Uncategorised – Page 49 – Windhoek Observer

20 Feb

The Time Traveler: Air Namibia, and building things that last

UncategorisedAir Namibia, building things that last

Hugh Ellis Everyone who came back from exile has different memories of the trip home. One that stands out for me is my first sight of the Air Namibia (then still Namib Air) airplane, with its distinctive logo, through the window of Frankfurt Airport. I was only 12 years old then, but it was the first time I remember feeling a sense of national pride. Air Namibia’s forthcoming liquidation hurts. It hurts hard. For 600 employees who will now lose their jobs, this hurt is doubtless far, far worse. I am truly sad that Air Namibia, at least for a…

20 Feb

Abortion debate huddles in Parliament

UncategorisedAbortion debate, Ester Muinjangue

Kandjemuni Kamuiiri The much anticipated Parliamentary debate on legalizing abortion in Namibia could fail to materialize this year, with the National Assembly confirming that the motion, which lapsed last year, had not been re-tabled and thus not scheduled to be debated by the house. This comes after Deputy Minister of Health, Ester Muinjangue who tabled the legalization of abortion last year, had maintained that the discussion will happen at the beginning of the year when the Parliament reopens for 2021. “As far as I am concerned the matter was still up for discussion, the motion has not lapsed, it is…

20 Feb

Challenge Air lawyers start hunt for Air Namibia’s assets

UncategorisedAir Namibia’s assets, Anicent Baun, Challenge Air lawyers, EURO 5

Andrew Kathindi Lawyers representing Anicent Baun, liquidators representing Challenge Air on Friday served Air Namibia with a writ of execution after the airline breached a settlement agreement, where it was supposed to have paid N$ 103 million by end of day Thursday. According to the writ of execution, in possession of Windhoek Observer, a public auction of the airliner’s assets is to be held in order to raise EURO 5,800,000.00, or its equivalence in Namibian dollars at the rate of 20 per cent. This amount is to be deemed tempore morae, a legal term meaning the interest on a claim…

19 Feb

RMB wins global finance magazine award

UncategorisedGlobal Finance magazine, RMB Namibia

Staff Writer RMB Namibia has been recognised by Global Finance magazine as the 2021 Best Treasury and Cash Management Bank. “We are extremely proud of Global Finance’s recognition of the long-term value we orchestrate for our clients. With the advent of Covid-19, the importance of innovative and self-service electronic banking channels that enable multijurisdictional optimisation of liquidity and cash management have become even more vital for corporates.” RMB Namibia CEO Philip Chapman said. RMB’s launch of multiple country online balance viewing and local and cross-border online payments, including the ability to invest through online channels, has enabled global treasurers to…

19 Feb

Alternative channels: affordable and accessible to all

UncategorisedFNB Namibia, FNB Points of Presence

Staff Writer “Over the past few years, FNB Namibia has focused on developing a strong financial service offering, with special emphasis on digitisation, says Rodney Forbes, Executive Officer: FNB Points of Presence. “This means that we are constantly finding ways and means to ensure that every customer of ours has access to banking services without a physical branch”. Forbes advised that the digitisation strategy of FNB has been successful thus far and has cemented the outlook of the bank that expanding and increasing its branch and ATM footprint is not part of the bank’s overall digitalisation strategy. “We review our…

18 Feb

Govt to lose N$600m in quota fees …as 1100 jobs are threatened

UncategorisedFishcor, Government Gazettes, Seaflower Pelagic Processing (SPP)

Staff Writer African Selection Fishing Namibia (AFSN) Chairperson and Seaflower Pelagic Processing (SPP) majority shareholder, Adriaan (AJ) Louw, says N$ 600 million in quota fees alone, over the next 12 years, could be lost to Government, should it proceeds to approve the attempted termination of the joint venture between National Fishing Corporation of Namibia Limited (Fishcor) and AFSN. The businessman confirmed that over and above the quota fees of N$ 48 million per year, Fishcor could also lose their 40 percent share in the investment made. Employment of 655 workers will also be in jeopardy, while another 450 workers already…

17 Feb

Pest Control Using Homemade remedies

UncategorisedGood Agricultural Practices

Hanks Saisai Crop production is an activity that involves the cultivation or tilling of land to enable people to grow their own food for self-sustenance. However, farmers can encounter several challenges before they can harvest their desired produce. One of the most predominant challenges are pests and diseases. Pests are organisms that attack crops by eating them or causing diseases. When growing crops, it is of great importance that farmers acquire knowledge of the types of pests that may attack and cause damage to crops. There are mainly four types of pests; chewing pests which eat and chew on crop…

16 Feb

Ninety One makes senior appointment

UncategorisedNinety One

Staff Writer Omri Oliver has been appointed as Client Manager for Ninety One, formerly Investec Asset Management Namibia. Until recently, Oliver was Head of Distribution for the Corporate segment at Old Mutual Namibia, which included all group risk, smooth bonus investments, preservation funds and life annuity products. “I am excited to work for a company like Ninety One. It ranks as one of the few – if not the only – Southern African investment firms to have achieved success both here at home and on a global scale. This bears testament to the quality of leadership, culture and investment expertise…

16 Feb

Changing gears over Air Namibia

UncategorisedAir Namibia, Covid-19, Namibia

CHAMWE KAIRA The liquidation of Air Namibia is a sad episode in post-independence Namibia. The national flag carrier is gone, jobs have been lost and the ripple effects will be felt across the economic and social fabric of the country for a long time. The country is already facing a depressing period with the COVID 19 pandemic and the economic recession, the Air Namibia shutdown adds to the misery. The loss of jobs at the airline adds to unemployment figures caused by companies shutting down due to the pandemic and recession. Employment figures released by the Ministry of Labour, Industrial…

15 Feb

Ancestral land rights undisputable, but beware of Capitalistic hegemony

UncategorisedAncestral land rights, Ancestral Land Rights Claims and Restitution, Capitalistic hegemony

Kae Matundu-Tjiparuro The Report of the Commission of Inquiry into Ancestral Land Rights Claims and Restitution, now in the public domain, is reaffirming claims to and of ancestral land rights by a section of the indigenous people of Namibia as an undeniable historical fact. A historical fact which the propertied class in Namibia, and their lackeys, have been portraying, twist and spinning as fiction. The indigenous people were dispossessed of their land in the name of Colonialism and Capitalism. Consequently they were and most are still displaced internally, and externally in the Diaspora of Botswana and South Africa, among many…