Observer Money – Page 151

15 Dec

BON anticipates significant economic growth in 2022

info_e12wt4csObserver MoneyBank of Namibia, Namibia

Tujoromajo Kasuto NAMIBIA’S economic performance was expected to improve slightly during 2021 and improve further in 2022, supported by better growth for the mining industry and most tertiary industries, Bank of Namibia’s (BON) economic outlook for December 2021 is revealing. The domestic economy is projected to grow by 1.5 percent and by 3.3 percent in 2021 and 2022 respectively, representing an improvement from 8.5 percent contraction in 2020. The latest projection of 1.5 percent growth for 2021 represents a marginal improvement, compared to 1.4 percent published in the August 2021 Economic Outlook. Risks to domestic growth remain dominated by the…

15 Dec

Woman raped, murdered and mutilated … Suspect(s) on the run

info_e12wt4csObserver MoneyGender Based Violence (GBV)

Eba Kandovazu THE body of a 23-year-old mother, Lydia Garises, was found in Dordabis yesterday. Police say the deceased private parts were cut off and preliminary investigations show that the woman was raped. Namibian Police Spokesperson, Deputy Commissioner Kauna Shikwambi, says the remains of Garises, a mother to a ten-month-old baby, were discovered by a passerby around 17h50 near a river in the Stinkwater area. Shikwambi says the victim was last seen on Saturday at a wedding around 23h00. The gruesome murder follows the Gender Based Violence (GBV) 16 days of activism, which seeks to mitigate crimes perpetrated against women…

15 Dec

No movement restrictions for festive season

info_e12wt4csObserver MoneyCovid-19, president Hage Geingob

Tujoromajo Kasuto THERE is no lockdown and/or curfew restrictions as most Namibians were fearing after the President last week hinted at imposing strict measures if the situation does not improve after the outbreak of the Omicron variant in the country. President Hage Geingob announced today at the 38th COVID-19 public briefing. No curfew, with the Ministry of Health and Social Services (MoHSS) Minister, Dr. Kalumbi Shangula stating that the reintroduction of the curfew triggers other actions, such as those related to the general hours of the operations of businesses, public transport, and the sale of alcohol. With the new measure…

13 Dec

German-Namibian Joint Declaration antiquated model of international law

info_e12wt4csObserver MoneyContext of Transitional and Restorative Justice, German, Namibian

Staff Writer THE Joint Declaration between the Namibian government and its German counterpart is based on an antiquated model of international law and more than anything meant to force the Ovaherero and Nama into submission, says UK-based Reparations Specialist and Scholar-Activist, Esther Stanford-Xosei. She was among panelists from the Diaspora of the United Kingdom and Botswana, joining descendants of the victims of the Ovaherero and Nama genocide in Namibia to observe the International Day of Commemoration and Dignity of the Victims of the Crime of Genocide, and of the Prevention of this Crime, last Thursday, 9 December. Thereby interrogating the…

13 Dec

Two babies among reported deaths over the weekend

info_e12wt4csObserver MoneyDeputy Commissioner Kauna Shikwambi, NAMPOL

Eba Kandovazu THE police are investigating two separate incidents in which babies died last Thursday and Friday. According to Nampol Spokesperson, Deputy Commissioner Kauna Shikwambi, a two-month-old baby boy,Gift Vries, died on Thursday while sleeping. The incident happened at Karasburg. The baby was taken to the hospital and was declared dead upon arrival. Shikwambi says a postmortem is underway to determine the cause of death. Meanwhile, another baby girl, seven-month-old Ndapwa Jesaya was found dead in bed at Onayena last Friday. A postmortem will be conducted to determine the cause of death. Police in Opuwo are also busy with an…

13 Dec

Married police officers prioritised for accommodation

info_e12wt4csObserver MoneyNAMIBIAN Police Inspector General, Sebastian Ndeitunga, Zambezi region

Eba Kandovazu NAMIBIAN Police Inspector General, Sebastian Ndeitunga, says married police officers in the Zambezi region would receive first priority for accommodation in the newly donated flats. At the anding over of the Sanzila court, by the Muadinohamba Family Trust, Ndeitunga noted that it is concerning that married police officers reside in police barracks, which he says are not convenient to “feel at home” and also for their integrity as family unit. Ndeitunga stresses that police officers stationed at Katima Mulilo travel long distances from villages to provide policing services, while others stay in rented houses due to lack of…

10 Dec

Trustco board advisors vindicated by shareholder vote

info_e12wt4csObserver MoneyTrustco, TRUSTCO Group Holdings Ltd

Tujoromajo Kasuto TRUSTCO Group Holdings Ltd.’s minority shareholders have overwhelmingly endorsed and confirmed the board's accounting treatment and auditor's opinions on the group financial statements. This includes the loan forgiveness transactions of more than N$1.5 billion by Next Capital Ltd, Trustco’ s majority shareholder, in a non-binding advisory vote called by the Board of Directors. In the eyes of the minority shareholders, this vote effectively vindicates the actions of the board, the group auditors, and the independent accounting advisors. Minority shareholders were also asked to vote on whether Trustco should move its listing and, if necessary, delist for a period…

10 Dec

Boy (13) charged with rape of boy (9)

info_e12wt4csObserver MoneyPolice

Eba Kandovazu THE police in Ondangwa are investigating a rape case in which a nine-year-old boy was allegedly raped by a 13-year old boy at the village of Okiimba on Tuesday. According to Oshana Police Spokesperson, Inspector Thomas Aiyambo, the incident occurred around 16h00. The boy was reportedly on his way home when the suspect, approached him in the bushes and forced himself on him. Police say although both the suspect and victim are from the same village, the former is still at large. In another rape incident, a case of rape was registered at Ongwediva Police station after a…

10 Dec

Geingob pleased with Cabinet’s work despite COVID-19 challenges

info_e12wt4csObserver MoneyCabinet, Namibia, president Hage Geingob

Eba Kandovazu PRESIDENT Hage Geingob says although Namibia faced challenges this year as a result of the deadly Coronavirus pandemic, Government has stood strong and Cabinet has responded to multiple crises with swiftness and purpose. At the last Cabinet meeting of the year, he says in the midst of immense human losses, Cabinet has provided the nation with the reassurance of direction, order and security. “In the eye of the storm, we have steered the ship towards calmer waters. Through your swift and decisive action, our nation has been able to avert a potential humanitarian disaster. At this juncture, I…

09 Dec

OGF hosts virtual transitional justice panel discussion in the observance of International Commemoration of Genocide Day

info_e12wt4csObserver MoneyDiasporans from Botswana, Otjinene Constituency, Ovaherero, Ozombuzovindimba, South Africa, United Kingdom (UK)

Staff Writer Diasporans from Botswana, South Africa, United Kingdom (UK) are among panelists joining descendants of the victims of the Ovaherero and Nama genocide in tackling this issue during a virtual discussion to be livestreamed tomorrow evening. This is to observe the International Day of Commemoration and Dignity of the Victims of the Crime of Genocide, and of the Prevention of this Crime, which is observed every year on 9 December. This year also sees the 78th anniversary of the 1948 United Nations Convention on the Prevention and Punishment of the Crime of Genocide, also known as the Genocide Convention.…