
Pupils at Cocoma Primary School in the Kavango East region are sleeping on mattresses on the floor due to severe accommodation shortages, according to parents. Videos and pictures show pupils sleeping on mattresses in the sand. The school, located in Kakekete village, lacks proper flooring despite donations. The current hostel structure accommodates hundreds of pupils with only five mattresses. Erastus Haitengela, executive director for the Ministry of Education, Innovation, Youth, Sport, Arts and Culture, stated that construction for a proper hostel is expected to begin soon, with a contract signed last week. However, sources suggest the ministry previously indicated the school did not qualify for a hostel. Shipapo Kayunde, a parent, described the sleeping conditions as disturbing and called for government action. The school, established in the 1970s, serves 260 vulnerable and marginalized pupils from the San community. Community activist Frans Moyo criticized the government's failure to provide adequate accommodation. Education director Christine Shilima acknowledged the challenges but stated no measures are being taken due to a lack of allocated funds from the head office.
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This summary was AI-generated from a story originally published by The Namibian.
Must ReadPresident Netumbo Nandi-Ndaitwah advocated for enhanced cooperation in clean energy, uranium value addition, and technology transfer with China during her state visit. On Tuesday, she visited the China General Nuclear Power Corporation CGN in Shenzhen, accompanied by first gentlemen Denga Ndaitwah and the Namibian delegation. CGN, a major Chinese nuclear power company, focuses on low-carbon electricity generation. President Nandi-Ndaitwah highlighted Namibia's role as a leading uranium producer, emphasizing the opportunity to move beyond raw material export. She stated that Namibia is well-positioned to deepen cooperation with partners like CGN, focusing on value addition, technology transfer, skills development, and sustainable resource utilization for the benefit of Namibians. The Presidency noted Namibia's desire for partnerships that contribute to industrialization, job creation, and equipping Namibians with skills for the global clean energy value chain. The visit underscores Namibia and China's shared commitment to deepening bilateral cooperation and exploring new opportunities in clean energy, innovation, industrialization, and sustainable economic development. This engagement is part of President Nandi-Ndaitwah’s state visit to China, aimed at expanding cooperation in trade, investment, infrastructure, and energy.

Letshego Namibia's share price has decreased over the past year, despite the company distributing substantial dividends to its shareholders. The stock closed unchanged at N$5.55, but has fallen by 14.75% over the last year, making it one of the less performing financial services shares on the Namibia Securities Exchange NSX. Letshego currently has over 6,500 shareholders and a market capitalization of N$3.2 billion. For the 2025 financial year, Letshego Holdings Namibia paid out a total of N$454.5 million in ordinary dividends. This included an interim ordinary dividend of 47.02 cents per share N$235.1 million paid in November 2025, and a final ordinary dividend of 43.88 cents per share N$219.4 million for the 2024 financial year, paid in June 2025. Additionally, a final ordinary dividend of 54.14 cents per share N$271 million for the 2025 financial year was payable to shareholders on April 24. The group also paid a preference share coupon dividend of N$13.4 million during the 2025 financial year.

The Financial Intelligence Centre FIC has issued 342 administrative sanctions and N$19.91 million in penalties, marking a 1,300% increase in anti-money laundering compliance failures compared to the previous year's 25 sanctions. The FIC's 2025 annual report indicates that these penalties were imposed on institutions for failing to comply with the Financial Intelligence Act and the Prevention and Combating of Terrorist and Proliferation Activities Act. This significant rise in sanctions reflects increased supervisory activity and more stringent enforcement against repeat non-compliance. Sanctions were applied to various institutions, including banks, legal practitioners, property agents, trust and company service providers, and casinos. Compliance failures included not conducting enhanced due diligence on high-risk clients, failing to identify beneficial owners, and not reporting suspicious or large cash transactions. Other issues involved inadequate monitoring systems and failure to screen clients against United Nations Security Council sanctions lists. Some businesses faced operational suspensions due to serious breaches of anti-money laundering obligations, specifically weaknesses in enhanced due diligence, controls for politically and prominently influential persons, suspicious activity reporting, electronic funds transfer reporting, staff training, independent compliance reviews, risk management systems, and beneficial ownership requirements. The FIC's analysis also revea