ACC arrests five in N$500 million Namcor ‘corruption’ scam
...N$560 million in bogus oil transactions where the parastatal supplied politically connected companies with petroleum products but was never paid for the fuel...
SSC admits investment breach, divorces investment firm
....SSC allocated US$34 million to RISE and that this amount grew by US$5.6 million to just shy of US$40 million...
Government cherry picks banks for lucrative rescue package
The Ministry of Finance has entered into a N$6 billion bailout agreement with three commercial banks in an unorthodox arrangement that will strengthen the banks’ control of the debt market and gain an extra yearly interest income of over N$140 million for
Bring back BIG cry Omitara residents
OMITARA – Lolla Seibes (28) sits in line waiting to collect the N$350 orphans and vulnerable children’s grant. She gets it for her daughter, whose father died last year. That grant, Seibes’ grandmother’s N$1 600 state pension, and her aunt’s civil servant
SA cops close in on suspects, tight-lipped on N$5m Namdia link
...South African Police’s Directorate of Priority Crimes Investigation (DPCI), well-known as the Hawks, raided a Port Nolloth house, where 1 000 carats of diamonds were recovered...
GIPF raises fresh fears over N$350 million mandate
... N$350 million investment mandate to the controversial Chinese-owned fund manager VG Cap...
GIPF dragged into Stina Wu ‘bailout’ controversy
THE Government Institutions Pension Fund has approved a N$350 million unlisted investment mandate to a company with strong ties to controversial Chinese businesswoman Qiaoxia ‘Stina’ Wu. The Issue has reliably learnt that the said company had initially listed a few of Wu’s
Greasy fugitives, schoolyard shenanigans and Starlink soldiers
This week in the Land of the Brave, I couldn’t help but regularly chuckle into my pap and coffee as the theatre of the absurd unfolded with its quintessential Namibian flavour applied generously and rubbed in firmly. The ongoing Namcor bail hearing,
Starlink license would make white supremacy great again
It's not a simple attempt to ‘cancel’ someone famous for his political views; rolling over for Musk, who sees us as less than, is just not in our interest.
Judges reprimand State over ‘unripe’ cannabis case
...confiscated dagga worth over N$160 million since 2020, government's cannabis-related inertia saw judges rebuke the State in the High Court...
Turbulent Namdia faces internal strife
Investigations now revealed that the parastatal was in breach of its operating licences granted by the office of the diamond commissioner...
