Daily Observer

Trustco Bank turns to courts for survival

Trustco Bank turns to courts for survival

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…
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Swapo campaigns go into full gear

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…
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Power debt write off will stimulate local economies: LPM

Power debt write off will stimulate local economies: LPM

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…
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MP concerned about cardless payments

MP concerned about cardless payments

Obrein Simasiku Member of Parliament Elma Ndienda is concerned about the evolving banking technology that has seen the emergence of cardless payments, where one needs to tap a card in order to effect a purchase transaction without requiring a Personal Identification Number (PIN). This she feels leaves many vulnerable to theft, fraud and exploitation. Although, Dienda appreciates banking transformation that has been ongoing over the years and has been brought good success, efficient and convenient banking development, however, it came with an array of possibilities of technology misuse. “How is it even possible for your card to be useful without…
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PM advocates for self-renewal of regional councils

PM advocates for self-renewal of regional councils

Martin Endjala Prime Minister Saara Kugongelwa-Amahila has urged regional councils to undergo self-renewal by carrying out promises and programmes in addressing the problems of the people and to look after the interest of their people. Amadhila said that, they must see them through the restructuring of the economy, so that they can meet new challenges, and seize the opportunities ahead as one united people. She was speaking today at the official opening ceremony of the Extra-Ordinary Congress of the Association of Regional Councils (ARC) at mile 4 – Caravan Park in Swakopmund, Erongo Region. The congress will address several key…
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Katjimune calls for centralisation of<br>youth programmes into single unit

Katjimune calls for centralisation of
youth programmes into single unit

Martin Endjala Popular Democratic Movement Member of Parliament Maximalliant Katjimune is calling for a single directorate for youth programmes currently offered by the National Youth Council, the Ministry of Sport, Youth and National Service as well as the National Youth Service to make youth empowerment initiatives effective. Katjimune was speaking in the National Assembly during which he suggest the possibility of looking at combining the directorate of youth in both entities into one single body to put an end to the duplication of responsibilities, programmes, resources and conflicting policies around the same issues affecting young people. He emphasised that having…
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Swanu calls its unrecognised vets,rejects “insulting” Joint Declaration

Swanu calls its unrecognised vets,rejects “insulting” Joint Declaration

Staff Writer SWANU is calling on all its cadres who have not been recognised as veterans, whether they waged the struggle from within or outside the country’s borders, to report to its Veterans’ Department at its headquarters in Katutura, Windhoek. “The war for the liberation of this country was fought from all corners of this country. We are very much aware that there were Swanu comrades inside the country fighting for the liberation of this country, and in the same vein there were also Swanu comrades inside the country fighting for the liberation of this country. Therefore, it cannot only…
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Swapo policy articulation vs slate politics

Swapo policy articulation vs slate politics

Tujoromajo Kasuto The candidate for the Swapo Party Deputy Secretary General position, Evelyn Nawases-Tayele has distanced herself from a slate that seem to be promoted by some supporters of the candidates. Media reports have been describing her joined campaign pages with Saara Kugongelwa Amadhile, as Vice President and Armas Amukwiyu as Secretary General. Nawases-Tayele says such grouping of candidates is against party constitution, adding that they are not responsible for the joined campaigns that have hit social media like a hurricane over the last few weeks. ‘’I do not know, maybe it’s good for people to talk about camps but…
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EU fosters youth diversity in the film industry

EU fosters youth diversity in the film industry

Martin Endjala The European Union continues to play a pivotal role in the lives of young aspiring talents across the globe, as it embraces itself for another EU Film Festival in Namibia partnering with its continental member states as they will showcase their ingenuity skills in the film industry which is aimed at telling their real live stories. The EU film festival is slated for next month starting on 5th October till the 30th of November 2022 at the opera house, The Village in Windhoek, with a line-up of European and Namibian films, during which a total of 18 films…
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Tourism Expo returns after two-year hiatus

Tourism Expo returns after two-year hiatus

Staff Writer After a two-year hiatus, the annual tourism expo will be held from November 3-5, at the SKW Sport Field in Windhoek. Heather Sibungo, Deputy Minister of Environment, Forestry and Tourism, made the announcement today during the 2022 World Tourism Day celebrations in Omuthiya, under the global theme of ‘Rethinking Tourism’ and the local theme of ‘promoting heritage/cultural experience to harness sustainable tourism.’’ “I am further informed that the Tourism Expo under the umbrella of Tourism Namibia have solicited investments to the tune of N$1 million from the private sector stakeholders such as First National Bank and Namibia Breweries…
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