Page 636 – News Stand

11 Jul

Paratus signs deal to serve the offshore industry

info_e12wt4csObserver MoneyParatus signs deal to serve the offshore industry

Staff Writer Namibia’s privately owned telecommunications and network company, Paratus and wireless communications company Ceragon Networks have signed a multi-year agreement to provide high-capacity wireless offshore communication solutions to the oil and gas industry in Namibia, Angola, and Mozambique. The agreement effectively combines Ceragon’s world-class stabilising technology for offshore assets, including rigs and or floating production storage and offloading platforms (FPSOs), with the Paratus onshore network infrastructure to give customers an unequalled service for the fast and secure transmission of vital data. The Ceragon technology connects offshore floating, rotating and/or navigating infrastructure via a uniquely stabilised live microwave link over…

11 Jul

Minister’s reaction fuels Amupanda’s corruption allegations

info_e12wt4csMainMinister’s reaction fuels Amupanda’s corruption allegations

Stefanus Nashama The Affirmative Repositioning (AR) leader, Job Amupanda, yesterday threatened to reveal more information on the corruption allegations of the Minister of Higher Education, Training and Innovation, Itah Kandjii-Murangi, after she claimed innocence on social media. Amupanda claimed that there was a ‘Sunday Meeting’ between Kandjii-Murangi and what he termed the higher education cabal to get its stooges at the University of Namibia (Unam) to get rid of him. Amupanda is employed as a Senior Lecturer for Political Science at Unam. He also claimed that higher education is not run by laws and governance structures but by a secret…

11 Jul

New desalination plant is vital for Erongo

info_e12wt4csNational NewsNew desalination plant is vital for Erongo

Niël Terblanché The construction of a second desalination plant on the shore of the Atlantic Ocean will enable the Erongo Region to attain its development goals at a much faster rate. Neville Andre, the Erongo Regional Governor during his State of the Region Address indicated that progress with the construction of a second desalination plant at the coast is progressing well. “We welcome the progress made on the envisaged central coast desalination plant in as much as Cabinet approval was obtained, land has already been secured and permits for abstraction have also been obtained,” he said. Andre said he is…

11 Jul

National Council calls for proper domestic financial stock

info_e12wt4csNational NewsNational Council calls for proper domestic financial stock

Stefanus Nashama The Rehoboth Urban Constituency Regional Councillor, Harald Kambrude noted that Namibia can move away from the South African Rand and minimize international debts by building proper financial stocks. The Councillor made these remarks yesterday while contributing to the Second Reading of the Banking Institution Bill in the National Council. Financial stocks are a type of security that gives stockholders a share of ownership in a company. Kambrude argued that Namibia is still piggybacking on the South African financial system which he says is making the country too vulnerable. He called on the country to localize the financial system…

11 Jul

Veteran loses out on grant

info_e12wt4csNational NewsVeteran loses out on grant

Hertta-maria Amutenja The former Secretary General of the Namibia National Liberation Veterans Association (NNLVA) and Veteran of the liberation struggle, Alex Kamwi has lost his application with the High Court of Namibia to have his veterans grant reinstated by the Veterans Board. High Court Judge Marlene Tomasi found that Kamwi could not prove the oral agreement he claimed he entered into with Thadeus Elago, the Director for the Directorate of Policy, Heritage and Registration at the Veterans Ministry. Elago has denied having entered into such oral agreement. Judge Tomasi ruled that Elago’s denial is not so far-fetched. “The respondents’ version…

11 Jul

Basic income grants needed to address malnutrition

info_e12wt4csNational NewsBasic income grants needed to address malnutrition

Martin Endjala Following an announcement by the Ministry of Health and Social Services that 45 children under the age of five died due to malnutrition in the Omaheke region between January and June 2023, measures are needed to redress the scourge of extreme poverty. The universal basic income grant is seen as a tool that could provide an answer to the question of hunger. Basilius Kasera, a lecturer of Religion, Philosophy and Applied Ethics at the University of Namibia told this publication that he believes that this is not a political statement, but one proven to guarantee households with the…

10 Jul

Containing rising inflation is necessary – BoN

info_e12wt4csObserver MoneyContaining rising inflation is necessary - BoN

Martin Endjala The Governor of the Bank of Namibia Johannes !Gawaxab says Monetary Policy must continue to contain rising inflation, while targeted support should be provided to cushion citizens from the impact. The Governor said this last week during an engagement with the Parliamentary Standing Committee on Economics and Public Administration, aimed at addressing domestic and global development. Discussions covered issues related to COVID-19 economic recovery initiatives, the Bank’s efforts to regulate banking fees and charges, currency arrangement, as well as Namibia’s progress in addressing the findings of the 2022 Mutual Evaluation. !Gawaxab said containing rising inflation is also matched…

10 Jul

Crypto regulation bill passes

info_e12wt4csObserver Money

Namibia has embraced cryptocurrencies and digital assets by approving the relevant bill in the National Assembly and by doing so, joined several other African nations. The bill, which passed Namibia’s lower house of parliament aims to regulate digital assets, cryptocurrencies and virtual asset service providers (VASPs). The legislation aims to establish a framework for licensing and regulating VASPs. It also seeks to appoint a regulatory authority responsible for supervising these providers and their activities. The main objectives of the bill are to ensure consumer protection, prevent market abuse, and mitigate the risks of money laundering, the financing of terrorism and…

10 Jul

Venaani wants cheaper electricity for single parents

info_e12wt4csNational NewsVenaani wants cheaper electricity for single parents

Hertta-Maria Amutenja Popular Democratic Movement (PDM) leader, McHenry Venaani will table a notice of motion in parliament on Tuesday, to explore possible remedies such as subsidised utilities and public transport to create better safety nets for single mothers. In addition, he will call for lessening the disproportionate socio-economic burden placed on single mothers. “Single-parent households generally have lower incomes and are more vulnerable to food insecurity. Further, that this motion be referred to the relevant Parliamentary Standing Committee,” read the notice of motion. In his notice, Venaani said according to the most recent census Namibia has 464 839 households, of…

10 Jul

NUST rectifies delayed exam results

info_e12wt4csNational NewsNUST rectifies delayed exam results

Martin Endjala Following growing concerns expressed by some Namibia University of Science and Technology students who are unable to access their results due to invoices that were not submitted to the Namibia Student Financial Assistant Fund (NSFAF), the university claimed that it has rectified the issue and that results will be made available. NUST spokesperson, John Haufiku could not confirm or deny that results were delayed. He, however, confirmed that all senior NSFAF students, who passed and progressed to the current academic year already have access to view results and register for the second term. “The accounts status of the…