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...
Epangelo’s Hawala faces the chop
He is also accused of allegedly ignoring procurement procedures when he appointed consultants as well as making financial decisions without board approval...
Cops’ corruption case features prophets, potions and perjury
...Sandema, Basson and Anghuwo were arrested and each faced two counts under the Anti-Corruption Act...
NHP divorces 30-year administrative partner
The move also means about 100 Namibian jobs are in limbo.
NBC’s DG must be a journalist
The NBC director general position is one of the top jobs any senior journalist could aspire to and the government’s preference for people outside of the profession needs to be rectified. One of the requirements for NamPower’s managing director position is a
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
