Wednesday, August 26, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Companies Finance

MVA pays out N$25m in claims in eight months

by editor
September 14, 2023
in Finance
7
A A

The Motor Vehicles Accident Fund (MVA) has, so far, paid N$25 million for 1552 personal accident claims between January and August this year.

MVA Chief Executive Officer, Rosalia Martins-Hausiku, on Thursday, said claims vary depending on injuries sustained, with a maximum payout of N$100,000 for severe injuries.

“On average, we pay about N$50,000 to N$60,000. In terms of medical services, we spend around N$200 million per annum, of which hospitals accounts for about 45-50%, followed by specialists,” Martins-Hausiku said.

She revealed that, in 2022, the fund had paid N$62 million for 2582 claims and N$71 million for 2741 claims in 2021.

In terms of fatalities, 264 have been recorded thus far in 2023, 466 in 2022, and 550 fatalities in 2021.

“The amount paid so far for 2023 may increase as we progress towards the end of the year because some people are still coming to claim since there is a 12-month grace period,” the MVA Fund CEO said.

“Overall, as it stands, we have seen lower accident cases, injuries, and fatalities, thus we are hopeful considering that the most accident-prone months of June, July, and August have passed. We may see a surge during the festive season; however, we shall be working hard again to make sure we record fewer cases.”

In terms of responsiveness, Martins-Haufiku said the fund is  engaged in a partnership with private ambulance service providers, while the fund does not necessarily decide where to admit accident-injured persons, such decisions are made by first responder paramedics after determining the injuries.

“On our part, we rely on medical recommendations on where they feel the patient should be transferred. Some have complained about why some are admitted in Katutura while others are at private hospitals,” she said.

The MVA provides aftercare medical expenses of up to N$1.5 million until the patient recovers or depletes the amount.

The MVA Fund is a government entity mandated to design, promote, and implement crash and injury prevention measures in the country.

 

author avatar
editor
See Full Bio
Previous Post

Trade ministry gears up for informal economy policy consultations

Next Post

Andrada commissions lithium pilot plant

Must Read

Momentum Metropolitan unveils rooftop solar project at Windhoek HQ
Finance

Momentum Metropolitan Namibia named Group’s top Africa life company for third year

August 21, 2026
Professional headshot of a smiling man in a dark suit and white shirt against a light background.
Finance

RMB Namibia appoints Tim von Hase as Head of Trade and Treasury Solutions

August 17, 2026
Professional portrait of a man in a blue blazer and white shirt, smiling slightly, facing the camera against a neutral textured background.
Finance

Standard Bank Namibia appoints Jerome Namaseb as Personal & Private Banking Executive

August 17, 2026
Standard Bank posts N$556.9m six-month profit, up 10%
Finance

SBN Holdings profit rises 4.1% to N$580m in six months

August 14, 2026
Man in a dark suit and glasses gives a speech at a wooden podium with a microphone and tablet in front, Bank of Namibia backdrop behind him.
Finance

Namibia’s capital outflows drop N$8bn as interest rate gap narrows

August 14, 2026
Indoor Standard Bank lobby with a blue-lit ATM on the left and a service desk visible in the background.
Finance

Standard Bank ATMs to show foreign visitors cost of Namibia dollar withdrawals in home currency

August 14, 2026
Load More

Related News

Standard Bank trains NAMPOL officers to tackle digital fraud

Standard Bank trains NAMPOL officers to tackle digital fraud

November 20, 2025
Everyone thinks they can communicate—until it’s their job

Everyone thinks they can communicate—until it’s their job

April 20, 2025
Kombat Mine moves towards commercial production

Kombat Mine moves towards commercial production

July 8, 2022

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.