Windhoek Observer – Page 466 – Windhoek Observer

13 Jun

Namibia ranked 8th in gender gap

Observer Money

Namibia has been ranked in the top 10 in the Global Gender Gap by the World Economic Forum. Out of the 35 economies included in the group, 21 are in the top 100, and one, Namibia, is in the top 10. The top five performers in the region are Namibia (8th, 80,5%), South Africa (18th, 78,5%), Mozambique (27th, 77,6%), Burundi (38th, 75,7%), and Rwanda (39th, 75,7%). Over half of Sub Saharan African countries (18) have closed over 70% of their gender gap, and only Chad trails behind the two-thirds mark (57,6%). World Economic Forum said that in sixth place, Sub-Saharan…

13 Jun

Etango makes progress towards mining

Observer Money

Bannerman Energy Limited has announced significant further de-risking of its Etango uranium development in the Erongo Region through the completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes. The company said the completion of FEED and the CBE has refined the outcomes of the Definitive Feasibility Study (DFS) undertaken in late 2022, delivering enhanced accuracy and key cost estimates. Bannerman is currently undertaking early works construction activities for Etango-8, in parallel with offtake marketing and strategic financing works streams. Commenting on these outcomes, Bannerman Chief Executive Officer, Gavin Chamberlain, said: “The early development of our…

13 Jun

Transforming Namibia’s Insurance Sector

Observer Money

As a continuous improvement manager in Namibia’s insurance sector, I strive daily for efficiencies, operational excellence, and innovative customer service solutions. Observing the impacts of the 4th Industrial Revolution (4IR) on our industry has been an eye-opener. While the digital revolution of the past few decades has already disrupted how we work, the 4IR represents an even greater shift, one that will fundamentally alter how we live, work, and relate to one another. What is the 4IR? The 4IR is characterised by a fusion of technologies blurring the lines between physical and digital spheres. Driven by advancements in artificial intelligence…

13 Jun

Trustco plans to diversify operations

Observer Money

Trustco Group Holdings believes that with a deleveraged balance sheet, the company can accelerate its diversification strategy to create value across its multi-sector investment portfolio. The company announced that backed by the support of the long-time anchor investors, including the founding family, Trustco has revealed a robust foundation for continued success going forward. Trustco has announced a landmark agreement to convert N$4,4 billion (USD 235 million) of debt into equity, paving the way for a planned US$100 million capital raise in the US markets. The agreement is expected to increase Trustco’s net asset value by approximately N$1,5 billion (US$79 million).…

13 Jun

Old Mutual supports Katima Mulilo entrepreneurs

Observer Money

The 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) initiative recently highlighted the remarkable talents of individuals from Katima Mulilo, culminating in the celebration of three outstanding entrepreneurs. In collaboration with the Financial Literacy Initiative (FLI) and Basecamp Business Incubators, the Old Mutual Namibia Foundation is thrilled to announce the successful winners of the 2024 OM SEED Zambezi Region. Leading the charge and winning N$50 000 is Masule Branden Nchindo, the founder of BM Success Investment, specialising in horticulture and poultry farming. Nchindo's innovative approach to sustainable agriculture and his commitment to food security have set him apart.…

13 Jun

FAO donates freezers to store vaccines

Latest

The Food and Agriculture Organization (FAO) has donated a freezer room and a cold storage room valued at approximately N$500,000 to the Ministry of Agriculture, Water, and Land Reform’s Directorate of Veterinary Services (DVS) to store animal medicine.The donation, according to a statement on Thursday, was made to the directorate’s satellite office in Nkurenkuru in the Kavango West region.These facilities are intended to aid in the fight against animal diseases and improve overall livestock health in regions north of the veterinary cordon fence.Sara Gottlieb, the State Veterinarian in Nkurenkuru, said that previously, they had to store vaccines in Rundu, a…

13 Jun

Initiative to combat content piracy launched

Latest

Multichoice Namibia together with various organisations, on Wednesday launched the Partners Against Piracy in Windhoek.The initiative aims to combat issues in the creative sector and content piracy.Multichoice Namibia managing director Roger Gertze, said the company recognise the impact of such partnerships and their ability to connect diverse audiences on a global scale."Studies have shown that pirated streams and downloads disrupt every facet of the production value chain, directly threatening those who create and deliver content and Multichoice Namibia remains resolute in its determination to combat this threat," he said.The organisations in the partnership are Business Intellectual Property (Bipa), the Namibia…

13 Jun

SWAPO DRAGGED TO COURT:

Latest

Five members of the SWAPO Party have taken legal action against their own party, seeking to invalidate a key decision made by the party's central committee to postpone the extraordinary congress to 19 April 2025. The applicants, Joshua Vaino Martins, Petrus Ndeshipanda Shituula, Aina Kalimba Angula, Reinhold Nghihepavali Shipwikineni, and Erich Chrismann Shivute, filed a Notice of Motion with the High Court of Namibia on Thursday. The motion requested the court to declare the Central Committee's decision to postpone the extraordinary congress instead of convening it 90 days after the death of the party president, Hage Geingob, invalid. The applicants…

12 Jun

Absolute final call for SIM card registration

National News

Niël Terblanché Emma Theofelus, the Minister of Information and Communication Technology, has issued a final reminder to Namibians to register their SIM cards by 30 June to avoid complete disconnection. This update is part of an ongoing national exercise that commenced in 2021, aligning with international standards and the Communications Act of 2009. While addressing Parliament on Tuesday, Theofelus pointed to the substantial progress made in the SIM registration initiative. "As of 30 April 2024, we have successfully registered 91% of active SIM cards, up from 70.6% in February. This marks a considerable increase, with 2 172 379 SIM cards…

12 Jun

ECN hosts voter registration data locally

National News

Erasmus Shalihaxwe The Electoral Commission of Namibia (ECN) has refuted claims that its voter registration data is hosted abroad by a company in Hong Kong as reported by a local daily newspaper. ECN Chief Electoral and Referenda Officer Peter Shaama said on Wednesday that the commission is dismayed by the misleading and unfounded article. He said the claims have the potential to create misperceptions among the ECN stakeholders and compromise the credibility of the voters' register. “The commission reassures its stakeholders, including members of the public, that the ECN Voter Registration System has never been and will never be hosted…