Blog – Page 717 – News Stand

26 May

China’s maize import from SA will not impact Namibia

info_e12wt4csObserver Money

CHAMWE KAIRA China’s maize imports from South Africa will have no impact on South African maize exports to its neighbours including Namibia, Wandile Sihlobo, Chief Economist of the Agricultural Business Chamber of South Africa told Observer Money this week. “No; South Africa has ample supplies and surplus of 3 million tonnes in the 2023/24 marketing year. South Africa’s neighbouring countries will still be able to import maize, and this won’t be disrupted by China. China remains one of South Africa’s small markets, having imported around 108 000 tonnes from South Africa in 2022/23 marketing year that ended in April, which…

26 May

Namibia not at risk of global recession

info_e12wt4csObserver Money

Martin Endjala Namibia will not be affected by the ongoing 2023 global recession caused by simultaneous rate hikes by central banks across the world in response to inflation. The economy of the country is, in fact, expected to grow in the region of three percent, only one percent shy of last year’s 4.6 percent. According to a comprehensive new study by the World Bank, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would cause them lasting harm. Economist, Ruusa Nandago explained that recession by…

26 May

Nando’s cravings set to linger

info_e12wt4csObserver Money

Chamwe Kaira Namibians who have been pregnant with expectations that Nando’s, the South African franchise that specializes in Portuguese flame-grilled peri-peri style chicken will return to Namibia after its departure five years ago, will have to keep craving for it to return. Following numerous social media postings of Namibian travelers coming back with Nando’s mostly from South Africa, Observer Money sought to find out the latest regarding the franchise’s status in Namibia. We issued a statement in 2018 and there are no new developments or updates. As such, we will not be providing further comments on the topic. Nando’s had…

26 May

FIMA committee chairman wants public views considered

info_e12wt4csFeatured

Martin Endjala The Chairperson of the newly inaugurated Financial Institutions and Markets (FIMA) Committee, Natangwe Ithete cautioned against the handing over of power to one person or entity in deciding on matters relating to the public. He was speaking on Tuesday during the Parliamentary Standing Committee on Economic and Public Administration stakeholder’s consultation on the FIMA Act. He stressed that “These are some of the challenges the country is faced with, with ministries and individuals given too much control over matters concerning the public,”. It is his position that Namfisa and the Finance Ministry, should not jump the gun on…

26 May

Grootfontein Town Council fires Sinvula

info_e12wt4csNational News

Niël Terblanché The Town Council of Grootfontein has decided to dissolve the employment contract of Kisco Sinvula as the Chief Executive Officer with immediate effect. Sinvula was supposed to return to work at the start of the week after a High Court Judge ruled that he should be reinstated. Judge Boas Usiku nullified the embattled CEO’s suspension on the grounds that the Town Council’s actions were taken without the permission of Erastus Uutoni, the Minister of Urban and Rural Development. The Chairperson of the Grootfontein Municipality’s Executive Committee, Elisabeth Kastoor confirmed that the Town Council resolved to terminate the employment…

26 May

IPC calls for a referendum on same-sex marriages

info_e12wt4csNational NewsIPC calls for a referendum on same-sex marriages

Niël Terblanché By importing horizontally, foreign Common Law Principles from abroad, the Supreme Court of Namibia seriously undermined the sovereignty of the country’s judicial system and made it subordinate to a foreign commonwealth country's court, in a common law jurisdiction, the Independent Patriots for Change (IPC) said. The Independent Patriots for Change says it will support the Proclamation of a National Referendum as the only legitimate superior act of the Sovereign in which the people of Namibia may exercise their authority in which "All power" is vested. In a statement, the IPC said that a referendum is the only possible…

26 May

Cabinet approves N$200 billion agreement to develop Green Hydrogen Project

info_e12wt4csNational NewsCabinet approves N$200 billion agreement to develop Green Hydrogen Project

Niël Terblanché The Government of the Republic of Namibia officially approved the country’s entry into a pioneering N$200 billion agreement to develop Sub-Saharan Africa’s Largest Green Hydrogen Project with Hyphen Hydrogen Energy Namibia. The Namibian Cabinet took this landmark decision on Wednesday. The feasibility and implementation agreement will be officially signed today. According to a statement released by the Namibian Presidency, the transformative impact of this project on Namibia and its economy will be considerable. The project will create up to 15 000 new jobs during the construction phase, 3 000 permanent jobs during its operation, with the target for…

26 May

Namibia commemorates Africa Day

info_e12wt4csNational NewsNamibia commemorates Africa Day

Niël Terblanché Namibia yesterday joined all other nations of Africa to celebrate 60 years of enormous promise and potential of the diverse and dynamic continent. President Hage Geingob in his special commemorative message said the diamond anniversary of Africa Day is a fitting occasion for all Africans on the continent and those in the diaspora, to celebrate the achievements of the Organisation of African Unity (OAU) and African Union (AU) as an enduring continental body, which has successfully championed the emancipation of the African people from colonial oppression to become masters of their own destiny and development. “The 25th of…

26 May

Nandi-Ndaitwah pays homage to allies on Africa Day

info_e12wt4csNational NewsNandi-Ndaitwah pays homage to allies on Africa Day

Niël Terblanché Netumbo Nandi-Ndaitwah, the Deputy Prime Minister of Namibia and Minister of International Relations and Cooperation, on the commemoration of Africa Day thanked countries of the world, that stood by Namibia during the Freedom Struggle. Nandi-Ndaitwah reminded the group of African heads of diplomatic missions that Africans owe it to the founders of the OAU and the people of the world who stood by Namibia during the country’s fight for freedom from colonialism. “I am referring to the government and the people of Cuba whom Africa must ensure we work together with them in prosperity. I am referring to…

26 May

Let the people “Ngungula”- Amoomo …Govt insists Angola’s fuel not up to standard

info_e12wt4csNational NewsLet the people “Ngungula”- Amoomo …Govt insists Angola’s fuel not up to standard

Stefanus Nashama The Namibian Government should not relegate its relationship with Angola simply because of fuel illicit smuggling activities commonly known as ‘Ngungula’. These are the sentiments of Prominent Windhoek Lawyer, Kadhila Amoomo, who stressed that the only logical question the Namibian government should ask itself is why people risk their lives to smuggle fuel from Angola. “Namibia and Angola share borders and people cross into both countries on a daily basis. This is because of the good relationship the two countries have. It is high time the Namibian Government critically looks into this,” he said. He said the law…