Walvis Bay will join 38 other local authorities at the US-based Johns Hopkins University's new Youth Climate Action Fund, where it will receive close to N$1 million for disbursement to youth-led climate action initiatives.

This was brought to light by Walvis Bay Mayor Trevino Forbes at the ordinary council meeting. 

Forbes says efforts stemming from the new Youth Climate Action Fund will advance critical community goals such as meeting decarbonisation commitments or reducing consumption-based emissions.

Bank of Namibia Governor Johannes !Gawaxab says that EOS Capital, himself, and the Namibia Competitions Commission (NaCC) reached an agreement to ensure compliance with the set regulatory regulations.

However, the Central Bank Governor pointed out that the agreement is not an admission of guilt but a pragmatic solution to avoid prolonged legal proceedings. 

!Gawaxab was responding to a Namibian Competition Commission (NaCC) decision to fine him, together with two other parties, N$1 million for contravening merger regulations.

The Namibian Competition Commission (NaCC) has fined the Governor of the Bank of Namibia, together with two other parties, N$1 million for contravening merger regulations.

The fine pertains to Johannes !Gawaxab's business undertakings before his appointment by the late President Hage Geingob as the Governor of the Central Bank.

!Gawaxab was appointed as Governor of the Bank of Namibia in 2020.

Several MPs in the National Assembly have resisted its current format, the N$1 million motion tabled by Swapo MP Elifa Dingara.

Dingara tabled a motion proposing that every Namibian be given a million dollars to keep poverty at bay.

Some lawmakers called the motion unrealistic.

In his motivation, Dingara explained that the money does not need to come from the state's purse but from the country's abundant natural resources.