Featured – Page 43 – Windhoek Observer

28 Jul

NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1,32 billion in taxes

Featured, Observer Money32 billion in taxes, NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1

The Confederation of Namibian Fishing Associations has said according to its estimates the fishing industry contributed N$1,32 billion dollars in taxes and levy contributions to the state coffers in its last assessment of the fishing industry. Namibia Revenue Agency (NamRA) executives expressed concern on what was said to be the minimal contribution of the fishing sector in taxes. Despite its massive size, NamRA officials said the fishing industry’s contribution to tax revenue was one of the lowest of major industries. Figures presented by NamRA Commissioner, Sam Shivute during a meeting with President Hage Geingob showed that compared to other key…

26 Jul

The business community is a vital component of the mid-term budget

Featured, Observer MoneyThe business community is a vital component of the mid-term budget

Niël Terblanché The Ministry of Finance and Public Enterprises along with the National Planning Commission will conduct a comprehensive mid-term budget review in various regions across the country. According to a statement provided by the finance ministry, the Minister of Finance and Public Enterprises, lipumbu Shiimi, will personally conduct the campaign with members of the National Planning Commission. “This initiative aims to assess the progress made thus far and identify areas where adjustments may be required to ensure effective fiscal management and equitable economic growth,” the statement said. During the visits to the various regions, the finance minister will engage…

25 Jul

Namfisa will not prevent voluntary dissolution of medical aid funds

Featured, Observer MoneyJoanette Eises said that Namfisa, Namfisa will not prevent voluntary dissolution of medical aid funds, y BankMed Namibia

Martin Endjala The Namibia Financial Institutions Supervisory Authority (Namfisa) has reiterated that in terms of its prudential supervision of medical aid funds, it does not necessarily prevent the liquidation or voluntary dissolution of such funds. Namfisa stated that its function is merely to reduce the likelihood of liquidation or dissolution as other unforeseen factors may also adversely impact the business of a medical aid fund. This comes after it was brought to the attention of Namfisa about speculation and circulation of information, regarding the financial status and future sustainability of one of the medical aid funds, namely BankMed Namibia, which…

24 Jul

The consummate business strategist…An exclusive interview with Ndapewa Hangula

FeaturedNdapewa Vistorina Hangula, The consummate business strategist...An exclusive interview with Ndapewa Hangula

Ndapewa Vistorina Hangula is the Managing Director for August 26 Manufacturing, a position she has held since February 2021. Ndapewa is an avid and solid strategist and business development expert and a mature business leader. She has a combined experience of more than 20 years of which over 10 years has been at senior and executive management level across multiple industries. With a strong Business background, Ndapewa started her career in the IT filed, and later changed her focus to the business side of companies. Her expertise includes Management Consulting, Strategy Development and implementation, Performance Management, Business Development and ICT.…

20 Jul

Namra rakes in over N$18 billion in revenue

Featured, Observer MoneyNamra rakes in over N$18 billion in revenue

Hertta-Maria Amutenja During the first quarter of the current financial year, the Namibia Revenue Agency (NamRA) collected N$18.9 billion in revenue. According to Namra Commissioner Sam Shivute, this amounts to 28 percent of the N$67 billion annual target set for the financial year beginning on 1 April 2023 and ending on 31 March 2024. Last year the agency surpassed its revenue-collection target for the 2022/23 financial year by N$4 billion. The revenue collector was required to bring in N$53 billion however it exceeded its target and collected a total of N$57 billion. “Our achievements thus far would not have been…

19 Jul

Mining Expo to shine a spotlight on oil and gas

Featured, Observer MoneyGreen Hydrogen, Mining Expo to shine a spotlight on oil and gas

Martin Endjala The highly anticipated Mining Expo 2023 will be focusing on the discovery of oil and gas as well as the Green Hydrogen in the country and how the mining industry can capitalize on these new developments while showcasing Namibia’s vibrant mining sector. The exhibition is slated for 30-31 August this year at the Windhoek Showgrounds where 86 exhibitors already confirmed their attendance. Exhibitors have already booked a total of 140 booths and stands and the number is expected to rise by the end of the week. The main highlights will be oil and gas, according to the extractive…

17 Jul

KP Illest to drop New Album, “The Crown and The Curse”

FeaturedKP Illest to drop New Album, “The Crown and The Curse”

Martin Endjala Namibian Hip-Hop Artist and entertainment influencer KP Illest is set to release his ninth studio project, “The Crown and The Curse,” in October. The album will be available on all streaming platforms. KP Illest is known for his hard-hitting lyrics, infectious energy, and commitment to supporting upcoming Namibian artists. He is a true ambassador for Namibian hip-hop and is often referred to as the “Big Brother of the music industry” because of his willingness to mentor and help younger artists. “The Crown and The Curse” is a 13-track album that explores the many highs and lows of being…

17 Jul

23 Questions with Miss Namibia

Featured

Jameela Uuras was recently crowned Miss Namibia 2023. She managed to grant Observer Weekend a quick sit-down in between a hectic schedule of photoshoots and interviews, both from the local and regional media. Do you follow politics? Absolutely. If you don’t follow politics, politics will follow you. Which 3 political issue are close to your heart? Youth unemployment: We face high levels of unemployment, particularly among the younger generation, which poses a significant challenge for our country's development and stability. Land reform: Specifically because I did research on this during my preparations as a Miss Namibia finalist and it's sad…

17 Jul

Recon Africa gets the green light for more drilling

Featured, Observer MoneyRecon Africa gets the green light for more drilling

Niël Terblanché Although there is increased pressure to shift away from fossil fuels and to move towards low-carbon energy sources such as hydropower, solar and wind, this energy transition must be done in a way that shall be fair and affordable for developing countries like Namibia. The Ministry of Environment, Forestry and Tourism recently issued an Environmental Clearance Certificate (ECC) to Recon Africa to drill more exploration and appraisal wells in the Kavango Basin to search for oil and gas resources. The project situated in the Kavango West Region of Namibia was the cause of huge controversy amongst environmental activists…

16 Jul

Deconstructing Martha

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Martha Kautanevali is a Civil Engineer by profession with a certification in Project Management. She founded the Queenshono Mentorship program and Co-founded - Women in Business Network - providing a casual atmosphere for business and corporate women to engage, support and encourage each other. We caught up with her, shortly after being crowned the 2nd Runner Up in the Miss Namibia competition. Can you briefly tell us where you hail from? I hail from a loving village called Ohamwaala-Edundja in the Ohangwena region. You studied civil engineering at the University of Namibia. You combined it with Project Management Professional (PMP)…