info_e12wt4cs – Page 25

29 May

Letshego to pay final dividend of 43.88 cents per share

info_e12wt4csObserver Money

CHAMWE KAIRA Letshego Holdings Namibia Limited (LHN), listed on the Namibian Stock Exchange, has announced its 9th Annual General Meeting (AGM) will take place on Friday, 27 June, in Windhoek. The AGM will cover key resolutions for the financial year ending 31 December 2024. Shareholders will consider the company’s audited financial statements and reports from the board and independent external auditors. Shareholders will vote to ratify two dividend payments: an interim dividend of 39.89 cents per share paid in November 2024 and a final dividend of 43.88 cents per share, to be paid on 27 June. Mansueta-Maria Nandjila Nakale, an…

29 May

ReconAfrica, Namcor deal not sealed yet

info_e12wt4csObserver Money

CHAMWE KAIRA Reconnaissance Energy Africa Ltd. (ReconAfrica) and the National Petroleum Corporation of Namibia (Namcor) have not yet finalised the transaction announced for September 22, 2022. ReconAfrica said discussions are ongoing. The agreement involves ReconAfrica acquiring half of Namcor’s 10% carried participating interest in the 6.3 million-acre Petroleum Exploration Licence (PEL 73) in the Kavango Basin. ReconAfrica also announced that Grayson Andersen has left the company to pursue new career opportunities. Mark Friesen has joined as Managing Director, Investor Relations and Capital Markets. He is based in Calgary and brings experience in energy finance and investor relations in the Canadian…

29 May

MTC to post increased profit

info_e12wt4csObserver Money

Chamwe Kaira Mobile Telecommunications Limited (MTC) has informed shareholders that it expects its profit after tax for the period ending 31 March 2025 to rise by between 10% and 17%. Basic and headline earnings per share are also expected to increase by the same margin. “The main contributors to the increase relate to revenue growth and cost control measures. This trading statement has not been reviewed by MTC’s external auditors. The unaudited financial results for the period ending 31 March 2025 are expected to be published on or about 6 June 2025,” the company said in a notice on the…

29 May

Koryx Copper encouraged by drilling results

info_e12wt4csObserver Money

Chamwe Kaira Koryx Copper Inc. says its latest drill results show continued improvement at the Haib copper and molybdenum project in southern Namibia. Company President and CEO Heye Daun said the project is progressing, though drilling and assay work have moved slower than expected. “We now have a bulked-up technical team in place, with additional drill rigs expected to arrive within the next few weeks, which should improve our drilling rate from the second half of the year. In parallel with the drilling, we are making very significant progress with the various met test work components towards demonstrating the feasibility…

29 May

Bannerman appoints chair of product offtake committee

info_e12wt4csObserver Money

Chamwe Kaira Bannerman Energy Ltd has appointed Danny Goeman as Independent Chair of its Product Offtake Committee. The company said Goeman is a seasoned commodity marketing executive with over 30 years of experience. He has worked across a range of mining companies, commodities, and regions. His previous roles include Director of Sales, Marketing and Shipping at Fortescue Limited. He also held several senior positions at Rio Tinto, such as General Manager for RTIO Marketing Asia, General Manager for Industry Analysis and Product Strategy, and Global Process Lead for Marketing Services. Goeman brings business experience in Asia and Europe, covering iron…

29 May

Building an oil refinery could be a fine idea

info_e12wt4csObserver Money

JOHN STEYTLER Economic collaboration between Namibia and Botswana has the potential to reshape the regional energy landscape. Recently, President Dr Netumbo Nandi-Ndaitwah of Namibia and President Duma Boko of Botswana met to discuss critical economic initiatives. One of the key topics on their agenda was the possibility of a joint oil refinery, a move that could bring significant benefits to both nations. With Namibia anticipating substantial offshore oil discoveries, refining this resource domestically presents an opportunity to enhance revenue streams while reducing reliance on imported petroleum. Instead of merely exporting raw crude, a refinery would allow Namibia and Botswana to…

29 May

New satellite connectivity service keeps airports online

info_e12wt4csObserver Money

In an industry where every second of downtime can disrupt passengers and delay operations, a new satellite service is helping airports and airlines stay connected, no matter what. With the launch of SITA Managed Satellites, airports around the world can now maintain vital communication at all times, even during blackouts, natural disasters, or in the most remote or infrastructure-limited locations. The fully managed service is now available in over 130 countries, offering primary, secondary, and emergency connectivity options tailored specifically for the air transport industry. It takes advantage of low earth orbit (LEO) satellites to deliver secure, high-bandwidth, low-latency communications…

29 May

Pedestrianism of genocide ‘welcoming remarks’ and ‘vote of thanks’dismemberement, racism and genocide continuity are the amarmament

info_e12wt4csOpinions

Prof. Dr. Job Shipululo Amupanda What later became the first genocide of the 20th century was enabled by the software of racism that W.E.B du Bois correctly captured as the operating system of the 20th century stating, in 1903, that “the problem of the 20th century is the problem of the color line". Du Bois wrote this one year before the first genocide of the 20th century was committed against our people, in Namibia. He was analysisng the psychosis of those who later became the perpetrators of genocide. In the 20th century, white people and Europeans drew what Frantz Fanon…

27 May

Zaamwani slams forced eviction of farmworkers

info_e12wt4csMain

Hertta-Maria Amutenja The Ministry of Agriculture, Fisheries, Water and Land Reform has condemned the eviction of generational workers from farms, calling the practice “inhumane” and “unacceptable”. Minister Inge Zaamwani spoke out during a handover of resettlement allotment letters in Windhoek on Tuesday. “The practice of forcefully evicting long-serving generational farm workers and abandoning them in corridors next to the roads is not only inhumane but is also unacceptable. We urge all farm owners to exercise restraint from such practice and embrace dialogue in order to seek dignified and sustainable solutions, which uphold the dignity and rights of such individuals, who…

27 May

Anger mounts over Genocide Day plans

info_e12wt4csNational News

Erasmus Shalihaxwe Political leaders have expressed dissatisfaction with the Genocide Remembrance Day programme. Today marks the first commemoration of the day after the Cabinet declared 28 May as Genocide Remembrance Day last year. The event will take place this morning at Parliament Gardens in Windhoek. Joseph Kauandenge, leader of the Association for Localised Interest (ASOLI), expressed disappointment that traditional chiefs from genocide-descended communities would not speak at the event. The official programme shows that President Netumbo Nandi-Ndaitwah, Vice President Lucia Witbooi, and Council of Traditional Leaders Chairperson Gaob Immanuel Gaseb will be the main speakers. Kauandenge said the government failed…