Observer – Page 2 – WINDHOEK OBSERVER

24 Mar

NamRA collects N$55 billion in revenue

ObserverFeaturedNamRA collects N$55 billion in revenue, Steven Yarukeekuro Ndorokaze

Martin Endjala The Namibia Revenue Agency announced a revenue collection of N$55 billion which is an increase from its initial target of N$53 billion for the 2022/23 financial year that ends this month. The announcement was made by the Head of Strategic Communications, Stakeholder Engagement, Taxpayer Education and International Relations of NamRA, Steven Yarukeekuro Ndorokaze, during a media engagement, where he said that the agency will announce the agency’s final report on its annual revenue results. Ndorokaze said that taxpayers owed the Ministry of Finance about N$70 billion, of which N$15 billion was capital and N$55 billion in revenue was…

24 Mar

Pangolin skin lands two in jail

ObserverFeaturedOshikoto Region, Pangolin skin lands two in jail

Niel Terblanche An intelligence-driven operation earlier this week led to the arrest in the Oshikoto Region of two residents of Windhoek who stand accused of trading in controlled wildlife products. According to a report about the arrest, provided by the commander of the Namibian Police in Oshikoto Region, Commissioner Teopoline Kalompo-Nashikaku, information received by investigators suggested that the two suspects were on their way to the south after completing a transaction where they were seen selling a pangolin skin. In her report, Commissioner Kalompo-Nashikaku stated that intelligence information received indicated that the suspects were heading towards Omuthiya from the north…

24 Mar

PM calls for the appointment of UN Special Envoy on Water

ObserverNational NewsPM calls for the appointment of UN Special Envoy on Water, Saara Kuugongelwa-Amadhila

Stefanus Nashama Prime Minster Saara Kuugongelwa-Amadhila yesterday called for the appointment of a United Nations Special Envoy on water, saying that access to water for all requires bigger investment and coordination among sectors and different development partners. She stated that there is a strong need for the global water community to engage and share technical expertise to accelerate efforts towards meeting water-related Sustainable Development Goals (SDG), beyond the UN 2023 Water Conference. Kuugongelwa-Amadhila made these remarks at the United Nations conference on the Midterm Comprehensive Review of the Implementation of the Objectives of the International Decade for the action of…

24 Mar

American sues the government for almost N$1.3 million

ObserverNational NewsAmerican sues the government for almost N$1.3 million, Andre Heckmair

Hertta-Maria Amutenja One of the citizens of the United States of America that stands accused of the murder Andre Heckmair is suing the Namibian government for N$1 260 000 for alleged violation of his human rights. According to documents filed last year in June at the Windhoek High Court, Kevan Townsend and Jaco Kennedy, who stands accused of a different crime, are citing the Minister of Home Affairs, Immigration, Safety and Security, the Inspector General of the Namibian Police, the Commissioner General of the Namibian Correctional Services, the Officer in Charge of the Windhoek Central Prison and the Ombudsman as…

24 Mar

JSE lifts suspension of trade in Trustco shares

ObserverObserver MoneyDr Quinton van Rooyen, JSE lifts suspension of trade in Trustco shares

Niel Terblanche The Johannesburg Stock Exchange (JSE) has with immediate effect lifted the suspension on the trading of Trustco Group Holding’s shares. “We are pleased to have our shares reinstated for trading on behalf of all our investors,” said Trustco Chief Executive Officer, Dr Quinton van Rooyen. “Trustco always strives for investing excellence, and looks forward to announcing even more exciting updates on our investment portfolios in the near future!” The company in a statement issued by its spokesperson, Neville Basson also announced that the trading of Trustco shares on its secondary markets Namibian Stock Exchange (NSX) and OTCQX in…

24 Mar

Human rights activist ya Nangoloh breaks silence on arrested protesters

ObserverNational NewsHuman rights activist ya Nangoloh breaks silence on arrested protesters, Phil Ya Nangoloh

Stefanus Nashama Well known Namibian Human Rights activist and founder of Namibia Rights and Responsibility, Phil Ya Nangoloh has taken issue with the violation of the right to protest and the Namibian Constitution, in light of the recent arrest of activists in relation to a protest against unemployment. “Our human rights without any human responsibility equates to zero,” he said. Ya Nangolo made the statement after the failed attempt by the youth to protest unemployment on Independence Day. “The Independence we have all fought for so heroically and have shed our precious blood and received on March 21 1990, created…

24 Mar

Special force soldier found dead

ObserverNational NewsSpecial force soldier found dead

Niel Terblanche A member of the Namibian Defence Force’s special forces, who was attached to the anti-poaching unit in the Mangetti National Park was found beneath a tree in the reserve by members of his squad, with a single bullet wound to the head. The deceased has been identified as 38-year-old Corporal Julius Jamara. According to the incident report provided by the Public Relations Division of the Namibian Police, members of Corporal Jamara’s squad went looking for him on Independence Day after he did not return to their encampment as expected. “At about 08:00 on Sunday morning, the deceased person…

24 Mar

Namibian Banks remain resilient and sound – !Gawaxab

ObserverNational News

Martin Endjala As the world reels from the closure of a number of regional banking institutions in the United States and a global systemically important bank based in Europe, the Bank of Namibia (BoN) has given the assurance that Namibian banks continue to remain resilient and sound, with solid capital and liquidity buffers in place to withstand risks emanating from internal and external shocks. Despite the ongoing global developments, the Namibian banking system remains liquid and well-capitalised. In this regard, the total risk-weighted assets stood at 17.0 percent at the end of December 2022, higher than the statutory minimum risk-weighted…

24 Mar

Debmarine announces record diamond production

ObserverNational NewsDebmarine announces record diamond production

Hertta-Maria Amutenja Debmarine Namibia, last year, produced a whopping 1,725 million carats of diamonds. According to the Chief Executive Officer (CEO) of Debmarine, Willy Mertens, the production numbers is a new record in the history of the company. He added that the number constitutes around 80% of the total diamond production in Namibia. “Putting the 2022 record production in perspective, this number is more than triple from 506 000 carats with six vessels compared to when Debmarine Namibia commenced operations. “We achieved this not only through additional capacity but also through continued innovation and investment in new technology,” he said.…

23 Mar

Controversy surrounding NHE Executives’ Cape Town trip

ObserverMainControversy surrounding NHE Executives’ Cape Town trip, e National Housing Enterprise

Niel Terblanche In an effort to raise funds to finance the execution of its mandate, the National Housing Enterprise is considering a range of options as well as a host of potential financiers. However, the NHE’s dire financial position has left the state-owned company in a vulnerable position. Besides having to attend to a housing backlog of more than 300 000 living units for Namibians, the staff of the beleaguered SOE is repeatedly threatening to strike because of issues with their salaries. At the same time, staff accuse top management of raking in exorbitant fees for attending board meetings and…