The University of Namibia (UNAM) Vice Chancellor, Prof. Kenneth Matengu, said N$10 million has been allocated this year for the construction of lecture halls as part of the first phase of the southern campus development cycle.

Matengu revealed this during the 2024 UNAM Southern Campus graduation ceremony on Friday, saying more funds are expected over the next two years to ensure that the first phase is completed. The construction of the first of five phases started in 2016, and it has cost the government N$93 million already.

A heated debate unfolded in the National Assembly over the proposed amendments to penalties for companies failing to comply with regulations related to the maintenance of beneficial ownership records.

The amendments suggest a fine exceeding N$10 million or imprisonment for a period not exceeding 10 years, or both, for offences committed knowingly.

In response to concerns about the proportionality of the penalties, the Minister of Trade and Industrialization, Lucia Iipumbu, reiterated that the maximum penalty of N$10 million did not imply a one-size-fits-all approach.

Workers of NovaNam at Luderitz in the ||Kharas Region claim they have been kept in the dark on the distribution of N$10 million in workers' shares in the fishing company.

The workers handed over a petition to the HR Manager, demanding an audience with the company's management on the status of their shares.

Delivering the petition on behalf of the workers, Rebekka Uusiku called on the management of NovaNam not to change the shareholding of 15% of the workers to trustees without the workers' consent.