Daily Archives: May 7, 2019

Karatbars the latest pyramid scheme identified by Bank of Namibia

WINDHOEK � The Bank of Namibia (BoN) continues to clamp down on dubious financial schemes operating in the country which, more often than not, prey on vulnerable Namibians during tough economic times. The latest decision affects Karatbars International...

Development Budget: Erongo Region allocated more than N$1.2 billion for 2019/20

WINDHOEK � The total Development Budget for the Erongo Region for the 2019/20 financial year, as tabled by Finance Minister Calle Schlettwein in March, stands at N$1.268 billion. Thereafter, during the remainder of the Medium-Term Expenditure Framework...

Development Budget: Erongo Region allocated more than N$1.2 billion for 2019/20

WINDHOEK � The total Development Budget for the Erongo Region for the 2019/20 financial year, as tabled by Finance Minister Calle Schlettwein in March, stands at N$1.268 billion. Thereafter, during the remainder of the Medium-Term Expenditure Framework...

Approved 2.5% bulk electricity tariff decrease unlikely to benefit consumers

WINDHOEK � Following an application from the national power utility, NamPower, the Electricity Control Board (ECB) approved a 2.5 percent tariff decrease, translating into an effective bulk tariff decrease from N$1.69 to N$ 1.65 per kilowatt-hour. Howe...

Sudan Army Rulers Want to Retain Sharia as Legal Guide

KHARTOUM Sudan's army rulers Tuesday said Islamic law should remain as the guiding principle in a new civilian structure, after protest leaders handed in proposed changes they want enforced but kept silent on Sharia.The 10-member military council was...

South Africa Readies for Elections, Ruling ANC Expects Win

PRETORIA, South Africans are ready to vote on May 8 in its sixth general election since the end of the white apartheid rule in 1994.Facing a different political landscape, as almost 50 parties will compete for the favor of 26.7