The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

NBC is technically insolvent: Public Accounts Committee

NBC is technically insolvent: Public Accounts Committee

Written by Edward Mumbuu Jnr on 20 August 2019.

WINDHOEK, 20 AUG (NAMPA) – Technically insolvent Namibian Broadcasting Corporation (NBC) needs N.dollars 313.2 million and N.dollars 4 million from the State purse to pay its outstanding liability in the form of post-medical aid benefits and severance pay to its employees, respectively.
The corporation’s current liabilities stand at N.dollars 270 million.
The near-bankrupt State broadcaster has its eyes fixed on the government for capitalisation or recapitalisation, in order to get out of the current finan ...


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