Blog – Page 265 – Windhoek Observer

30 Jul

Tuafi and the Art of Marketing

ObserverFeaturedTuafi and the Art of Marketing

Tuafi Shafombabi is a Communications and Marketing Specialist currently employed at the National Housing Enterprise (NHE) as Acting Corporate Communication and Marketing Manager. She has experience in brand management, corporate communication, stakeholder relations and social responsibility. With vast experience within the mining, agriculture, ICT and construction industry she has demonstrated public relations. A passionate and certified Public Relations specialist accredited by PRISA (Public Relations Institute of South Africa).She holds a Media Management postgraduate Diploma from Rhodes University, an Honours Bachelor’s degree in Journalism and Communication, A National Diploma in Journalism and Communication Technology from the University of Technology (NUST), a…

28 Jul

Namdia to pay N$300m dividend

ObserverFeatured, Observer MoneyNamdia to pay N$300m dividend

CHAMWE KAIRA Namib Desert Diamonds (Pty) Ltd or Namdia is expected to pay N$300 million in dividends to the government in the current financial year, the company revealed this during a presentation on Monday. In 2021/22, the company declared a dividend of N$150 million compared to N$40 million the previous year. In the 2019/20 financial year, Namdia declared a profit of N$80 million compared to N$50 million in 2018/2019. The company has been growing its profit after tax from N$61 million in 2016/2017 to N$409 million in 2022/2023 in 2022/2023. The amount of carats sold by the company has increased…

28 Jul

BoN expected to follow SA rate decision

ObserverObserver MoneyBoN expected to follow SA rate decision, Lesetja Kganyago, South African Reserve Bank

CHAMWE KAIRA Simonis Storm Securities expects the Bank of Namibia to keep the repo rate unchanged or will hike it by 25 basis points at its next monetary committee meeting on 16 August. Last week, South African Reserve Bank decided to keep the repurchase rate at its current level of 8.25% per year. The Bank of Namibia on 14 June increased the repo rate by 50 basis points to 7.75 percent “Initially we had expected the South African Reserve Bank to hike by 25 basis points, but SARB has aligned their decision with the Fed, and was further supported by…

28 Jul

NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1,32 billion in taxes

ObserverFeatured, Observer Money32 billion in taxes, NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1

The Confederation of Namibian Fishing Associations has said according to its estimates the fishing industry contributed N$1,32 billion dollars in taxes and levy contributions to the state coffers in its last assessment of the fishing industry. Namibia Revenue Agency (NamRA) executives expressed concern on what was said to be the minimal contribution of the fishing sector in taxes. Despite its massive size, NamRA officials said the fishing industry’s contribution to tax revenue was one of the lowest of major industries. Figures presented by NamRA Commissioner, Sam Shivute during a meeting with President Hage Geingob showed that compared to other key…

28 Jul

FlyNamibia looking to partner foreign carriers…Plans to link Hosea Kutako with Maun, Gaborone and Durban

ObserverObserver MoneyFlyNamibia looking to partner foreign carriers…Plans to link Hosea Kutako with Maun, Gaborone and Durban

Andre Compion, the CEO of FlyNamibia talks to Observer Money about the progress the airline is making on the market. He also talks about the process to join IATA and plans to fly to Maun, Gaborone and Durban. CHAMWE KAIRA (CK): Describe the current business status of FlyNamibia, how is the company performing at the moment? ANDRE COMPION (AC): FlyNamibia is currently performing well. Over the past year, we have dedicated significant efforts to obtain our IOSA certification, which will allow us to become an IATA member. This week, we are excited to be joining the Global Distribution System (GDS),…

28 Jul

Diamonds fetch higher outside De Beers

ObserverObserver MoneyDiamonds fetch higher outside De Beers, Namib Desert Diamonds Pty Ltd (Namdia)

CHAMWE KAIRA The government of Namibia will be in a position to negotiate for an improved sales agreement with De Beers using Namib Desert Diamonds Pty Ltd (Namdia) price recovery system that saw Namibian diamonds sold outside the De Beers system getting as much as more than 12% compared to De Beers’ diamond prices. Namdia is a wholly owned government diamond trading company that exclusively sells diamonds outside the De Beers system. The company is entitled to 15 percent of diamonds processed by the Namibian Diamond Trading company consisting of 22.6 percent above 2 carats, 76.2 percent below 2 carats…

28 Jul

Uranium earnings surged to N$3.5 billion

ObserverObserver Moneystronger uranium export, Uranium earnings surged to N$3.5 billion

Uranium export earnings surged to N$3.5 billion for the first quarter of 2023 from N$1 billion recorded in the same period in 2022. “This could be attributed to a stronger uranium export volume and the depreciation of the domestic currency. The higher export volumes were triggered by a low base effect, as shipping vessels were unavailable during the corresponding quarter of 2022,” said research firm, High Economic Intelligence. Namibia is one of the world’s top producers of uranium ranking second only to Kazakhstan. The country produces around 10% of the world’s global uranium production mainly from its large uranium mines…

28 Jul

Nations urged to enhance collective security

ObserverNational NewsNations urged to enhance collective security

Niël Terblanché Geopolitical instability influences the balance of power between nation-states leading to uncertainty, tensions, and conflicts which pose a challenge to maintaining international security. Netumbo Nandi-Ndaitwa, Namibia’s Deputy Prime Minister and Minister of International Relations and Cooperation in her capacity as the SWAPO Party Vice addressed an international roundtable discussion on international security in the context of geopolitical instability and inter-party cooperation in St Petersburg, during the Russia Africa Summit and said the people of Namibia and that of the host country have a long strong cooperation that will be cherished. “The SWAPO Party is honoured to have been…

28 Jul

Namibian President admitted to hospital again

ObserverNational NewsNamibian President admitted to hospital again, president Hage Geingob

Niël Terblanché President Hage Geingob was admitted to a hospital in Windhoek for a follow-up procedure on the aortic valve procedure he underwent in South Africa on 8 June 2023. According to a statement issued by the Namibian Presidency, the procedure in Windhoek went according to plan and Dr Geingob is in good spirits. In June President Hage Geingob was flown to South Africa to undergo a preventative surgical procedure after the presidential medical team detected a mild aortic stenosis during a routine medical checkup. At the time the medical staff advised that President Geingob be flown to South Africa…

28 Jul

Namibia admitted to the UN Water Convention

ObserverNational NewsNamibia admitted to the UN Water Convention

Martin Endjala Namibia’s accession on 8 June 2023 to the United Nations Water Convention, made it the first Southern African country to the organisation. The landmark step will help Namibia to consolidate its long-standing commitment to transboundary water cooperation in Southern Africa. By joining the convention, Namibia aims to enhance water security and foster socioeconomic development for its population of 2.5 million people. By signing the UN Water Convention, Namibia has become the first country in southern Africa and the eighth country in Africa to join. The Water Convention, otherwise known as the Convention on the Protection and Use of…