Page 509 – News Stand

16 Feb

Swakop’s 85 MW green hydrogen project cleared …. Project to include nuclear reaction, disposal of nuclear fuels, radioactive products

info_e12wt4csObserver Money

CHAMWE KAIRA The 85 MW green hydrogen energy project by HDF Energy Namibia near Swakopmund has been given Environmental Clearance Certificate by the Ministry of Environment, Forestry and Tourism, the company announced this week. “Notice is hereby given that on 22 January 2024, the Ministry of Environment, Forestry and Tourism: Directorate of Environmental Affairs granted an Environmental Clearance Certificate for the project in terms of the Environmental Management Act (No. 7 of 2007) and the Environmental Impact Assessment Regulations 2012. This provides HDF Energy Namibia with authorisation to develop and operate the Renewstable Swakopmund Project, east of the town of…

16 Feb

Auction for 26,384 MT of horse mackerel

info_e12wt4csObserver Money

The Ministry of Finance and Public Enterprises has announced plans to auction 26,384 metric tons (MT) of horse mackerel to the highest bidder, aiming to generate revenue for government expenditure. The bidding process will close on 1 March. The tender conditions stipulate that bids must be in multiples of 100 metric tons, with a minimum price of N$3,500 per MT for freezer fish and N$1,000 per MT for wet fish. Each bidder is required to provide a bid security deposit equal to the reserve price per MT multiplied by the volume of MT applied for. The ministry has outlined that…

16 Feb

SPYL outraged at member’s involvement in homosexual rape

info_e12wt4csNational NewsSPYL outraged at member’s involvement in homosexual rape

Niël Terblanché The Swapo Party Youth League (SPYL) has in the strongest terms repeated its resolute stance against homosexuality and all that the agenda of gender identity politics entails. Ephraim Nekongo, the Secretary of SPYL went as far as to call on the Namibian Government to strengthen the country’s legal instruments to combat the destructive agenda of gender identity politics. Nekongo’s outrage follows in the wake of the arrest of a Gobabis municipal councillors arrest in connection with the rape of a 17-year-old boy. The Namibian Police Force reported that the incident occurred on Tuesday when the victim visited the…

16 Feb

Upgrade for Rundu purification plant

info_e12wt4csObserver Money

CHAMWE KAIRA The Ministry of Environment, Forestry and Tourism has given Namwater an environmental clearance certificate to upgrade the Rundu Purification Plant, Namwater has announced. The project aims to upgrade the existing water supply schemes at Rundu and Nkarapamwe (inclusive of construction of a new water treatment plant at Rundu, upgrading of water supply abstraction, reservoirs and conveyance systems and the decommissioning of the old water treatment plant and associated redundant infrastructure at Rundu. Projects documents obtained by Observer Money showed that both NamWater schemes have difficulties in coping with the water demand at Rundu Town. The reservoirs’ levels are…

16 Feb

Diamond production hit by lower grades

info_e12wt4csObserver Money

Namibia’s diamond production decreased by 4% to 600 000 carats in the fourth quarter of 2023, due to marginally lower grades at the land operations, the De Beers Group announced. Overall, De Beers rough diamond production decreased by 3% to 7.9 million carats, primarily due to the planned reduction in South Africa as Venetia transitions to underground operations, partly offset by higher production from Botswana. In Botswana, production increased by 6% to 6.1 million carats, principally driven by increased plant throughput at Orapa due to planned lower maintenance. In South Africa, production decreased by 54% to 0.4 million carats, due…

16 Feb

Ten Namibian dollars for Microsoft shares

info_e12wt4csObserver Money

FNB Namibia announced this week the dual listing of the FirstRand Bank Limited Exchange Traded Note (ETN) programme on the Namibian Stock Exchange (NSX). The ten listed instruments will provide ordinary Namibians the ability to invest in quality international companies like Amazon, Berkshire Hathaway and Microsoft with for as little as N$10. FNB said International diversification is important to any investment portfolio and the FNB ETN’s provide an easy and cost-effective manner to start diversifying your investment portfolio. “The ETN note programme makes use of the concept of micro investing thus promoting financial inclusion. Because the programme is listed on…

16 Feb

Namibia lays out memorial and funeral protocol for diplomatic corps

info_e12wt4csNational News

Niël Terblanché In a solemn assembly with the diplomatic corps in Windhoek, Vice President Netumbo Nandi-Ndaitwah expressed profound gratitude for the global solidarity and support following the passing of President Hage Geingob. She told the assembly that the nation is collectively navigating through this period of profound sorrow, bolstered by the comforting messages of condolences from around the world. Vice President Nandi-Ndaitwah outlined the protocol surrounding the arrangements for the state funeral of President Geingob and reminded the diplomats of the seamless transition of leadership to Dr Nangolo Mbumba, who was sworn in as the fourth President of the Republic…

16 Feb

Opportunities for future mining workers

info_e12wt4csObserver Money

CHAMWE KAIRA Namib Desert Diamonds (Pty) Ltd (Namdia), the diamond marketing and sales company, has, through its Namdia Foundation, granted life-changing opportunities to 14 young Namibians from all 14 regions in the country. The recipients of the 2024 academic intake of the Namdia Foundation Bursary Scheme have described the bursaries as transformative. Tommy Shaningwa, from the Ohangwena Region, has been awarded a bursary to pursue a degree in electronic and computer studies at the University of Namibia. He expressed gratitude, stating, "This is a once-in-a-lifetime opportunity. I feel deeply honored and privileged to receive such a sophisticated bursary. Namdia is…

16 Feb

TUCNA will study Januarie’s proposal to sue the government for $522 million

info_e12wt4csNational NewsTUCNA will study Januarie’s proposal to sue the government for $522 million

Stefanus Nashama Mahongora Kavihuha, the Secretary-General of the Trade Union Congress of Namibia (TUCNA), says he is aware of the letter from Werner Januarie, the President of the Namibia Transport and Taxi Union (NTTU) calling for solidarity with the federation to support him in a lawsuit in which he is demanding N$522 million from the government. “I am aware of the letter. We did receive it,” he confirmed during an interview with the Windhoek Observer yesterday. According to Kavihuha, the federation will study the proposal to establish and determine whether they can support it or not. “We are going to…

16 Feb

Is leveraging benefits the end or means to an end and what end?

info_e12wt4csOpinions

“Addressing poverty in mining areas and generally across the country requires a multi-faceted approach. First, and foremost, there must be greater transparency and accountability in the management of natural resources. The interests of local communities must be prioritized, and mechanisms for meaningful participation in decision-making processes must be established. Next, we must acknowledge that poverty in mining communities is not a standalone issue but rather a symptom of broader systemic challenges. Therefore, our approach must be holistic, addressing the root causes of poverty while simultaneously leveraging the opportunities presented by the mining sector.” Said National Planning Director General, Obeth Kandjoze…