Blog – Page 714 – News Stand

03 Oct

Namibia’s domestic economic activity improves

info_e12wt4csNational NewsBank of Namibia’s (BoN) Director of Strategic Communications and International Relations Kazembire Zemburuka, Namibia’s domestic economic activity improves, o 5.7 percent

Staff Writer The performance of the domestic economic activity has improved during the second quarter of this year despite elevated inflation, tighter financial conditions, economic downturns in China and Russia, and weaker consumer spending in the USA. According to Bank of Namibia’s (BoN) Director of Strategic Communications and International Relations Kazembire Zemburuka, the mining sector and agricultural sector showed improved performances. “During the second quarter of 2022, activity in the domestic economy increased, supported by the primary and tertiary industries. Available indicators show that the improved activity was particularly reflected in the mining sector, where the production of most key…

03 Oct

PDM prepares for 2024 elections

info_e12wt4csNational NewsPDM prepares for 2024 elections, Popular Democratic Movement

Martin Endjala The Popular Democratic Movement has commenced with its mobilization campaigns aimed at reaching a wider audience, with Manuel Ngaringombe, secretary general emphasizing the party’s promises to have an increased political participation. An interactive website is needed to engage and inform the electorate online. Ngaringombe was speaking today at the launch of the PDM website in Windhoek. PDM will present its message directly to the Namibian electorate, mobilize support during and between campaigning periods, as well as engage supporters and adversaries in dialogue and debate. The PDM website will also be seen as a component in an online strategy…

03 Oct

GIPF to construct N$38 million building at Ondangwa

info_e12wt4csNational NewsGIPF to construct N$38 million building at Ondangwa, Government Institutions Pension Fund (GIPF), Okaku, Okatjali, Olukonda, Onayena, Oniipa and Omulonga, Onyaanya, Uukwiyuushona

Staff Writer The Government Institutions Pension Fund (GIPF), has procured land for the construction of a new N$38.3 million office complex at Ondangwa in the Oshana Region. The Fund held a ground-breaking ceremony, paving the way for the construction of the new facility on Friday. The GIPF offers pension and ancillary benefits to employees of government, parastatals and local authorities and has a membership base that stands close to 146,000 members countrywide. “The GIPF has adopted a member centric outreach strategy that focusses on ensuring the accessibility of GIPF services at the convenience of our members. The Fund therefore makes…

01 Oct

False corruption accusation malicious: Saara

info_e12wt4csNational NewsDBN loans, False corruption accusation malicious: Saara, fingerprints are on shady and dodgy family business deals, malicious allegations of corruption

Staff Writer Prime Minister and Vice President candidate of the Swapo Party says she has not shied away from addressing corruption in all the position she occupied in government. She says malicious allegations of corruption had been made against her, involving a sale of a farm and loans from the Development Bank of Namibia, to a business she co-owns with her husband. She told this to the Windhoek Observer in an interview when questioned about her campaign for the position of Vice President of the party, which seem not to prioritise corruption. Corruption accusations have been levelled against her, with…

01 Oct

Saara, groomed for bigger responsibilities

info_e12wt4csNational Newsgroomed for bigger responsibilities, Saara, Saara Interview

The Vice Presidential candidate for the Swapo Party has been dubbed the most experienced in public service and governance among the three running for the position. But controversies also surround her such as accusations of corruption. In this exclusive interview, she opens to the Windhoek Observer about her political career, what shaped her growth and why she thinks she’s the best and most qualified candidate for the job. WO: Please tell us about your upbringing SKA: I am the youngest of five children born to my parents, of which four are females and one a male. I grew up in…

01 Oct

Campaigns show flaws in Swapo policy outlook

info_e12wt4csNational NewsCampaigns show flaws in Swapo policy outlook, Hofni Iiping

Martin Endjala A political analyst is concerned that voting at the upcoming Swapo Party congress at the end of November will not be issue based, but will entirely be ‘’related to career plans, personal affinities and to some extend to regional or rather ethnic biases.Henning Melber said this when asked if the candidates can present policy issues to delegates to convince get their votes. The campaigning style, he said, shows flaws and weaknesses in Swapo, as a political party, demonstrating absence of proper policy debate, a characteristic, which according to him, applies to almost every political party in the country.…

Concern over use of non-<br>competitive tendering methods

01 Oct

Concern over use of non-
competitive tendering methods

info_e12wt4csNational News2020/21 Annual Report tabled in the National Assembly, Public Procurement Unit, Public Procurement Unit observes in its 2020/21 Annual Report

Staff Writer Public entities continue to use the least competitive methods when procuring goods for government, the Public Procurement Unit observes in its 2020/21 Annual Report tabled in the National Assembly this week. PPU says that they are using these methods without justification ‘’for deviating from the competitive method of open national bidding.’’ From 263 quarterly implementation reports received from public entities during 2020/21, a total of 16,348 procurements were conducted to the value of N$4,690,187,285. Among these, Small Value Procurement (SVP) method dominated at 36 percent followed by the Request for Sealed Quotation (RFQ) method (at 25 percent) and…

29 Sep

Trustco Bank turns to courts for survival

info_e12wt4csNational NewsBoN’s Board of Directors, Trustco Bank turns to courts for survival, Trustco Group Holding (TGH)

Obrein Simasiku Trustco Group Holding (TGH) has rushed to the courts seeking for remedial action, as the Bank of Namibia is working towards wind up Trustco Bank Namibia (TBN), saying it is insolvent, and does not have a sustainable business plan. “BoN’s Board of Directors is of the view that TBN is commercially insolvent at this time. As mentioned before, TBN continues to operate without an approved viable business plan and sufficient capital to carry out the plan, which is vital for the viability and sustainability of the business and is expected of all industry players. Therefore, the primary purpose…

29 Sep

Swapo campaigns go into full gear

info_e12wt4csNational NewsAustin Samupwa, Netumbo Nandi-Ndaitwah, Saara Kuugongelwa-Amadhila, Swapo campaigns go into full gear\

Candidates gunning for the Swapo Party’s Vice President, Secretary General and the Deputy SG position have gone into over drive with their campaigns using every conceivable opportunity for a public relations exercise. They use government platforms and all manner of sorts to be present at as many occasions be they Swapo or events related to their portfolios – at least those with government portfolios. At times they even hijack responsibilities from line ministers, such as that of Urban and Rural Development to officiate and according to observers, using them as network opportunities. Their campaigns are supposed to be coordinated by…

29 Sep

Power debt write off will stimulate local economies: LPM

info_e12wt4csNational NewsMP Bernadus Swartbooi, Power debt write off will stimulate local economies

Martin Endjala The cost of electricity should reflect the socio-economic conditions of people in a specific locality and should not be pegged to cost recovery, as many citizens are unable to keep up with the costly electricity rates. Landless People’s Movement leader and MP Bernadus Swartbooi told the National Assembly yesterday, that fundamental reform in the electricity sector is therefore needed, to ensures that those who are unable to pay for electricity are still catered for. He was speaking on a motion tabled by his deputy Henny Seibeb for the cancellation of electricity debt owed by local authorities to the…