info_e12wt4cs – Page 530

22 Dec

Gender equality promoted through ecosystem adaptation

info_e12wt4csNational NewsGender equality promoted through ecosystem adaptation

Hertta-Maria Amutenja Environmental Investment Fund (EIF) and the Ministry of Environment Forestry and Tourism (MEFT), have joined forces to address gender equality within the Ecosystem-Based Adaptation (EBA) project in Otjozondjupa region during a two-day gender mainstreaming training in Otjiwarongo this week. During the training, Gender Young Professional from EIF Kredula Shimwandi, highlighted EIF’s commitment to gender equity and equality, underscoring the differentiated impact of climate change on genders and the necessity of involving both women and men in climate action. “Teach your boys and girls how to carry out daily activities without discriminating based on gender roles,” Shimwandi urged, emphasising…

22 Dec

Namcor considers revising retail service station expansion plans

info_e12wt4csMainNamcor considers revising retail service station expansion plans

Martin Endjala The National Petroleum Corporation of Namibia (Namcor) is contemplating a reassessment of its expansion plans for its retail service station network throughout the country. Initially, the company aimed to establish 33 service stations nationwide by 2024, but to date, only 16 have been successfully established. During a recent press conference, Namcor’s acting Managing Director, Shiwana Ndeunyema, disclosed that the company has embarked on a three-pronged strategy to address the challenges it has encountered in expanding its retail service station network. The strategy aims to identify more effective operating models to reach its expansion goals. “Whatever operating models we…

22 Dec

Erongo Regional Council reflects on 2023

info_e12wt4csNational NewsErongo Regional Council reflects on 2023

Niël Terblanché As the year 2023 draws to a close, the Erongo Regional Council held its final meeting to reflect on the accomplishments and challenges faced throughout the year. Chairperson Benitha Imbamba addressed various critical issues in her statement, emphasizing the importance of safety, environmental responsibility, and community welfare. One of the foremost concerns highlighted by Imbamba was road safety during the festive season. With an increased number of residents and visitors travelling throughout the region, she urged everyone to prioritize safety on the roads. “Do not speed and make sure when we travel that our vehicles are in good…

22 Dec

Iipinge hopes for positive results for Grade 11and 12 students

info_e12wt4csNational News

Martin Endjala Hofni Iipinge, the Swapo Party Deputy Secretary of Education, is hopeful that the Grade 11 and 12 learners who recently took their national examinations will achieve positive results that qualify them for higher education institutions. Iipinge shared his thoughts and expectations regarding the upcoming results announcement in January next year. “As we approach the end of 2023 and anticipate the outcomes, I expect favourable results in grades 11 and 12 this year. These results should enable more of our learners to pursue higher education and undertake quality courses, aligning with Namibia’s developmental needs. An educated nation contributes significantly…

21 Dec

Namdeb focus on Southern Coastal mine

info_e12wt4csObserver Money

Observer Money (OM): Describe the year 2023 in terms of the business environment? Riaan Burger, Namdeb CEO (RB): 2023 has been a challenging yet progressive year for Namdeb. Following the announcement of our Long-term plan (LTP) in 2021, it was important to drive an implementation strategy that would ensure delivery. As a result, we devised a ramp-up plan with a focus on the Southern Coastal Mine operation, which is Namdeb's mainstay and future. This ramp-up plan meant that we increased our mining capacity with a holistic view of the operations from mining, treatment as well as the machinery and equipment…

21 Dec

Momentum Metropolitan to overcome challenges

info_e12wt4csObserver Money

Observer Money (OM): Describe the year 2023 in terms of the business environment? Sakaria Nghikembua, CEO of Momentum Metropolitan Namibia (SN): Overall, the business environment remained challenging. Interest rates reached their all-time high in over 10 years. Inflation also remained relatively high. Both high interest and inflation rates, have had the effect of reducing disposable incomes, putting strain on consumers. On the other hand, the economy has started picking up, somewhat counterbalancing the interest- and inflationary effects, though economic growth rates remained fairly low. On the whole, though, the environment remained positive for business. OM: What was the biggest challenge…

21 Dec

Business showed remarkable resilience

info_e12wt4csObserver Money

Observer Money (OM): Describe the year 2023 in terms of the business environment? Sven Thieme, O&L Executive Chairman (ST): In 2023, Namibia's business environment showed remarkable resilience and growth despite global challenges. Projections indicated that Namibia's real GDP was expected to grow by approximately three percent, a positive outlook shared by organizations such as the African Development Bank and the World Bank. Key sectors such as agriculture, mining, and tourism played pivotal roles in driving this growth. Investments in irrigation and infrastructure projects injected new life into the agricultural sector, while strong demand for minerals like uranium, gold, and diamonds…

21 Dec

Operators voluntarily reduced data cost

info_e12wt4csObserver Money

Observer Money (OM): Describe the year 2023 in terms of the business environment? Emilia Nghikembua, Chief Executive Officer of the Communications Regulatory Authority of Namibia (CRAN), (EN): Affordability: At the beginning of 2023, CRAN held a consultation with operators to reduce the cost of data. As a result of this consultations operators voluntarily reduced the cost of data resulting in our improved ranking both at regional and international level: Namibia holds the 20th position in Sub-Saharan Africa. This reflects an improvement from its 2020 ranking of 27th. On a global scale, Namibia holds the 169th position, showing progress from its…

21 Dec

FlyNamibia plans to become major player

info_e12wt4csObserver Money

Observer Money (OM): Describe the year 2023 in terms of the business environment? Andre Compion, Managing Director, FlyNamibia (AC): We saw an amazing recovery in passenger numbers due to the boom experienced in tourism. The year did however present major challenges due to astronomical increases in the price of jet fuel and the weakness of the Namibia dollar against the US dollar, due to our industry’s exposure to USD-linked costs. OM: What was the biggest challenge that FlyNamibia faced in 2023? AC: Achieving revenue that would sustain operations versus maintaining the lowest possible fares. OM: What is the company looking…

21 Dec

Gondwana to announce new developments

info_e12wt4csObserver Money

Observer Money (OM): Describe the year 2023 in terms of the business environment? Gys Joubert, Managing Director Gondwana Collection (GJ): I would describe it as better. We are getting closer to pre Covid-19 conditions. We are grateful for 2023, which turned out to be a record year for us. We continued to innovate and evolve in this fast-changing environment. OM: What was the biggest challenge that Gondwana faced in 2023? GJ: High interest rates and continued seasonality in tourism were challenging. Also increased regulation and compliance in the business environment is concerning. OM: What is the company looking to achieve…