Blog – Page 716 – News Stand

26 Sep

Namibian beef industry’s prime cut

info_e12wt4csObserver Moneyl 50 000 plus weaners, Savanna Beef Processors Ltd company

CHAMWE KAIRA Savanna Beef Processors Ltd company, the newly formed meat producer will unlock new export markets and achieve better prices for producers and the whole beef value chain in Namibia, according to Rogers Kauta, one of the producers involved in the setting up of Savanna Beef. Kauta says the new beef producer intends to promote local value addition in the beef sector by retaining an additional 50 000 plus weaners in the local market for slaughter. “The export of weaners to South Africa deprives the local economy of job opportunities and premium prices for our beef in the international…

25 Sep

Nambrew, Heineken, Distell concoction

info_e12wt4csObserver MoneyHeineken, Nambrew

CHAMWE KAIRA The biggest ‘beer concoction’ in Namibian history has been ‘mixed.’ The Competition Commission of South Africa and the Namibian Competition Commission have both approved the Heineken takeover of Namibian Breweries and certain Distell operations. Sipho Ngwema, Head of Communications at the Competition Commission of South Africa says the commission has recommended that the Competition Tribunal approves with conditions the proposed transaction whereby the Heineken Group through Sunside Acquisitions Proprietary Limited (Newco) acquires a controlling interest in Namibian Breweries Investment Holdings Limited (NIH) and the flavoured alcoholic beverages (FABs), wine, and spirits operations of Distell Group Holdings Limited. The…

25 Sep

Namdeb predicts 7.8 million carats, N$159bn revenue

info_e12wt4csObserver MoneyN$159bn revenue, Namdeb Brand Manager, Namdeb predicts 7.8 million carats, Shangelao Ndadi

CHAMWE KAIRA Namibia Diamond Corporation (Namdeb) under the new long term plan expects to produce 7.8 million carats over a 20-year period with a revenue of N$159 billion benefit to Namibia. “Production will be ramped up over the next two and a half years to approximately 160% of the current capacity. This means a significant capital investment of approximately N$1.8 billion and similarly, a significant increase in operational cost. The long term plan therefore results in 7.8 million carats being produced which amounts to revenue of N$159 billion benefit to Namibia. This requires approximately N$2 billion capital investment over the…

25 Sep

Mineral exploration reached N$806m in 2021

info_e12wt4csObserver MoneyAntler’s Erongo Gold Project, Mineral exploration reached N$806m in 2021

Staff Writer The money spent on exploration of minerals in the country increased to N$806 million in 2021 from N$548 million the previous year, figures released by the Chamber of Mines of Namibia revealed. This indicates that Namibia has continued to be an attractive investment destination for mining companies. GoldThe exploration projects include the Antler’s Erongo Gold Project is located in central Namibia, about 130 km northwest of Windhoek, near the towns of Usakos, Karibib and Omaruru. The project covers areas of the Navachab- Damara Belt, which is prospective for gold, and overlies similar lithologies and structures to the known…

24 Sep

Obeth to test Kaire’s authority in Omaheke ….PM, Deputy in Gobabis rodeo

info_e12wt4csNational NewsDeputy in Gobabis rodeo, Kaire Mbuende, Netumbo Nandi-Ndaitwah, Obeth Kandjoze, Obeth to test Kaire’s authority in Omaheke ….PM, Swapo Party Vice President, the incumbent Vice President

The stage is set in Gobabis tomorrow when Swapo Party Vice President hopefuls will be paraded before the region’s delegates to the ruling party’s congress at the end of November. The three candidates to convince the 38 Omaheke delegates to the year-end congress are Netumbo Nandi-Ndaitwah, the incumbent Vice President, Saara Kuukongelwa-Amadhila and Pohamba Shifeta. This will be round two of the internally organised campaign sessions of the party, as the candidates are not allowed to address public rallies to garner for support. The constituencies in the region are divided along the supporters of Ndaitwah and Kuukongelwa Amadhila. The two…

24 Sep

AG flags Katima property valued at 6.6m

info_e12wt4csNational NewsAG flags Katima property valued at 6.6m, Katima Mulilo Town Council (KMTC), N$66 642 381

Obrein Simasiku The Auditor General could not establish the accuracy, validity and physical existence and condition of the property, plant and equipment for the Katima Mulilo Town Council (KMTC), which had a net value N$66 642 381. In addition, the auditors could not obtain any audit evidence to verify the Build Together loans of N$2 891 241, said Junias Kandjeke, giving KMTC an Adverse Audit Opinion for the 2019 financial year. “This was due to the Katima Mulilo Town Council failing to provide the auditors with an appropriate fixed asset register. It is recommended that the Council update and maintain…

24 Sep

Credentials of Swapo top candidates questioned

info_e12wt4csNational NewsCredentials of Swapo top candidates questioned, Secretary General and Deputy Secretary General., Vice President

Tujoramajo Kasuto Political analysts have poked holes in the credibility of the nine candidates who are running for Swapo Party’s three top positions, namely Vice President, Secretary General and Deputy Secretary General. Going through the candidates, the analysts are in agreement that Swapo has a leadership crisis. The group that seems to be campaigning together and share messages on their respective campaign pages are said to have been prematurely conceived as there is an alleged dark cloud of corruption hanging over some of them. According to Ndumba Kamwanya the group also lacks ‘’relevant political history’’. He said the online strategy…

24 Sep

Ncube calls for recognition of sign language

info_e12wt4csNational NewsDeputy Minister of Disability Affairs Alexia Manombe-Ncube, International Day of the Deaf and Sign Language, Ncube calls for recognition of sign language

Martin Endjala The Deputy Minister of Disability Affairs Alexia Manombe-Ncube has called on government to recognize sign language in the country as a medium of communication and ensure that deaf people are well represented in all areas of life. The International Day of the Deaf and Sign Language is commemorated from the 19-23 of September, under the theme building inclusive communities for all. Ncube was speaking in Parliament on Wednesday. During the week of celebrations, each day has been given a theme e.g Monday’s theme was to focus on sign language and its acquisition as it is critical for the…

23 Sep

Swapo online campaigns take-off

info_e12wt4csNational NewsArmas Amukwiyu and that of Deputy Secretary General, Evelyn Naweses-Tayele, f Saara Kuugongelwa-Amadhila, Swapo online campaigns take-off, Vice President and Secretary General

The Swapo candidates running for the top three positions have started their online campaigns, some only with standard generic messages, while others have put up elaborate messages in their campaigns. The initial pages created show some observable groupings that could broadly be termed as a slate. While initial reports, ahead of the start of the campaign, indicated that the incumbents in the positions of Vice President and Secretary General have left the 201 Harambee group and would fight to keep the status quo together, there is another team emerging. The campaign pages of the Secretary General contestant, Armas Amukwiyu and…

23 Sep

Upper Middle Income grading makes borrowing expensive

info_e12wt4csNational NewsHarambee Prosperity Plan II, president Hage Geingob, Upper Middle Income grading makes borrowing expensive, Upper-Middle Income Country

President Hage Geingob has raised awareness on the challenges Namibia face as a developing country during the opening of the 77th United Nations General Assembly (UNGA 77) in New York yesterday. He explained that one of the vulnerabilities facing Namibia is the country’s classification as an Upper-Middle Income Country, which he said makes mobilising resources to finance development goals difficult. “Global debt is at an unprecedented level and interest rates are rising. This reality limits our fiscal space. As we talk about our collective aspirations, we should remain acutely aware of the vulnerabilities facing developing countries. Namibia’s classification as an…