Residents of Rehoboth remember late President Geingob

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In a heartfelt display of national unity and mourning, residents of Rehoboth came together to honour the memory of the late President Dr. Hage Geingob. The tribute event saw the community engaging in worship through singing.

Deputy Minister of Higher Education Natalia |Goagoses at the Rehoboth memorial service asked that, rather than long speeches, the gathering should let God lead through with praise and worship.

The event began with candle lighting at the main table, followed by residents doing the same.

Public warned on fraudulent investment scam

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The Bank of Namibia (BoN) has issued a warning to the public, highlighting a concerning rise in fraudulent investment scam activities.

These scams have been targeting and leveraging references to the Namibian government, its various ministries, offices, and agencies.

Perpetrators of these fraudulent investment schemes have been particularly focused on offering unsolicited financial assistance to fund Namibia's developmental initiatives.

BoN officially a member of Network for Greening the Financial System

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In a move to support sustainable economic growth and combat climate change, the Bank of Namibia has officially become a member of the Network for Greening the Financial System (NGFS).

This network, composed of central banks and financial supervisors, aims to promote environmentally responsible management within the financial sector.

As of December 2023, the Bank of Namibia (BoN) was inducted as a plenary member, standing alongside 134 other members and 21 observers, to foster a collective response to meet the Paris Agreement's objectives.

Swakopmund development and safety measures unveiled

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The town of Swakopmund, renowned as a top travel and leisure destination, recently unveiled a series of development and safety measures to enhance the experience of tourists.

The Town Council's Public Relations Officer, Linda Mupupa, shared exclusive details with our morning show, Good Morning Namibia, shedding light on the town's progress in the year 2023.

The festive season brings massive opportunities for businesses in and around coastal towns to profit.

Such opportunities also attract criminals, aiming to rob both businesses and tourists.

BoN and NamRA launch Trade Verification System

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The Bank of Namibia, in partnership with the Namibia Revenue Agency, has embarked on a journey to digitalise Namibia's trading system while protecting revenue flow in the country.

Namibia's launch of the Trade Verification System (TVS) demonstrates the country's commitment to strengthening its financial systems and ensuring a transparent and legitimate trade environment.

The system is designed to streamline international trade procedures and combat illicit financial flows.

Domestic economy projected to expand by 3,9 %

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The domestic economy is projected to expand by 3.9% in 2023, followed by a moderation to 3.4% in 2024. 

This is contained in the latest economic outlook released by the Bank of Namibia (BoN).

The central bank's latest forecast reflects a downward revision of 0.2% compared to the previous update.

Despite the expected slowdown, Namibia's economy remains resilient amidst a challenging global economic landscape.

Brazil commits to assist Namibia in its oil exploration

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A Brazilian delegation headed by Ambassador Carlos Duarte, Secretary for Africa and the Middle East in the Ministry of Foreign Affairs, has concluded an official visit to Namibia.

The visit is part of President Luiz Lula da Silva's initiative to re-engage Africa as a priority in Brazilian foreign policy.

The primary objective of the visit was to explore collaborative solutions to the challenges faced by both nations.

Ambassador Eduardo emphasised the importance of mutual learning, particularly in areas of common interest.

Gov partners work on targeted job creation interventions

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The Ministry of Labour, Industrial Relations, and Employment Creation and its partners are working together to find ways to simplify employment creation and effect broader change in the economy.

The ministry, the Namibian Statistics Agency (NSA), and the International Labour Organisation (ILO) launched the updated Social Accounting Matrix (SAM).

The main goal of the Employment Impact Assessment is to assist in the design of targeted interventions that promote more and better job creation for all, including women and youth.

One Economy Foundation raises N$4.2 million at fundraising gala dinner

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The One Economy Foundation has raised about N$4.2 million at its eighth annual fundraising gala dinner.

The funds will be used for youth and adolescent development in various fields.

President Hage Geingob was the guest of honour at the event.

The First Lady, Monica Geingos, described the One Economy Foundation as a stewardship of development to link what is described as the first economy, consisting of middle- and high-income earners, and the second economy, consisting of low-income earners, towards one balanced economy.