Windhoek Observer – Page 266 – Windhoek Observer

03 Jul

Namibia exports petroleum jelly to Greece, Cayman Islands

Observer Money

Chamwe Kaira Namibia exported petroleum jelly valued at N$3,100 to Greece and the Cayman Islands in May. In contrast, the country imported petroleum jelly worth N$4.9 million during the same month, mainly from South Africa. Between May 2024 and May 2025, the average monthly import value of petroleum jelly stood at N$3.7 million. The highest import value was N$5.9 million in July 2024, while the lowest was N$1.1 million in April 2025. In terms of trade under the African Continental Free Trade Area (AfCFTA), Namibia exported goods worth N$5.3 billion to African countries and imported goods valued at N$5.7 billion,…

03 Jul

Bannerman waiting to seal NamWater, NamPower deals

Observer Money

Chamwe Kaira Bannerman Energy Ltd is awaiting the finalisation of key agreements with NamWater and NamPower for its Etango uranium project. The company said the last step in the commercial water supply process is the execution of a binding agreement with NamWater. Bannerman expects to sign the draft agreement with NamWater after making a positive final investment decision on Etango. In October 2024, Bannerman signed a letter of intent with NamWater, securing a 15-year water supply. NamWater also signed a back-to-back letter of intent with the Erongo Desalination Plant operator to ensure the source supply. On electricity, Bannerman has accepted…

03 Jul

Paladin, Bank Windhoek announce executive appointments

Observer Money

Chamwe Kaira Paladin Energy Ltd has appointed Michele Buchignani as an independent non-executive director. The Johannesburg Stock Exchange (JSE) recently made the announcement. Paladin owns the Langer Heinrich mine in the Erongo region. Buchignani, based in Vancouver, brings extensive experience in law, finance, private equity, executive compensation, and risk management. She has held senior roles at CIBC World Markets, Ontario Teachers’ Pension Plan, and law firms in Canada and Australia. She has served on various boards and advisory panels for public, private, and non-profit organisations. These include TSX-listed Copper Mountain Mining Corporation, TSX Trust Company, and Nasdaq-listed Westport Fuel Systems.…

03 Jul

Uis mining project raises N$120 million for expansion

Observer Money

Chamwe Kaira Andrada Mining Limited has raised N$120 million to support the expansion of its operations at Uis in the Erongo Region. The company closed its previously announced subscription and share placing, securing a total of £5 million (approximately N$120 million). Of this amount, £4.5 million (approximately N$108 million) came through an equity subscription involving 150 million ordinary shares taken up by Talent10 Resources Proprietary Limited. Talent10 now holds 8.16% of Andrada’s enlarged issued share capital. The remaining £0.5 million (approximately N$12 million) was raised by placing 16 million shares with institutional and professional investors. The bookrunner for the placement…

03 Jul

TATA on 40 years of operations in Africa

Observer Money

Jacques Taylor Doing business in Africa is challenging for any company in any industry sector, but with 40 years of experience in the field, TATA has established itself as a company that is both commercially successful and relevant to the diverse demographic and geographical communities in which it operates across the continent. During the period of its operations in Africa, TATA has observed and experienced vast changes: greater economic prosperity for more Africans, the evolution of the African Union, the establishment of a pan-African parliament and the push for a single currency, the forging of closer regional trade ties including…

03 Jul

Diplomacy in the 21st century: a Pan-Africanist analysis of the legitimacy crisis and the path to a just global order

Opinions

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) Abstract As President Netumbo Nandi-Ndaitwah marks 100 days in Office and is expected to announce a new round of ambassadorial and high commission appointments, with envoys scheduled for deployment in September this year, this article seeks to interrogate diplomacy in the 21st century which confronts a multifaceted crisis of legitimacy and effectiveness, characterized by inherent contradictions between economic interests and discernible discrepancies in geopolitical practices. The article explores the evolution of contemporary diplomacy, with a particular focus on economic diplomacy, and critically analyzes its impacts, especially on African countries. It…

03 Jul

Africa, the benign second class capitalist denialist

Opinions

Kae Matundu Tjiparuro With the world on the brink of the Third World War (WWIII), African political leaders were meeting in the Angolan capital of Luanda. Presumably to find and foster business links with business people from the United States of America (USA). Oblivious to the war ongoing, which was then in its 12th day between Israel and Iran, was nothing but a capitalist war America waging in the Middle East, with Israel as its proxy. One of the many wars Capitalist and Imperialist America has ever been waging all over the world since the dawn of Capitalism and Imperialism.…

02 Jul

Toll gate proposal stuck in approval gridlock

Main

Allexer Namundjembo The plan to introduce toll gates on major roads across the country remains stalled, with no significant progress reported. The Road Fund Administration (RFA) has confirmed that the project is still undergoing internal approvals and has not moved to the public rollout stage. “There is no progress on tolling yet. The matter is still receiving internal process approvals first. An update will be provided to the public in time,” said RFA chief executive officer Ali Ipinge in response to an inquiry by the Windhoek Observer. The toll gate proposal was first introduced in 2021 and aimed to install…

02 Jul

Nanso slams U.S. visa social media rule as repressive

National News

Hertta-Maria Amutenja The Namibia National Students Organisation (Nanso) has condemned a new U.S. visa policy that requires student and exchange visa applicants to make their social media accounts public. Nanso says the rule threatens freedom of expression and political independence for Namibian youth. “It’s quite a terrible policy, because it takes away the right of self-expression of our students. Ideally, there must be separation between your academic, professional, and personal life and that must not be used against you,” said Nanso president Dorthea Nangolo in an interview with the Windhoek Observer. She warned that the policy could be used to…

02 Jul

President to launch delayed NDP6 this month

National News

Justicia Shipena President Netumbo Nandi-Ndaitwah says the sixth National Development Plan (NDP6) is complete and will be launched soon. Although she did not give an exact date, Nandi-Ndaitwah hinted that the plan will be launched this month. “I will launch it soon because all the work is done. I expect you to be familiar with the seven priorities of our government. Similarly, I expect you to be familiar with the eight critical economic enablers to effectively champion development in your respective regions,” she said during the appointment ceremony of regional governors at State House on Tuesday. The launch comes after…