info_e12wt4cs – Page 453

19 Jan

Eight more suspects linked to the fugitive Rebebe arrested

info_e12wt4csMainEight more suspects linked to the fugitive Rebebe arrested

Niël Terblanché Eight more suspects linked to the multimillion-dollar theft by the 30-year-old Nico Hijendepi Rebebe an employee of Bank Windhoek at its Opuwo branch were arrested in Rundu during an intelligence-led operation executed by the Namibian Police. Rebebe attempted to steal N$200 million from his employers through a series of illicit money transfers. The arrest of six suspects were made on Wednesday after one of the suspects attempted to withdraw huge sums of money over the counter at the Rundu branch of Bank Windhoek. Two more arrested on Thursday after another attempted to withdraw a large sum of money…

18 Jan

Rössing invests in possible future employees

info_e12wt4csObserver MoneyRössing invests in possible future employees

Niël Terblanché In a heartwarming gesture that highlights its commitment to education and community development, Rössing Uranium recently made a significant donation to the Tsumkwe Senior Secondary School.The donation included 400 school bags filled with essential stationery items, aimed at supporting the learners in their educational journey. The primary objective of the generous donation is to empower future employees and students, enabling them to concentrate on their studies while aspiring to reach greater heights, regardless of the challenges they may face. Rössing’s Corporate Communication Manager, Daylight Ekandjo, reaffirmed the mining company’s dedication to investing in education. Ekandjo stressed the pivotal…

18 Jan

Trustco needs N$2.4 billion to tap into Namibia’s economic potential

info_e12wt4csObserver MoneyTrustco needs N$2.4 billion to tap into Namibia’s economic potential

Martin Endjala Trustco Group Holdings Limited is set to raise N$2.4 billion from shareholders to tap into Namibia’s economic potential. This pivotal transaction with key shareholders is said to underscore confidence in Namibia’s bright economic prospects and Trustco’s time-tested capabilities to channel investment into high-growth areas. Trustco and United States fund Riskowitz Value Fund LP (RVF) will enter into an option to make a cash investment of up to N$950 million into Trustco, entrenching RVF as a key anchor foreign investor. The capital will provide Trustco with the unparalleled financial muscle to capitalise on new opportunities and strengthen existing investments…

18 Jan

N$20,000 reward offered for the capture of fugitive Rebebe

info_e12wt4csNational News000 reward offered for the capture of fugitive Rebebe, N$20

Niël Terblanché The Namibian Police have announced that Bank Windhoek is offering a reward of N$20,000 for information leading to the arrest of Nico Hijendepi Rebebe, the man who attempted to steal N$200 million from the bank’s Opuwo branch over the past weekend. Deputy Commissioner Kauna Shikwambi, head of the Namibian Police’s Public Relations Division, revealed that in the meantime, two of Rebebe’s accomplices, a 34-year-old man named Untag Kamati, and a 19-year-old girl named Fenni Megameno Ankoshi, have been arrested and charged with fraud and theft. “The two accomplices appeared in the Opuwo Magistrate’s Court on charges of theft…

18 Jan

Nghaamwa demands full payment for the alleged breach of a cattle sale agreement

info_e12wt4csNational NewsNghaamwa demands full payment for the alleged breach of a cattle sale agreement

Hertta-Maria Amutenja Former governor of the Ohangwena Region, Usko Nghaamwa, is pursuing a payment of N$143,000 from David Shivute Henghali, following an alleged breach of an oral sale agreement involving 13 heads of cattle. According to court documents filed at the Windhoek High Court, Nghaamwa claims that in September 2020, in Rundu, he agreed with Henghali to sell the cattle for a total sum of N$143,000. The agreement, as detailed in the particulars of the claim, specified that Henghali would pay the purchase price once the cattle were made available for collection. “The cattle were provided by the Plaintiff in…

18 Jan

Namcor and GALP collaborate to build capacity in Namibian petroleum industry

info_e12wt4csNational NewsNamcor and GALP collaborate to buildcapacity in Namibian petroleum industry

Niël Terblanché The National Petroleum Corporation of Namibia (Namcor) has embarked on a two-year capacity-building partnership with Portuguese oil giant, GALP Energia, with a vision to enhance the skills and competencies of future employees in both the downstream and upstream sectors of the petroleum industry. This groundbreaking agreement will facilitate the exchange of knowledge and technical expertise between the two entities, paving the way for significant advancements in Namibia’s burgeoning petroleum sector. Under the umbrella of the agreement, Namcor and GALP officials will collaboratively identify key areas of focus. For the upstream sector, their attention will be drawn to cutting-edge…

18 Jan

Koës village borehole water level is precariously low

info_e12wt4csNational NewsKoës village borehole water level is precariously low

Martin Endjala Concerns are growing as water levels in the Koës village borehole have dwindled to just 20 feet, primarily due to the prolonged absence of rainfall in the Southeastern region of the //Karas Region. Willem Labuschagne, Councilor of the Keetmanshoop Rural Constituency, voiced these concerns amid predictions of rainfall across most parts of Namibia by the Namibia Meteorology Service’s Chief Forecaster Operations, Odillo Kgobetsi. “I hope and believe it will rain soon, as the rainy season is upon us. I trust in God. In the eastern part of Koës, we have received some rain, and we now have green…

18 Jan

Mechanic accused of using GRN vehicle for personal use

info_e12wt4csNational News

Stefanus Nashama The Ministry of Health and Social Services is currently investigating allegations against a mechanic employed at Rundu Intermediate Hospital who is accused of using a government vehicle to purchase spare parts that were subsequently used to service and repair his private car. Walter Kamaya, the Spokesperson of the Ministry of Health and Social Services, confirmed these allegations yesterday. Kamaya stated that the Ministry became aware of this issue through an anonymous letter and has since established a team to conduct a thorough investigation. “The Ministry has assembled a team to investigate the case,” he said, adding that the…

18 Jan

Rapid urbanization leaves learners looking for space in schools

info_e12wt4csMain

Niël Terblanché As the new academic year got out of the starting blocks, many parents in the Khomas and Erongo regions of Namibia anxiously await news about whether their children will secure places in schools. A massive undertaking is currently in progress to create new classrooms and schools to accommodate the growing number of students in these regions. Sanet Steenkamp, the Executive Director of the Ministry of Education, Arts, and Culture, points to rapid urbanization as a primary cause of this predicament and the challenges posed by school choice. “In many cases, rural schools have plenty of space, while urbanized…

17 Jan

NAMFISA’s Gariseb to serve on International Insurance Supervisory forum

info_e12wt4csObserver Money

Martin Endjala Namibia Financial Institutions Supervisory Authority (NAMFISA) Manager for Insurance and Medical Aid Funds, Erich Gariseb, is set to serve on the International Association of Insurance Supervisors (IAIS) Risk-Based Solvency Implementation Forum. The Risk-Based Solvency Implementation Forum which aims to support Emerging Markets and Developing Economies (EMDEs) jurisdictions to advance their observance of the IAIS supervisory material and strengthen members’ supervisory frameworks, especially as they navigate the complexities of establishing risk-based solvency regimes. The Forum develops guidance for EMDE regulators on practical aspects of implementing a risk-based solvency regime and facilitates the exchange of experiences amongst regulators on the…