Observer Money – Page 218

22 Sep

Security cluster operations make a come-back

info_e12wt4csObserver MoneyCity Police Chief Abraham Kanime, Windhoek

Helena Johannes Security cluster operations will return to Windhoek amid outrage over a spate of gruesome crimes reported over the past few days. City Police Chief Abraham Kanime said the police unit had engaged with other stakeholders such as the Namibian police and the Namibia Defense Force to ensure that safety and security procedures are a priority in and around Windhoek. “We met on Saturday to re-check our strategy on how we are going to enforce the operation,” he said. This comes as there has been a significant increase in serious crimes in the area. In the latest incident, an…

18 Sep

Shivute officially appointed NamRa boss

info_e12wt4csObserver MoneyNamibia Revenue Agency (NamRA), president Hage Geingob, Sam Shivute

Staff Writer Sam Shivute has officially been appointed as the inaugural Commissioner of the Namibia Revenue Agency (NamRA) with effect from the 28th of September after cabinet chaired by President Hage Geingob approved his appointment. The development has resulted in Shivute resigning from the Bank of Namibia, where has held various positions since he joined in 2003 and with a farewell event was held in his honor on Wednesday. As head of NamRa, Shivute reports directly to Finance Minister Iipumbu Shiimi and the NamRA board of directors. Shuvute and Shiimi are former collogues at the central bank where the Finance…

18 Sep

Fishcor resolves to change ‘tainted’ name

info_e12wt4csObserver MoneyFishcor

Andrew Kathindi The newly appointed Fishcor Board has resolved to change the company’s name as it continues to be used at the forefront of the Fishrot scandal. Fishcor was allegedly used to illegally funnel millions out of the fishing industry. These actions were done by its accused former board chairman and CEO, James Hatuikulipi and Mike Nghipunya in a web that is believed to be wide-reaching. Hatuikulipi, Nghipunya along with several others known as the Fishrot seven, including former Fisheries Minister Bernard Esau and former Justice Minister, Sackey Shanghala, are currently in prison while awaiting trial on various related charges.…

18 Sep

Finance ministry struggles with ITAS registration

info_e12wt4csObserver MoneyMinistry of Finance

Helena Johannes The Ministry of Finance has only managed to register 24 percent out of its 90 percent target of registered tax payers for its Integrated Tax Administrative System (ITAS), Windhoek Observer can reveal. According to the Ministry only 98,959 out of 369,509 taxpayers have registered through ITAS. Demographically the registrations are: Windhoek (27 percent), Walvis Bay 23,490 out of 103,998 (23 percent), Oshakati 17,199 out of 102,524 (17 percent), Otjiwarongo 12,031 out of 55,794 (22 percent), Keetmanshoop 11,319 out of 49,870 (23 percent), Katima Mulilo 4,037 out of 12,971 (31 percent) and Rundu 3,980 out of 28,491 (14 percent).…

18 Sep

69 apply for NSFAF tender

info_e12wt4csObserver Money

Helena Johannes Nearly 70 companies have applied for a tender to provide students with laptops valued at N$6,000 per unit, Namibia Students Financial Aid Fund (NSFAF) acting CEO Kennedy Kandume announced on Thursday. The Ministry of Higher Education according to fund, will pay 50 percent of the total amount for each laptop while students will be required to pay the other 50 percent which is equivalent to N$3000. “NSFAF received 69 applications to carry on the tender of student laptops. The laptop will come with a 10GB connectivity device which costs N$690,” Kandume said. He added that students will also…

18 Sep

Venaani hits back at SWAPO over Zim motion

info_e12wt4csObserver MoneyMcHenry Venaani, Popular Democratic Movement (PDM), SWAPO, Zimbabwe

Clifton Movirongo Popular Democratic Movement (PDM) president McHenry Venaani has hit back at the ruling party’s decision to vote down a parliamentary motion tabled by his party on the current “crisis” in Zimbabwe, even before the motion was motivated. “To us, it is a greatest act of cowardice and in a gross disregard of the plight of the people of Zimbabwe. While I do respect and abide to the majoritarian rule tenet that applies to constitutional democracies such as ours, we also do not condone majoritarian rule that defies logic,” Venaani said. The PDM leader hints that instability in Zimbabwe…

18 Sep

State of emergency comes to an end

info_e12wt4csObserver Moneypresident Hage Geingob, State of Emergency

Andrew Kathindi The six-month state of emergency which was put in place in March, and lapses at midnight on Thursday 17 September, will not be extended, President Hage Geingob has announced. This comes as it emerged that Geingob did not have the legal power to make an extension without making overtures to the opposition as the move will require parliamentary approval. The President, however, said his government had assessed and weighed both the positive and negative impacts of the regulations and considered the additional capacity created during the six-month period, which led to the decision. “This is a defining moment…

17 Sep

Agribusdev boss found dead

info_e12wt4csObserver MoneyAgricultural Business Development Agency (Agribusdev), Petrus Uugwanga

Staff Writer Suspended Agricultural Business Development Agency (Agribusdev) Managing Director, Petrus Uugwanga was found dead on Wednesday, September 16, 2020. According to the Police, Uugwanga’s body was found in Otjimuise with a gunshot wound to the chest. A pump action shotgun found lying few meters from the body. “The body was lying next to a Grey Amarok Volswagen D/Cab which is registered in the name of the deceased,” Namibian Police spokesperson Deputy Commissioner Kauna Shikwambi said. “The motive is not known and there was no suicide note left behind. The deceased was an employee of Agricultural Business Development (AgriBusDev). His…

17 Sep

Swapo grapples with 2/3 majority loss …As state of emergency extension requires parliamentary approval

info_e12wt4csObserver Moneypresident Hage Geingob, SWAPO

Andrew Kathindi Swapo has for the first time felt the impact of losing the 2/3 majority in Parliament as the decision over extending the state of emergency looms. This comes as President Hage Geingob would need a two/third majority (66 members of the 95 voting members) in order to extend state of emergency which lapses on Thursday. Geingob will address the nation tomorrow to pronounce himself on the matter. Popular Democratic Movement (PDM) leader, McHenry Venaani last week said that his party will not support any extension of the state of emergency. “That 2/3 majority allows the [ruling] party that…

16 Sep

Taxi union want N$14 retained …as Ministry declines N$15.40 increase

info_e12wt4csObserver MoneyNTTU leader Werner Januarie

Andrew Kathindi The Namibia Transport and Taxi Union (NTTU) is calling for the N$14 taxi fare to remain in place whether or not the state of emergency is lifted on Thursday at midnight. This comes after the union’s attempt to increase the going taxi rate to N$15.40 for 1 September, citing an increase in the price for petrol was rejected by Ministry of Works and Transport. NTTU leader Werner Januarie said the union is looking at the situation on the ground and is considering a demonstration in this regard. “We did make a request previously, which was turned down by…