Observer – Page 299 – Windhoek Observer

29 May

Geingob decries inequality of approach to conflicts

ObserverNational NewsGeingob decries inequality of approach to conflicts

Niël Terblanché President Hage Geingob, who is also the Chairperson of the Southern African Development Community (SADC) Organ on Politics, Defence and Security Cooperation has condemned the unequal approach to conflicts in the Democratic Republic of Congo and Ukraine, by International peace keeping bodies and sympathizers. Eastern DRC has been plagued by conflict involving at least 122 rebel groups, according to a recent count by the United Nations. According to Geingob, people are dying while Africans are being cajoled to support and condemn Russia for invading Ukraine. “We have our own problems that nobody seems to pay attention to, and…

29 May

40 000 job seekers apply for Nampol, 2 398 shortlisted

ObserverNational News

Stefanus Nashama The Namibian Police has revealed that more than 40 000 people applied for the cadet constable job opportunities advertised recently and that only 2,398 candidates have been shortlisted for interviews. The Namibian Police is seeking to employ about 1,000 cadet officers, and the shortlisted candidates are expected to undergo several tests. However, Nampol did not specify what criteria they used to reduce the over 40, 000 candidates into a smaller number. The 1,000 new cadet constables will include 250 who are coming from the National Youth Service at an advanced stage. The recruitment interviews will be conducted at…

29 May

Namibia signs N$200b Green Hydrogen deal

ObserverMain

Niël Terblanché The Government officially signed a pioneering N$200 billion Feasibility and Implementation Agreement on Friday, thereby announcing the development of Sub-Saharan Africa’s largest Green Hydrogen Project. President Hage Geingob officially witnessed the signing of the agreement with Hyphen Hydrogen Energy (Proprietary) Limited. “I thank Hyphen for trusting the Governance Architecture of Namibia with their investment. By signing the Feasibility and Implementation Agreement, a crucial step has been taken to unlock the potential of Green Hydrogen to create jobs for the prosperity of the people of Namibia,” Geingob said at the signing ceremony at State House. Pohamba Shifeta, the Minister…

26 May

Eskom explains winter supply to Namibia……Diamond mines subject to loadsheddding schedule

ObserverObserver Money

CHAMWE KAIRA South Africa’s power company, Eskom which has announced that there is a high risk of elevated stages of loadshedding in winter, this week explained how this will impact on electricity exports to Namibia. Responding to questions by Observer Money, Eskom said its power supply agreement for NamPower is in accordance with National Regulatory Standard (NRS) 048-9. “NRS 048-9 is a code of practice in terms of load reduction practices, system restoration practices and other related matters. During load shedding, NamPower’s load is curtailed as per the requirements of NRS 048-9,” Eskom said. Under the current agreement with NamPower,…

26 May

O&L Europe eyeing real estate, hospitality, finance industry

ObserverObserver Money

Staff Writer O&L Nexentury GmbH, a subsidiary of the Ohlthaver & List Group, recently announced that it was granted the advanced water management permit from the District Administration Office of Karlsruhe, Germany, for the construction and operation of what will be Germany’s largest fully permitted and floating solar photovoltaic (PV) park at this point in time. The solar park will be built on the gravel lake of sand and gravel works company, Philipp & Co KG, in Bad Schönborn, Germany. O&L Nexentury plans to commence construction of the solar park in the third quarter of 2023 with the intention for…

26 May

Otjikoto Mine decreases energy usage

ObserverObserver Money

Chamwe Kaira B2Gold’s Otjikoto Mine near Otavi took strides in 2022 to decreasing its energy usage by connecting to the Namibian grid, which is estimated to reduce annual power generation emissions by more than 30% due to renewable energy sources within the Namibian grid. The company said in its Annual Responsible Mining Report that overall, the proportion of electricity generated from renewable sources increased significantly to 14.3% in 2022 from 9.5% in 2021, for consolidated operations. The Otjikoto Mine is expected to produce between 190,000 and 210,000 ounces of gold in 2023 at cash operating costs of between US$590 and…

26 May

Yango launches new comfort tariff

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Yango, an international service for ordering rides online, has introduced a new Comfort tariff in Namibia. Yango successfully launched its services in Namibia in January this year. The Comfort tariff is an additional tariff on the Yango app which will allow users to order higher-quality cars at an affordable price. “We are happy with our successful launch which took place in Windhoek in the beginning of the year and now we are glad to move forward to launch a new Comfort tariff. We recognize that our valued customers have different needs when they take a ride with us and giving…

26 May

FATF mum on Namibia’s anti-money laundering moves

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CHAMWE KAIRA The Financial Action Task Force (FATF), which leads global action to tackle money laundering, terrorist and proliferation financing said this week that it could not comment on newly announced legislation announced by the Bank of Namibia and its effectiveness on Namibia’s framework to combat money laundering or terrorist financing. The Bank of Namibia recently disclosed that the Cabinet Committee on Legislation has approved 11 amendments and two new bills that, when passed by the legislature, will ensure that Namibia’s legal framework is fully aligned with new developments in global anti-money laundering, terrorist financing, and proliferation financing standards. A…

26 May

NMG expands operations in Namibian market

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Advisory and intermediary firm NMG Consultants and Actuaries has opened an office in Windhoek as it looks to offer a range of retirement fund, investment and actuarial consulting services to Namibian businesses, pension funds and medical aid funds. The new office will allow NMG to enhance its service levels to its existing Namibian clients, while actively looking to grow its client base in the country, said Ernestu Augustus MD of NMG Consultants and Actuaries Namibia. “This expansion is a clear indication of our growth trajectory as a business. We expect it to open up several opportunities for skilled people in…

26 May

China’s maize import from SA will not impact Namibia

ObserverObserver Money

CHAMWE KAIRA China’s maize imports from South Africa will have no impact on South African maize exports to its neighbours including Namibia, Wandile Sihlobo, Chief Economist of the Agricultural Business Chamber of South Africa told Observer Money this week. “No; South Africa has ample supplies and surplus of 3 million tonnes in the 2023/24 marketing year. South Africa’s neighbouring countries will still be able to import maize, and this won’t be disrupted by China. China remains one of South Africa’s small markets, having imported around 108 000 tonnes from South Africa in 2022/23 marketing year that ended in April, which…