Observer Money

Business welcomes govt bailout
06 Apr

Business welcomes govt bailout

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Staff Writer The Namibia Chamber of Commerce and Industry (NCCI) says government’s N$8.1 billion stimulus package will provide vital support to keep businesses afloat in the wake of the damaging effects of the coronavirus pandemic, which follows four consecutive years of an economic slowdown. The package according to NCCI Chief Executive Officer, Charity Mwiya, will help ease the cashflow hardships many businesses are experiencing in order to pay bills and to pay staff. “As the minister of finance Ipumbu Shiimi recognised in his announcement yesterday, businesses keep people in jobs and during these tough times it is vital that businesses…
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Pressure mounts over AgriBusDev’s tender
30 Mar

Pressure mounts over AgriBusDev’s tender

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Staff Writer Local fertilizer producers have rubbished claims by the Agricultural Business Development Agency (AgriBusDev) Managing Director, Petrus Uugwanga that the country did not have local fertilizer producers and thus had no option but to award a multimillion-dollar fertilizer supply tender to South African company, Kynoch. One company that claims to be able to provide these products is Greenfield Organic Fertilizers (GOF). Based in Okahandja, this product provider has been in operation for years. According to the company’s owner, the business has the capacity to produce over 12 tons of organic fertilizer a day. This capacity makes them more than…
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NMP claims Fishrot accused blocked phosphate mining
24 Mar

NMP claims Fishrot accused blocked phosphate mining

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Ministry of Environment and Tourism (MET) spokesman Romeo Muyunda, on Wednesday dismissed claims by Namibia Phosphate Mining (NMP) that the ‘Fishrot’ files scandal and the individuals involved in it are responsible for stalling its Sandpiper phosphate mining project. The company is engaged in a protracted campaign which started over 10 years ago, to commence offshore mining for phosphates, an estimated 120km south-west of Walvis Bay. “It appears the objections to NMP’s phosphate project, as proposed and scientifically substantiated by independent environmental assessments, were spearheaded by individuals who are now implicated in, what is perhaps, Namibia’s biggest post-independence corruption scandal, the…
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SWAPO Party 2020 – A Portrait
24 Mar

SWAPO Party 2020 – A Portrait

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Citizen Nahas Angula I have been asked to paint a portrait of SWAPO Party in 2020 for the February/March edition of the Observer Connect Magazine. At the outset I confess that I am not a good artist. In addition I am not privy to the current inner party thinking. The SWAPO Party is a legacy and heritage of all patriotic Namibians. We owe it to the Party that Namibia today is a proud nation, despite a myriad of challenges that we face. The current SWAPO Party image is best portrayed by the protagonists of the organization, especially its spokespersons. Let…
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Namibian tourism industry hit hard by virus
24 Mar

Namibian tourism industry hit hard by virus

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Clementine Tjameya The Namibian tourism industry is experiencing an unprecedented crisis due to the Covid-19 pandemic. The country is now in virtual lockdown following the declaration of a State of Emergency this week by President Hage Geingob. This move became necessary after two Romanian tourists entered the country two weeks ago and brought Covid-19 with them. A near comprehensive travel ban is now in effect, including restrictions on some border posts with South Africa, the country’s main trading partner. The troubles experienced by the hospitality, tourism and travel industry are due to Namibia’s pre-emptive actions to protect public health as…
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