Observer – Page 196 – Windhoek Observer

13 Oct

Shell working to develop local content

ObserverEnergy, Observer MoneyShell working to develop local content

Chamwe Kaira Shell Namibia Upstream BV, spokesperson, Sally Wood has said the company recognises the long-term potential an oil and gas industry could have in Namibia in helping to unlock the country’s energy needs, provide training and employment and contribute to economic development. “We continue to work closely with the industry and government as it develops its local content policy and meanwhile, prioritise local goods, services and skills where possible, across our operations. This reflects where we are currently in the exploration process and will scale up if we proceed towards commercial development,” Woods told Observer Money this week. The…

13 Oct

Namibia expects to produce oil by 2030

ObserverEnergy, National NewsNamibia expects to produce oil by 2030

Niël Terblanché With its burgeoning oil reserves, Namibia is embarking on a transformative journey, promising not only to reshape its economic landscape but also to solidify its position on the global energy stage. Namibia has set its sights high on significant offshore oil finds and expects to tap into these vast reserves by 2030. Petroleum Commissioner, Maggy Shino, at a recent oil conference in Cape Town, South Africa, introduced plans for a Floating Production Storage and Offloading (FPSO) platform to facilitate crude oil export. Since the discoveries, Namibia has garnered considerable attention from global energy magnates. This surge in interest…

13 Oct

Namdeb spends N$3.2 billion on economy

ObserverObserver Money

Chamwe Kaira Diamond producer, Namdeb’s operations have thus far spent more than N$3.2 billion in the local economy of Namibia in 2022 and capital expenditure of N$1.3 billion is being spent on the ramp up production activities, spokesperson Shangelao Ndadi told Observer Money. Ndadi said the royalty remission that was agreed upon with the government enabled a N$2 billion capital investment over a period of three years (2022 -2025) in the operations resulting in a 20-year life of mine extension (to 2042) for Namdeb’s land-based operations. “This life extension has huge positive implications in terms of long-term contribution to the…

13 Oct

Household drought relief Food increased significantly

ObserverNational NewsHousehold drought relief Food increased significantly

Hertta-Maria Amutenja Cabinet has given the green light for an increase in the provision of bags of maize meal for drought relief. Now, each household will receive 20 kilograms of maize meal bags every month throughout the drought relief program for the 2023/24 financial year. This substantial increase replaces the previous 12.5-kilogram allocation to each household. This announcement was made by the Minister of Information and Communication Technology, Peya Mushelenga, during the 17th cabinet decision-making meeting. The minister has also addressed several other crucial decisions made by the executive. He said the Cabinet has directed the Ministry of Gender, Equality,…

13 Oct

Petroleum import bill N$892m in August

ObserverObserver Money

The Petroleum oils import bill increased by N$892 million in August, trade statistics have revealed. This increase was one of the leading causes that lead to the country’s trade balance standing at a deficit of N$4.9 billion compared to N$3.7 billion and N$4.1 billion recorded in July 2023 and August 2022. This was the largest deficit the country has recorded between August 2022 and August 2023. The other increases in imports were vessels imports, which increased by N$428 million, rotating electric plant increased by N$391 million, tubes and pipes of iron and steel increased by N$180 million and precious stones…

13 Oct

Namibian citizens in Israel expected to safely return home today

ObserverNational NewsNamibian citizens in Israel expected to safely return home today

Hertta-Maria Amutenja Four Namibian citizens, who recently travelled to the war-torn Israel for heart surgery are safe, and they are expected to return to Namibia today. Tamar Shapira, Director of International Relations at Save a Child’s Heart organisation in the country where the heart surgery procedure took place, told Windhoek Observer yesterday that the two children and their two guardians are safe. Save a Child’s Heart is an Israeli humanitarian organisation that provides cardiac healthcare to children across the world. The institution was founded in 1995 and is based at the Edith Wolfson Medical Center near Tel Aviv in Israel,…

13 Oct

MP calls for government to address plight of marginalised communities

ObserverNational Newsa Member of Parliament (MP) from the South West Africa National Union (SWANU), has implored the Namibian government to prioritize the issues faced by all marginalized communities through the Policy on National Reconciliation., Tangeni Iijambo

Stefanus Nashama Tangeni Iijambo, a Member of Parliament (MP) from the South West Africa National Union (SWANU), has implored the Namibian government to prioritize the issues faced by all marginalized communities through the Policy on National Reconciliation. He highlighted the need to address the concerns of the San, Ovatue, struggle kids, among others. Speaking on the Motion of Policy on National Reconciliation in the National Assembly last week, Iijambo remarked: “Namibia’s vast wealth and resources starkly contrast the intense deprivation many face, further exacerbated by the systemic corruption benefiting the ruling elites and foreign partners.” He proposed that the government…

13 Oct

Dundee to smelt up to 230000t of copper

ObserverObserver Money

Observer Money talks to Alina Garises, communications manager at the Dundee Precious Metals Tsumeb (DPMT) about the company’s financial performance, its smelting forecast and the newly launched General Waste Management Facility. Observer Money (OM): Dundee Precious Metals Tsumeb (DPMT)’s turnover in 2022 was N$2.232 billion and a loss of N$839.4 million. When does DPMT forecast to break through and start making profit? Alina Garises (AG): The smelter is operating in a challenging global market environment. In order to ensure the long-term sustainability of the operation, the company launched a cost optimization and organisational efficiency program called the P300 project, which…

13 Oct

Aroab residents frustrated by town’s slow development

ObserverNational News

Martin Endjala Residents of Aroab are growing increasingly frustrated with the sluggish development progress in their town, criticizing the Village Council for its failure to meet the rising demand for land on which to construct homes. Jannie Jobs, a local resident and public member representative to the Council, recently expressed his concerns to the Windhoek Observer. He said that since the new councillors assumed office in 2020, the town has seen minimal growth, despite residents’ repeated pleas for land. “To this day, the promised land allocations remain unfulfilled,” Jobs said. Further compounding residents’ grievances is the absence of banking facilities…

13 Oct

Ministers of Namibia and South Africa convene to reinforce bilateral ties

ObserverNational NewsMinisters of Namibia and South Africa convene to reinforce bilateral ties

Niël Terblanché The third Ministerial Session of the Namibia - South Africa, Bi-National Commission (BNC) is currently underway in Windhoek with both nations keen on fortifying their bilateral relationships. Namibia’s Minister of International Relations and Cooperation, Netumbu Nandi-Ndaitwah, opened the floor, emphasizing the robust bond the two nations share. “Our bonds are beyond diplomacy. We’re family, comrades, and neighbours,” she stated. She stressed the crucial role of the BNC, which serves as a platform for discussing a range of matters, from trade and investment to energy, health, and security. Additionally, the meeting aims to review the actions and decisions of…