In addition to the already unfolding drama at the Rally for Democracy and Progress (RDP) this week, it has now emerged that the controversial human rights activist Phil Ya Nangoloh has entered the muddied waters of the RDP presidential campaign. Ya Nangoloh’s involvement first became apparent when he funded the placement of an advertorial for one of the RDP presidential candidates.
THE news of former Assistant Governor of the Bank of Namibia (BoN) Michael Mukete leaving the central bank to join PointBreak Group Namibia has raised questions of conflict of interest and ethical conduct in the banking sector. The Bank of Namibia has granted a provisional banking licence to a subsidiary of PointBreak called e-Bank, which is what corporate governance and ethical business behaviour campaigners in the country now question.
The recent uproar in parliament about the tabling of the procurement bill by Finance Minister Saara Kuugongelwa-Amadhila appears to be a little more than Kazenambo Kazenambo being carried away by his emotions sources in Swapo say. The tabling of the bill has once more exposed the division within the ruling party, and even though Swapo’s elective congress determined where the political power lies, it has not stopped other factions in the party from going after economic power.
THE Minister of Lands and Resettlement Alpheus !Naruseb has expressed support for President Hifikepunye Pohamba’s recent views on Government’s willing buyer, willing seller policy. Speaking candidly for the first time about the up-hill battle Government faces, !Naruseb praised Pohamba for the statement he made on Heroes Day this year regarding the land issue and stressed that the president had every right to say what he did.
PRIME Minister Hage Geingob has received a clean bill of health from his physician, following his hospitalisation and emergency operation just two months ago. The following is an extract of a letter received by the medical doctor who has kept the prime minister under observation since the recent health scare;
THE long-running dispute between the Namibia Medical Aid Funds (Namaf) and the Namibia Private Practitioners Forum (NPPF) is about to be resolved after a probe into allegations of unilateral, non-transparent and uncompetitive medical tariff price setting by Namaf. NPPF reported Namaf to the Namibia Competitions Commission two years ago for anti-competitive tariff setting, claiming that it does not consider private practitioners’ input in the annual price setting process and just sweeps it under the carpet.
DESPITE the absence of petrol in rural towns countrywide,Minister of Mines and Energy Isak Katali has been sitting on thedecision to amend a regulation in the Petroleum Act for four years. The initiative by Petrotek to bring German manufactured petrol containers to Namibia and sell them to entrepreneurs interested in providing fuel around the country continues to gather dust.
FINANCIAL experts have warned that the looting of the Novanam Pension Fund administered by Old Mutual, the country’s most leading insurance giant, may affect the reputation of the company. “I am sure that Old Mutual’s reputation as an administrator of third party funds would be negatively affected,” a financial expert who preferred to remain anonymous told the Windhoek Observer.
THE rising inflation in the country is forcing many Namibians to borrow money to supplement their income. This poses the danger that many of them might end up caught in a debt trap. In an earlier story covered by the Windhoek Observer, an analysis based on the May Consumer Price Index by Namibia Equity Brokers (NEB) showed that inflation would cause people in the lower income bracket (N$0-N$50, 000 per annum) to borrow money to meet their basic food needs.
EXPERTS have cast doubts on the Government and local authorities’ ability to pull of the Mass Housing Development Initiative announced by the Minister of Regional and Local Government Charles Namoloh this week. As part of the programme, Government plans to construct 189,000 houses at a cost of N$45 billion over the next 17 to 18 years.