info_e12wt4cs – Page 851

06 May

Standard Bank joins Credit Guarantee Scheme

info_e12wt4csUncategorisedCredit Guarantee Scheme (CGS), Felicia Jooste, SMEs, Standard Bank Namibia, Standard Bank’s Enterprise Direct Manager

Staff Writer Standard Bank Namibia has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of 60 percent for qualifying SMEs applying for finance from participating commercial finance institutions. Standard Bank’s Enterprise Direct Manager, Felicia Jooste said the decision by the listed banking concern , is driven by a genuine desire to see SME’s grow and thrive in difficult economic conditions. “We are determined to help our small and medium businesses navigate these difficult prevailing conditions, hence the reason we joined the Credit Guarantee Scheme. SME’s are the lifeblood of the economy and employ…

06 May

Michael Iyambo’s woes mount

info_e12wt4csObserver MoneyAgribank, Michael Iyambo, Namibian Agronomic Board (NAB)

Kandjemuni Kamuiiri Former Chairperson of Agribank, Michael Iyambo’s continued stay as Chairperson of the Namibian Agronomic Board (NAB) remains uncertain amid indications of on-consultations being carried out by the appointing authorities over his role. Iyambo who was appointed to the NAB role in 2017, was forced out from his role as Chairperson of Agribank, amid accusations that he used his position to access personal funding from the Government-owned bank. Public Enterprises Minister, Leon Jooste, whose ministry is entrusted with ensuring governance compliance by State-owned entities, confirmed that his ministry was looking into the matter.“We will look into that after we’ve…

06 May

Air Namibia’s liquidator finalised … as creditors gun for N$895m

info_e12wt4csObserver MoneyAir Namibia, Bruni & Mclaren, Challenge Air, Namibia Airports Company (NAC), Paragon Investment Holdings

Andrew Kathindi Bruni & Mclaren were appointed final liquidator of Air Namibia at a meeting held at the Masters of the High Court on Wednesday morning. The serial liquidators were previously appointed on a provisional basis. This was the first meeting between Air Namibia and creditors after the airline’s liquidation was finalised last month by Acting High Court Judge, Kobus Miller, after the Namibia Airports Company (NAC), who are Air Namibia’s biggest creditor, had filed an application. The purpose of Wednesday’s meeting was to consider the statement of affairs (a legal document listing the assets and liabilities of the Airline…

04 May

No COVID-19 vaccines for learners

info_e12wt4csUncategorisedAstraZeneca and Covishield, Ben Nangombe, Ministry of Health and Social Services (MOHSS), Sanet Steenkamp, Sinopharm

Kandjemuni Kamuiiri Learners will not be able to get the COVID-19 vaccines currently available in the country, as they are below the prescribed age limit. Ministry of Health and Social Services (MoHSS) Executive Director, Ben Nangombe, revealed that only persons above the age of 18 are in the criteria of receiving the COVID-19 vaccine jabs (Sinopharm, AstraZeneca and Covishield) . The revelation comes as Ministry of Education, Arts and Culture recently fingered boarding and high schools as the main spreaders of COVID-19 among learners in the country. Latest figures from the Ministry of Health shows that over the month of…

04 May

Board members mass exodus on the horizon …as new cabinet directive takes effect

info_e12wt4csObserver MoneyBoard members mass exodus on the horizon, Gisbertus Mukulu, Heinrich Mihe Gaomab II, Namibia Revenue Agency (NamRA) Commissioner, Sam Shivute, State Owned Enterprises (SOEs)

Andrew Kathindi, Tujoromajo Kasuto State Owned Enterprises (SOEs) could see a mass exodus in the following months and years, with a new Cabinet directive baring Chief Executive Officers (CEOs) of SOEs serving on the board of other SOEs. The development was confirmed by Public Enterprises Minister, Leon Jooste. The new directive is the reason why Namibia Revenue Agency (NamRA) Commissioner, Sam Shivute, will not be considered for reappointment as board Chairperson of the National Housing Enterprise (NHE). Shivute had previously admitted failure during his tenure at the NHE, which is currently faced with a leadership crisis pitting senior management against…

