Category: Namibia

Rihanna To Launch Fenty Beauty Products In Africa

11May

By Chukwuebuka FestusNo Comments

Fashion, Ghana, Kenya, Namibia, News, Nigeria, South Africa, Zimbabwe

Rihanna To Launch Fenty Beauty Products In Africa

Rihanna has announced that her Fenty Beauty and Fenty Skin products will become available in eight African countries from the end of this month. In a social media post, the pop star said she had "been waiting for this moment" and that this was "just the beginning". The beauty products will be available in Botswana, Ghana, Kenya, Namibia, Nigeria, South Africa, Zambia and Zimbabwe. Read Also: Dancer Korra Obidi Clear Air On Husband’s Divorce Announcement Rihanna, whose full name is Robyn Rihanna Fenty, launched Fenty Beauty in 2017 in a partnership with luxury goods company LVMH (Moët Hennessy Louis Vuitton). She is worth $1.7bn (£1.2bn), with an estimated $1.4bn coming from the value of Fenty Beauty. The company reportedly made $100m (£72m) in its first 40 days. I...

Breaking: Supreme Court Upholds Ex-Plateau Gov Dariye’s 10-Year Jail Sentence

12Mar

By Obiajulu Joel NwoluNo Comments

Crime, Finance, Judiciary, Namibia, News

Breaking: Supreme Court Upholds Ex-Plateau Gov Dariye’s 10-Year Jail Sentence

The Supreme Court has upheld a criminal breach of trust brought up against jailed former Governor of Plateau State, Joshua Dariye. The former governor has approached the court to overturn the November 16, 2018 judgement of the Court of Appeal, Abuja, which found him culpable and sentenced him to 10 years for diverting public funds estimated at N1.162 billion while he was the Governor of Plateau. The apex court on Friday upheld the 10-year jail term imposed on Dariye upon his conviction on the charge of criminal breach of trust. It, however, set aside the charge that alleged misappropriation of fund, which prescribed a two-year sentence for Dariye.

Namibian Economy Expected to Experience Historic Dip – Central Bank

7Dec

By Obiajulu Joel NwoluNo Comments

Economy, Namibia, News

Namibian Economy Expected to Experience Historic Dip – Central Bank

The Bank of Namibia director of strategic communication, Emma Haiyambo has said that the Namibian economy is set to record the worse dip in recent history due to the ravaging effect of the COVID-19 pandemic. Haiyambo who disclosed this while releasing the latest economic projection for December on Monday said the domestic economy is expected to contract by 7.3 percent in 2020 and to recover by 2.6 percent and 3.2 percent in 2021 and 2022, respectively. She said, “The steep contraction in 2020 is driven by sharp declines in hotels and restaurants; mining; transport and storage; manufacturing; wholesale and retail trade and construction”. According to Haiyambo, the improved growth projected in 2021 is expected in the primary, secondary, and tertiary industries particularly uranium m...

Namibia’s Central Bank Governor, Gawaxab, Asks Country to Prepare for Impending Digital Revolution

18Jul

By Obiajulu Joel NwoluNo Comments

African Development, Economy, Finance, Namibia

Namibia’s Central Bank Governor, Gawaxab, Asks Country to Prepare for Impending Digital Revolution

Bank of Namibia (BoN) governor, Johannes Gawaxab has asked the country to get ready to deal with an impending digital revolution and utilize the technological innovation for greater good. Gawaxab made the statement on Thursday at the bank’s 30th anniversary celebration event, reflecting on its progress over the past years while anticipating continuous growth in the next 30 years and beyond. Gawaxab said BoN has been influential in ensuring long-term macroeconomic stability in the country over the past 30 years and has been able to deliver on its core mandate of implementing monetary policy, safeguarding stability, and promoting economic development in Namibia. According to Gawaxab, “On the monetary policy function, the role of the bank has been to set an interest rate path that en...