Windhoek Observer

12246 Posts
BoN expects agro NPLs to come down

BoN expects agro NPLs to come down

CHAMWE KAIRA Non-performing loans (NPLs) in the agriculture sector are expected to improve in the next 12 months following drought relief measures announced by the Bank of Namibia in October. Central bank governor Johannes ǃGawaxab said this week in response to questions that the bank had been concerned about non-performing loans in the agriculture sector, which in September last year stood at 8% but have now come down to 6%. With the relief measures in place, ǃGawaxab expects NPLS in the agriculture sector to drop further in the coming 12 months. “Any non-performing loan is a critical risk in the…
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Malema’s EFF criticizes ECN for elections mismanagement

Malema’s EFF criticizes ECN for elections mismanagement

Hertta-Maria Amutenja South Africa’s Economic Freedom Fighters (EFF) have condemned any form of electoral manipulation, including extending voting days from Wednesday to Saturday due to logistical challenges in the just-ended presidential and national assembly election in Namibia. “The will of the people must be respected, and no amount of manipulation should be allowed to undermine their voice,” reads a statement issued by Julius Malema’s party on Tuesday. The EFF has pledged to monitor developments and support efforts to address irregularities, calling for transparency, fairness, and true democracy in Namibia. It has expressed concern over the Electoral Commission of Namibia's (ECN)…
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ACC nears decision on alleged BIPA corruption scandal

ACC nears decision on alleged BIPA corruption scandal

Hertta-Maria Amutenja The Anti-Corruption Commission (ACC) has confirmed that its investigation into suspected fraudulent activities at the Business and Intellectual Property Authority (BIPA) is nearing completion, with potential prosecution on the horizon. The case revolves around allegations of unauthorised amendments to the ownership structure of Orange River Exploration and Mining CC, owned by businessman, Peter Shifwaku. The investigation has identified some BIPA officials as suspects. The names of the suspects are known to the Windhoek Observer. "I confirm that the allegations are under investigation by ACC. Some officials at BIPA are suspects, and the docket is at an advanced stage…
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President vows commitment to rule of law

President vows commitment to rule of law

Niël Terblanché The day after the conclusion of Namibia’s 8th Presidential and National Assembly Elections, President Nangolo Mbumba praised the nation’s commitment to democracy and pledged the government’s unwavering support for the rule of law. President-elect, Netumbo Nandi-Ndaitwah will serve as Namibia’s first female head of state in the aftermath of the elections that ran from 27 to 29 November. “The Namibian people have spoken. Namibians in their majority wrote a new chapter in the history of their constitutional democracy by electing the first female President of the Republic of Namibia. I do not doubt that under her capable and…
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Advanced isolation facility increases health resilience in Omusati region

Advanced isolation facility increases health resilience in Omusati region

Niël Terblanché Namibia's healthcare sector achieved another milestone on Wednesday, with the inauguration of a Negative Pressure Mobile Isolation Facility at the Outapi District Hospital. The facility, a first for the Omusati region, was funded by the United States Government under its Overseas Humanitarian, Disaster, and Civic Aid Appropriation (OHDCACA) programme. The minister of health and social services, Dr Kalumbi Shangula, hailed the facilitate as a critical advancement in the country’s healthcare infrastructure. “This momentous occasion highlights not only a significant advancement in our healthcare infrastructure but also reaffirms our commitment to building a strong and resilient health system,” he…
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Traditional authorities unite to fight food insecurity

Traditional authorities unite to fight food insecurity

Niël Terblanché Amid one of the most severe droughts, the Namibia Traditional Authority Trust (NTAT), with the support of its business arm, Oonani Investment Group, launched a nationwide Drought Relief Food Drive aimed at providing vital sustenance to more than 2 300 families across all 14 regions of the country. Oonani’s chief executive officer, Jamie-Lee Nels said in a statement on Wednesday, said the initiative, which centres on distributing essential food packages to the most vulnerable communities, seeks to mitigate the widespread food insecurity exacerbated by failing crops and dying livestock. “Namibia is grappling with the devastating effects of prolonged…
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Commander in Chief commissions young military officers

Commander in Chief commissions young military officers

Niël Terblanché President Nangolo Mbumba has commended Namibia’s Defence Force (NDF) for its commitment to excellence in military training during the Graduation Parade of the 11th Regular Commissioning Course where 149 officer cadets received their presidential commission. The ceremony on Wednesday celebrated the graduation of officer cadets from across Namibia who are set to join the Officer Corps as leaders and commanders. President Mbumba stressed the significance of continuous training to ensure Namibia’s military readiness. He quoted World War II General Douglas MacArthur, who observed, “In no other profession are the penalties for employing untrained personnel so appalling or so…
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Convicted Congolese pastor’s house up for sale in Eembidi village

Convicted Congolese pastor’s house up for sale in Eembidi village

Allexer Namundjembo The house of convicted pastor of the Mennonite Church, Pedro Marcelino Moussongela, in Eembidi village in the Ondobe constituency of the Ohangwena region has been put up for sale for N$500 000. Moussongela was convicted of three counts of fraud, forgery and uttering, and four counts of employing foreign nationals without work permits at his Mennonite community school at Omafo village. For each of the three fraud counts, he received a sentence of three years in prison, to serve those terms concurrently. The court sentenced him to either pay a fine of N$4 000 or serve 16 months…
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Relief for consumers as the repo rate is lowered to 7%

Relief for consumers as the repo rate is lowered to 7%

Martin Endjala The Monetary Policy Committee (MPC) of the Bank of Namibia reduced interest rates by 25 basis points to 7% on Wednesday. Consumers will now enjoy the relief of interest rates on mortgages and loans. According to the central bank’s governor, Johannes !Gawaxab, the move is to continue supporting the domestic economy while safeguarding the peg between the Namibian dollar and the South African rand. “This decision was reached following a comprehensive review of current and expected domestic, regional and global economic developments,” he explained. This was the sixth and final bi-monthly meeting of the MPC for 2024. He…
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MTC extends connectivity to Otjinungua village

MTC extends connectivity to Otjinungua village

Niël Terblanché Villagers of Otjinungua became part of a growing connected Namibia, where technology bridges distance and creates inclusion in even the most far-flung corners of the country. Mobile Telecommunications Limited (MTC) has launched a new network site in Otjinungua village, providing 2G voice and 4G broadband services to one of the country’s most remote areas in line with Namibia’s digital inclusion efforts. Situated 370 kilometres from Opuwo, in the Marienfluss Conservancy near the Kunene River bordering Angola, Otjinungua is home to the Ovahimba people. MTC’s spokesperson, Erasmus Nekundi, highlighted the significance of the achievement and said that the newly…
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