continuing to command prices of up to N$79.50 per kilogram, while slaughter sheep sold for more than N$41/kg on average at auction. According to the latest Weekly Livestock and Meat Producer Prices published by the Livestock and Livestock Products Board of Namibia, top-grade A2 to A4 cattle on the Savanna Beef Operations export price schedule were priced at N$78.00/kg, while cattle weighing between 240kg and 259kg on the carcass classification matrix fetched N$79.50/kg. Animals weighing 260kg and above were priced at…
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