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Namibia: NIPDB pays N$700 000 settlement to former head of investment facilitation – News

Namibia: NIPDB pays N0 000 settlement to former head of investment facilitation – News

Africa Links 24 with Timo Shihepo
Published on 2024-09-23 17:00:00

The Namibia Investment Promotion and Development Board (NIPDB) has ‘quietly’ paid out an alleged N$700 000 settlement to its former head of investment facilitation.

The payment was made as part of a confidential settlement agreement reached after a Labour Court arbitration proceeding.

The employee, Bonaventura Hinda, filed a claim of constructive dismissal against the NIPDB in 2023.

The matter appeared for arbitration proceedings the week of 12 to 16 August, alleging that the…

Read the Full article on The Namibian

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