Investment In Brief

Investment

- The troubled Namibian Broadcasting Corporation (NBC) had accumulated losses of N$170,6 million and a showed a deficit of N$38 million for the financial year which ended in March 2008, while penalties for not paying income tax deducted from employees to the Receiver of Revenue run into millions.

The NBC faces various court cases and has been sued for altogether N$100,4 million by different people and companies, but has not made any provisions for that sum.

- Fast-food giant McDonald's is paying Fifa 'millions of rands' for the massive television coverage it will receive as a sponsor of the World Cup.

- After 2 weeks of web training for 5 employees and to mark its tenth anniversary, Radio Ndeke Luka launches a new version of its website. Radio Ndeke Luka is a general information radio of the Hirondelle Foundation in Central African Republic (CAR).

- Relief items worth UShs200 million collected by Nation Media Group (NMG) were last weeky handed over to Uganda Red Cross to help Bududa landslide survivors. NMG which was represented by Monitor Publications Ltd, NTV, The East African and partnering companies, took the items to Bulucheke camp, where the landslide survivors are living.