Observer – Page 145 – Windhoek Observer

01 Dec

Shilimela advises entrepreneurs to avoid get-rich-quick schemes

ObserverNational News

Martin Endjala Retired businessman Banda Shilimela offered valuable advice to entrepreneurs during the recent Good Business Awards event in Windhoek, emphasizing the importance of consistency and perseverance in building a successful business. Shilimela discouraged entrepreneurs from pursuing the dubious get-rich-quick schemes often promoted by social media influencers. Instead, he stressed the need for a strong work ethic and a commitment to consistency. He shared his journey, which included failures and mistakes, but his unwavering determination and consistency eventually led to success. The Good Business Awards event, hosted by the Development Bank of Namibia to celebrate and honour local businesspeople, provided…

01 Dec

Namibia takes another giant leap towards becoming a regional logistics hub

ObserverNational NewsNamibia takes another giant leap towards becoming a regional logistics hub

Niël Terblanché The maiden export of Namibian and South African grown table grapes from the Walvis Bay harbour, marked a significant milestone in Namibia’s pursuit of becoming a regional logistics hub.The event on Wednesday signalled Namibia’s commitment to economic development and poverty alleviation in the region.During the event, the Chief Executive Officer (CEO) of the Namibian Ports Authority (Namport), Andrew Kanime, stressed the importance of extending the company’s focus and market beyond Namibia’s borders to landlocked neighbouring nations.He stated that Namibia had set a courageous goal of becoming the logistics hub for the region as part of its overarching intent…

01 Dec

Swapo MP sounds alarm on multiple challenges facing aquaculture industry

ObserverNational NewsSwapo MP sounds alarm on multiple challenges facing aquaculture industry

Hertta-Maria Amutenja A recent report presented by Swapo’s Member of Parliament in the National Council, Hilaria Mukapuli, on the Parliamentary Standing Committee on Natural Resources shed light on critical issues faced by aquaculture projects in various regions of Namibia. According to Mukapuli, the oversight visits conducted between seven and 15 May 2023, revealed challenges that, if not addressed, could significantly enhance the nation’s fish farming capabilities. She said one major hurdle identified is the seasonal nature of fish production due to the lack of greenhouse roofing. The absence of this essential infrastructure restricts farms from operating at full capacity throughout…

01 Dec

NamLITS and stock brand awareness campaign ends today despite overwhelming response

ObserverNational NewsNamLITS and stock brand awareness campaign ends today despite overwhelming response

Niël Terblanché Although the awareness campaign for stock brands and the Namibia Livestock Identification and Traceability System (NamLITS) has exceeded expectations in updating livestock keeper information and stock brands on the relevant databases, it is coming to a close today. An overwhelming response from farmers by the end of October this year led to a two-month extension of the campaign. However, the Ministry of Agriculture, Water and Land Reform has announced that stock brands not verified by today’s deadline will risk suspension. The Ministry of Agriculture, Water, and Land Reform (MAWLR), in collaboration with the Meat Board of Namibia, initiated…

01 Dec

“NBC needs to figure out a sustainable funding model” – Mathe

ObserverNational News“NBC needs to figure out a sustainable funding model” - Mathe

Erasmus Shalihaxwe The Ministry of Information, Communication and Technology’s Executive Director, Audrin Mathe, stated that the current method of revenue collection employed by the Namibia Broadcasting Corporation (NBC), is not profitable nor sustainable and that the state-owned entity needs to find a solution. Mathe was responding to questions from the Parliamentary Standing Committee on Human Resources and Community Development about the NBC strike this week in Windhoek. In 2021, about 600 NBC employees went on a nationwide strike demanding an 8 percent salary increment and for all workers employed on a contractual basis to be employed on a full-time basis.…

01 Dec

EU Funds N$11 million civic project to boost democracy

ObserverNational News

Stefanus Nashama The European Union (EU), in collaboration with the Namibian Institute for Democracy (NID) and Hanns Seidel Foundation Namibia (HSF), has allocated N$11 million in funding for a new democracy-boosting project. The “Namibia Needs Me Project,” abbreviated as the NNM Project, is designed to enhance democratic participation. Launched at the House of Democracy this week, the project was initiated by NID and HSF in September of this year and will continue until May 2026. Naita Hishoono, Director of NID, explained that the NNM Project’s primary objective is to raise awareness of the practical application of civic rights and responsibilities,…

01 Dec

Vivo Energy re-opens Southgate Shell service station

ObserverNational NewsVivo Energy re-opens Southgate Shell service station

Martin Endjala Vivo Energy Namibia’s Chief Executive Officer, Stan Mittelman, has announced the company’s commitment to growth through expanding its geographical operations across the country. This expansion has been marked by the recent reopening of the Southgate Shell service station in the Triple-J area of Windhoek. The revamped service station now offers a diverse range of services, including well-known retail outlets such as KFC, FreshStop, Seattle Coffee, and many others. Mittelman has designated this service station as Vivo Energy Namibia’s flagship in the capital. “This project is quite iconic of what we are trying to do at Vivo. Two years…

01 Dec

BoN concerned about banking fees, charges

ObserverObserver Money

This week, Kazembire Zemburuka, Director of Strategic Communications and International Relations at the Bank of Namibia addresses the current hot topic were commercial banks have been accused of making super profits and having high bank charges. Observer Money (OM): In terms of the most talked about banks in Namibia being accused of makingexcessive profits, how do the profit margins in Namibia compare to other countries in SACU, SADC and Africa in general? Kazembire Zemburuka (KZ): OM: Members of Parliament both ruling and opposition support the view that bank charges in Namibia are high, does BoN think this view is based…

01 Dec

Green Hydrogen priorities identified

ObserverObserver Money

Chamwe Kaira The government has outlined key sectors for emphasis within its “Green Industrialisation” framework. James Mnyupe, the Presidential Economic Advisor, revealed this week that the focus areas for green hydrogen development include renewable energy, hardware manufacturing, natural resource valorization, clean energy utilisation, and derivatives of green hydrogen. Within the manufacturing realm, Mnyupe highlighted opportunities in solar panel manufacturing, copper cable manufacturing, electrolyser manufacturing, and wind turbine manufacturing. He also touched upon battery materials processing and rare-earth element processing. Mnyupe discussed the potential of the blue economy and food processing, emphasising the need for further exploration in seaweed farming and…

01 Dec

Country Club to pay N$20 million dividend

ObserverObserver Money

Chamwe Kaira The Windhoek Country Club and Casino is expected to pay a N$20 million dividend cheque to the Ministry of Finance and Public Enterprises next week. “We all know that the last years have been challenging for the hospitality industry and we are gratefully noticing the steady improvement in our circumstances since last year. It is therefore a great pleasure to be able to hand over an amount of N$20 million to the Ministry of Finance and Public Enterprises,” said, Tony Boucher, general manager of the WCCR. The dividend cheque handover to the Minister of Finance and Public Enterprises,…