Blog – Page 312 – News Stand

25 Jul

Maize supply a major challenge

info_e12wt4csObserver Money

The Southern African region continues to face climate-related challenges that place its agricultural sector and food supply at risk. The mid-summer drought of 2024 has devastated the regional maize supplies, a staple food crop for the region. So far, the focus has been on the losses farmers are experiencing, but soon, consumer pressures will arise. At the end of February 2024, Zambian President, Hakainde Hichilema, declared a disaster after realising the country had lost over half of its maize harvest because of the drought. Zambia’s maize production in the 2023-24 season is down by over 50% to an estimated harvest…

25 Jul

Paladin Energy’s liquidity close to US$50m

info_e12wt4csObserver Money

CHAMWE KAIRA In terms of liquidity, as at 30 June, Paladin Energy, which owns the Langer Heinrich Mine has disclosed that it held cash and cash equivalents of US$48.9 million (excluding restricted cash of US$4.3 million) and US$70 million had been drawn down from the company’s US$150 million debt facility, the company said in a quarterly activities report for the period ending 30 June. Subsequent to quarter end, the company received a cash receipt of US$24.8 million representing a partial advance payment under the terms of the customer offtake agreement, in relation to the shipment on 12 July. The Langer…

25 Jul

No guarantees investments flowing in will benefit all!

info_e12wt4csOpinions

There can be no better time than now for the country to be become more vigilant over its natural resources and with the same vigour that it is currently crisscrossing the globe, like the late President Dr Hage Geingob did, looking for investors to tap into the rich natural resources of the country. Likewise there can be no better generation than the current and future one to do this. Because it behooves it to ensure that such natural resources are preserved for future generations, which is none other than them. One cannot but notice that currently it is this very…

25 Jul

2024 Election: A Challenging Election Year in SWAPO Party History: The Legacy of Dr. Kandjafa in SWAPO Party.

info_e12wt4csOpinions

Stephanus Pombili SWAPO Party is notoriously known for stifling dissent, ousting those they perceive as threats, and eliminating those who outshine them in intelligence. In 1999, Ben Uulenga was labelled with derogatory terms, and the late Hidipo Hamutenya famously voiced out "It's called outside SWAPO party," while his colleague Cde Jerry Maudjuu Ekandjo branded him a "traitor" for advocating for justice and opposing constitutional amendments. Despite this being a common practice, the SWAPO party has failed to acknowledge the internal strife it is causing. An Oshikwamyama proverb states, "What is destroying the party is within the party." Ben Uulenga went…

25 Jul

DOING WELL:

info_e12wt4csLatest

Swakop Uranium’s executive vice president, Irvinne Simataa has confirmed that the Beifang Mining Services employee, who was involved in a serious incident where a mining dump truck fell into one of the pits at the Husab Mine yesterday, is doing well and is in good spirits. Simaata made the announcement in a statement released on Wednesday evening. He said the injured employee is currently in the care of a medical team and under observation at a private hospital in Swakopmund. He added that all mining operations have resumed while an investigation into the incident is underway.Report: Martin Endjala

24 Jul

First competitive election for Namibia

info_e12wt4csOpinions

Mulopo Siseho In Namibia's 34 years of independence, the elections of 2024 will be the most competitive. The opposition political leaders, filled with high expectations, have prepared themselves and are ready to dance. win the upcoming presidential elections. The past South African 2024 elections, The ANC was baffled, which boosted the confidence of Namibian opposition leaders. Though safe, calling the previous elections uncompetitive is misguided. The recent elections in South Africa have sparked the high hopes of current opposition leaders. This has motivated them to vigorously compete for power. The same election might have also put the ruling party under…

24 Jul

NSA requires N$50.8 million for income and expenditure survey

info_e12wt4csMain

Stefanus Nashama In preparation for conducting the 2025/2026 Namibia Household Income and Expenditure Survey (NHIES), the Namibia Statistics Agency (NSA) requires N$50.8 million from the government for the next two financial years. The agency further revealed that N$43,1 million has been made available for the pilot survey, logistics, training and other related costs for the 2024/2025 financial year. The NSA’s Statistician-General, Alex Shimuafeni, announced this at the media conference on Wednesday in Windhoek. “For the 2024/2025 financial year, N$43 184 910 was made available for the pilot survey, logistics, training, and other related costs. For the 2025/2026 and 2026/2027 financial…

24 Jul

Dali Mpofu denied work visa to represent NEFF

info_e12wt4csNational News

Stefanus Nashama Prominent South African legal practitioner, Advocate Dali Mpofu and his colleague Advocate Lerato Moela were denied work permits this week by the Ministry of Home Affairs, Immigration, Safety and Security. The two arrived in Namibia to represent the Namibia Economic Freedom Fighters (NEFF) in a deregistration hearing in the Windhoek High Court on Tuesday. The ministry’s executive director, Etienne Maritz, said on Tuesday the lawyers were denied work visas after failing to submit all required documents in their applications as required under Section 85, Subsection 2, of the Legal Practitioners Act (Act No. 15 of 1995). “The decision…

24 Jul

NamWater initiates projects to address water shortage

info_e12wt4csNational News

Martin Endjala NamWater has initiated various projects across the country to address increasing water demands, including a second desalination plant in partnership with the Swakopmund Uranium at the coast. On Wednesday, NamWater’s chief executive officer, Abraham Nehemia, during an information-sharing session at the Government Information Centre (GIC) in Windhoek, said the project is a joint venture with NamWater on Wednesday. “They have the funds to complete the project. As NamWater, we were going to mobilise these funds elsewhere, which are in the region of N$2.5 to N$3 billion, in order to complete this project, but the mine has availed funds…

24 Jul

Namfisa to construct head office worth N$236 million

info_e12wt4csNational News

Martin Endjala Construction of the long-awaited new office building of the Namibia Financial Institutions Supervisory Authority (Namfisa) will begin this year and will be completed at an estimated cost of N$236 million. This was revealed by Namfisa's chief executive officer, Kenneth Matomola, during the groundbreaking ceremony on the premises of the new building in Windhoek on Wednesday. “We are not merely beginning the construction of a project. But we are embarking on a journey towards a future of enhanced service delivery and a greater impact on the financial landscape of Namibia,” he said. The new building will be located in…