info_e12wt4cs – Page 186

26 Sep

IPPR calls on Samherji to drop charges against visual artist

info_e12wt4csNational News

Ester Mbathera The Institute for Public Policy Research (IPPR) has signed a petition calling for the Icelandic fishing giant Samherji to drop its punitive legal action against an Icelandic visual artist. The IPPR’s executive director, Graham Hopwood on Thursday criticised Samherji’s actions of pursuing legal cases against Oddur Eysteinn Friðriksson, who goes by the artist name ODEE. The case, being heard in the High Court in London on 25 and 26 September 2024, is expected to cost ODEE legal fees of over £500,000 (N$11.5 million). “Samherji should focus their minds on paying damages to Namibia for the harm caused by…

26 Sep

IPC pledges to combat unemployment crisis

info_e12wt4csNational Newsemployment statistics, Unemployment

Stefanus Nashama The Independent Patriots for Change (IPC) has unveiled its plan to tackle the country's high unemployment rate, which the party blames on the Swapo. IPC spokesperson Immanuel Nashinge, in a statement released on Wednesday, said unemployment remains one of the ruling party's most significant shortcomings over the past 34 years. He said IPC is committed to reversing the trend. “Unemployment remains one of the most significant failures of the ruling party over the last 34 years. IPC's largest focus is to change that. We’ve done our research,” he said. IPC’'s election manifesto has prioritised the fight against unemployment.…

26 Sep

Festival in Karibib aimed at driving economic development

info_e12wt4csNational News

Niël Terblanché The Amalgamated Rotation Annual Festival (ARAF) has kicked off in Karibib, marking the start of the second edition of the joint trade expo created by the towns of Omaruru, Karibib, and Usakos. ARAF was established in 2022 under the framework of the Omaruru, Karibib, and Usakos Local Authority Corporation (OKULAC) to promote collaboration, resource-sharing, and economic growth in the three towns. This year’s edition, themed “Bigger, Better, Broader”, promises to exceed expectations with a wide range of activities aimed at fostering market expansion and economic integration within the region. Valentinus Sindongo, the chairperson of OKULAC, announced that Usakos…

26 Sep

Namibian magistrates call for unity of purpose

info_e12wt4csNational News

Niël Terblanché The 2024 Annual Magistrates’ Conference concluded on Wednesday with a call for unity and reform within Namibia's judicial system. Deputy Chief Magistrate, Kandiwapa Nembia while delivering closing remarks in Swakopmund, stressed the importance of improved collaboration between magistrates. This year's conference, themed “Fostering a Unified Magistracy,” brought together magistrates from across Namibia to discuss ways to improve service delivery, address regional challenges, and ensure uniformity in court proceedings. At the start of the conference, Chief Justice Peter Shivute said a unified magistracy is vital for maintaining public trust in the judicial system. "When the public sees that our…

26 Sep

Accessible legal aid is vital for the administration of justice

info_e12wt4csNational News

Niël Terblanché Namibia’s Minister of Justice, Yvonne Dausab, stressed the essential role of legal representation in the justice system during a regional workshop on legal aid services in Windhoek. At the official opening of the workshop on Wednesday, Dausab stated that access to legal representation is not only a constitutional right but a reflection of society's moral values. The event, co-hosted by the Ministry of Justice and the United Nations Office on Drugs and Crime (UNODC), brought together legal experts, policymakers, and civil society representatives from across Southern Africa to discuss challenges in ensuring equal access to justice. Dausab revealed…

26 Sep

Lüderitz secures N$65 000 for greenhouse projects

info_e12wt4csNational NewsDutch Project Quality Consulting Services

Martin Endjala On Thursday, the Lüderitz Town Council secured N$65 000 from the Dutch Project Quality Consulting Services company to continue the greenhouse projects at the Lüderitz Senior Secondary and Angra Pequena Senior Secondary School. In an interview with the Windhoek Observer on Thursday, the mayor, Phillippus Balhao, said the project was started last year by the previous mayor. The project kicked off with funds from the First National Bank (FNB). “I am very excited to see these projects finally going ahead. Thanks to the support we received this morning from a company, we will now carry on the work…

26 Sep

NAMFISA records income of N$279 million for 2024

info_e12wt4csObserver Money

Martin Endjala For the year ended 31 March 2024, the Namibia Financial Institutions Supervisory Authority’s (NAMFISA) total income stood at N$279.5 million while the agency’s total expenditures were N$254.7 million. Other comprehensive income amounted to N$12.8 million, resulting in a total surplus of N$37.7 million, compared with a budgeted deficit of N$16.6 million. Kenneth Matomola, the agency's chief executive officer, announced these figures while he launched its 2024 Annual Report on Thursday in Windhoek. “As of 31 March 2024, the Group’s total assets increased by N$34.4 million (11.3%) to N$339 million. This increase is attributable to an increase of N$25.1…

26 Sep

It is incumbent on youth to bring revolution back on track

info_e12wt4csOpinions

Kae Matundu-Tjiparuro YOURS Truly Ideologically has not been closely observing the happenings on the local political front just and only lately but has been fond, patriotically so been doing over the years . Going back to the pre-revolution era. Till this day. At a loss how to term and define this era. Is it post-revolution, or are we still on the revolutionary journey and what revolution can we be talking about? With elections due in exactly two months today, this question becomes all not only all the more important and relevant but crucial. Especially in view of the fact that…

26 Sep

Choppies revenue reach N$805m

info_e12wt4csFeatured, Observer MoneyChoppies Supermarkets Namibia (Pty) Limited

CHAMWE KAIRA Choppies Supermarkets Namibia (Pty) Limited recorded revenue of Botswana Pula (BWP) 613 million (N$805 million) in the financial year ended 30 June 2024, the company announced. The company is a retailer of fast-moving consumer goods, operating shops around Namibia, Botswana, Zambia and Zimbabwe. Retail sales totaled BWP 612 million, while gross profit totaled BWP 100 million, according to Choppies. In Namibia, the company has assets worth BWP 271 million and liabilities worth BWP 220 million. The company disclosed that Choppies Enterprises Limited has issued guarantees for Choppies Supermarkets Namibia (Pty) Limited valued at BWP 36 million. Choppies Enterprises…

26 Sep

Capricorn bosses benefit from shares

info_e12wt4csObserver MoneyCapricorn Group Limited

CHAMWE KAIRA The Capricorn Group has announced several dealings in securities by several of its directors in a statement issued on the Namibian Stock Exchange (NSX). The announcement marked the culmination of a two-year journey for the directors, as their share awards under the conditional share plan finally vested. According to the NSX notice, Marthinus Johannes Prinsloo, a director of Capricorn Group Limited, exercised his vested shares awarded under the conditional share plan. On 2 September 2022, he had been granted 48 967 shares. Now, with the passing of two years, those shares were ready to be exercised. With the…