Windhoek Observer – Page 67 – Windhoek Observer

09 Oct

State Street boosts stake in Deep Yellow

Observer Money

Chamwe Kaira US-based State Street Corporation and its subsidiaries have increased their shareholding in uranium developer Deep Yellow Limited, which is developing the Tumas project in Namibia’s Erongo Region. The change was revealed in a filing with the Australian Securities Exchange (ASX). The filing outlines transactions involving State Street Bank and Trust Company, State Street Global Advisors, and related entities. The adjustments stem from securities lending, borrowing activities, and rebalancing of managed investment portfolios. Following the transactions, State Street and its associated entities now hold about 8.36% of Deep Yellow’s issued share capital, up from 7.36% reported in May 2025.…

09 Oct

McDermott, Petrofund to promote training in oil sector

Observer Money

Staff Writer McDermott and the Petroleum Training and Education Fund (Petrofund) have signed a Memorandum of Understanding (MoU) to collaborate on academic and industrial training initiatives in Namibia’s upstream oil and gas sector. The partnership will align with international standards to give Namibian students, job seekers, and service providers access to training, mentorship, and employment opportunities. It aims to build technical skills in engineering, fabrication, operations, and project management to prepare the local workforce for roles in the country’s growing offshore energy industry. “This MoU furthers our commitment to developing local content and building a sustainable oil and gas workforce…

09 Oct

De Beers launches Desert Diamonds

Observer Money

Staff Writer De Beers Group has launched Desert Diamonds, its first new “beacon” in more than a decade, supported by the company’s largest marketing investment in over ten years. A De Beers beacon is a celebration of natural diamonds presented through a jewellery concept that unites the industry around a central idea and inspires category-wide marketing efforts. First unveiled at the JCK Las Vegas Show earlier this year, Desert Diamonds draws inspiration from desert landscapes where many natural diamonds are found. The collection celebrates a range of colours from warm whites to champagne tones and amber hues. It uses this…

09 Oct

Has the Namibian revolution been betrayed, or is it being betrayed?

Opinions

Kae Matundu-Tjiparuro "We urgently need revolutions in all the independent African countries where the anti-colonial revolutions have not yet evolved into national democratic revolutions." They need the second phase of the African Revolution. They need national democratic revolutions.” Writes African ideologue from Botswana, the late Dr Goabonang Kenneth Shololo Koma, in his 1994 pamphlet titled The Second Phase of the African Revolution Has Now Begun. Which he was to follow up with another in which he was to propound and expound the agenda for the Second Phase of the African Revolution. It would be interesting to know if such a…

09 Oct

A call to support the spirit of the Sahel, honouring Thomas Sankara

Opinions

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) Date that lives in memory October 15th, or, for some, the dawn of the 16th, remains etched in Africa's collective conscience. It marks not merely a death, but the silencing of a revolutionary heartbeat: Thomas Sankara, the man who dared to reimagine what Africa could be. For me, this date carries a personal echo. I once had the rare honour of meeting Sankara – young, bold, and radiant with conviction. I placed a scarf around his neck not as a mere ceremonial gesture, but as a symbolic act of allegiance…

09 Oct

The allegations Nust couldn’t bury …Naomab placed on precautionary suspension

Main

Justicia Shipena The Namibia University of Science and Technology (Nust) has appointed an external firm to carry out a forensic investigation into allegations of mismanagement by its vice chancellor, Erold Naomab — allegations the university had previously denied existed. Nust Interim Council chairperson Leake Hangala said on Wednesday the decision was made to ensure an independent and transparent process following claims implicating the university’s top leadership. “The council has resolved to initiate a forensic investigation to independently and impartially examine the allegations. This step underscores our commitment to accountability, ethical leadership, and good governance,” Hangala said. The move comes after…

09 Oct

Katima council allegedly gave Green Valley free land

National News

Renthia Kaimbi The Green Valley housing development project in Katima Mulilo is under investigation following claims that 76 hectares of land were acquired for free. The investigation also involves allegations of unpaid water use and unauthorised sand mining during construction. Sources within the Katima Mulilo Town Council allege that the developer, Kayunyi Investment CC, received the land at no cost and used town water worth about N$500 000 without payment. They also claimed that the company mined sand valued between N$2 000 and N$10 000 per house during the construction of more than 100 homes without proper authorisation. These allegations…

09 Oct

Land bill still favours male heirs, says PDM’s Hengari

National News

Justicia Shipena Popular Democratic Movement (PDM) member of parliament Inna Hengari says the proposed Land Bill fails to address the deep-rooted bias that favours male heirs in communal land allocations and inheritance. She said current laws and traditional practices continue to disadvantage women in land ownership. Hengari was contributing to the general debate on the land bill in Parliament on Tuesday. The bill was reintroduced in the National Assembly last week by minister of Agriculture, Fisheries, Water and Land Management, Inge Zaamwani-Kamwi. The bill aims to establish a comprehensive legal framework that will facilitate equitable land reform in Namibia. “Women,…

09 Oct

Public will have a say on new money – Shafudah

National News

Allexer Namundjembo Finance minister Ericah Shafudah says there will come a time when her ministry, in collaboration with the Bank of Namibia (BoN), will seek public inputs on the newly launched coins and banknotes. The upgraded notes and redesigned coin series went into circulation at the end of September. Shafudah responded to questions in parliament on Tuesday from Fredrick Shitana, a member of the Affirmative Repositioning (AR), by stating that the new currency is “safe and secure” for use. Shitana had questioned the removal of the third springbok from the new N$10 note, saying it symbolised the younger generation in…

09 Oct

Sankwasa accused of ignoring Okahandja’s filth

National News

Allexer Namundjembo Okahandja community activist Shatyohamba Haihambo has accused Rural and Urban Development Minister James Sankwasa of being politically biased and selectively critical. He said Sankwasa ignored the town’s worsening sanitation problems during his recent visit. Haihambo said that while he appreciates Sankwasa’s “radical approach,” his comments often appear politically motivated and inconsistent. According to him, Sankwasa met privately with the Okahandja Town Council before addressing a community meeting but made no mention of the town’s deteriorating conditions. “Okahandja is currently the dirtiest town in Namibia, under a Swapo mayor. Yet the same Sankwasa who never misses a chance to…