Blog – Page 445 – News Stand

02 May

Political parties accused of only remembering workers in election years

info_e12wt4csNational News

Erasmus Shalihaxwe Social activist and member of the Namibia Economic Freedom Fighters (NEFF), Michael Amushelelo, said when it comes to addressing workers' sufferings, only his party responds, while other political parties do nothing but watch from a distance. He accused other parties of only remembering workers’ sufferings during the election years. Amushelelo was responding to comments made by Independent Patriots for Change's (IPC) Rudolf Kahingunga of the party's Department of Employment Affairs on Thursday. “Most political parties sit back and relax. When workers are asking for assistance, there is only one political party that responds, and that is NEFF. Now…

02 May

Activist blasts Ekandjo bill after LGBTQI+ man was killed

info_e12wt4csNational News

Hertta-Maria Amutenja Lesbian, Gay, Bisexual, Transgender, Queer, and Intersex (LGBTQI+) activist, Nicodemus Auxumub, also known as Mama Africa, claims that the private member bill that Swapo backbencher Jerry Ekandjo introduced in the National Assembly last year is inciting violence against their members. Mama Africa said this on Thursday after the body of Christof Fredricks (30), was found in a riverbed near Chairman Mao Zendong School in Ganzi Street, Otjimuise. According to City Police spokesperson Marcelline Murapo, the body was found with multiple stab wounds, and the private parts were removed. The activists said the bill is putting the lives of…

02 May

Maasdorp murder suspect remanded in custody

info_e12wt4csNational News

Niël Terblanché Wentzel Maasdorp, the man suspected of murdering the 40-year-old Angelique Delia Maasdorp in her flat before stealing her car last week, made his first appearance before a Windhoek magistrate. During the court proceedings, Maasdorp was informed that he is charged with one count of murder that will be read with the Domestic Violence Act as well as a count of theft of motor vehicle. Delia Maasdorp’s body was discovered in the lounge of her home in the Eucalyptus Apartment Complex late on Sunday by investigators of the Namibian Police. The officers also found several bloodstains on one of…

02 May

Windhoek Observer and Shipi FM join forces.

info_e12wt4csMain

Ester Mbathera As the world commemorates World Press Freedom Day, Namibia’s online newspaper Windhoek Observer and community radio station Shipi FM signed a collaboration agreement. The agreement signed by Paragon Media’s co-founder, Lazarus Jacobs and Shipi FPM executive chairperson Martin Shipanga focuses on gathering and sharing news. The two organisations also agreed on sharing human resources and infrastructure, as well as human capital and training. Jacobs explained that the sharing of resources in a small country such as Namibia is the way to go. He cautioned Namibians to guard against allowing nonNamibians to control the narrative and news cycle. “We…

02 May

Meatco reports N$258 million loss

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Ester Mbathera Meatco has reported an operational loss of N$258.1 million in its group performance for the year-to-date period that started in January 2024. This loss, excluding a government grant, amounted to a budgeted loss of N$61.5 million. The company's bottom line reflects a reduced loss, primarily due to accounting for a state grant of N$135 million received in April, June, and July of 2023. Meatco during the period under review (2022-2023) slaughtered more than 60 820 cattle including animals behind the red line, compared to a budget of 50 000. According to the group report, the revenue generation fell…

02 May

B2Gold starts process to cut 550 jobs

info_e12wt4csObserver Money

CHAMWE KAIRA B2Gold Namibia has started the process that will see the company cut 300 jobs in 2024 and a further 250 jobs in 2025. The company has about 820 permanent employees. The company has termed the exercise ‘downscaling and retrenchments.’ Eric Barnard, the general manager at the Otjikoto Mine, owned by B2Gold said in response to questions by Observer Money that the process of job cuts is being done in phases so as not to cripple mining operations. The first phase will be voluntary separation, which will be followed by forced retrenchments. “The retrenchments are across the board, from…

02 May

Usakos piggery to handle 14 400 pigs

info_e12wt4csObserver Money

CHAMWE KAIRA Xeva Investment CC plans to invest in a new piggery facility at Usakos with a capacity to slaughter 14 400 heads of pigs as well as renovating the existing piggery facilities at the town. Acacia Enviro Consulting CC has been appointed by Xeva Investment Cc to act on their behalf in obtaining an Environmental Clearance Certificate to construct and operate the piggery facilities. The project aims to address a number of needs in Usakos and the Erongo region at large including that the piggery could reduce the need for long-distance transport of animals for processing, potentially lowering costs…

02 May

Competition Commission to decide Osino deal

info_e12wt4csObserver Money

The Namibian Competition Commission is expected to decide in the coming weeks the approval of the takeover of local gold mining company, Osino Resources Corporation by Yintai Gold Co. The deal is worth US$272 million. Earlier, Osino Resources Corporation announced that the company’s special meeting saw an overwhelming majority of security holders vote in favour of the takeover. Osino said the shareholders authorised the deal that will see the Yintai Gold Co acquire all of the outstanding common shares of Osino for cash consideration of 1.90 Canadian dollars for each Osino share. “The vote of Osino security holders in favor…

02 May

Namibian diamonds remain with Anglo American

info_e12wt4csObserver Money

The board of Anglo American has rejected a proposal from BHP Group Limited to take over Anglo American. Anglo American owns De Beers, which has several partnerships in Namibia with the government in Debmarine Namibia, Namdeb Holdings and the Namibia Diamond Trading Company. The proposal comprised an all-share offer for Anglo American by BHP, with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited to Anglo American shareholders. “The board has considered the proposal with its advisers and concluded that the proposal significantly undervalues Anglo…

02 May

Tjombonde approved as SBN chairman

info_e12wt4csObserver Money

Shareholders of Standard Bank Namibia have approved the appointment of Isac Tjombonde as the board chairman of SBN Holdings Limited and Standard Bank Namibia Limited with effect 1 April. The other directors appointed to the board are Josephat Mwatotele, Gerald Riedel, Erwin Tjipuka (chief executive (executive director), Siphiwe Themba Bruce Madonsela (non-executive director), and Arlington Tendai Matenda (chief financial officer). “The shareholders are hereby provided with the outcome of the votes, where shareholders via proxy voted on the following resolutions prior to the meeting. The total Shares in issue are: 522,471,910, and resolutions were voted on by 493, 863, 919…