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The migration of people from rural to urban areas in Namibia is expected to increase by 26 percent by 2040 if economic development does not improve, officials warned Saturday. According to Ombu Capital CEO Vetumbuavi Mungunda, the lack of rural economic activities will lead to even more urban migration that…
relating to the in- country consolidation and optimization of an overlapping depot network and an uplift in the bottle returns for Distell products in the NBL network; . | March 4, 2022
Katjavivi mum on genocide…shrugs off ‘Judas’ tag
2021-06-03
Mumbuu
National Assembly Speaker Peter Katjavivi declined to be dragged into the genocide deal, where the Namibian and German governments purportedly reached a N$19 billion settlement.
Approached by journalists outside Parliament on Wednesday, he said the genocide matter would be dealt with by Prime Minister Saara Kuugongelwa-Amadhila next week when the National Assembly resumes.
Katjavivi, one of the most senior lawmakers in Namibia, is a descendant of the Ovaherero people, who, alongside their Nama compatriots, were massacred between 1904 and 1908. At least 80 000 Herero and 10 000 Nama people were killed by colonial Germany when they resisted the colonial occupation.
Change of guard at Standard Bank Namibia
2021-05-03
Staff Reporter
Standard Bank has confirmed that Vetumbuavi Mungunda has stepped down as chief executive, and has left the Standard Bank Group effective 30 April 2021 in accordance with the advance notice published in August 2020.
This has allowed for a smooth transition process that resulted in the selection of Mercia Geises as the incoming chief executive, effective 1 May 2021.
Herbi Maier, chairman of the board, said “Vetumbuavi has been the chief executive for the last seven years, and has provided outstanding leadership, strategic direction and a clear vision for the bank during a very difficult and challenging time which included, among others, a difficult economic environment, the Covid-19 pandemic and the implementation of the bank’s new core banking system.”