Page 565 – News Stand

11 Sep

Enhancing Accountability in Public – Private Partnership in Namibia

info_e12wt4csOpinionsEnhancing Accountability in Public – Private Partnership in Namibia

Ndimudule Laina NdeumanePublic Analyst Public–private partnerships in Namibia are one features that are growing economic landscape since independence was declared in the 1990s. Despite the boom in mining industry ventures, the fiscal deficit is growing and living standards remain inadequate in localized areas, PPPs are increasingly sought after for wider social objectives. There is still a degree of resistance to private sector involvement in public services, with concerns over how employment would be affected and how black and gender empowerment could be incorporated into such schemes. Namibia has little in the way of dedicated public–private partnership policy framework. Like many…

11 Sep

Why I do what I do – a calling to promote law and access to justice

info_e12wt4csOpinionsWhy I do what I do – a calling to promote law and access to justice

Fedden Mainga Mukwata When people say your life can change in the blink of an eye, they mean it. When I look back at the events of the past 18 months, I can say that some of my wildest dreams became true or came closer to realization. My dream has always been to make law and justice accessible – to share my legal knowledge. Hence, I started FASZ Legal Consultancy CC through which that dream may be fully realized. On the other hand, I started noticing a grim picture around this line of work. I have appeared on, and follow,…

11 Sep

557 men committed suicide in 17 months

info_e12wt4csMain557 men committed suicide in 17 months

Hertta-Maria Amutenja In the last 17 months, Namibia has reported 679 cases of suicide, with a staggering 82 percent of these tragic incidents involving men, according to a recent announcement by Health and Social Services Minister Dr Kalumbi Shangula. This revelation comes during the commemoration of September’s Suicide Prevention Month last week at the conference on Mental Health and Psychosocial Support for Men. Shangula expressed deep concern over the rising number of suicides and the reluctance of many men to seek help due to societal stigmas that label them as weak. He emphasised the importance of fostering an environment where…

08 Sep

Trans-Kalahari Railway construction scheduled for 2025

info_e12wt4csObserver MoneyMmamabula in Botswana, Trans-Kalahari Railway project

Chamwe Kaira The construction of the ambitious Trans-Kalahari Railway project, a collaborative effort between Namibia and Botswana, is poised to commence in January 2025. The project’s price tag is projected to amount to billions of US dollars. Spanning 1500 kilometers, the railway line will stretch from Mmamabula in Botswana to its final destination, Walvis Bay, primarily serving as a conduit for transporting coal and copper from Botswana. In a recent announcement, the two nations disclosed their plans to initiate a call for Expressions of Interest (EOI) from interested parties starting from September 6 to November 8. The Trans-Kalahari Railway is…

08 Sep

Phase one completed at Omaruru lithium project

info_e12wt4csObserver MoneyPhase one completed at Omaruru lithium project

Phase one of the Omaruru Lithium Project has been successfully completed, Osino Resources Corporation reported this week. The company said Prospect Resources Limited, the majority owner on the project, will now proceed with phase two of the earn-in agreement. In the fourth quarter of 2022, Osino entered into an Earn-In and Shareholder Agreement with Prospect, granting Prospect the right to acquire a 40% interest in the project upon the completion of phase one and the potential to increase it to 51% upon completion of phase two. Prospect has the opportunity to earn up to an 85% interest in the project,…

08 Sep

Meatco to maximise key premium markets

info_e12wt4csObserver MoneyMeatco to maximise key premium markets

Chamwe Kaira Meat producer, Meatco plans to maximize its returns and improve its revenue by focusing on the key premium markets, that is, Norway, Europe, UK, China and USA. Norway remains a strategic premium market from which Meatco derives significant revenue from the allocated quota of 1,200 tonnes for 2023, the company said in the 2022/23 annual report. Meatco said international realisation for the period under review increased by 15% to N$121.60/kg versus prior year (2023: N$106.50/kg). Meatco obtained a 33.33% interest in GPS Norway AS on 19 May 2014. GPS Norway AS is a Norwegian registered company with the…

08 Sep

Gold digger pursing local investors

info_e12wt4csObserver MoneyGold digger pursing local investors, Twin Hills Gold Project i

Chamwe Kaira Osino Resources, the Canadian gold exploration and development company that is focused on developing its wholly owned, Twin Hills Gold Project in central Namibia recently dual listed on the Namibian Stock Exchange.The company views Namibia is a good investment destination and has stated that its core projects are favourably located north and north-west of Windhoek and that by virtue of their location, the projects benefit significantly from Namibia’s well-established infrastructure with paved highways, railway, power and water in close proximity.Osino has further said Namibia is mining-friendly and lauded as one of the continent’s most politically and socially stable…

08 Sep

Exports to African markets reach N$4.9 billion

info_e12wt4csObserver MoneyExports to African markets reach N$4.9 billion

Namibia’s exports to African markets reached N$4.9 billion in July. The figure was contained in the Namibia Merchandise Trade Statistics Bulletin for July released by the Namibia Statistics Agency. In terms of imports, the country sourced goods from Africa worth N$4.7 billion in July of which N$ 4.6 million was sourced from Mauritius. In its monthly focus, the report looked at Namibia’s trade with Mauritius. Namibia exported goods worth N$186.5 million during the period 2015 to 2022, while on the demand side, imported goods amounting to N$604.9 million over the same period were sourced from Mauritius. The export basket to…

08 Sep

NedNamibia expects GDP to reach 3% in 2023 and 3.4% in 2024

info_e12wt4csObserver MoneyNedNamibia expects GDP to reach 3% in 2023 and 3.4% in 2024

Chamwe Kaira NedNamibia Holdings (NNH) Group, the mother company of Nedbank Namibia expect the South African economy will expand by a lacklustre 0.3% in 2023, firming to only 1% in 2024. Namibia will fare better, but we still forecast economic growth to dip from 4.6% in 2022 to 3% in 2023 and 3.4% in 2024. This was revealed in interim results for the six months ended 30 June 2023. The results showed that headline earnings increased to N$241 million from N$ 118 million in June 2022. This increase was mainly attributed to the upward trend in the endowment benefits experienced…

08 Sep

Green hydrogen, oil holds promise for Lüderitz

info_e12wt4csObserver Moneyf Rossing Uranium Mine in Swakopmund, Green Hydrogen, oil holds promise for Lüderitz

Chamwe Kaira Green hydrogen and the discovery of oil are instilling hope in Lüderitz, as these industries promise significant development. The realisation of these ambitious projects hinges on substantial support from the central government, particularly in terms of crucial infrastructure and town expansion. Lüderitz is set to host a remarkable N$10 billion green hydrogen industry, while the revelation of over 11 billion barrels of offshore oil reserves in the Atlantic Ocean is expected to catalyse the town’s growth. Fluksman Samuehl, CEO of the Lüderitz Waterfront Development Company, emphasized the importance of coordinated efforts between investors and the government to ensure…