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New Era Newspaper Friday October 20, 2017

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New Era Newspaper Friday October 20,

Vol. 23 No. 037 Windhoek, Namibia Friday, October 20 2017 ‘Overcommitted’ NSFAF promises students N$200 million Maria Amakali Windhoek The Namibia Financial Student Assistance Fund (NSFAF) yesterday promised to release more than N$200 million to pay outstanding student loan fees, following a mass demonstration by aggrieved students on Wednesday. NSFAF on page 2 Inside Today Zambia transit volumes along WB Corridor reach 40,000 tonnes Despite about 400 trucks being impounded in Zambia earlier this year, transit volumes for goods to and from Zambia have reached a new high of more than 40,000 tonnes for September 2017. Page 3 Katiti wins IPM awards as CEO of the Year Augustinus Katiti, the CEO of the Namibia Institute of Pathology, has received the 2017 Institute of People Management CEO of the Year award. The glamorous award ceremony took place at Hilton Hotel, ending the seventh Annual IPM Conference with its Excellence Gala dinner awards. Page 13 Deal struck… From left, Nanso representative Kanepolo Amunime, Olavi Hamwele of NSFAF and Shocki Kandjimi following negotiations at the NSFAF headquarters yesterday. Photo: Emmency Nuukala Final judgement on SME Bank liquidation in November Roland Routh Windhoek Windhoek High Court Judge Hannelie Prinsloo yesterday said she would endeavour to deliver her judgement on the final winding up of the Small and Medium Enterprises Bank (SME Bank) in November, after hearing extensive arguments from lawyers fighting the closure of the embattled bank in court. The SME Bank, which is 65 percent owned by the Namibian government, 30 percent by Zimbabwe’s Metropolitan Bank, and 5 percent by Zimbabwean businessman Russian accused of rape ‘too ill’ for court Panic attack… Police officers assist rape suspect Alexander Krylov, a Russian national employed as a marine pilot by NamPort, out of Walvis Bay Magistrate’s Court yesterday after he apparently fell ill at the start of court proceedings. Krylov (left) faces multiple charges of statutory rape and human trafficking over the reported sexual exploitation of minor girls at the harbour town. See page 5. Photo: Eveline de Klerk Food arrives in Omusati, learners go back to hostel Nuusita Ashipala Ongwediva The education directorate in Omusati Region has recalled learners from nine of its schools after they were released earlier this week because of a shortage of food at the hostels. Acting director in Omusati Region Shali Kankondi said the catering company started distributing food from Wednesday and is expected to complete the distribution today [Friday]. Kankondi said the schools have already been notified, adding that schools were instructed only to recall learners once the food has arrived. Enock Kamushinda, finds itself under liquidation after it made questionable investments involving nearly N$200 million – money which has not been recovered – and had not FOOD on page 2 Putting up a fight… Sisa Namandje and South African advocate Anthony Bishop with representatives of the minority shareholder in the now under-liquidation SME Bank. Photo: Emmency Nuukala paid back any returns when they became due this year. SME BANK on page 2 New Era Newspaper @NewEraNewspaper #NewEraNewspaper • •

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