Observer Money – Page 158 – Windhoek Observer

14 Aug

NWR campaign aimed at boosting domestic and regional tourism

Featured, Observer Moneyf Southern African Development Community (SADC), NWR campaign aimed at boosting domestic and regional tourism, THE Namibia Wildlife Resorts (NWR)

Niël Terblanché THE Namibia Wildlife Resorts (NWR) has launched a drive to promote Namibia as a tourist destination of choice. Nelson Ashipala, the NWR’s communications manager announced that the state-owned enterprise will lower accommodation fees for Namibians and residents of Southern African Development Community (SADC) countries in a bid to increase the number of tourists visiting Namibia. According to Ashipala, the initiative offers up to 50 percent off at select resorts under the management of the NWR. "The main focus is to promote domestic and regional tourism, which is part of NWR's mandate," said Ashipala. He added that the offer…

14 Aug

Cost of living to continue upward trajectory: Simonis Storm

Observer MoneyCost of living to continue upward trajectory: Simonis Storm, THE cost of living

Martin Endjala THE cost of living is estimated to continue rising, despite indications that headline inflation rates are steading increasing with small margins as monthly inflation rates for July was recorded at 0.3 percent, up from 0.1 percent in June.This is the 23rd month in a row that monthly inflation has recorded a small increase, rising at an average of 0.5 percent per month since September 2021.According to Simonis Storm Securities Economist, Theo Klein, an overview of the country’s current inflation rate, normalisation of global raw material prices, and decreasing commodity prices are resulting in lower production costs, as evidenced…

11 Aug

Anticipated surge in gold production

Observer MoneyAnticipated surge in gold production

Chamwe Kaira Namibia is poised to experience a surge in gold production, driven by the recent revelation from Osino Resources, a Canadian company engaged in gold exploration and development. The company is actively advancing the Twin Hills Gold Project situated in central Namibia. Osino Resources has made a significant discovery of gold mineralization at the Eureka greenfields exploration project, suggesting a promising future for gold extraction in the region. Dave Underwood, Osino’s Vice President for Exploration, remarked, “The Eureka license was initially identified in 2019, and there remain multiple additional targets awaiting exploration. Our outlook for Eureka is highly optimistic,…

11 Aug

Namdia chairman to ‘reflect’ after FIC appointment

Observer Money

Chamwe Kaira Bryan Eiseb, the Chairman of Namib Desert Diamonds (NAMDIA), Namibia’s state-owned diamond company, has expressed his need for contemplation regarding his board memberships on Namdia, the Namibia Institute of Pathology (NIP), and Petrofund. This comes after his recent appointment as the Director of the Financial Intelligence Center (FIC), set to commence on January 1, 2024. When asked by Observer Money about the potential impact of his FIC role on his positions in state companies, Eiseb responded, “I will need to carefully consider all these matters. My decisions will always be made with a conscious understanding of what’s best…

11 Aug

Rosalia Martins-Hausiku resigns from Letshego

Observer MoneyRosalia Martins-Hausiku resigns from Letshego

Staff Writer Letshego Namibia, the financial services group, has announced the resignation of Rosalia Martins-Hausiku from her position as an independent non-executive director. The decision, driven by personal reasons, was communicated to the company’s board on August 1, 2023, and will take effect on July 31, 2023. This departure extends to the company’s subsidiaries as well. Since joining the board on May 18, 2017, Martins-Hausiku has played a valuable role within the Letshego group. The company expressed gratitude for her significant contributions during her tenure as an independent non-executive director. In a statement on the Namibian Stock Exchange, Letshego conveyed…

11 Aug

Uranium One to respect the law

Observer MoneyRussian firm Rosatom has committed Uranium One Group, Uranium One to respect the law

Chamwe Kaira Uranium One, which is the subsidiary of Russian firm Rosatom has committed Uranium One Group has committed to respect the country’s mining and environmental the laws and regulations as it explores for uranium. Uranium One Group is exploring for uranium in the Leonardville area. The company’s spokesperson Riaan van Rooyen the company will respect all regulations. “Uranium One has always, and will always, respect the laws, rules and regulations of Namibia and it will not change,” said Van Rooyen. Talking about opposition to the project by some farmers, environmentalists and politicians, Van Rooyen said the project does not…

11 Aug

Telecom experiencing poor connectivity amidst fiber optic break

Observer MoneyKunene Grapes and Citrus Et Al (Proprietary) Limited, Telecom experiencing poor connectivity amidst fiber optic break

Chamwe Kaira Kunene Grapes and Citrus Et Al (Proprietary) Limited is planning to grow fruits such as grapes, citrus and avocado at a plantation in the northern western part of Namibia. The fruits are planned to be grown on 670 hectares of land in Otjomaungu village in the Epupa Constituency that the company has applied for. According to information obtained by Observer Money, the agricultural activities will be conducted concurrently across the applied plot and is expected to be conducted throughout the two plot areas. The company is now planning to conduct an environmental management assessment under the Environmental Management…

11 Aug

Communication companies only share passive infrastructure… but disputes arise from resistance to sharing active infrastructure

Observer MoneyCommunication companies only share passive infrastructure… but disputes arise from resistance to sharing active infrastructure, Mobile Virtual Network Operators., t dominant Licensees

Chamwe Kaira The Communications Regulatory Authority of Namibia (CRAN) has reported that dominant Licensees have shown a positive reception towards the sharing of passive infrastructure, and no conflicts have arisen in relation to this practice. CRAN introduced regulations regarding infrastructure sharing in October 2016, aiming to establish a framework that promotes fair and non-exclusive sharing of both passive and active telecommunications infrastructure by dominant licensees. CRAN emphasized the significance of active infrastructure sharing in facilitating open-access collaboration, leading to cost reductions that ultimately benefit consumers. This collaboration involves licensees utilizing the radio network of other operators, such as national roaming…

11 Aug

100MW solar plant for //Karas region

Observer Money100MW solar plant for //Karas region, Witputz Energy (Pty) Limited

Chamwe Kaira Witputz Energy (Pty) Limited, a local company is seeking to become an active renewable energy provider in Namibia and is planning to set up a 100MW solar plant in the //Karas region. The company has already applied for about 150 hectares of land just west of Witputz village in the //Kharas Region, according to documents made available to Observer Money. Witputz Energy says it is planning to become a major player in the renewable energy sector in the south western part of Namibia. The solar power plant construction activities will be conducted concurrently across the proposed area. The…

11 Aug

Urgent intervention needed to mitigate starvation: Nghituwamata

Observer MoneyNdiyakupi Nghituwamata i, Urgent intervention needed to mitigate starvation: Nghituwamata

Niël Terblanché DRASTIC interventions are needed to mitigate the increasing number of people who fall into a situation of severe food insecurity. The Executive Director of the Ministry of Agriculture, Water and Land Reform, Ndiyakupi Nghituwamata in an overview of the situation report on crop prospects, food security and the drought situation the lack of rain is at the heart of the situation where more people are facing starvation. In an assessment of the situation report on crop prospects, food security, and the drought scenario, Ministry of Agriculture, Water, and Land Reform Executive Director, Ndiyakupi Nghituwamata, , stated that the…