Page 359 – News Stand

16 May

Kasuto accused of illegal withdrawal of N$250 000

info_e12wt4csNational News

Martin Endjala The former President of the Mineworkers Union of Namibia (MUN), Ismael Kasuto, is being accused of illegally withdrawing N$250 000 from the Namibia Miners Investment Trust (MAMIT), founded by MUN. This is according to the National Executive Committee (NEC), which discovered that on April 29, Kasuto allegedly withdrew the money for personal use by transferring it into one bank account of a local law firm to avoid future litigation. MUN's acting president, Poco Mberiuana, made this revelation on Thursday during a media update on the organisational self-correcting and renewal process. Mberiuana said that by the time Kasuto withdrew…

16 May

Construction of 500-bed Windhoek district hospital commences

info_e12wt4csNational News

Stefanus Nashama The long-awaited district hospital for Windhoek at Havana Informal Settlement has begun construction. Vice President Netumbo Nandi-Ndaitwah officiated at the groundbreaking ceremony for the 500-bed hospital on Thursday. According to her, the construction of the new hospital represents the government's commitment to ensuring healthcare service delivery to its nation. She expressed confidence that the hospital's construction phase would create hundreds of jobs. “The contractor is under instructions to make sure that the people closer by should be the first beneficiaries,” she stated. Talks for the construction of the hospital have been ongoing for years. The City of Windhoek…

16 May

Geingob’s vision to minimise ocean waste comes to fruition

info_e12wt4csMain

Ester Mbathera Late President Hage Geingob's commitment to minimising seafood loss and waste transformation, with the goal of providing more food from the ocean, has come to fruition. This comes after the launch of the Namibia Ocean Cluster, Africa's first initiative with the mission of maximising the use of all seafood harvested. Supported by the World Economic Forum’s Ocean Action Agenda, this innovative non-profit entity is set to drive significant socio-economic and environmental benefits for the country. Geingob's involvement came from the participation in a high-level panel discussion for a sustainable ocean economy. Pierre le Roux, Seawork's Sales and Marketing…

16 May

Namibia not affected by De Beers separation plans in RSA

info_e12wt4csNational NewsDe Beers Group Chief Executive Officer Al Cook

Erasmus Shalihaxwe De Beers Group Chief Executive Officer Al Cook said Anglo American's announcement regarding its intention to explore a range of options to separate De Beers' business will not affect its operations in Namibia and other countries. Cook announced this on Tuesday after Anglo American announced the demerging of its interests from De Beers. Cook said that De Beers Group remains fully focused on delivering its strategy and creating value in the interests of all its stakeholders. “De Beers has led the diamond industry for more than a century. We have unparalleled expertise, outstanding assets across more than 20…

16 May

NIP employees receive salary increase

info_e12wt4csNational NewsNamibian Institute of Pathology (NIP)

Stefanus Nashama Employees at the Namibian Institute of Pathology (NIP) received a salary increase of between six and 10 percent for the 2024/25 financial year. The Namibia Public Workers Union (NAPWU), which represented the employees, and NIP signed a collective wage agreement. According to a statement issued by NIP on Thursday, the agreement took effect on 1 April. Speaking at the signing ceremony, Mateus Ndeshikeya, the deputy general secretary of NAPWU, commended the parties for negotiating in good faith and avoiding the involvement of a third party. “We should continue finding amicable solutions without having to go to a third…

16 May

Kelp Blue to list blue bond on NSX

info_e12wt4csObserver Money

CHAMWE KAIRA Kelp Blue, a company specialising in the cultivation of giant kelp with operations based in Luderitz, has forwarded the programme memorandum to the Namibian Stock Exchange (NSX) and is currently awaiting feedback. Anouk Bosman, head of marketing and communication told Observer Money this week that upon receipt, the company will proceed to submit a formal filing for listing. Kelp Blue aims to launch a blue bond programme towards the end of 2024, with the goal of raising US$20 million annually for four years. This funding will be utilised for the planting of up to 1000 hectares of kelp…

16 May

Choppies to open seven more shops

info_e12wt4csObserver Money

CHAMWE KAIRA Choppies Enterprise Limited, the mother company of Choppies Supermarket Namibia (Pty) Ltd plans to open seven more shops in the country this year. Currently Choppies has 18 stores and is planning to open another three stores in the next few months as fit out of these stores are already underway, the company said in response to questions by Observer Money. “For 2024 we plan to open another seven stores.” Choppies said it is looking at expanding into the south of the country where the excitement around oil and green hydrogen is top of mind and the development which…

16 May

NamPower optimistic about winter power supply

info_e12wt4csObserver Money

NamPower, managing director, Kahenge Haulofu talks to Observer Money about the power supply situation this winter. He explains that the company spends up to N$4 billion per year on imports. He also explains that NamPower applied for a tariff increase 14,59% but the Electricity Control Board (ECB) only approved a bulk tariff increase to 8%. Observer Money (OM): Winter is fast approaching and Zambia has already indicated that it will reduce exports. Is Namibia affected by possible reduced imports from neighboring countries? Kahenge Haulofu (KH): Yes, currently NamPower is currently affected with an export reduction totaling 60MW from the Zambian…

16 May

Green hydrogen vessel expected in two years

info_e12wt4csObserver Money

CHAMWE KAIRA Cleanergy Cleanergy Solutions Namibia has revealed that the first hydrogen-powered ship in Africa will be ready in two years’ time. The company together with CMB.TECH, Port of Antwerp Bruges and Namport, plans to launch the first hydrogen-powered ship in Africa. Currently, the company is in the process of finalising the technical design of the vessel in a team work between CMB.TECH, Cleanergy, PoAB and Namport. “We believe that a period of about 24 months is required before the vessel can be delivered to Namport. Financing of the project will come from various sources -own equity, bank and other…

16 May

TYRE FIRE:

info_e12wt4csLatest

Residents of Swakopmund have been warned to refrain from disposing of hot coals and ashes in regular refuse bins, as improper disposal of such materials poses significant risks.The warning came after a large cloud of black smoke was seen billowing over the coastal town, sparking concern among residents. The black smoke was caused by old vehicle tyres that caught fire on Thursday at about lunchtime.The smoke was a result of a fire at the local waste dump site.The situation was, however, quickly brought under control by the Swakopmund Fire and Rescue Services.Despite the dramatic appearance of the smoke, especially with…