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03 Feb 2012
Today's Headlines
New Era Main Picture
■ Blacksheep, The Dogg make peace
■ Cool-Under- Pressure, experiment set...
■ M-Fresh goes solo
■ The power of hymns in people’s lives
■ Windhoek, Swakopmund and Walvis Bay ...
■ You ain’t seen nothing yet from Star
■ Chi-chi quits 99FM
■ Gal level to release Last Chapter
■ Killa-B basking in Top Shota
■ English language usage goes theatric...

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WINDHOEK – The Government Institutions Pension Fund (GIPF) has recovered about N$1.1 billion from its infamous Development Capital Portfolio (DCP) investments but is struggling to recover the remaining N$600 million, reveals a forensic investigation by Auditor-General Junias Kandjeke.

Speaking exclusively to New Era yesterday, Kandjeke said the N$660 million issued through the DCP loans was expected to net the fund a handsome N$1.7 billion in returns on investment.

But with defaults and, possibly, malicious intent by some recipients to cheat the fund, the GIPF has so far ...

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The Week's Headlines
WINDHOEK – Walter Lindner, the Director General for African Affairs in the Federal Ministry of Foreign Affairs of Germany, in a su...
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WINDHOEK – The final report on the health and environmental audit in Tsumeb and Grootfontein on the possible presence of toxic gas...
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WINDHOEK – National Union of Namibian Workers (NUNW) secretary-general, Evilastus Kaaronda, says some individual/s are hard at wor...
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WINDHOEK – The Tender Board has cancelled the contract for the construction of the Neckartal Dam in the south, resolving instead t...
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WINDHOEK — A 35-year-old Namibian woman was arrested in Angola after she allegedly hacked to death her 72-year-old husband and the...
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Nam dollars
Govt to take a stand on reparations

WINDHOEK – Prime Minister Nahas Angula says the Namibian government will at its own time and pace pronounce itself on the issue of reparations that the affected communities of Namas and Ovaherero, the descendants of the ...

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Kongola to farm crocs

INDHOEK- Plans are underway to set up a crocodile farm at Kongola to minimise the increasing number of humans dying from crocodile attacks.

With heavy rains in the Caprivi Region since Monday, Munu Godfrey Kuy...

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Other News Categories


More Headlines
■ NTN to stage a pantomime
■ Inside The Aged - Tribute to an unsung her...
■ The rubbish of AFCON
■ Craven sweats it out for a win
■ FNB on car repossessions
■ MPs donate to rural schools
■ U.S Ambassador reacts to editorial
■ New Amendment Bill and Future of Labour Hir...
■ PRÉ-vue [discourse’s-analysis] TRI-vium - D...
■ So comrades, the dam wall has burst

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