info_e12wt4cs – Page 690

02 Jun

TransNamib to upscale manganese transportation to 30 000 tonnes

info_e12wt4csObserver Money

Chamwe Kaira TransNamib Holdings plans to double the transportation of manganese to the port of Lüderitz from the current 15 000 tonnes to 30 000 tonnes. The manganese comes Northern Cape in South Africa for export via Lüderitz. This development follows the reviving of the Aus to Lüderitz railway line after 20 years of dormancy. It is currently moving about 15 000 tonnes of manganese per month between Ariamsvlei and Lüderitz. “This route has become a major revenue-generating source for TransNamib, and we are in the process of upscaling the tonnage of manganese moved to 30 000 tonnes per month,…

02 Jun

GIPF vows to invest more in the development of the country

info_e12wt4csNational NewsGIPF vows to invest more in the development of the country, Nillian Mulemi

Martin Endjala The Government Institutions Pension Fund (GIPF) has reiterated its commitment to invest more in the country’s developmental sectors in an effort to uplift the livelihoods of people in all of Namibia’s regions by bringing services closer to them. The Fund’s Board of Trustees Chairperson, Nillian Mulemi revealed the plan during the official opening of a GIPF satellite office in Mariental in the Hardap Region on Wednesday. Mulemi said the opening of the satellite office was necessitated by a call from its members in the region who had to travel long distances to and from Keetmanshop or Windhoek to…

02 Jun

Natural ambassadors are key to development of their home countries

info_e12wt4csNational NewsInternational Organisation for Migration (IOM), Natural ambassadors are key to development of their home countries

Niël Terblanché The International Organisation for Migration (IOM), with the support of the Southern Africa Migration Management (SAMM) project, organized a regional capacity development workshop on the engagement of people living in the diaspora as natural ambassadors for their countries. The capacity development event contributed to building the technical and institutional mechanisms at the national levels on diaspora engagement and ensuring that the member states have the requisite capacity to engage their community in the diaspora, effectively. In order to support the creation of common approaches towards diaspora mapping and engagement, the IOM Diaspora Mapping Toolkit provides users with practical…

02 Jun

Deep Catch to open frozen food facility in Zambia

info_e12wt4csObserver Money

Deep Catch Group, the Namibian company, which is engaged in wholesale, distribution and cold storage of perishable foods in Namibia and the Southern African Development Community Region, plans to open a frozen food facility in Zambia. Jared-Dwight Geyser, founder and managing director of Deep Catch said the Zambian cold storage market is set to undergo a significant transformation with the opening of a new 5 500-pallet frozen food facility in September, Freight News reported. Deep Catch, which is a trading and logistics company has identified a gap in the market as there is currently no commercial cold storage facility for…

02 Jun

Paladin not aware of imminent proposed legislative changes

info_e12wt4csObserver Money

Chamwe Kaira Paladin Energy Ltd has noted recent commentary by the Namibian government regarding a potential desire for the Namibian Government to own a minority equity interest in mining and petroleum companies operating in Namibia, arising from comments made at a mining and energy Workshop in Swakopmund, Namibia. Paladin Chief Executive, Ian Purdy, Chief Executive Officer, said Paladin has regular ongoing dialogue with all relevant Namibian government ministries as it progresses with the restart of mining activities at the Langer Heinrich Mine. “The company confirms that it is not aware of any imminent proposed Namibian legislative changes that would affect…

02 Jun

NAC emergency drill successful

info_e12wt4csNational NewsNAC emergency drill successful

Niël Terblanché The Namibia Airports Company (NAC) has successfully completed a tabletop emergency drill at Andimba Toivo Ya Toivo Airport in Ondangwa. According to the NAC’s Marketing Officer, Dan Kamati said that the test was done to ensure that all the necessary participants in the Aerodrome Emergency Management System (AEMS) are trained up to standard and effective. Kamati said that the Andimba Toivo Ya Toivo Airport has an approved AEMS and added that it was developed in line with the requirements of Namibia Civil Aviation Regulations (NAMCARs). “The AEMS contains the requirements related to the training of the participants of…

02 Jun

There is a need to create more jobs

info_e12wt4csNational NewsThere is a need to create more jobs

Martin Endjala The Kavango East Regional Governor, Bonifatius Wakudumo believes that there is a dire need to evaluate industries which can create sustainable employment. He is of the opinion that with the proper implementation and establishment of Green Schemes, agriculture can be a huge enabler for addressing unemployment. The Governor said this while attending a public hearing on Youth Unemployment by the Parliamentary Standing Committee on Human Resources and Community Development on Wednesday. “Irrespective of the issues we have as political parties, the real issue here is youth unemployment,” said Wakudumo. The Governor pointed out that the region has the…

02 Jun

Stimulus Investments declares N$3.5m dividend

info_e12wt4csObserver Money, Uncategorised

Chamwe Kaira Stimulus Investments Limited has declared N$3.5 million (2022: N$ 9.3 million) as a final dividend to the preference shareholders. This translates into a dividend of N$ 0.76 (2022: N$2) per preference share based on 4,650,786 preference shares in issue. “The preference dividend amount represents the total realised cash returns of Stimulus, after adjusting for fair value gains, for the financial year ended 28 February 2023,” in financial results for the year ended 28 February. Stimulus total assets under management amounted to N$651.1 million (N$648.8 million) which included the sale of investments to the value of N$75.2 million during…

02 Jun

ANIREP delays publication of annual results

info_e12wt4csObserver Money

Chamwe Kaira Alpha Namibia Industries Renewable Power Limited (ANIREP) has asked the Namibia Stock Exchange for an extension for the publication of audited annual results for the year ended 28 February 2023. The ANIREP Board of Directors told shareholders and the general public this week that the restatement procedures relating to the 2021 and 2022 financial years has delayed the preparation and finalization of the ANIREP’s financial statements for the year ended 28 February 2023. “Consequently, ANIREP will not be in a position to publish its audited financial statements for the year ended 28 February 2023 within 3 months, as…

02 Jun

Kenyan made car tested off road in Namibia

info_e12wt4csObserver Money

Chamwe Kaira An adventurous couple, Paul Simkin and his wife Pauline Vaughan bought a Kenyan made car, Mobius 111 and decided to travel from the Kenyan capital, Nairobi through Southern Africa countries including Namibia. Simkin and Vaughan were this week still on their Southern Africa adventure. Their Namibian leg of the of the adventure was described as breathtaking. The couple drove off road in Namibia to experience the roads and the natural beauty of Namibia. “They are currently in Namibia enjoying the off-road experience with Mobius 111. The photos and scenes are breathtaking,” said Mobius Motors, the makers of the…