info_e12wt4cs – Page 193

19 Sep

‘Intensive agriculture is the way to go’ – Schlettwein

info_e12wt4csNational NewsAgricultural Global Value Chains for Inclusive Development, Global Value Chain

Martin Endjala Water, agriculture, and land reform minister, Carl Schlettwein believes that intensive agriculture is the way forward. According to Schlettwein, there is a need for a policy shift from over-reliance on rain-fed agriculture to de-risking the sector to protect against climate change and to improve variety. He made these remarks on Thursday in Windhoek, during the 25th Annual Symposium of the Bank of Namibia, themed “Agricultural Global Value Chains for Inclusive Development: How can Namibia position its Agricultural Sector?” “Global Value Chain related trade, rather than conventional trade, has a positive impact on investment, productivity, income per capita, and…

19 Sep

NCS FC case against NFA dismissed

info_e12wt4csSportsNamibia Football Association, Namibian Correctional Service Football Club

Erasmus Shalihaxwe The Namibian Correctional Service Football Club (NCS FC) has lost its legal battle against the Namibia Football Association (NFA). The club had challenged its disqualification from participating in the Namibia Premier League (NPL) following its promotion from the Southern Stream First Division. The 2024/2025 season saw NCS FC competing in the premier league. However, their participation was blocked because Khomas Nampol, another club owned by the safety and security ministry, is already part of the league. The NFA rules and regulations prohibit two clubs with the same owner from competing in the same league. After hearing arguments from…

19 Sep

ON TU QUOQUE & AD HOMINEM FALLACIES VS RHETORICAL ANALYSIS OF MANIFESTOS

info_e12wt4csOpinionsPanduleni Itula, Patriots for Change (IPC)

Paul Shipale A report that appeared on Thursday, 12 September 2024, in the Windhoek Observer online, titled; “Itula takes shots at SWAPO”, said that “the leader of the Independent Patriots for Change (IPC), Panduleni Itula, has launched a scathing attack on the ruling SWAPO party, accusing it of failing to meet its promises and perpetuating a culture of corruption and mismanagement”. “He also took shots at the governing party’s electoral process,” the reporter added. According to the report, Itula made these remarks during his party’s first electoral convention in Windhoek on Thursday and he was heard saying “the moral betrayal…

19 Sep

Bank Windhoek invests N$400m in digital services

info_e12wt4csObserver MoneyCapricorn Private Wealth, Corporate Institutional Banking, James Chapman, Selekt Platinum

CHAMWE KAIRA The branch will remain an integral part of Bank Windhoek’s business, Bank Windhoek's Executive Officer of Retail Banking Services and Specialist Finance, James Chapman has said. The branches remain important for clients who come for financial advice and other commercial services. Over the last three years, Bank Windhoek has invested N$400m in digital platforms and Chapman said the bank will continue to invest in data and digital services in the future. He told Observer Money that when the bank embarked on the digital journey, its view was not that the branch will become obsolete. Chapman said transactions services…

19 Sep

Roaming deals eyed with SADC members

info_e12wt4csObserver MoneyBotswana Communications Regulatory Authority, Communications Regulatory Authority of Namibia

The Ministry of Information and Communication Technology has announced that Namibia and Botswana have agreed to reduce roaming charges, with cuts of up to over 60% starting in August 2024. The new rates will lower costs for calls, SMS and data, with reductions reaching up to 94% for data and 89% for calls. The Communications Regulatory Authority of Namibia (CRAN) and Botswana Communications Regulatory Authority (BOCRA) have told Telecom Namibia (TN Mobile) and Mobile Telecommunications Company (MTC) and Botswana Telecommunications Corporation Limited (BTC), Mascom Wireless Botswana (Mascom) and Orange Botswana (Orange) to slash roaming prices. Observer Money asked Shoki Kandjimi,…

19 Sep

Hyphen targeting to supply excess electricity to grid

info_e12wt4csEnergy, Observer MoneyENERTRAG SE, Hyphen Hydrogen Energy, Nicholas Holdings Limited

Hyphen Hydrogen Energy, the green hydrogen development company has been awarded the rights from the government following a competitive tender process, to develop Namibia’s first gigawatt scale green hydrogen project. Hyphen is a joint venture between controlling shareholder ENERTRAG SE and Nicholas Holdings Limited. This week, Hyphen Hydrogen Energy informed Windhoek Money that the Hyphen’s project is being developed as the first step in the implementation of the government’s strategy for the development of a large-scale green hydrogen industry in various regions in Namibia to support both economic growth in Namibia and assist the world in achieving its decarbonisation goals.…

19 Sep

NBL profit to drop by 90%

info_e12wt4csObserver MoneyHeineken South Africa, Namibian Stock Exchange

CHAMWE KAIRA Namibia Breweries Limited expects profit after tax and basic earnings per share are expected to decrease by more than 90% for the twelve months ended 30 June 2024. The company said in a trading statement that the decrease is attributable to the once-off extraordinary gains related to the profit realised on the sale of the shares held in Heineken South Africa (RF) Proprietary Limited in the comparative year. Namibia Breweries said headline earnings per share from continuing operations for the twelve months ended 30 June 2024 are expected to decrease by less than 5% compared to the comparative…

19 Sep

Namibia becoming major oil and gas player

info_e12wt4csObserver MoneyGalp, Graff and Jonker fields, Shell and TotalEnergies

Namibia’s upstream oil and gas sector has become a focus of intense interest in recent years. The Orange Basin, off the country’s west coast, captured the energy sector’s imagination in 2022, when Shell and TotalEnergies announced the discovery of light oil and natural gas there, in the Graff and Jonker fields. In 2023, Galp joined the party, announcing their Mopane discovery, and enthusiasm soared. Until now, the Namibian upstream has been focused on exploration, and the country has yet to achieve any commercial production. However, the giant discoveries made since 2022 have changed the game and made Namibia a global…

19 Sep

Oceana’s hit by lower horse mackerel sales

info_e12wt4csObserver MoneyCommercial Cold Storage Logistics Group Limited, Wild Caught Seafood

CHAMWE KAIRA Oceana Group Limited said in results for 11 months ended 25 August 2024 that horse mackerel performance in Namibia was negatively impacted by a combination of lower sales volumes, resulting from decreased catch rates, and weaker market prices. In addition, vessel operating costs rose by 19% due to the lower catch rates impacting cost recovery and higher fuel costs stemming from the use of higher priced intermediate fuel oil for the entire period. The group disposed of its interest in Commercial Cold Storage Logistics Group Limited (CCS) and realised a profit of N$477 million before taxation and N$381…

19 Sep

Oryx expects to reach N$459m revenue

info_e12wt4csObserver MoneyBen Jooste Jooste, Dunes Mall, Oryx Properties

CHAMWE KAIRA Oryx Properties remains optimistic about the country’s growth prospects and the company’s ability to meet its target of achieving a fund size of N$4.5 billion and annual revenue of N$450 million by 2025. The company said despite anticipating short-term challenges, including national elections and global economic uncertainties, Oryx’s robust strategy positions the group for continued success. “We are well on track to meet our long-term goals,” CEO Ben Jooste Jooste added. “With a solid foundation in place and favourable market sentiment, we are confident in our ability to drive future growth and deliver value to our unitholders.” For…