News

    The First National Bank (FNB) Namibia has started freezing the accounts of customers who fail to comply with Know Your Customer (KYC) regulations, leaving some clients frustrated over the lack of access to their funds. The move is part of the bank’s obligation to adhere to the Financial Intelligence Act and other regulatory requirements aimed at preventing financial crimes. FNB Namibia’s spokesperson, Kirsty Watermeyer, said that freezing accounts […]

    By: Junior Mutaleni In a decisive verdict delivered this morning, the Supreme Court dismissed the legal challenge Dr Panduleni Itula of the Independent Patriots for Change (IPC) brought against the President and other respondents. The case, stemming from the 2024 presidential election, saw Itula, the IPC’s candidate, contesting the victory of Netumbo Nandi-Ndaitwah of the ruling SWAPO party. Presiding Judge Justice, Chief Justice Peter Shivute declared the election […]

  The African Development Bank (www.AfDB.org) Group has signed an agreement to become an implementing entity of the Pandemic Fund (https://apo-opa.co/4h0TQu3). This enables the Bank to coordinate financing of the Fund’s approved projects in Africa, as well as to participate in a call for proposals for financing investments scheduled to launch next month. The financial procedures agreement, signed in January with the World Bank Group (the International Bank for Reconstruction […]

  In a recent interview (https://apo-opa.co/3QYQmxL) with CNBC Africa, Amadou Hott (www.AmadouHott.com), a leading candidate for the presidency of the African Development Bank (AfDB), has outlined a comprehensive strategy to revolutionize the Bank’s interaction with the private sector, recognizing its pivotal role in driving African development and African integration.  Hott presented one of the key pillars of his proposed action plan: the creation of a dedicated Bank complex, at vice […]

French President Emanuel Macron has contradicted President Trump in the Oval Office, and told him that Russia, not Ukraine, should be paying compensation for the war Vladimir Putin has waged over the last 3 years. The US leader claimed that President Volodymyr Zelensky will soon travel to the United States to sign a minerals

Image contributed by: Cirrus Capital Namibia has been ranked among the world's slowest for internet speed, placing 143rd out of 152 countries in the 2025 Speedtest Global Index by Ookla. The country also performs poorly in digital quality, e-security, and e-governance, according to Surfshark's 2024 Digital Quality of Life Index. Technology and economic experts say

French President Emmanuel Macron has warned Donald Trump not to "surrender" Ukraine as he pushes for a peace deal with Russia. The two leaders met at the White House on Monday, on the third anniversary of Russia's invasion of Ukraine. Nick Harper reports from Washington.

Records indicate 966 new vehicle sales in January, a 1.7% increase from January 2024 but a 12.2% decline from December 2024. Economist Almandro Jansen attributes the drop to seasonal trends and post-holiday financial constraints.