Page 497 – News Stand

15 Jan

MIT Achieves Milestone in 2023 – Mukobonda

info_e12wt4csNational NewsMIT Achieves Milestone in 2023 - Mukobonda

Martin Endjala In 2023, the Ministry of Industrialisation and Trade (MIT) accomplished significant milestones, setting the stage for further progress in 2024. Chief Communications Officer, Elijah Mukobonda, explains that MIT’s primary objective is to foster sustainable social and economic development by creating an enabling environment that benefits all citizens. This mission is accomplished through the formulation of conducive policies, legislation, and strategies, aimed at facilitating business operations, promoting investments, establishing industries, supporting Micro, Small, and Medium Enterprises (MSMEs), and expanding and developing export markets and products. During the review period, Mukobonda highlighted the ministry’s creation of the National Informal Economy,…

15 Jan

Delta student claims top spot in 2023 NSSCO AS level…dedication and study strategies propel him to the academic pinnacle

info_e12wt4csNational Newsdedication and study strategies propel him to the academic pinnacle, Delta student claims top spot in 2023 NSSCO AS level

Hertta-Maria Amutenja Jonathan Louw, a student from Delta Secondary School in the Khomas region, has secured the coveted first position in the 2023 NSSCO Advanced Subsidiary Level Examinations. In an exclusive interview with this publication, Louw said his dedication and commitment to his studies have positioned him as a beacon of academic excellence and a role model for aspiring students. Louw shared insights into his successful journey, shedding light on the meticulous approach he undertook to clinch the top spot. “I approached it with consistency throughout the year and with the knowledge that the work would be much more than…

15 Jan

No customer funds were affected by attempted theft of N$200 million

info_e12wt4csNational NewsNico Hijendepi Rebebe, No customer funds were affected by attempted theft of N$200 million

Staff Writer Nico Hijendepi Rebebe, a 30-year-old employee of Bank Windhoek in Opuwo, is currently on the run after attempting to steal an amount of N$200 million on Saturday 13 January 2024. It is alleged that Rebebe transferred N$100 million into two different bank accounts without the authorization of the bank manager. The bank manager told investigators that the two accounts were opened on 20 December 2023. After making the transfer the suspect left the bank and disappeared. Baronice Hans, the Managing Director of Bank Windhoek in a statement said that the bank managed to keep its losses to less…

15 Jan

Namibia rejects Germany’s defence of Israeli atrocities in Gaza

info_e12wt4csMainNamibia rejects Germany’s defence of Israeli atrocities in Gaza

Hertta-Maria Amutenja Namibia has taken a firm stance against Germany’s recent support of what it calls the “genocidal intent” of the Israeli state against civilians in Gaza. The rejection comes as a response to Germany’s decision to defend Israel’s actions before the International Court of Justice, despite widespread international concern and condemnation. President Hage Geingob expressed deep concern over Germany’s position. The President drew attention to Germany’s historical connection with Namibia, where the first genocide of the 20th century occurred between 1904-1908. The German government, according to President Geingob, has yet to fully atone for the atrocities committed on Namibian…

12 Jan

Just Saying with Matts Haikali

info_e12wt4csOpinions, SportsJust Saying with Matts Haikali

As we usher in 2024, the landscape of sports in our country is undergoing a significant transformation. For those deeply involved in sports, be it as athletes, administrators, partners, or stakeholders, this shift presents a promising sign. However, as we make plans for the upcoming sports activities, it is imperative that we navigate this changing terrain with careful consideration. Am just saying, that in this era dominated by social media, the need for transparent and effective communication has never been more crucial. Awareness of the evolving dynamics within our sports codes is paramount, as there are individuals seeking to undermine…

12 Jan

Exclusive Interview with the Executive Director of NYSDP, Isa Saidi

info_e12wt4csSportsExclusive Interview with the Executive Director of NYSDP, Isa Saidi

Name : Isa SaidiDate of Birth : 24 DecemberPlace of Birth : Kamativi Town - ZimbabwePosition : Founder and Executive DirectorOrganization : National Youth Sports Development Platform Can you provide a brief overview of your involvement in sports and what career path you have chosen?My journey started in football, from my early days as a player at the primary and secondary levels, to a stint with Kadoma United FC in the second division. It was during this time that I recognized the abundance of untapped talent and chose to channel my efforts into the development of football.Transitioning from being a…

12 Jan

Bannerman receives mining licence

info_e12wt4csObserver Money

Bannerman Energy Ltd has received the mining licence for its flagship Etango Uranium Project. “Our team in Namibia were very excited to receive the mining licence for the Etango uranium project. The project is now fully permitted and shovel ready as 2024 begins,” the company said this week. This comes on the heels of the news that France has announced plans to build an additional eight nuclear reactors on top of six already planned. It was also announced recently that the United Kingdom had made a landmark £300 million investment to become first nation in Europe to produce enriched uranium…

12 Jan

Out with Revival without revival in with Expectations!!!

info_e12wt4csOpinionsOut with Revival without revival in with Expectations!!!

Kae Matundu-Tjiparuro The year 2023 was not only declared as one of revival by the government itself but also confirmed, ironically and strangely by the government itself, as indeed by its economic apparatchiks and would be economic, political and social analysts as indeed one of revival. Not that Yours Truly Ideologically would have any beef with the self-glorification and justification by the government of the day. As during its existence over close two five-year terms this has been one of its hallmarks. With little if any serious independent analyses by Namibia’s would be independent and serious analysts, other than the…

12 Jan

BoN sets monetary policy dates

info_e12wt4csObserver Money

The Bank of Namibia has set dates for the Monetary Policy Announcements for 2024. The Bank of Namibia's Monetary Policy Committee (MPC) meets every two months to announce its interest rate decision and the broad direction of monetary policy. The 2024 Monetary Policy Announcement dates for 2024 are as follows: 14 February, 17 April, 19 June, 14 August, 23 October and 4 December. Looking back at the monetary decisions the bank made last year, February saw the MPC deciding to increase the repo rate by 25 basis points to 7%. The increase in the repo rate effectively brought the prime…

12 Jan

Government bonds returned 17.4% in 2023

info_e12wt4csObserver Money

Cirrus Capital has stated that in the calendar year 2023, Namibian government bonds returned 17.4% on the back of substantial spread compression. Cirrus Capital, which focuses on corporate advisory, capital raising and research said spreads declined by an average of 119bps across the curve, with the most notable declines across the long end of the curve (GC37 – GC50), down on average 214bps. In the review of the Namibia Stock Exchange, Cirrus Capital said amongst the primary listed shares on the NSX, Standard Bank Namibia was the best performing in 2023, with a total return of 114%, whilst Paratus Namibia…