Page 549 – News Stand

18 Dec

Namcor alleges blatant fraud in the acquisition of military fuel storage facility

info_e12wt4csMainNamcor alleges blatant fraud in the acquisition of military fuel storage facility

Niël Terblanché Immanuel Mulunga, the suspended Managing Director of Namcor, along with several other individuals, is facing legal action that could cost them over N$53 million in restitution to the National Petroleum Corporation of Namibia (Namcor). The state-owned entity while filing particulars of a claim at the Namibian High Court has made serious allegations of fraud during the acquisition of a military fuel storage facility in Walvis Bay. The claim asserts that Mulunga and nine other defendants are responsible for a transaction that was concluded in breach of government control structures, resulting in significant financial losses to Namcor. Namcor’s decision…

15 Dec

Just Saying with Matts Haikali

info_e12wt4csOpinions, Sports

In past weeks, the spotlight has shifted onto the concept of community ownership of clubs in Namibia, unveiling a compelling drama surrounding one of the oldest and most successful clubs in the premier league. Am just saying, the unfolding events not only bring into question the current state of governance within community clubs but also underscore the indispensable role supporters and fans play in sustaining these cherished institutions. All am saying is that one cannot underestimate the impact of passionate supporters on the success and longevity of a football club, especially in the absence of clear governance structures to explain…

15 Dec

Exclusive Interview with Rosvitha Ghunonga Mansodi aka DJ Rossberry, Kavango Super Cup Festival Spokes person

info_e12wt4csSportsExclusive Interview with Rosvitha Ghunonga Mansodi aka DJ Rossberry, Kavango Super Cup Festival Spokes person

NAME : Rosvitha Ghunonga Mansodiaka DJ RossberryDATE OF BIRTH : 12 SeptemberPLACE OF BIRTH : RunduPOSITION : Marketing officerORGANIZATION : Kavango Super Cup FestivalPOSITION : Spokes personCLUB : Kavango Super Cup Festival Who is DJ Rossberry, and how did you end up being involved in sports?My journey in sports started in 2021 when I was appointed to become a social media manager for a sports festival called Kavango Super Cup. I started creating content for sports and interviewing the players and the public about the tournament. 2022 I was appointed as the marketing officer for the festival, I did the…

15 Dec

What ideologies do political parties, formations offer?

info_e12wt4csOpinionsformations offer?, What ideologies do political parties

AN ideology can be defined and or described as a system of ideas and ideals, especially one which forms the basis of economic or political theory and policy. Yours Truly Ideologically is deliberately invoking the definition ideology because ideology is something many, if not most if not all, Namibian political parties and formations take for granted. This is despite their claims, and/or pretentions to being players on the local political terrain aspiring, for some illusively ambitiously so, to political power. But once obtaining such political power it has never been clear what they want to do with it, based on…

15 Dec

President hands over 89 MHDP houses in Swakopmund

info_e12wt4csNational NewsPresident hands over 89 MHDP houses in Swakopmund

Niël Terblanché Namibia took a significant step forward when President Hage Geingob handed over 89 houses constructed under the Mass Housing Development Programme (MHDP) to a group of fortunate recipients in Swakopmund. “Today is yet another step forward in the government’s quest for National Housing Delivery. In this Year of Revival, we have managed to accomplish quite a lot, notwithstanding our economic realities. One thing is for sure: No matter what challenges we have faced, are facing, and may face in the future, I can confidently reaffirm our government’s unwavering commitment towards the provision of decent and affordable houses and…

15 Dec

Namibia is on track with economic recovery and stability

info_e12wt4csNational News

Niël Terblanché Namibia is currently navigating a path of economic recovery by focusing on preserving macroeconomic stability, advancing structural reforms, and protecting its most vulnerable citizens which is crucial for fostering private sector-led inclusive growth. This approach is also seen as key to reducing the persistent challenges of unemployment and inequality in the country. In a recent assessment by the International Monetary Fund (IMF) during its 2023 Article IV Consultation, Namibia has shown remarkable resilience against global economic shocks. According to the IMF’s findings, the country has effectively managed the adverse effects of the COVID-19 pandemic and the ongoing geopolitical…

15 Dec

PM calls for human rights-centred development policies in Geneva

info_e12wt4csNational News

Niël Terblanché Namibia’s challenges in accessing global capital markets, exacerbated by factors such as exchange rate and market volatility came under scrutiny at the Human Rights 75 high-level event in Switzerland. The country’s classification as an upper-middle-income country is limiting its access to developmental assistance because of stringent loan conditions that are not centred on human rights. Dr Saara Kuugongelwa-Amadhila, the Prime Minister of Namibia, while chairing the third roundtable discussion at the event marking the 75th anniversary of the Universal Declaration of Human Rights (UDHR) in Geneva said that there is an urgent need to address global inequalities and…

15 Dec

Electricity boosted by good Ruacana flow

info_e12wt4csObserver Money

CHAMWE KAIRA The electricity and water sector is expected to maintain strong growth in 2023, before registering low growth in 2024, according to Bank of Namibia statistics. The electricity and water sector is estimated to grow by 9.5 percent and 4.2 percent in 2023 and 2024, respectively, a slowdown from 10.3 percent in 2022. The strong growth in 2023 is mainly attributed to the electricity sub-sector where local generation of electricity improved on the back of an increased water level at the Ruacana hydro-power plant during the latest rain season. The latest growth estimate for 2023 was revised upwards by…

15 Dec

SIM card registration period will not be extended

info_e12wt4csNational NewsSIM card registration period will not be extended

Martin Endjala The Ministry of Information and Communication Technology (MICT) has maintained that the period for the registration of Subscriber Identity Model (SIM) cards will not be extended beyond the 31 December 2023 deadline. This is despite calls from various sections of society to extend the set deadline During an interview with Windhoek Observer this week, the Executive Director of the information ministry, Audrin Mathe said that despite the time frame provided for this critical process, it is disappointing to observe the low public response, reiterating that there will be no extensions. Mathe and representatives from both the Communication Regulatory…

15 Dec

Low volumes delay Namcor/TransNamib deal

info_e12wt4csObserver Money

CHAMWE KAIRA The Memorandum of Understanding signed between Namcor and TransNamib on September 6, 2021 for the transportation of lubricants has not commenced yet because of the lower volumes. “Regarding the quantity of petroleum and lubricant products transported by Namcor since the agreement was signed, we have not yet commenced the transportation of lubricants with TransNamib. This is due to lower volumes, and our strong client relationships allow us to deliver lubricants directly to our customers,” said Paulo Coelho, Manager of Marketing, Communication and Public Relations at Namcor. However, Coelho, said in terms of ULP and Diesel, for the year…