Blog – Page 392 – News Stand

20 Jun

Unemployed people will make things uncomfortable for government

info_e12wt4csNational News

Erasmus Shalihaxwe Social justice activist, Michael Amushelelo has warned that if the government fails to address the unemployment situation on time, unemployed people, especially the youth, will make things uncomfortable. Amushelelo was addressing the parliamentary committee on constitutional and legal affairs during a consultative meeting at parliament on Thursday. “Crime is a result of people not having an income, and if we keep ignoring unemployment, we will face serious danger. You should bear in mind that unemployed people have nothing to lose; you as members of Parliament and politicians, have your nice cars and live a comfortable life with your…

20 Jun

Presidential neighbourhood is a crime hotspot

info_e12wt4csNational News

Martin Endjala Auasblick, the State House's neighbourhood, has become a hub for crimes such as robbery and hijacking. Many health enthusiasts use the area for exercise because of the hills and lack of traffic. The latest crime incident involved Matthias Ngwangwama, the managing director of Namibia Wildlife Resorts. On Wednesday night, robbers stole Ngwangwama's car and cell phone. Alfred Hengari, the spokesperson of State House, said that there is an investigation into the matter and assured the public that the presidential residence is secured and its safety has not been compromised. “I can assure you that the precinct of the…

20 Jun

Dippenaar convicted on six counts of murder

info_e12wt4csMain

Niël Terblanché “I have been waiting for a long time. Justice was served.” These were the words of Antonia Joschko on the steps of the Swakopmund Magistrate’s Court after Jandre Dippenaar was found guilty of, amongst others, six counts of murder. Besides Dippenaar, she is the only other survivor of a horrific car crash between a Ford Ranger and a Toyota FJ Cruiser near Henties Bay on 29 December 2014. The crash claimed the lives of her father, mother and sister, along with the lives of three young Namibians. The people who died in the horrific crash were German nationals…

20 Jun

Not much in South African GNU given colonial project of capitalism

info_e12wt4csOpinions

CAN any one coming from the background of the colonial project of the West put any premium on the much vaunted developments in South Africa, which are very much still work in progress if not very much fantasies of white liberalism as well as opportunists and liberation pretenders running out of ideas and their grands schemes being shown for what they really are and have been. Very much a neo-colonial project that it is and has been, which is part of the grand colonial project which is part of the global capitalist imperial project, which has seen the South being…

20 Jun

Shifeta to appoint environmental officers

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The minister of Environment, Forestry, and Tourism, Pohamba Shifeta, is expected to appoint environmental officers on Friday at the ministry's headquarters in Windhoek.This is in accordance with the Environmental Management Act (EMA), Act no. 7 of 2007, which promotes the sustainable management of the environment and the use of natural resources.“Given the growing number of environmental crimes regulated under Section 27 of the EMA and the limited staff complement of the Directorate of Environmental Affairs (DEA), the is activating Section 18 of EMA which gives the minister powers to appoint Environmental Officers as he or she considers necessary to carry…

20 Jun

GIPF debt swap, a possibility

info_e12wt4csObserver MoneyGIPF debt swap

CHAMWE KAIRA Moody’s Investment Services expect the government to meet the upcoming Eurobond maturity without significantly drawing down the economy's foreign reserves, including by partially refinancing the bond in international capital market by resorting to a debt-for-asset swap operation with the Government Institutions Pension Fund (GIPF) akin to the transaction performed with the US$500 million in November 2021 Eurobond maturity in the face of disrupted international capital markets. The stock of international reserves stood higher at N$55,6 billion as at 31 May, up from N$54,3 billion on 31 March supported by higher SACU receipts. According to a document shared with…

20 Jun

Demand for SA maize grows

info_e12wt4csObserver Money

CHAMWE KAIRA Namibia is on list of countries that are expected to depend on maize imports from South Africa due to the impact of the El Nino on other Southern African countries including Zimbabwe, Zambia Botswana, Namibia and Mozambique. The Namibian Agronomic Board said in March that Namibia expects to import 162 000 tonnes of white maize in the 2023/24 season, given that the country expects to produce about 38 000 tonnes in locally. Equity analyst, Vikhyat Sharma said in a report he prepared for the Rainbow Chicken Limited that although the current year’s expected maize crop is estimated to…

20 Jun

Nyambe appointed AIEN president

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Shakwa Nyambe Managing Partner of SNC Incorporated, has been appointed as the President-Elect of the Association of International Energy Negotiators (AIEN) for the period of 2024 -2025.His appointment was confirmed at the AIEN Board of Directors meeting held on the 10th of June 2024 in Bangkok, Thailand. This will pave the way for him to become the Substantive President of the AIEN for the period 2025-2026.Nyambe said his appointment acknowledges his exceptional leadership and extensive expertise within the global energy sector, and his contributions to educational and networking programs as well as the development of model contracts for the energy…

20 Jun

Rössing plans 15MWe PV solar power plant

info_e12wt4csObserver Money

CHAMWE KAIRA The Rössing Uranium has allocated funds for upgrades of the Rössing infrastructure and processing plant. These include construction of a 15MWe PV solar power plant, as well as expansion of the tailings storage facility (TSF) to accommodate ten years’ additional tailings from the processing of phase 4 ore. Rössing Uranium’s Managing Director Johan Coetzee announced that contracts were awarded for both projects by the end of 2023, with target completion by the end of 2024 and 2025 respectively. The plant will be built on a 70-hectare site adjacent to the access road between Arandis and the Mine. The…

20 Jun

Fish landings reach 97 077 metric tons

info_e12wt4csObserver Money

The total of quota species landed during the first quarter of 2024 amounted to 97 077 metric tons, a decline of 16,7% when compared to 116 471 metric tons recorded in the first quarter of 2023. Horse Mackerel recorded the highest landings of 49 592 metric tons, followed by Hake in second place recording 44 630 metric tons. In third place was Monk that recorded 2 119 metric tons, the Namibia Statistics Agency announced. Export earnings for ‘fish and crustaceans, molluscs and other aquatic invertebrates’ for the quarter under review was valued at N$4,1 billion, an increase when compared to…