info_e12wt4cs – Page 526

09 Jan

President Geingob undergoes another minor surgical procedure

info_e12wt4csNational NewsPresident Geingob undergoes another minor surgical procedure

Niël Terblanché President Hage Geingob underwent routine colonoscopy and gastroscopy tests in a Windhoek hospital yesterday. According to a statement issued by the Office of the President, the procedure was a follow-up to Geingob’s annual medical checkup. The statement said that President Geingob always advises Namibians to undertake routine medical checkups in light of the importance of early detection and prevention of possible serious diseases. The tests on President Geingob lasted for two hours, following which the President returned to his residence. The most recent procedure follows after the President was admitted to a hospital in Windhoek in July 2023…

09 Jan

Amushelelo arrested and detained again

info_e12wt4csNational NewsAmushelelo arrested and detained again, Michael Amushelelo

Stefanus Nashama In his quest to advocate for over 100 suspended retail employees at the Oshakati-based Rani Group, social activist Michael Amushelelo found himself under arrest once again by the Namibian Police Force yesterday. His legal representative, Kadhila Amoomo, confirmed the arrest, describing it as an apparent political witch-hunt. Amoomo said that Amushelelo does not pose a flight risk and could have been summoned to court if he had violated any court orders. The lawyer accused the police of neglecting their duty to enforce the law where it is needed most. He went further to suggest that the police appear…

09 Jan

SIM card registration process must be intensified – Ndala

info_e12wt4csNational NewsDuminga Ndala, Peya Mushelenga, SIM card registration process must be intensified - Ndala

Martin Endjala Following the extension of the Subscriber Identity Module (SIM) card registration deadline from 1 January 2024 to 31 March 2024, by Information Communication and Technology Minister Peya Mushelenga, Duminga Ndala of the Landless People’s Movement stressed the need to intensify the registration process. Ndala stated that it is now the responsibility of all stakeholders to ensure that, by the set deadline, all subscribers have completed their registration. “Three months is a sufficient timeframe, but what needs to be done is to launch campaigns emphasizing the importance of registering our SIM cards, considering the lengthy period provided over the…

09 Jan

Labour ministry endeavours to restore critical job matching system

info_e12wt4csNational NewsLabour ministry endeavours to restore critical job matching system, Namibia Integrated Employment Information System (NIEIS)

Niël Terblanché The Namibia Integrated Employment Information System (NIEIS), a cornerstone of the Namibian job market, is currently experiencing intermittent interruptions and the unexpected downtime has raised concerns about its impact on both employers and job seekers. NIEIS, launched by the Ministry of Labour, Industrial Relations, and Employment Creation in Namibia, is designed to connect employers with potential employees. It requires designated employers to report job vacancies, creating a comprehensive database of employment opportunities in accordance with the Employment Service Act (Act No. 8 of 2011). Kyllikki Sihlahla, the Acting Executive Director of the Ministry of Labour, Industrial Relations, and…

09 Jan

Former Synagogue Church member shares her harrowing experience

info_e12wt4csMainFormer Synagogue Church member shares her harrowing experience, Jessica Kaimu, TB Joshua

Hertta-Maria Amutenja In an exposé, the late Nigerian pastor TB Joshua, founder of the Synagogue Church of All Nations (SCOAN), is under scrutiny for allegations of widespread abuse and torture, including rape and forced abortions, as disclosed by the BBC documentary “Disciples.” Among the survivors coming forward is Namibia Broadcasting Corporation TV anchor Jessica Kaimu, a 33-year-old local media personality, who shed light on the harrowing experiences within the walls of the SCOAN. Jessica recounts her journey, which began at the age of 17 when she was drawn to the Synagogue Church through Emmanuel TV. Initially, the church seemed like…

08 Jan

Standard Bank looking for new chairman

info_e12wt4csObserver Money

Standard Bank Namibia has informed shareholders that because of regulatory processes that must still be finalised in relation to the appointment of a new chairman for the organisation, the tenure of Herbert Maier as a director and chairman on the board of SBN Holdings Limited and Standard Bank Namibia is herewith extended until further notice. The firm had said in September that it had extended of tenure of the chairman of the board of directors of the organisation until 31 December 2023. Maier was appointed to the SBN board of directors on 1 October 2010 as an independent non-executive director…

08 Jan

Drop in manganese exports could hit Lüderitz

info_e12wt4csObserver MoneyDrop in manganese exports could hit Lüderitz, United Manganese of Kalahari (UMK)

In what could be bad news for the port of Lüderitz, which is used to export manganese from South Africa, United Manganese of Kalahari (UMK) has announced that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being. “Softened demand side conditions have informed our decision to ease production and sales,” said UMK chief executive Malcolm Curror. He added that the company will return to normalised outputs when the market recovers. Curror noted that the temporary slowdown in production and sales…

08 Jan

Oil rig leaves Namibia

info_e12wt4csEnergy, Observer MoneyDeepsea Bollsta, Oil rig leaves Namibia

Northern Ocean Ltd, which has been operating an oil rig offshore Namibia has said that a subsidiary of Shell Plc did not exercise the remaining option available under the Deepsea Bollsta contract for work in Namibia. The Deepsea Bollsta is available from June 2024, and the company continues its ongoing dialogue with potential customers in the West African region and in harsh environment markets. The Deepsea Bollsta successfully transited from Norway to Namibia in December 2022 and commenced drilling exploration and appraisal wells in the Orange Basin. “The rig has maintained outstanding performance with the crews demonstrating the superior capabilities…

08 Jan

Osino, Dundee deal sealed

info_e12wt4csObserver MoneyDundee deal sealed, Dundee Precious Metals Inc., Osino

Osino Resources has announced that it has completed the initial tranche of its previously announced non-brokered private placement of common shares of the company to Dundee Precious Metals Inc. The company issued 4,424,779 Common Shares to DPM at a price of C$1.13 per common share for aggregate gross proceeds to the company of C$5,000,000.27. The initial tranche of the offering was completed in connection with the arrangement agreement dated 17 December, between Osino and DPM whereby DPM will acquireall of the issued and outstanding common shares of Osino pursuant to a court-approved plan of arrangement. After giving effect to the…

08 Jan

International reserves drop to N$50.6 billion

info_e12wt4csObserver MoneyInternational reserves drop to N$50.6 billion

The Bank of Namibia’s stock of international reserves declined in November by 1.5% month to month to N$50.6 billion, relative to N$51.4 billion in October. The central bank said the decline is attributable to higher commercial bank outflows as a result of a rising import bills. The foreign reserves translated into 5.1 months of import cover, continuing to remain above the international benchmark of three months and adequate to support the Namibia Dollar and the South African Rand currency peg. The central bank said the overall liquidity position of the banking industry decreased at the end of November. The industry’s…