Blog – Page 22 – News Stand

12 Jun

Simon-Ninja fight proceeds despite warning

info_e12wt4csFeatured, Sports

Erasmus Shalihaxwe Organisers of the boxing bonanza featuring veteran boxer Harry Simon and ex-convict Paulus “Ninja” Shimwefeleni say the event will go ahead, despite a warning from the Namibian Boxing Control Board (NBCB) over non-compliance with the Boxing Act. On Wednesday, the NBCB issued a public notice cautioning against the planned event, which is being organised by Faith Foundation and Harry Simon Onkugo Promotions. The board said the event is not officially approved. While Harry Simon Onkugo Promotions is a licensed promoter, the board said it has not received a formal application for the event. It added that Faith Foundation…

12 Jun

RMR donates sports gear to athletes

info_e12wt4csSports

Niël Terblanché Reptile Mineral Resources and Exploration (Pty) Ltd (RMR) has donated sportswear worth N$55 000 to the Dome High Performance Centre’s Athletic Club and its Future Stars programme. The handover took place on Tuesday at the MTC Dome in Swakopmund. The donation included tracksuits and other sports apparel aimed at supporting grassroots and elite athletes. Coaches, athletes, and representatives from RMR and the Dome attended the event. Dr Katrin Kärner, exploration manager at RMR, said the company sees investing in sport as part of its role in supporting community development. “As a company deeply invested in Namibia’s future, we…

12 Jun

DECENTERING SINGULAR SUFFERING: A PAN-AFRICANIST PERSPECTIVE ON GENOCIDAL MEMORY AND EPISTEMOLOGY IN SOUTHERN AFRICA

info_e12wt4csFeatured, Opinions

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) Abstract This article interrogates the Eurocentric hegemony embedded in memorializing the Herero and Nama genocide (1904–1908) as Southern Africa’s singular genocidal event. Drawing on Frantz Fanon’s dialectics of colonial violence and liberation, it argues for a pan-African historical consciousness that centers the interconnected suffering of marginalized groups—including the Ovambandja, San, Ovakwanyama, Lozi, Mbundja, Ndebele, Shona, Kalanga, Xhosa, Zulu including 8 million Congolese who were massacred by the Belgians. By exposing the colonial logic of hierarchizing suffering, we call for a unified ethics of remembrance that rejects Western-defined exclusivity in justice. Introduction:…

12 Jun

Decentering singular suffering: a Pan-Africanist perspective on genocidal memory and epistemology in Southern Africa

info_e12wt4csOpinions

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) Abstract This article interrogates the Eurocentric hegemony embedded in memorializing the Herero and Nama genocide (1904–1908) as Southern Africa’s singular genocidal event. Drawing on Frantz Fanon’s dialectics of colonial violence and liberation, it argues for a pan-African historical consciousness that centers the interconnected suffering of marginalized groups—including the Ovambandja, San, Ovakwanyama, Lozi, Mbundja, Ndebele, Shona, Kalanga, Xhosa, Zulu including 8 million Congolese who were massacred by the Belgians. By exposing the colonial logic of hierarchizing suffering, we call for a unified ethics of remembrance that rejects Western-defined exclusivity in justice. Introduction:…

12 Jun

Oceana’s Namibian performance declines 14% due to catch costs

info_e12wt4csObserver Money

Chamwe Kaira Oceana Group reported a 14% drop in its Namibian performance, driven by higher catch costs, increased fuel prices, rising quota costs, and a larger share of lower-value bycatch. In its unaudited condensed consolidated interim results for the six months ended 31 March, the company said horse mackerel fishing in South Africa was limited. The Desert Diamond vessel operated in Namibia for most of the period due to low catch rates in South African waters. In Namibia, catch rates remained in line with the previous period, but sea days declined. This was due to the Desert Jewel undergoing a…

12 Jun

Trustco Group moves ahead with delisting process

info_e12wt4csObserver Money

Chamwe Kaira Trustco Group Holdings Limited has confirmed it is moving forward with its plan to delist from all its current trading platforms. These include the Johannesburg Stock Exchange (JSE), the Namibian Stock Exchange (NSX), and the OTCQX Market in the United States. The company issued a renewed cautionary announcement, stating that it is completing the final steps of the delisting process. Trustco said it will provide further information once the process is complete. Shareholders are advised to continue exercising caution when trading in Trustco securities. The group first announced its intention to delist in updates published on 20 January,…

12 Jun

Tax incentives can stimulate private sector growth

info_e12wt4csObserver Money

Chairman of the Economic Association of Namibia, Jason Kasuto, informed Observer Money that the emergence of the oil sector and the development of green hydrogen present unique opportunities for Namibia, particularly in job creation. He added that the private sector is vital for driving economic growth and job creation in Namibia. By investing in local enterprises and creating value chains that prioritise local procurement, companies can enhance their socio-economic impact, Kasuto added. Observer Money (OM): What is the EAN’s position on the rate of unemployment in Namibia and what measures can be taken to create employment in Namibia? Jason Kasuto…

12 Jun

FirstRand chair acquires shares close to N$1 million

info_e12wt4csObserver Money

Chamwe Kaira FirstRand Namibia Limited (NSX: FNB) has announced that its board chairperson, Otto Nakasole Shikongo, has acquired shares in the company worth nearly N$1 million. The transaction was disclosed in line with the Namibia Stock Exchange (NSX) Listing Requirements. According to the notice issued by the company, Shikongo purchased 19,955 ordinary par value shares at a price of N$47.11 each. The total value of the transaction, including levies and commission, was N$945,954.58. The trade was executed on 11 June 2025, with prior clearance obtained as required under NSX regulations. FirstRand Namibia is one of Namibia’s leading financial institutions and…

12 Jun

MTC regains commercial momentum

info_e12wt4csObserver Money

Chamwe Kaira Mobile Telecommunications Limited (MTC) is showing signs of commercial recovery, supported by rising revenue, growing subscriber numbers, and solid performance in the enterprise segment, according to Simonis Storm Securities. In its interim results, MTC reported a strong first-half performance for 2025, driven by improved product delivery, subscriber growth, and revenue uplift across its portfolio. The company posted a profit of N$503 million, up from N$362 million in the same period in 2024. Revenue increased by 15.8%, from N$1.57 billion to N$1.82 billion, driven by higher demand for high-speed data and value-added services, mainly from prepaid users and enterprise…

12 Jun

Andrada reports strong first quarter gains

info_e12wt4csObserver Money

Chamwe Kaira Andrada Mining continues to show strong operational progress at its Uis site in the Erongo Region, reinforcing its role in Namibia’s critical minerals sector. Chief Executive Officer Anthony Viljoen said the first quarter of 2025 saw solid performance improvements at the Uis operation. These gains were supported by upgrades made through the company’s continuous improvement programme, including modifications to the Dense Media Separation (DMS) circuit. He said these changes led to higher processing rates and increased tin production, showing improved operational efficiency and reliability. “Production of our increasingly valuable byproduct tantalum improved notably, reinforcing our multi-mineral offering,” said…