info_e12wt4cs – Page 181

03 Oct

MVA Fund opens a service centre at Katima Mulilo

info_e12wt4csNational News

Stefanus Nashama The Motor Vehicle Accident Fund (MVA) inaugurated a new service centre in Katima Mulilo. The new facility was constructed at a cost of approximately N$11 million. On Thursday, Jane Iikela, a senior corporate communications practitioner at the MVA, explained that the service centre offers claims queries, submissions, and hospital case management visits to injured patients in the hospital. The MVA also operates the Divundu Emergency Medical Response Base, located between Rundu and Katima Mulilo, which provides emergency medical response services between the two towns. The centre was inaugurated last week by deputy prime minister and minister of works…

03 Oct

Toini Muteka appointed as executive officer for human capital at Bank Windhoek

info_e12wt4csObserver MoneyBaronice Hans

Niël Terblanché Bank Windhoek has announced the appointment of Toini Muteka as the bank’s new Executive Officer for Human Capital. The appointment is effective from 1 October. The announcement was made by Bank Windhoek’s Managing Director, Baronice Hans, who stressed Muteka’s wealth of experience and leadership capabilities, which are expected to significantly bolster the bank's human capital strategies. “In her new role, Muteka will be tasked with developing and executing human resource strategies that align with Bank Windhoek’s broader business objectives,” Hans said. According to Hans, these strategies will be key to addressing critical areas such as succession planning, talent…

03 Oct

Failing to provide water is a violation of rights to Ndama JP School learners – Venaani

info_e12wt4csNational News

Erasmus Shalihaxwe The Popular Democratic Movement (PDM) president, McHenry Venaani said the government's inability to provide basic water services is a severe violation of the rights of the learners at Ndama Junior Primary School and an impediment to their education. The opposition leader said this on Thursday while reacting to reports that a total of 1 300 learners and 37 staff members have been sent home due to the water crisis for the past four weeks. The school is located in Kavango East, and it is one of four schools in the region that have been affected by the lack…

03 Oct

Genocide negotiations have never been about reparations!!!

info_e12wt4csFeatured, Opinions

Kae Matundu-Tjiparuro It is really not only disappointing but a betrayal as much of the highest order tantamount to high treason. Especially when perpetrated by fellow descendants of the survivors of the Genocide of the Ovaherero and Nama by colonial Germany. Yours Truly Ideologically has been careful not to through any broadside at fellow descendants. Believing other descendants other than him are no less and no more descendants then the next one. Thus what they have been and may have been busy with is as much legitimate and genuine like any other descendant. In Marxist-Leninist terms that their interests and…

03 Oct

Paratus eying African expansion

info_e12wt4csObserver Moneylow earth orbit, Starlink service

CHAMWE KAIRA Paratus Group, which has already launched Starlink services in Botswana, Mozambique and Zambia, is actively working on expanding its low earth orbit (LEO) offerings to more African countries as regulatory environments and satellite coverage permit. Chief Technical Officer, Rolf Mendelsohn, has said the company has launched the fastest express route from Johannesburg to Europe recently. “We have created an east-west African fibre route from Maputo to Swakopmund, we landed the Google subsea Equiano cable in Namibia and have built 4 Tier III by design data centres in Africa,” said Mendelsohn. He added that Paratus is positioning itself to…

03 Oct

Reserves drop to N$59.3 billion

info_e12wt4csObserver MoneyCustomer Foreign Currency (CFC)

CHAMWE KAIRA The Bank of Namibia’s stock of international reserves decreased at the end of August by 2.5% to N$59.3 billion, the central bank announced. The decrease in international reserves was primarily caused by customer foreign currency (CFC) withdrawals. This level of foreign reserves translated into four months of import coverage, exceeding the international benchmark of three months. Notably, the import cover, excluding imports of oil exploration and appraisal activities, stood at 4.8 months at the end of August relative to 4.9 months recorded at the end of July. At the end of August, the annual growth in private sector…

03 Oct

Salt exports average N$59 million

info_e12wt4csObserver MoneyTrade Statistics Bulletin

CHAMWE KAIRA Namibia exported salt valued at N$59 million, mainly exported to Nigeria and South Africa in August, according to the Namibia International Merchandise Trade Statistics Bulletin. The bulletin, which is produced by the Namibia Statistics Agency (NSA), said on the demand side, the country imported salt valued at N$1.4 million, which was primarily sourced from South Africa. Over the entire period (Aug 2023 to Aug 2024), the value of salt exported averaged N$59.9 million, with the largest value recorded in March at N$86.2 million and the lowest value recorded in September 2023 at N$28 million. For August, Namibia’s was…

03 Oct

Green light pending for sulphuric acid facility at Walvis Bay

info_e12wt4csObserver Money

CHAMWE KAIRA The Cooperative Bulk Handling Terminal (Pty) Ltd. (CBHT) has appointed A. Speiser Environmental Consultants (ASEC) to conduct an Environmental Impact Assessment (EIA) for the construction and operation of the sulphuric acid storage and handling facilities at the port of Walvis Bay and the transport of sulphuric acid to the Etango Mine, documents showed this week. CBHT is a subsidiary of Bannerman Investments Namibia (Pty) Ltd. and part of the Bannerman Energy Ltd. Group of Companies. CBHT) was awarded an area within the port of Walvis Bay for its sulphuric acid storage and handling facility. The company manages the…

03 Oct

NBL’s beverage categories grow

info_e12wt4csObserver MoneyHeineken South Africa

CHAMWE KAIRA In the condensed consolidated interim financial results for the period ended 30 June, Namibia Breweries Limited (NBL) said over the period, the company delivered well on its strategy for the Heineken transaction, as the company’s diverse portfolio experienced volume growth in all beverage categories. At the same time, NBL said it continued to manage cash efficiently given high capital expenditures, higher debt levels, and challenging market conditions. In the coming six months, Namibia Breweries Limited (NBL) plans to continue optimising the combined brands, infrastructure and people. According to the company, synergies will further boost margins and balance the…

03 Oct

Bank Windhoek gets stable outlook rating

info_e12wt4csObserver MoneyBank Windhoek Limited, Capricorn Group Limited, GCR Ratings

CHAMWE KAIRA GCR Ratings (GCR) has affirmed Bank Windhoek Limited’s Namibian long and short-term national scale issuer ratings AA(NA)/ A1+(NA) respectively, GCR has announced. At the same time, the South African long-term issuer rating has been affirmed at A(ZA). The rating outlooks remain stable. GCR has also confirmed Capricorn Group Limited's Namibian long- and short-term national scale issuer ratings AA-(NA)/A1+(NA), respectively, with a stable outlook. The ratings of Bank Windhoek Limited reflect the strengths and weaknesses of Capricorn Group Limited. The group views the bank as its core operating subsidiary, accounting for a larger portion of its total assets and…