info_e12wt4cs – Page 458

12 Jan

Exclusive Interview with the Executive Director of NYSDP, Isa Saidi

info_e12wt4csSportsExclusive Interview with the Executive Director of NYSDP, Isa Saidi

Name : Isa SaidiDate of Birth : 24 DecemberPlace of Birth : Kamativi Town - ZimbabwePosition : Founder and Executive DirectorOrganization : National Youth Sports Development Platform Can you provide a brief overview of your involvement in sports and what career path you have chosen?My journey started in football, from my early days as a player at the primary and secondary levels, to a stint with Kadoma United FC in the second division. It was during this time that I recognized the abundance of untapped talent and chose to channel my efforts into the development of football.Transitioning from being a…

12 Jan

Bannerman receives mining licence

info_e12wt4csObserver Money

Bannerman Energy Ltd has received the mining licence for its flagship Etango Uranium Project. “Our team in Namibia were very excited to receive the mining licence for the Etango uranium project. The project is now fully permitted and shovel ready as 2024 begins,” the company said this week. This comes on the heels of the news that France has announced plans to build an additional eight nuclear reactors on top of six already planned. It was also announced recently that the United Kingdom had made a landmark £300 million investment to become first nation in Europe to produce enriched uranium…

12 Jan

Out with Revival without revival in with Expectations!!!

info_e12wt4csOpinionsOut with Revival without revival in with Expectations!!!

Kae Matundu-Tjiparuro The year 2023 was not only declared as one of revival by the government itself but also confirmed, ironically and strangely by the government itself, as indeed by its economic apparatchiks and would be economic, political and social analysts as indeed one of revival. Not that Yours Truly Ideologically would have any beef with the self-glorification and justification by the government of the day. As during its existence over close two five-year terms this has been one of its hallmarks. With little if any serious independent analyses by Namibia’s would be independent and serious analysts, other than the…

12 Jan

BoN sets monetary policy dates

info_e12wt4csObserver Money

The Bank of Namibia has set dates for the Monetary Policy Announcements for 2024. The Bank of Namibia's Monetary Policy Committee (MPC) meets every two months to announce its interest rate decision and the broad direction of monetary policy. The 2024 Monetary Policy Announcement dates for 2024 are as follows: 14 February, 17 April, 19 June, 14 August, 23 October and 4 December. Looking back at the monetary decisions the bank made last year, February saw the MPC deciding to increase the repo rate by 25 basis points to 7%. The increase in the repo rate effectively brought the prime…

12 Jan

Government bonds returned 17.4% in 2023

info_e12wt4csObserver Money

Cirrus Capital has stated that in the calendar year 2023, Namibian government bonds returned 17.4% on the back of substantial spread compression. Cirrus Capital, which focuses on corporate advisory, capital raising and research said spreads declined by an average of 119bps across the curve, with the most notable declines across the long end of the curve (GC37 – GC50), down on average 214bps. In the review of the Namibia Stock Exchange, Cirrus Capital said amongst the primary listed shares on the NSX, Standard Bank Namibia was the best performing in 2023, with a total return of 114%, whilst Paratus Namibia…

12 Jan

Nearly N$10 million worth of drugs seized in December

info_e12wt4csNational NewsDeputy Commissioner Kauna Shikwambi, Nearly N$10 million worth of drugs seized in December

Hertta-Maria Amutenja The Namibian Police Force (NamPol) has seized a staggering N$9 074 362.40 worth of drugs during the period of 1-31 December 2023. The operation led to the arrest of 112 individuals, including 109 Namibians, one Burundian, one Motswana and one Zambian nationals. According to NamPol Spokesperson Deputy Commissioner Kauna Shikwambi, the seized substances include 885 830.24kg of cannabis, 762 full tablets of Mandrax, 196.2 units of crack cocaine, and 210 grams of Methcathonine(cat). Expressing concern over the impact of illicit substances on the youth, Shikwambi appealed to the public for assistance in curbing these crimes. “Illegal substances are…

12 Jan

Inflation at 5.9% in northern regions

info_e12wt4csObserver Money

The annual inflation in Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati) rate stood at 5.9% during December 2023 compared to 6.5% registered during December of the preceding year. The slowdown in the annual inflation rate emanated mainly from the slow increases registered in the price levels of transport (from 13.9% to 4.5%); food and non-alcoholic beverages (from 12.5% to 6.4%); hotels cafes, and restaurants (from 5.7% to 2.4%) and clothing and footwear (from 3.9% to 1.6%). On a monthly basis, the inflation rate registered a decline of 0.2% compared to 0.3% recorded during the preceding month. In Zone…

12 Jan

The annual Inflation Rate increased by 3.4 percent

info_e12wt4csNational NewsThe annual Inflation Rate increased by 3.4 percent

Martin Endjala Namibia’s annual inflation rate for housing, water, electricity, gas, and other fuel components, which account for 28.4 percent of the consumer basket, saw a significant improvement as it registered a 3.4 percent increase in December 2023 compared to the 2.1 percent observed in December 2022. The country’s overall annual inflation rate stood at 5.3 percent in December 2023, showing a decline from the 6.9 percent recorded in December 2022. Every month, the inflation rate for December 2023 recorded a deflation of 0.1 percent, a decrease from the 0.3 percent recorded in the preceding month. These statistics are based…

12 Jan

Diamond developments to watch

info_e12wt4csObserver Money

Rapaport has outlined five developments to watch this year. These include US sanctions on Russia that came a long way in 2023, with US President Joe Biden signing an order banning Russian diamonds even if they were manufactured in a third country. The European Union has also announced sanctions and outlined some of the rules for how they will work. However, many unanswered questions remain. It’s likely that 2024 will shed more light on the finer details. The other issue is the De Beers-Botswana deal. Following long and sometimes strained negotiations, the government of Botswana has reached an agreement with…

12 Jan

NamRA launches second time release study at Trans Kalahari Border Post

info_e12wt4csNational NewsNamRA launches second time release study at Trans Kalahari Border Post

Niël Terblanché The Namibia Revenue Agency (NamRA) has announced the commencement of the second Namibia Time Release Study (TRS) at the Trans Kalahari Border Post in the Omaheke Region The Time Release Study, set to take place from 15 to 25 January 2024 is an internationally recognized tool developed by the World Customs Organisation (WCO), serves as a strategic method to measure the actual time required for the release and/or clearance of goods. According to Yarukeekuro Ndorokaze, the Chief of Communications and Support Engagements of the NamRa, the process involves tracking cargo from the moment of arrival until its physical…