Windhoek Observer – Page 644 – Windhoek Observer

17 Jan

NAMFISA’s Gariseb to serve on International Insurance Supervisory forum

Observer Money

Martin Endjala Namibia Financial Institutions Supervisory Authority (NAMFISA) Manager for Insurance and Medical Aid Funds, Erich Gariseb, is set to serve on the International Association of Insurance Supervisors (IAIS) Risk-Based Solvency Implementation Forum. The Risk-Based Solvency Implementation Forum which aims to support Emerging Markets and Developing Economies (EMDEs) jurisdictions to advance their observance of the IAIS supervisory material and strengthen members’ supervisory frameworks, especially as they navigate the complexities of establishing risk-based solvency regimes. The Forum develops guidance for EMDE regulators on practical aspects of implementing a risk-based solvency regime and facilitates the exchange of experiences amongst regulators on the…

17 Jan

Livestock presents a challenge to the development of Opuwo

Observer MoneyLivestock presents a challenge to the development of Opuwo

Niël Terblanché Opuwo, the capital of the Kunene Region, is currently grappling with an influx of livestock within its boundaries. This phenomenon has raised concerns among the Opuwo Town Council, which has issued a stern warning to livestock owners to contain their animals within designated areas. According to Karui Rikambura, the Town Council's technical director, the livestock situation within Opuwo has become increasingly problematic, with goats, sheep, cattle, and pigs now a common sight within the town limits. “Some of these animals are even brought in from neighbouring villages, exacerbating the issue. Rikambura described the situation as both concerning and…

17 Jan

World-Class Rare Earth Element Deposit Discovered in Southern Namibia”…“Twyfelskupje Deposit Sets the Stage for Economic Growth and Environmental Leadership”

OpinionsWorld-Class Rare Earth Element Deposit Discovered in Southern Namibia”

Dr Alan G Marlow In a historic discovery that is set to redefine Namibia’s economic landscape, the unveiling of the Twyfelskupje Carbonatite Rare Earths Element Deposit within EPL 6691 promises to be a game-changer for the nation. Spanning a vast 47,970 hectares in the Sperrgebiet, this world-class Rare Earth Element (REE) deposit is poised to usher in a new era of economic growth and sustainable energy initiatives in Namibia.Under the strategic leadership of Founder and Executive Chairman Wilhelm Shali, the Shali Group is gearing up for an ambitious drilling campaign at Twyfelskupje in the Second quarter of 2024. This marks…

17 Jan

The Year of Expectations: Converting uncertainty into opportunity

OpinionsThe Year of Expectations: Converting uncertainty into opportunity

Josef Kefas Sheehama This time of year is always a welcome opportunity to reflect on what is most important. His Excellency Dr Hage G. Geingob, the President of the Republic of Namibia has declared 2024 as “The Year of Expectations”. As Namibia approaches the general elections in 2024, there is immense pressure on political leaders to tackle these economic challenges and implement policies that will deliver an inclusive and competitive economy. The economy plays an important role in presidential and national assembly elections, as voters often determine their satisfaction with the incumbent administration based on perceptions of how well the…

17 Jan

Brave Warriors Historic AFCON Win Against Tunisia Marks Triumph for Southern Africa

Featured, SportsBrave Warriors Historic AFCON Win Against Tunisia Marks Triumph for Southern Africa, Deon Hotto

Brave Warriors secured their first-ever victory in the AFCON tournament, causing one of the biggest upsets in the competition’s history. The decisive moment came five minutes before the end of a tense match against African football powerhouse Tunisia, as midfielder Deon Hotto netted a stunning goal, sealing the fate of the encounter in favor of the Brave Warriors. Coach Collin Benjamin, the mastermind behind the victory, demonstrated his strategic brilliance and the team’s determination have not only written a new chapter in Namibia’s football history but also elevated the nation’s standing on the continental stage. The win against Tunisia, a…

17 Jan

Namibia tastes historic AFCON glory

SportsNamibia tastes historic AFCON glory

Niël Terblanché In a thrilling and historic moment for Namibian football, the Brave Warriors secured their first-ever Africa Cup of Nations (AFCON) victory by stunning Tunisia in a spectacular 89th-minute header from Deon Hotto. The exhilarating match took place last night at the Amadou Gon Coulibaly Stadium in Korhogo, Ivory Coast, during the opening fixture of Group E, and it has sent waves of celebration throughout Namibia and beyond. Namibia's triumph continued a trend of upsets during the early stages of the latest AFCON tournament, with Cape Verde claiming a last-gasp victory over Ghana and Egypt needing a late penalty…

17 Jan

Namibia National Chess Qualifiers Showcase Strategic Brilliance and Chess Excellence

SportsNamibia National Chess Qualifiers Showcase Strategic Brilliance and Chess Excellence

The Namibia Chess Federation (NCF) hosted the Namibia National Chess Qualifiers in Windhoek. Chess enthusiasts and players from across the country gathered for four days of competition, concluding in the selection of the top five players from both the men’s and women’s sections. The top contenders secured spots in the upcoming Namibia National Chess Championships Closed event, where they will battle for the opportunity to represent Namibia at the prestigious 2024 International Chess Federation Olympiad in Budapest, Hungary in September 2024. In the seven-round Classical Chess Tournament, which attracted both Under 20 and Senior Chess Players, The competition was fierce…

17 Jan

Road infrastructure in Katima Mulilo severely affected by floods

National NewsRaphael Liswaniso, Road infrastructure in Katima Mulilo severely affected by floods

Niël Terblanché The first significant rains of the 2024 season have brought both relief and hardship to the residents of Katima Mulilo, Namibia, as streets and residential areas have been inundated with floodwaters, particularly along Hage Geingob Drive. This flooding situation has been exacerbated by the town’s lack of adequate drainage systems, posing significant challenges to its residents. The rains began last week and were still falling by yesterday. As the rain becomes heavy, the ground becomes saturated, causing extensive flooding in low-lying areas where drainage is insufficient. Raphael Liswaniso, the Chief Executive Officer of the Katima Mulilo Town Council,…

17 Jan

TUN supports peaceful resolution of education challenges

National NewsMahongora Kavihuha, TUN supports peaceful resolution of education challenges

Niël Terblanché The Teachers Union of Namibia (TUN) has thrown its support behind the Ministry of Education, Arts, and Culture’s efforts to encourage teachers and principals to resolve challenges within the education sector amicably. The TUN’s Secretary General, Mahongora Kavihuha, expressed his agreement with the Ministry’s Executive Director, Sanet Steenkamp, who emphasized the detrimental impact of divisions in schools on the overall effectiveness of educational institutions. Kavihuha cited a troubling example of a school in the northern region, where approximately 70 percent of teachers, including the principal, have faced charges of misconduct. “Regrettably, the issue remains unresolved, underscoring the urgency…

17 Jan

CoW addresses Groot Aub water shortage

National NewsCoW addresses Groot Aub water shortage

Martin Endjala The City of Windhoek (CoW), in collaboration with the Ministry of Agriculture, Water, and Land Reform, has recently announced the successful completion of a 200-meter-deep borehole drilled at Groot Aub to address the ongoing water shortage in the area. Harold Akwenye, the Communication Manager for CoW, stated that seven additional boreholes will soon be drilled at identified locations in the city. He also welcomed the community’s enthusiasm for the new borehole and the prospect of additional boreholes in the future. Akwenye explained that the Ministry of Urban and Rural Development (MURD) has allocated a budget of N$6.8476 million…