Observer

6509 Posts
NCCI takes aim at Banks
16 May

NCCI takes aim at Banks

ObserverUncategorised,
Staff Writer The Namibia Chamber of Commerce and Industry (NCCI) has raised concern over relief measures offered by commercial banks. NCCI Chief Executive Officer Charity Mwiya speaking during a meeting with the Bank of Namibia (BON) Deputy Governor Ebson Uanguta, accused banks not delivering on promises made to assist businesses negatively affected by the effects of COVID-19. “For example banks are swift in offering debt servicing holidays, but that such offers preclude interest reduction. To add salt to injury by adding administrative charges, treating a payment holiday as a new loan or credit facility, in doing so expecting borrowers to…
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16 May

The meal has been eaten; the bill must be paid

ObserverNational News
The real challenge the president faces is not cancelling car purchases or termination of special advisors to regional governors, but how the Eurobonds taken in US dollar currency will be re-paid on time. The US$500 million bond taken out in 2011 is due in October 2021. That means nearly N$9.3 billion will be payable to those holding the bonds in about 17 months. These monies borrowed during the presidency of Hifikepunye Pohamba have long since been spent. The meal has been eaten, now the waiter is hovering near the Namibian table with the portable swipe machine ready, watching us. The…
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Northern learners face e-learning exclusion
16 May

Northern learners face e-learning exclusion

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Andrew Kathindi Over ‭240,000‬ learners in the Oshikoto, Oshana, Otjozondjupa and Ohangwena region will not be reached by e-learning as teachers scramble for alternative teaching methods, education ministry officials have noted.‬‬‬ The state of emergency that was put in place last month to mitigate the spread of COVID-19 has decimated the school calendar. It has ended face-to-face learning for learners and teachers until August. Since then, teachers have been mandated to reach students electronically through online and social media platforms like WhatsApp. Last week, education executive director, Sanet Steenkamp said after teachers returned to schools on 6 May, they would…
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COVID-19 testing target only achievable in 5 years
16 May

COVID-19 testing target only achievable in 5 years

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Andrew Kathindi It could take Namibia five years to reach the target of 200,000 tests for COVID-19 if the Ministry of Health’s target of 100 tests per day is the comparative standard. Deputy minister of health, Esther Muinjangue last week said the ministry is planning to execute 100 tests per day in an effort to reach the overall national target of 200,000 COVID-19 tests as announced by health minister Dr Kalumbi Shangula in April. At that pace, it will take Namibia just over five years to reach this intended target. This comes as the ministry is still to consider mobile…
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Manganese boosts TransNamib’s volumes
15 May

Manganese boosts TransNamib’s volumes

ObserverUncategorised, ,
Staff Writer The transportation of manganese has provided a boost for TransNamib, with the company now transporting 15,000 tons per month. Manganese is mainly used in the steel industry as an alloy, playing a significant role in making steel from iron, also used in dry cell batteries and as a black-brown pigment in paint, with its main export market being China. "The route travelled has become a major revenue source for TransNamib in terms of moving manganese for our customers and the executives needed to see first-hand the operations and challenges on the route," TransNamib Chief Executive Officer (CEO) Johny…
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15 May

Cabinet conflict of interest under review

ObserverNational News
We are encouraged to read that cabinet members with conflicts of interest regarding the fisheries issue on the agenda had to step out. What concerns us is that such an action is considered new. This should have been the case from the start. A conflict of interest is “a situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity and where your separate duties to act in the best interests of two or more clients in the same or a related matter conflict.” Cabinet must always act ethically…
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Commemorative banknote to start circulating
15 May

Commemorative banknote to start circulating

ObserverUncategorised, ,
Staff Writer The N$30 commemorative banknote launched on Independence Day by the Bank of Namibia shall be available to the public as from Friday, 15 May 2020, the apex bank has announced. “ The public is also hereby informed that the N$30 commemorative banknote will only be issued at the tills, inside all commercial bank’s branches and not at the Automatic Teller Machines (ATMs),” BoN Deputy Director: Corporate Communications, Kazembire Zemburuka said. “To obtain the N$30 commemorative banknote from commercial banks, one will have to exchange an equivalent amount of the current family of banknotes or coins, for the banknote.”…
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SSC payouts expected next week
14 May

SSC payouts expected next week

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Andrew Kathindi The Social Security Commission (SSC) expects to start making payouts of N$1,000 under its stimulus package to employees from sectors hard-hit by the impact of COVID-19 starting next week. The payouts which will total N$3,000 will be spread over a three month period to sectors such as construction, farming, transport, manufacturing, retail, domestic workers and entertainment among others. SSC Executive Officer, Milka Mungunda told the Windhoek Observer although the commission was still accepting applications from employers of employees affected, it was targeting a rollout date of next week. “We hope by next week because we are still busy…
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Geingob cancels new state cars
14 May

Geingob cancels new state cars

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. . . as fuel usage is capped Staff Writer Members of the executive and public office bearers will not be receiving new cars for the next five years and their monthly fuel consumption will now be capped, on the orders of President Hage Geingob, the Presidency announced on Thursday. The decision according to the Presidency is expected to save government over N$200 million. “As part of deepening Effective Governance, the Government reform agenda and reducing expenditure, President Geingob has directed that the vehicle fleet of the Namibian Government will not be renewed for the period 2020-2025. No new vehicles…
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14 May

The selfish rich and middle classes

ObserverNational News,
Those who eat regularly, have some income, and a safe, warm place to sleep need to stop shouting so loud. Your noise is drowning out the screams from those who have nothing. These are challenging times and all of us must come down a notch or two. The selfish rich and middle classes, need a wake-up call. Someone who never has bread does not worry about not having bread. But, the person used to eating bread everyday feels bereft they miss bread for only one day out of seven. We must be careful about shifting limited resources to appease the…
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