Observer

8014 Posts
10 Sep

Going broke makes you look closer

ObserverNational News
There is a silver lining to the country’s current economic state of near collapse. The tenderpreneurs, 10-percenters, inside traders, embezzlers, tax evaders, and loophole exploiters have reduced income streams. There is not enough left in state coffers to feed waste and corruption. The public demand to fulfil existing state obligations and handle the pandemic trumps all. Going broke has made the officials that should have been watching the bottom line, wake up and watch the money better. Now that the Treasury’s accounts have cobwebs instead of cash, questions are finally being asked about where it all went. Closer looks are…
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NAMDIA declares N$80 million dividend
10 Sep

NAMDIA declares N$80 million dividend

ObserverUncategorised,
Clifton Movirongo Namib Desert Diamonds (Pty) Ltd (NAMDIA) has declared a N$80 million dividend payable to the Government of Namibia for the financial period 2019/2020. The company’s full year profit after tax amounted to N$95.2 million, down 41 percent from prior year’s N$161.9 million, with N$63 million paid in taxes to the Ministry of Finance. NAMDIA also paid export levy amounting to N$19 million for the period under review. “NAMDIA performed relatively well during 2019/2020, despite an extremely challenging year for the diamond industry. This positive financial performance is attributed to a well-executed strategy that focuses on revenue maximization for…
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No voting day extension – ECN
10 Sep

No voting day extension – ECN

ObserverObserver Money
Andrew Kathindi The Electoral Commission of Namibia (ECN) has ruled out the possibility of the upcoming regional council and local authority elections taking place over more than one day. This comes amid concerns that COVID-19 could impact on voting due to health and safety restrictions, with Popular Democratic Movement (PDM) leader McHenry Venaani has urged the ECN to consider a new strategy which will allow more time for people to vote. “There are people calling us from the regions saying I'm afraid to even go and stand in the queue to register because I do not know if I am…
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FIC flags N$17 billion worth suspicious transactions
10 Sep

FIC flags N$17 billion worth suspicious transactions

ObserverObserver Money, ,
Staff Writer Financial Intelligence Centre (FIC) during its financial year ending year ended 31 March 2020 says it flagged transactions worth N$17 billion which it suspects to be proceeds of crime and are now subject to investigation by law enforcement agents. During the period under review, the centre, according to its annual report contributed to 84 investigations conducted by various law enforcement authorities. “The top five underlying predicate offenses investigated include fraud, corruption, poaching, dealing in drugs, illegal deposit taking/pyramid schemes and money laundering. Furthermore, investigations by these law enforcement agencies with assistance of the Office of the Prosecutor General…
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Kayone admits Angolan voter registration . . . as church, ECN officials are fingered
10 Sep

Kayone admits Angolan voter registration . . . as church, ECN officials are fingered

ObserverObserver Money,
Helena Johannes Swapo Omusati regional coordinator Sackey Kayone has confirmed to the Windhoek Observer that Angolan nationals are being registered to vote in Namibia. He said his office had received a report from Okalongo councilor’s office on Tuesday stating that church leaders together with individuals from the Electoral Commission of Namibia (ECN) are assisting Angolan nationals to get voting cards. “The story of Venaani is misleading because it is not the councilors who are involved in this issue, but these Angolans are being assisted by church representatives together with some individuals from ECN to get voting cards,” he told the…
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Local referees undergo FIFA online course
09 Sep

Local referees undergo FIFA online course

ObserverUncategorised
Namibia Football Association (NFA) match officials are being taken through the ropes through the FIFA Member Association (MA) Elite Referee Online Course this week. The course is designed to develop and train referees remotely in order to be as safe as possible. The course will involve video presentations, online polls and questions-and-answer sessions. The four-day FIFA MA Referees online course which has thirty-five participants is being conducted by Tracy Lovell (Physical Instructor) and Ali Ahmed (Technical Instructor). Due to the major impact of the Covid -19, FIFA has been searching for alternative ways to continue their mission of supporting and…
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09 Sep

Cherry picking morality breeds hypocrites

ObserverNational News,
The negative moralistic voices on the topic of abortion are ‘Christian hypocrisy’ when it comes to their silence in the fight against rape. There are far more rapes and sexual assaults in Namibia than there are abortions (legal or back-alley). And yet, there is an overflow of letters to the editor, marches and articles claiming that the exercise of reproductive rights is murder. There is the silence of the tomb about the murder of the soul of a rape victim. You cannot cherry-pick moral outrage (however you define it). You cannot pray to condemn abortion and then pretend that rape…
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FNB records Q2 house prices softening
09 Sep

FNB records Q2 house prices softening

ObserverUncategorised
Staff Writer FNB Namibia says although market sentiments point to further declines in house prices due to expected distressed sales, it is of the opinion that price contractions have reached their peak. “House price gains were notable in the Coastal and Northern regions, registering growth of 8 percent and 6 percent y/y respectively. Meanwhile, double digit contractions in house prices of 10.8 percent and 13.8 percent y/y were recorded in the central and southern regions due to affordability issues. As a result, the elevated demand for land in the central region led to a 12-month average price growth of 14.2…
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Venaani rules out support for lockdown extension
09 Sep

Venaani rules out support for lockdown extension

ObserverObserver Money, ,
Helena Johannes Popular Democratic Movement (PDM) leader, McHenry Venaani has vowed that his party will not support any extension of the state of emergency, which President Hage Geingob instated earlier in the year. This comes as the President will require a two/third majority (66 members of the 95 voting members) to be able to extend the six month state of emergency which is set to lapse next week on 17 September. According to Venaani, his party will lobby other opposition parties against the extension of the state of emergency which will now require parliament approval. “The state of emergency and…
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Tourism sector loses N$116m in cancellations . . . As Ministry announces amended arrival protocols
09 Sep

Tourism sector loses N$116m in cancellations . . . As Ministry announces amended arrival protocols

ObserverObserver Money, ,
Clifton Movirongo The Tourism Ministry has announced that the tourism industry has recorded net cancellations of N$115.7 million since the announcement of implementation protocols of the tourism revival initiative. This comes as Namibia recorded zero arrivals in the first week of its tourism initiative, which kicked off on 1 September. The Ministry has now announced amendments to its initial protocols in a bid to attract tourists to the country. According to Tourism minister Pohamba Shifeta the revision, will allow some flexibilities to the implementation protocols, while balancing the necessary health and safety measures. “Upon arrival at the Hosea Kutako International…
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