Observer – Page 264 – Windhoek Observer

17 Jul

Sleeping woman killed by cash in transit vehicle

ObserverNational News

Niël Terblanché The 54-year-old Emilia Kuhafi Shuudifonya was killed on Saturday morning when a vehicle burst through the walls of her shack, located in the Tutaleni informal settlement of Walvis Bay while she was sleeping. According to the official incident report, provided by Inspector Ileni Shapumba, the head of the Community Affairs Division of the Namibian Police in the Erongo Region, the tragic accident occurred at about 10:00 when an employee of Namibia Protection Services, driving a Cash-in-Transit vehicle, lost control of it and smashed into the shack on the corner of Seemeeu and Cormorant streets. Inspector Shapumba said the…

17 Jul

Transforming school funding is key to inclusivity

ObserverNational News

Martin Endjala The designing and implementation of a provision of school grant policy will do much for the realisation of two of the goals of education, equity and equality. Hofni Iipinge, the Central Committee and Politburo Swapo Party Member and Deputy Secretary of Education Arts and Sport at the party level, welcomed the decision to approve the School Grant Policy by Cabinet, citing it as a very positive move. Iipinge said that in the past, the provision of equal resources to state schools has been inappropriate, considering that schools in rural and remote areas face more pressing challenges than schools…

17 Jul

Woman (22) attempts to kill her baby

ObserverNational NewsWoman (22) attempts to kill her baby

Hertta-Maria Amutenja A 22-year-old mother from the Okahandja district was arrested after she tried to kill her 11-month-old son by hanging him from the roof of a shack. The infant was miraculously saved by his uncle. Deputy Commissioner Kauna Shikwambi, Spokesperson for Nampol, said the incident occurred on Saturday morning at the Uitkomst resettlement farm near Hochfeld. “The baby was rescued by the suspect’s elder brother, who broke the door, entered and removed him from the hanging rope just in time. The victim is in a stable condition and received necessary medical assistance,” said Shikwambi. The suspect is detained and…

16 Jul

Deconstructing Martha

ObserverFeatured

Martha Kautanevali is a Civil Engineer by profession with a certification in Project Management. She founded the Queenshono Mentorship program and Co-founded - Women in Business Network - providing a casual atmosphere for business and corporate women to engage, support and encourage each other. We caught up with her, shortly after being crowned the 2nd Runner Up in the Miss Namibia competition. Can you briefly tell us where you hail from? I hail from a loving village called Ohamwaala-Edundja in the Ohangwena region. You studied civil engineering at the University of Namibia. You combined it with Project Management Professional (PMP)…

14 Jul

International reserves drop to N$49.7b

ObserverObserver MoneyInternational reserves drop to N$49.7b

The Bank of Namibia’s stock of international reserves decreased in May, according to Bank of Namibia statistics. The stock of international reserves decreased to N$49.7 billion in May relative to the N$51.8 billion at the end of April. The decrease was on account of net commercial bank outflows as a result of portfolio investment and import payments. The central bank said the foreign reserves translated into 5.2 months of import cover at this level remaining above the international benchmark and adequate to support the currency peg between the Namibia Dollar and the South African Rand. The bank said the overall…

14 Jul

Chinese offer to build nuclear plant…… Nuclear not entirely ruled out in the future-Alweendo

ObserverObserver MoneyChinese offer to build nuclear plant…… Nuclear not entirely ruled out in the future-Alweendo

CHAMWE KAIRA China National Uranium Corporation, the majority shareholder in Rossing Uranium has offered and proposed to build a nuclear plant in Namibia. The Namibian government has said nuclear energy could be considered in the future. Two well informed energy industry officials told Observer Money that the Chinese firm has made offers and proposals to the Namibian government to build a nuclear plant. The officials spoke on condition of anonymity because they are not authorised to speak on behalf of the government. China National Uranium Corporation is said to be waiting on the government to respond to its offer. “I…

14 Jul

!Aimab Superfarm aim to grow dairy herd, increase mi

ObserverObserver Money!Aimab Superfarm aim to grow dairy herd, increase mi

…Superfarm currently has 1800 cows, 900 producing milk …Superfarm is currently supplying about 65% of Namibia’s milk demand …Namibia Dairies processes about 16,2 million litres of milk annually Observer Money’s Chamwe Kaira talks to Dalinka Alberto, Namibia Dairies marketing manager on the performance of Namibia Dairies, its Nammilk products and the status of the !Aimab Superfarm at Mariental. CHAMWE KAIRA (CK): How is Namibia Dairies/Nammilk performing in the current market environment? DALINKA ALBERTOA (DA): Like probably all Namibians and most companies in Namibia at present, Namibia Dairies and by extension our product portfolio, feels the effects of rising global inflation,…

14 Jul

The Daures Green Hydrogen Village aims at establishing a sustainable and environmentally friendly ecosystem

ObserverObserver MoneyThe Daures Green Hydrogen Village aims at establishing a sustainable and environmentally friendly ecosystem

Project lead developer is Enersense Energy Namibia, a 100% Namibian owned firm. This is the firm I represent. The SPV (Daures Green Hydrogen Village) is 90% owned by Enersense an 10% by community groups. The community groups include the Daure Daman Traditional Authority and Tsiseb Conservancy. The SPV has a 25 year land lease with option to extend by an additional 50 years. The total land size is 15,000 hectares with good solar and wind potential. We are busy with continuous optimization of the project and its forecasted production. In the pilot we will only be producing 100tons of green…

14 Jul

Namibia maintains upper middle income country status

ObserverObserver MoneyNamibia maintains upper middle income country status

CHAMWE KAIRA Namibia has maintained its upper middle income country status in the World Bank Group country classifications by income level for the financial year 2024 from 1 July 2023 to 30 June 2024. In terms of comparison with its peers in the Southern African Development Community, South Africa was also rated as an upper middle income country, the same with Botswana while Lesotho is rated as lower middle income country, same with Eswatini, Angola, Zambia, Zimbabwe and Tanzania. Malawi, Mozambique, Democratic Republic of Congo and Madagascar were rated as low income countries. President Hage Geingob has repeatedly said 100…

14 Jul

Rossing Uranium aim for more spot market earnings

ObserverObserver MoneyRossing Uranium aim for more spot market earnings

CHAMWE KAIRA Rössing Uranium mine at Arandis in the Erongo Region plans to continue pushing for more revenue uranium oxide sales on the spot market, this year, which results in the company benefiting when uranium prices are high, senior company officials told journalists last week. Managing Director, Johan Coetzee and General Manager, Commercial and Marketing, Jingtao Frank Chang said in response to questions from the media that spot prices enable the company to earn extra money on top of the earnings from fixed contracts. In 2022, Rössing produced 5.9 million pounds U3O8 (uranium oxide), but only sold 5.7 million pounds…