info_e12wt4cs – Page 439

02 Feb

Streamlining of policies is essential to ease doing business in Namibia

info_e12wt4csEditorialStreamlining of policies is essential to ease doing business in Namibia

With Namibia facing significant challenges but also possessing the potential for substantial economic growth and development, the country finds itself at a crossroads. Government initiatives to improve the business environment and legislative reforms aimed at easing the process of doing business indicate a commitment to fostering a more conducive climate for investment. However, addressing structural issues such as unemployment, bureaucratic inefficiencies, and economic inequality remains critical to unlocking the full potential of Namibia’s economy. Doing business in Namibia presents both challenges and opportunities, reflecting the nation’s commitment to improving its business environment while grappling with structural issues. Investors and businesses…

02 Feb

Vaccination and early diagnosis are critical in combating cervical cancer

info_e12wt4csNational NewsVaccination and early diagnosis are critical in combating cervical cancer

Niël Terblanche As Namibia observes Cervical Cancer Awareness Month a clear call to action has been made for all women of childbearing age to get screened for cervical cancer at the nearest health facilities. In Namibia, cervical cancer stands as a formidable adversary against women’s health, particularly affecting those between the ages of 15 and 44. It is the second most common form of cancer among women in this age group, presenting a significant public health challenge. There is, however, a beacon of hope in the fight against the deadly disease - prevention through vaccination and the potential for a…

02 Feb

Sacked Karasburg Town Councillor refuses to vacate office

info_e12wt4csNational NewsSacked Karasburg Town Councillor refuses to vacate office

Martin Endjala In a developing controversy within the Karasburg Town Council, Acting Chief Executive Officer (CEO) Hansina Isaacks is reportedly refusing to vacate her office despite being dismissed by members of the Landless People’s Movement (LPM). An anonymous internal source disclosed that the reasons behind Isaacks’ dismissal are not fully detailed but are believed to be linked to her administrative role and alleged dual allegiances to both the mayor and party leadership, which precipitated her removal by the council. Isaacks’ appointment came on June 6, 2023, succeeding Nico Titus, the former CEO suspended in 2021 amid allegations of financial mismanagement.…

02 Feb

Police officers reminded to remain humble servants

info_e12wt4csNational NewsPolice officers reminded to remain humble servants

Erasmus Shalihaxwe Namibian Police Force Chief Joseph Shikongo, has reminded promoted police officers to continue serving the nation as usual and not develop the attitude of bosses. Shikongo speaking was during the Parade on Promotion of Officers and Conferment of Ranks at the Israel Patrick Iyambo Police College in Windhoek this week. The Parade saw a total of 911 men and women in uniform promoted to different ranks within the police force, of which 490 were men and 421 were women. Shikongo announced that 50 members of the police force were promoted from Inspector to Chief Inspector, 300 were promoted…

02 Feb

SADC training aimed at enhancing knowledge of programs

info_e12wt4csUncategorised

Niël Terblanché In a decisive move to amplify the Southern African Development Community’s (SADC) presence on a global scale, officials tasked with Information, Communication, and Public Relations across Member States received focused training during a workshop in Swakopmund. The initiative, spearheaded by the SADC Secretariat, aims to elevate the communication, awareness, and visibility of the organization’s programmes, activities and impacts both within the region and internationally. Ambassador António Nascimento, the Director of Institutional Communications and Press at the Ministry of External Relations of Angola (MIREX), during his welcoming address, stressed the necessity for member states to work together and share…

02 Feb

Ghost companies drain more than N$100 Million from Namibia

info_e12wt4csMainGhost companies drain more than N$100 Million from Namibia

Hertta-Maria Amutenja In a groundbreaking revelation, Namibia’s Revenue Agency (Namra) Commissioner, Sam Shivute, exposed a syndicate of ‘ghost companies’ orchestrating the illicit transfer of more than N$100 million out of the country. “Last year, our investigation team picked out a syndicate that we call ghost companies. You find people who would register a business with Bipa, but before they register the business, they would go to disadvantaged people in villages and informal settlements and get people’s identification documents, promising those people social grants,” Shivute. He revealed the depth of the illicit activities, citing an example of ghost companies exploiting unsuspecting…

02 Feb

Namport, Terminal finalising deal

info_e12wt4csObserver Money

CHAMWE KAIRA Namport and Terminal Investment Limited (TIL) remain seized with finalizing the terms, conditions and all attendant schedules to the proposed concession of the port of Walvis Bay. Terminal Investment Limited was founded in 2000 by the Aponte Family to secure container terminal capacity in the major ports called by our majority owner and main client, MSC Mediterranean Shipping Company. Securing increasingly restricted terminal capacity is critical to the development of MSC’s core container shipping business. “We will therefore, in due course, make the appropriate and necessary public pronouncements once the process has been completed,” Taná Pesat, Manager of…

02 Feb

Stampriest Basin economic study underway

info_e12wt4csObserver Money

CHAMWE KAIRA The Stampriet Aquifer Uranium Mining Association (SAUMA) is currently conducting a study to provide the economic value of the Stampriest Artesian Basin to Namibia. “We have instructed professionals to provide this information independently,” SAUMA said in a response to questions by Observer Money. SAUMA noted that in terms of agriculture activities contribution to the Namibian economy, SAUMA noted that agriculture provides a livelihood to roughly 70% of all Namibians and said various sectors are involved and depend on the outcomes of agriculture. The Stampriest Artesian Basin strides between Namibia, Botswana and South Africa. The Stampriet Transboundary Aquifer System…

02 Feb

Uranium One says SAUMA declining dialogue

info_e12wt4csObserver Money

CHAMWE KAIRA Uranium One Group says it has taken note of Stampriet Aquifer Uranium Mining Association (SAUMA)’s open letter which was published in the media recently. The Uranium One Group which aims to invest up to N$8,5 billion in the Namibian economy through the uranium mine near Stampriest. Uranium One said it is of the opinion that SAUMA’s letter was one sided and did not take all factors into consideration. The company said Rosatom, the mother company of Uranium One Group, has a proven track record of over 50 years in In-Situ Leaching or In-Situ Recovery (ISR) mining. “Because Rosatom…

02 Feb

Foreign reserves increase to N$54.9 billion

info_e12wt4csNational News

The stock of international reserves increased by 8.4% month to month to N$54.9 billion at the end of December, relative to N$50.6 billion in November, the Bank of Namibia revealed. The central bank said the increase was attributable to higher commercial bank inflows as a result diamond sales and customer foreign currency placements (CFC’s). The foreign reserves translated into 4.6 months of import cover. Growth in M2 (money supply) rose to 10.7% at the end of December relative to a growth of 10.3% in November. The rise in M2 growth stemmed from an increase in domestic claims, during the period…