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Martin Endjala RedForce Debt Management has threatened to take legal action against the Municipality of Walvis Bay for breach of contract. This follows the motion that was passed by the council to terminate the contract earlier this week. RedForce’s deputy chief executive and legal advisor, Magaret Malambo told Windhoek Observer that the company finds it very comical for the council to terminate a valid contract already in place. “We find it very alarming and comical that the council has passed a motion contrary to the signed contract terms between the parties. Before our procurement and subsequent appointment, a council resolution…

Erasmus Shalihaxwe Opposition leader McHenry Venaani has called on President Nangolo Mbumba to declare drought a state of emergency. Venaani wrote to Mbumba on Thursday saying the adverse effects of climate change have brought the country to an alarming state where the imminent threat of meteorological calamity overshadows human daily existence. “The relentless El Niño climatic phenomenon exacerbates this already precarious situation, causing severe rainfall shortages. This is indicative of not merely a seasonal irregularity but a dreadful spectre of our changing climate - a matter that deserves our undivided attention and swift action,” he said. NamWater's recent disclosure that…

Martin Endjala According to the Namibian Chamber of Mines (CoM) 2023 annual review report released on Wednesday, the mining industry recorded a turnover of N$51.572 billion in 2023. The 2023 turnover represents a 36 percent increase compared to the N$37.976 billion recorded in 2022. The report highlighted that several factors contributed to this growth, including a weaker exchange rate, higher prices for gold and uranium, and increased production of gold, uranium and diamonds. The report further highlighted that the sector achieved an impressive improvement in overall profitability. In 2023, it recorded a collective profit of N$2.731 billion, a stark contrast…