01 May

Rangeland productivity, utilization, degradation

info_e12wt4csUncategorisedAgribank, Erastus Ngaruka

Erastus Ngaruka Rangeland is defined as an area of land with natural forage materials that are utilized by livestock and wild animals. Its productivity depends on rainfall and utilization. Rangeland plants require favorable environmental conditions and protection for their establishment, distribution, and resilience in agroecosystems or on livestock farming lands. In particular, the most important attributes to consider about rangeland productivity in grazing areas are grass vigor, density, species composition and abundance or richness amongst others. These attributes indicate, how strong and active is the grass growth after dormancy and grazing, the amount of grass yield per unit area, the…

01 May

Reparations, futile channel for egoistic masturbation, Capitalist self-enrichment

info_e12wt4csUncategorisedKae Matundu-Tjiparuro, National Assembly, Prime Minister, Saara Kuugogenlwa-Amadhila

Kae Matundu-Tjiparuro From the recent briefing to the National Assembly by Prime Minister, Saara Kuugogenlwa-Amadhila, on 16 March on the progress or lack thereof, of the genocide negotiations, it is emerging crystal clear that after all, as many critics may have predicted and suspected, it has been a futile exercise. Only for the Head of State to put the nail in the coffin thereafter announcing that the Genocide and Reparations negotiations have deadlocked. Hence the relegation of the negotiations for Reparations to negotiations for projects. Worse within the frameworks of the country’s National Development Plans (NDPs) and Vision 2030. Not…

01 May

May Day guarantees mayhem in the capital…as Harry Simon Jr. gets AC debut fight

info_e12wt4csUncategorisedAC Boxing and AC Promotion, AC Boxing Promotion, May Day Boxing Bonanza

The capital city will come to a standstill on Saturday, 1 May 2021 when the AC Boxing Promotion hosts the May Day Boxing Bonanza at the Nampower Conventional Hall in Windhoek. According to the founder of AC Boxing and AC Promotion Imms Moses, the event will be a 7 bout spectacle that will see the youngest professional boxer in Namibian history Shafa “Flame Special One” Nangolo from AC Boxing take on Gustav Petrus from Bulelo Boxing Club from the norther town of Ondangwa in the main bout. Fan favorite Harry Simon Jr. who confirmed that he recently joined AC Boxing…

01 May

Kalahari Soldier faces murder trial

info_e12wt4csObserver MoneyKalahari, Katutura, Namibia Defence Force (NDF)

Kandjemuni Kamuiiri A member of the Namibia Defence Force (NDF) who fatally shot an unarmed 32-year-old, Benisius Kalola, at Katutura’s Single Quarters during a Kalahari operation almost two years ago, is set to go on trial next week facing charges of murder. Kalola succumbed to injuries at a local hospital after he was allegedly shot in the back with an AK-47, just a few metres from his family home near the Single Quarters after being chased by armed NDF members. Mulele Darrel Nyambe is set to become the first member of the uniformed forces to face criminal charges emanating from…

01 May

Geingob in self-isolation

info_e12wt4csObserver MoneyCovid-19, president Hage Geingob

Kandjemuni Kamuiiri President Hage Geingob is in self-isolation amid COVID-19 fears. According to Presidential Press Secretary, Alfredo Hengari, the President has been in isolation since his last trip to the Zambezi region about six days ago. During the trip, Geingob met traditional leaders and the Nchindo family, following the fatal shooting of three brothers and a cousin by the Botswana Defense Force (BDF) last year. Hengari stated that this was done as a precautionary measure due to the President’s recent travels. “He has been meeting a lot of people, a weekend in Rundu, Katima so it’s a precaution measure,” he…