Fenny Anguku, Author at Eagle FM

Business Namibia News

Nam Close Corporation Companies Being Used To Fund Terrorism And Money Laundering …Namibian Police have a CC suspected as a potential subject of terrorist acts and terrorist funding

Written by Fenny Anguku on 23 June 2023

By:Nghiinomenwa-vali Erastus It has been found that Close Corporations (CCs) are most vulnerable to be used for money laundering and for terrorist financing in Namibia. This is according to the Financial Intelligence Centre (FIC) Report titled Terrorist Financing Risks In The Non-Profit Organization Sector, which was released in May this year. The 2023 National Risk […]

Agriculture

The Border Closed For 11 Fresh Produce Except For Washed Potatoes

Written by Fenny Anguku on 2 June 2023

Nghiinomenwa-vali Erastus Expected production figures for the month of June 2023 show that local producers will be able to meet the local demand for 11 special controlled horticultural products. However, the country will still be importing nine of the products, with five to be imported on a pro-rata basis. This is according to the Close […]

Business

Beneficiaries Reject Okahandja Stalls, Citing Distance And Size Of Stalls

Written by Fenny Anguku on 2 June 2023

Justicia Shipena Beneficiaries of the Okahandja Open Market stalls dropped a bombshell on the municipality and telecommunications company MTC, stating the facility is small and located far away from customers. The Okahandja municipality and MTC inaugurated the open market on Thursday. Mara Tjazerua, a beneficiary who read a demand letter on behalf of the vendors, […]

Business News

Sanlam and NIPDB Partner For Business Bridge Programme

Written by Fenny Anguku on 2 June 2023

Sanlam has partnered with the Namibia Investment Promotion & Development Board (NIPDB) for the 2023 Sanlam Bridge Programme. The programme serves as a launchpad for Namibian start-up business owners, who either already have a registered business not older than one year or have a feasible business idea but lack the financial resources they require, to […]

Business

Proposed Consumer Credit Draft Bill: What Does it Mean to Namibians?

Written by Fenny Anguku on 2 June 2023

Josef Kefas Sheehama There is a strong conviction that key stakeholders have the will and the capabilities to develop a robust credit market that will deliver on consumer's rights inclusion. Therefore, there is a need for legislative reform of consumer credit to deal with the complex consumer market. These changes will make it easier for […]

Business Namibia News

Rural Areas Dominate In Business Establishment

Written by Fenny Anguku on 1 May 2023

By:Nghiinomenwa-vali Erastus Of all the business establishments existing in the country, 56% were found in rural areas. This is according to the Census Mapping Report done between 2019-2021 by the Namibia Statistics Agency (NSA). The findings come at the time when more people are flocking to the cities for green pastures to seek employment as […]

Business Namibia

Namibia, Angola Ministers Discuss Natural Resources, Combat Trafficking

Written by Fenny Anguku on 12 April 2023

Mines and Energy Minister Tom Alweendo hosted an Angolan delegation headed by that country’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, in Windhoek this week, to exchange experiences in the field of mining, mining cadastre and hydrocarbons and on combating fuel trafficking. Headed by minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, […]

Business Namibia News

Solar Finance For Business

Written by Fenny Anguku on 22 March 2023

Executive of Marketing Jerome Mutumba has announced three new enterprises that used Bank finance to strengthen their enterprises with solar energy. They include a truck and tractor repair plant in Gobabis, a charcoal manufacturer, also near Gobabis, and a large retail outlet in Okahandja. Says Mutumba, although DBN is associated with photovoltaic parks, larger solar […]

Business Namibia News

Nurturing Corporates And Institutions To Flourish – Bank Windhoek Executive

Written by Fenny Anguku on 22 March 2023

Corporate and institutional banking is essential to a country’s ecosystem and development, says Lukas Nanyemba, Bank Windhoek’s Executive Officer of Corporate and Institutional Banking. “Nature underpins our economy, society, and indeed our existence. In natural habitats, animals, plants, and microbes are known to be excellent engineers. After many years of research and development, we have […]

Namibia News

AK Food To Cost More Next Month …Economists Not Surprised

Written by Fenny Anguku on 28 November 2022

By:Justicia Shipena The increasing price of basic staples such as wheat, maize meal, pasta and rice in Namibia is no surprise. These are the views of local economists after Namib Mills announced that it would be increasing food prices on Thursday. According to Namib Mills, the prices of wheat, pasta, bread, rice, maize meal, rice, […]