Page 644 – News Stand

30 Jun

Public warned against dangers of veld fires

info_e12wt4csNational NewsPublic warned against dangers of veld fires

Hertta-Maria Amutenja The Ministry of Environment, Forestry and Tourism has warned farmers, property owners and the general public to take the necessary precautions to minimize the risk of veld fires during the dry winter season. Romeo Muyunda, the ministry’s spokesperson said the country is currently in its fire season which has been observed in the past to cause massive damage to the environment, properties and people. The dry season stretches between April and September. He added that since the start of the fire season, almost half a million hectares of grazing have already been destroyed by veld fires. “The fire…

30 Jun

New Agronomic Board achieves gender parity

info_e12wt4csNational NewsNew Agronomic Board achieves gender parity

Hertta-Maria Amutenja Agriculture, Water and Land Reform Minister, Calle Schlettwein said the new Namibia Agronomic Board (NAB) has achieved gender inclusivity and gender equality with the appointment of new members. Schletttwein, during the inauguration of the new board yesterday said the people in the new positions are representatives of various industries that link into the value chains and are experts in their required fields. “The Board is constituted, and its members, including the Chairperson and Deputy Chairperson of the board, shall be appointed by, and for a period as determined under, sections 14 and 15 of the Public Enterprises Governance…

30 Jun

Shaningwa challenges Kawana on same-sex marriage

info_e12wt4csMainShaningwa challenges Kawana on same-sex marriage

Martin Endjala The Swapo Party Secretary General, Sophia Shaningwa has expressed her disappointment with Albert Kawana, the Minister of Home Affairs, Immigration, Safety and Security for complying with the ruling of the Supreme Court on the 16th of May 2023 to recognize same-sex marriage from abroad. This comes after the Ministry announced that it will implement the immigration act as per the Supreme Court Judgement on the treatment of same-sex marriages validly concluded between Namibians and foreign nationals outside Namibia as provided in section 2(1)(c) of the immigration control ACT NO. 7 of 1993. As a result, Shaningwa yesterday posted…

29 Jun

Northern hemisphere tourists prepare to travel

info_e12wt4csObserver Money

With the northern hemisphere summer rush around the corner, travel concerns around delayed flights, surging airfares, and congestion in the airport are not putting travelers off air travel. Preliminary findings from the 2023 SITA Passenger IT Insights released this week revealed that 32% of passengers cited anxiety around flight cancellations when booking their next flight. Nearly two out of 10 passengers surveyed cited concerns around congestion in the airport and pointed to high airfares. This was fueled by past experience, where 56% of respondents said they had experienced delays or cancellations and 48% long airport queues. Yet travelers intend to…

29 Jun

The power of long-term investing amidst challenges

info_e12wt4csObserver Money

STEPHEN BAARD The average person on the street has had a difficult year as central bankers continued to battle stubbornly high inflation. This has resulted in rising interest rates with no end in sight. Equally, we have had to deal with a weak currency that has provided no relief as oil prices rose as well. Additionally, the world still looms in the shadow of conflict as geopolitics has recently emerged as the top news story, and all of this is set against a backdrop of global macro uncertainty. One might be excused for wanting to hide their money under the…

29 Jun

AerCap announces lease placement of aircraft with Airlink

info_e12wt4csObserver Money

AerCap Holdings N.V. this week announced lease placements with Airlink, the largest regional airline in Southern Africa, for three used Embraer E195-E1 aircraft. The first aircraft was delivered in March, while the second and third aircraft are scheduled for delivery in July 2023. “We are very pleased to welcome Airlink as a new customer to AerCap with the lease of three E195 aircraft," said Peter Anderson, the Chief Commercial Officer of AerCap. “We wish all the team at Airlink every success and look forward to working with them for many years to come.” “Airlink is on a steady growth path,…

29 Jun

NamPost remains relevant and sustainable

info_e12wt4csObserver MoneyNamPost remains relevant and sustainable

CHAMWE KAIRA The 2022 NamPost financial results indicate that NamPost remains a relevant and sustainable service provider in the Namibian landscape and continues to play a critical role in social and financial inclusion for all citizens, according to board chairperson, Simeon Amunkete. Amunkete said the group proved its resilience despite a prolonged economic downturn and the Covid 19 pandemic. “These conditions tested NamPost’s business continuity plans, and it is encouraging that it emerged with the ability to remain standing, while planning for further future diversification possibilities,” said Amunkete. He said Namibia’s economy still faces substantial challenges, and 2022 was characterised…

29 Jun

Appian acquires stake in Rosh Pinah zinc mine

info_e12wt4csObserver Money

CHAMWE KAIRA Appian Capital Advisory LLP, the investment advisor to long-term value-focused private capital funds that invest in mining and mining-related companies, has acquired an 89.96% interest in the producing Rosh Pinah zinc mine, located in the south of the country from Trevali Mining Corporation. Rosh Pinah is an operating underground zinc-lead mine with a 2000 tonnes per day milling operation and Appian plans to restart the Rosh Pinah mine expansion project which will nearly double the mine’s annual ore throughput to 1.3 million tonnes and improve safety and environmental performance. Appian will retain the existing site management team and…

29 Jun

Oryx Properties offering new shares

info_e12wt4csObserver Money

CHAMWE KAIRA Oryx Properties says both existing and new investors have a new opportunity to invest in one of Namibia’s leading property companies. Oryx is embarking on a growth strategy for the next two years and is in the process of acquiring the Dunes Mall in Walvis Bay. As part of the funding strategy, Oryx has embarked on a renounceable rights issue. This will see current investors in Oryx being allocated letters of allocation, allowing them to purchase additional units in Oryx. Further, this means that new investors will be able to purchase rights to invest in Oryx on the…

29 Jun

B2Gold contributes N$19.5 billion to economy

info_e12wt4csObserver MoneyB2Gold contributes N$19.5 billion to economy

CHAMWE KAIRA B2Gold Namibia production records show that in the eight-year period since commercial production was declared (from March 2015 up to 31 December 2022), the company contributed N$19.5 billion to the Namibian economy. Since commercial production was achieved in 2015, the company has spent over N$ 12 billion on localprocurement. Of its total supplier spend, approximately 80% relates to spending on Namibian suppliers of goods and services. B2Gold has operating gold mines in Mali, the Philippines, and Namibia, and a portfolio of exploration and development projects in several countries, including Canada, Mali, Finland, Cote d’Ivoire, and Uzbekistan.B2Gold is a…