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New Era Newspaper Thursday March 1, 2018

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New Era Newspaper Thursday March 1,

Vol. 23 No. 123 Windhoek Namibia Thursday, March 1 2018 SME Bank minority shareholders issue fresh challenge Deputy Judge President Hosea Angula Inside today Squatters ordered to vacate municipal land Ten home owners who have illegally occupied m u n i c i p a l l a n d i n Otjomuise were ordered by the Windhoek Magistrate’s Court to vacate the property following an application by the City of Windhoek. Page 3 BoN projects positive local economic growth Namibia’s economic growth rate, estimated at -0,6 percent in 2017, is expected to gradually improve to 1,4 percent and 2,1 percent in 2018 and 2019, respectively. Page 9 NPL still embarrassingly failing at basics For almost 29 years of its existence, the Namibia Premier League (NPL) is sadly, or rather embarrassingly, still failing to get the basics of smooth football administration right. It recently came to the attention of New Era Sport that some, if not referees in the country’s Page 24 Mbumba elected as Unam chancellor Albertina Nakale Windhoek Roland Routh Windhoek The University of Namibia (Unam) Council has elected newly-appointed Vice-President Nangolo Mbumba as its third chancellor since its establishment. Mbumba replaces former whose term as chancellor came to an end in November 2017. Pohamba and the first chancellor, former president Sam Nujoma, both served two terms during their tenure. Unam spokesperson Simon Namesho yesterday said the chancellor will take place on a date to be announced in due course. On a visit to State House early last year, Pohamba, who was accompanied by members of Unam’s management team, informed President Hage Geingob of his intention to step down. Pohamba became chancellor of Unam in 2011. The minority shareholders in the liquidated SME Bank have launched an urgent application in the Windhoek High Court to rescind an order by Deputy Judge President Hosea Angula allowing liquidators DJ Bruni MBUMBA on page 2 Vice-President Nangolo Mbumba Lean… Some farmers owing Agribank said due to droughts, their farms have not been commercially productive to help them raise enough money. Agribank defaulters turn to Geingob Kuzeeko Tjitemisa Windhoek and Ian McLaren to pay out deposits and institute legal proceedings in courts locally and internationally to recover the bank’s lost millions. Windhoek High Court Judge Thomas Masuku set down the hearing for March 19 for arguments on the matter, including the urgency. Panic-stricken black commercial farmers, who reportedly owe Agribank a combined N0 million in unpaid debts, have approached President Hage Geingob to help stop looming repossessions of their farms by the state-owned bank. B r u n i a n d M c L a r e n approached the High Court on February 2 this year on an exparte application to expand their powers to include authorisation to approach any court locally, in South Africa, Zimbabwe and internationally as the liquidators of the SME Bank for the recovery of all immovable or Agribank last week said it is owned monies in excess of about N0 million. Farmers who spoke to New Era yesterday on condition of anonymity Geingob but said the president referred them to Finance Minister Calle Schlettwein, with whom they said they had two meetings. AGRIBANK on page 2 movable properties and funds in bank accounts which are or were the property of the SME Bank. An ex-parte application is when an entity approaches a court without having to notify an opposing party about it. They were also granted the powers to institute and proceed Investigating silent shareholding hard for ACC Eveline de Klerk Swakopmund SME BANK on page 2 Photo: Nampa Some investigations that have targeted some local authority councillors implicated in dodgy deals have proven to be a huge challenge for the Anti-Corruption Commission (ACC) because those implicated are silent partners in companies that get lucrative tenders from local authorities, bemoaned the ACC. resources departments involved in questionable recruitment practices and deals pertaining to land. ACC investigator Frieda Kanyamo said the graft-busting link local authority councillors implicated in dodgy deals to companies in which they are silent partners because of the shadowy stakeholder list of such companies. ACC on page 2

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