info_e12wt4cs – Page 678

23 Jun

Old Mutual to reduce unemployment through empowerment

info_e12wt4csObserver Money

Tassius Chigariro was named as Old Mutual Namibia CEO 1 January 2021 replacing Kosmas Egumbo who took up a new position as executive responsible for the Life Insurance and Asset Management companies across the rest of Africa. Chigariro talks to Observer Money about his journey and experiences in Namibia so far. Observer Money (OM): What led you to become the CEO of Old Mutual Namibia, and what motivates you to succeed in this role?Tassius Chigariro (TC): Why did I come to Namibia? The short answer is that my bosses asked me, and I said yes without hesitation. It was an…

23 Jun

Lüderitz masterplan completion expected soon

info_e12wt4csObserver MoneyLüderitz masterplan completion expected soon

Chamwe Kaira The new master plan for the port of Lüderitz which had been underway for over a year and will be completed in the coming months, Christopher Laing, director of energy and natural resources at Hyphen Hydrogen Energy said this week. The new masterplan forms part of plans to design infrastructure necessary to deliver on Namibia’s green hydrogen production ambitions. The plan is being developed by the Namibian Ports Authority, NamPower, the Port of Rotterdam and Hyphen. This is based on Memorandum of Understanding that was earlier signed between NamPort, the Port of Rotterdam and Hyphen. NamPower and Hyphen…

23 Jun

Oryx Properties, Scania Namibia go solar

info_e12wt4csFeaturedOryx Properties, Scania Namibia go solar

Oryx Properties and long-term tenant Scania Namibia installed 218 state-of-the-art solar panels on the roof of the Scania building in the Northern Industrial area, representing a substantial investment of N$ 1.4 million. The newly installed solar panels, with a total capacity of 91Kwatt, are set to transform energy consumption at the Scania facility. By harnessing the power of the sun, the solar panels will generate clean and renewable electricity, significantly reducing the reliance on conventional energy sources. This sustainable energy solution aligns perfectly with the Environmental, Social and Governance (ESG) strategies of both Oryx Properties and Scania Namibia. Clifford Marchbank,…

23 Jun

Losing AGOA status could see SA losing N$44b

info_e12wt4csObserver MoneyLosing AGOA status could see SA losing N$44b

Chamwe Kaira …. Impact on Namibia to be minimal …. Weakened rand would affect Namibian dollar …. Weak rand could pressure interest rates The biggest risk that South Africa faces with over its neutral stance regarding the Russia/Ukaraine conflict is possibly being kicked out of the AGOA pact and having its exporters lose preferential access to the US market. “This would affect around N$44 billion of our export revenue, making up almost 25% of the total exports to the US,” economist at Stanlib South Africa, Ndivhuho Netshitenzhe told Observer Money. Netshitenzhe said while this doesn’t mean that South Africa won’t…

23 Jun

IATA to improve aviation safety in Africa

info_e12wt4csObserver MoneyIATA to improve aviation safety in Africa

The International Air Transport Association (IATA) is launching the Collaborative Aviation Safety Improvement Program (CASIP) to reduce the accident and serious incident rate across Africa as part of the Focus Africa initiative. Launch partners in the program are: The International Civil Aviation Organization (ICAO), The African Civil Aviation Commission (AFCAC), The US Federal Aviation Administration (FAA), Boeing, The Airlines Association of Southern Africa (AASA). Together, the CASIP partners will prioritise the most pressing safety concerns on the continent and rally the resources needed to address them. The benefits of improving aviation safety in Africa will be spread across the economies…

23 Jun

NEFF worried about visa-free entry for Chinese

info_e12wt4csFeaturedNEFF worried about visa-free entry for Chinese

Stefanus Nashama The Namibian Economic Freedom Fighters (NEFF) Leader, Epafras Mukwiilongo, yesterday said the visa-free entry for Chinese nationals in Namibia for 30 days will affect the Namibian business industry and increase the high unemployment rate among the youth of the country. Mukwiilongo said he understands that the Chinese are protected by their government in Namibia while the Namibian Government is sleeping on duty to protect its citizens in China. He stressed that the visa-free entry for Chinese nationals is not in the interest of Namibians, that it is in the interest of the Chinese themselves because Namibian citizens do…

23 Jun

PM wants Namibians to take ownership of NDP6

info_e12wt4csNational NewsPM wants Namibians to take ownership of NDP6

Martin Endjala Prime Minister Saara Kuugongelwa-Amadhila has urged all Namibians to take ownership of the Sixth National Development Plan, stating that it should be a rallying call for all Namibians to achieve what they want. She made these remarks yesterday during the Launch of the NDP6 formulation process in Windhoek, which will be officially launched in March 2025. The first consultative conference is slated for May next year and the second conference with the wider public is slated for September next year. Kuugongelwa-Amadhila emphasized that the NDP6 serves as the developmental goal framework which creates great significance to Namibia’s planning,…

23 Jun

Kandjeke declares Zambezi CRO’s employment illegal

info_e12wt4csNational News

Hertta-Maria Amutenja The extension of the employment contract of the Zambezi Chief Regional Officer, Regina Ndopu-Libunda which was effective from March 2016 until February 2021 was unlawful, Auditor General, Junias Kandjeke found. Kandjeke made the finding in a report on the accounts of the Zambezi Regional Council for the financial year which ended in March 2020. The report was submitted in parliament this week. Ndopu-Lupinda is still employed as the Chief Regional Officer of the region. According to Kandjeke, the extension of the contract was not recommended by the Public Service Commission and there was no evidence to provide if…

23 Jun

Current export value of agronomy product at N$311.3

info_e12wt4csNational News

Stefanus Nashama The Namibia Statistics Agency (NSA), in its statistical bulletin, says during the first quarter of 2023, the total export of agronomy products was valued at N$311.3 million, while the import bill for the same period amounted to N$518.3 million. NSA Statistician-General and Chief Executive Officer, Alex Shimuafeni released this in the quarterly agriculture, and fishing indicators statistical bulletin, this month. According to him, the NSA indicates that Maize was exported to the value of N$311.1 during the review quarter, mainly for export. In terms of import of agronomy products, Maize and Wheat contributed the highest to the import…

23 Jun

Close corporation amendment bill tabled

info_e12wt4csNational NewsClose corporation amendment bill tabled

Martin Endjala The Minister of Industrialization and Trade Lucia Iipumbu yesterday tabled an Amendment Bill to the Close Corporation Amendment Act No. 26 of 1998 in parliament after Namibia underwent her second peer-review evaluation by the Eastern and Southern African Anti-Money Laundering Group (ESAAMLG) and the Financial Action Task Force (FATF). The outcomes of the peer review necessitate a piecemeal amendment of the Act to avoid Namibia from being greylisted. She said that while the government is prioritizing the findings from the peer review, the government is also cognizant of the fact that the review of the law should be…