Windhoek Observer

Niël Terblanché Saara Kuukongelwa-Amadhila, the Prime Minister of Namibia, has stressed the need for the insurance industry to adopt innovative strategies to cope with the increasing incidence of natural disasters across Africa. Speaking at the 50th Conference and Annual General Assembly of the African Insurance Organisation (AIO) in Windhoek, she highlighted the critical role of local insurance institutions in mitigating the impacts of climate-related catastrophes. Kuukongelwa-Amadhila emphasised the importance of building the capacity of local insurance markets to handle risks internally rather than relying excessively on foreign insurance placements. She advocated for the development and import of specialised insurance coverage…

Niël Terblanché The University of Namibia (UNAM), through its Dr Sam Nujoma Campus Mariculture Facility, has officially applied for an aquaculture license to farm a variety of marine and freshwater species. This application, as per section 12 (4) of the Aquaculture Act No. 18 of 2002, was made public for the information of all interested and affected parties. The campus plans to cultivate an array of species including Dusky Kob, Silver Kob, European oyster, Abalone, various types of seaweed, Tilapia, and Catfish. In its application, UNAM stated that the aquaculture activities will occupy approximately 94.6 hectare of land situated in…

Martin Endjala Trade unionists and labour experts are of the opinion that the national minimum wage, which was announced on Sunday by the Ministry of Labour, Industrial Relations, and Employment Creation, is not enough given the current high unemployment rate in the country. On Sunday, the cabinet endorsed MLIREC to introduce a national minimum wage of N$18 per hour, effective January 2025. According to labour expert Herbert Jauch, the proposed wage is equivalent to N$3000 per month if a worker completes 40 hours, which he said is an improvement compared to the N$2500 that many workers are receiving. He said…

Niël Terblanché The Ministry of Finance and Public Enterprises has announced the appointment of a new board of directors for the National Petroleum Corporation of Namibia (NAMCOR), effective from 1 July 2024. Iipumbu Shiimi announced the appointment of the new board on Friday. In his announcement, Shiimi stated that the new board is expected to bring stability and strategic direction to the company, which has recently been embroiled in multiple controversies and financial investigations. The minister said that the new board is tasked with navigating these complexities and restoring confidence in NAMCOR. The newly appointed board members are Florentia Amuenje,…