Blog – Page 1035 – News Stand

07 Aug

Eino Emvula appointed Ninety One MD

info_e12wt4csUncategorisedInvestec Asset Management Namibia, Ninety One

Staff Writer Ninety One, the asset manager born out of the rebranding of Investec Asset Management Namibia has appointed Eino Emvula to the position of Managing Director for Namibia & Africa, excluding South Africa effective 1 February 2021. Emvula who replaces James Hatuikulipi, who headed the business under its former name, will join Ninety One from Namibia Asset Management (NAM), where he was Chief Executive Officer. According to the company , over the past decade, Emvula has been instrumental in growing Namibia Stock Exchange listed NAM into the second largest third-party asset manager in Namibia after Ninety One. “I am…

07 Aug

Capricorn to exit Zambia

info_e12wt4csObserver MoneyAccess Bank Plc, Capricorn Group, Cavmont Capital Holdings Zambia PLC

Staff Writer Capricorn Group is set to directly disinvest from Zambia, after the banking group announced that it had concluded a purchase agreement with Access Bank Plc for its entire interest in Cavmont Capital Holdings Zambia PLC. Under the terms of the agreement which is still subject to regulatory approval, Access Bank Zambia will acquire the entire issued ordinary share capital, assets and liabilities of Cavmont Bank, and on completion, Cavmont Bank will become part of Access Bank Zambia and operate under the Access Bank brand. Capricorn on the other hand will hold preference shares in the enlarged Access Zambia…

07 Aug

Lazarus Jacobs appointed NBC Board Chairperson

info_e12wt4csObserver MoneyLazarus Jacobs, Namibia Broadcasting Corporation (NBC), NBC

Andrew Kathindi Cabinet has approved the appointment of Lazarus Jacobs as the new Chairperson of the Namibia Broadcasting Corporation (NBC) Board of Directors. “Cabinet endorsed the appointment of nominees to serve as members of the Board of Directors of the Namibia Broadcasting Corporation (NBC) for a period of three years effective from 1 August 2020 to 31 July 2023,” said Minister of Information and Communication Technology, Peya Mushelenga. Jacobs replaces Sven Thieme who previously served as Chairman of the NBC Board. Jacobs is the co-founder and Executive Director of Paragon Investment Holdings. He will be joined on the Board by…

07 Aug

‘Quarantine’ details for tourists emerge

info_e12wt4csObserver MoneyHealth Minister Kalumbi Shangula, Namibia, president Hage Geingob

Andrew Kathindi It has emerged that tourists coming to Namibia as part of government’s initiative to rescue the country’s tourism sector will still be subjected to a seven days quarantine period, despite government’s reluctance to phrase it as such, Windhoek Observer has learned. This comes after President Hage Geingob had said that tourists coming to Namibia will be exempted to a mandatory quarantine period but will need to remain at their first destination in the country for seven days. However, Health Minister Kalumbi Shangula told this reporter on Thursday that tourists in the first seven days’ period, will not be…

05 Aug

Police brutality must be challenged

info_e12wt4csNational NewsGanja Users Association (GUN), Ganja Users Association (GUN) of Namibia, Namibia, Police

Recently, the Ganja Users Association (GUN) of Namibia made a statement urging that higher salaries be paid to the police. They did this in response to the shameless and consistent police brutality they claim that their members endure. After seeing various videos circulating on social media where Namibian police and army members are playing judge, jury and executioner as they brutalise unarmed people, we conclude that the problem is deeper than salary level. We support more competitive salaries and benefits packages for our security officials. Of course, in this pandemic time of near-catastrophic unfunded budget deficits, there is no money…

05 Aug

FNB donates Personal Protection Equipment

info_e12wt4csObserver MoneyCovid-19, FirstRand HOPE Fund, FNB Namibia, Namibia, Personal Protection Equipment, PPE

Staff Writer FNB Namibia, through its FirstRand HOPE Fund, donated 2500 Personal Protection Equipment (PPE) kits, valued at N$810 000 to the Ministry of Health and Social Services. Erwin Tjipuka, CEO of FNB Namibia during the handover ceremony said that the banking Group was concerned about the increase in the number of COVID-19 cases in Namibia and the negative impact the pandemic has on the Namibian economy and society at large. He expressed the hope that the donation of PPE kits would assist in the further prevention of the spread of Covid-19 while protecting frontline staff, while ultimately contributing towards…

05 Aug

‘Complicated’ COVID-19 guidelines boots recoveries

info_e12wt4csObserver MoneyCovid-19, Ministry of Health and Social Services

Andrew Kathindi The recently introduced new de-isolation policy by the Ministry of Health and Social Services policy has boosted the country’s recovery figures, with a record 345 new COVID-19 recoveries having been recorded in one day as announced on Wednesday. According to the new de-isolation guidelines, which are in line with international recommendations from World Health Organization (WHO) and Center for Disease Control (CDC), state once a patient has been infected with COVID-19 for ten days and their symptoms have resolved, there is no risk that the virus can still be spread to other people. As a result, people who…

05 Aug

Kahimise offered CENORED top job

info_e12wt4csObserver MoneyCentral Northern Electricity Distributor (CENORED), City of Windhoek, Robert Kahimise

Staff Writer City of Windhoek Chief Executive Offer, Robert Kahimise has been offered the Central Northern Electricity Distributor (CENORED) top job, a move which could find the municipality without a head if he takes up the offer. The development comes as Kahimise has had a turbulent time as CEO of the municipality, a position which could play a key part in his decision on whether to take up the CENORED offer. “I did receive an offer but I have not resigned,” he told the Windhoek Observer. When quizzed if he planned to take up the offer, Kahimise was tightlipped. “I…

04 Aug

Philip Chapman appointed new RMB CEO …as Selma Kapeng takes up Group Treasurer post

info_e12wt4csUncategorisedFirstRand Namibia, RMB Namibia

Staff Writer Philip Chapman has been appointed as the new CEO of RMB Namibia replacing Conrad Dempsey who was appointed FirstRand Namibia Group CEO Designate effective 1 July 2020 , takeover reigns from Sarel van Zyl who retires on 30 September 2020. Chapman as part of his appointment which is subject to regulatory approval , will also serve on the FirstRand Namibia Executive Committee. Chapman previously headed up RMB Corporate Credit in Namibia, and was also RMB Credit co-head regionally and most recently headed FNB Commercial and Business Banking. “With Phillip’s experience both in RMB and FNB Commercial we look…

04 Aug

MTN, The GridOnline sign deal

info_e12wt4csUncategorisedGridOnline, MTN Namibia, NamPower

Staff Writer MTN Namibia has signed its first commercial contract for bulk data transmission services, provided by The GridOnline, a NamPower owned company, a move expected to grow Namibia’s ICT sector. “This significant event demonstrates another example of corporates consolidating efforts to propel the national and Southern African ICT sector forward and stabilising the framework within which development can be streamlined. The availability of reliable and affordable telecommunications is seen by both organisations as a fundamental pillar for the growth of a multitude of sectors, including education, trade and industry, medical services, tourism and entertainment, engineering and manufacturing, infrastructure development…