Page 654 – News Stand

08 Aug

Namibia enacts first visual assets Act

info_e12wt4csObserver MoneyBANK of Namibia (BoN, Namibia enacts first visual assets Act

Stefanus Nashama BANK of Namibia (BoN) says the country has approved laws for the first time to license and regulate virtual asset service providers and initial token offering service providers. This was revealed by BoN Director of Strategic Communications and International Relations, Kazembire Zemburuka yesterday. BoN will administer the Virtual Assets Act, 2023 (Act No. 10 of 2023) (VAA), which went into effect on July 25. “Before the landmark legislation was enacted, Namibia identified virtual assets as a growing threat avenue for generating and laundering proceeds of crime, with the banking sector and members of the general public being the…

08 Aug

Foreign Investment Act is outdated: Iipumbu

info_e12wt4csNational News

Hertta-Maria Amutenja MINISTER of Industrialisation and Trade, Lucia Iipumbu says Namibia’s Foreign Investment Act is out of date and does not accommodate modern investment dynamics such as innovation and sustainable investment. Iipumbu made these statements during the Namibia Investment Promotion and Facilitation Bill Stakeholders Consultation in Windhoek on Monday. She highlighted that the current legislation does not support realistic efforts that encourage the adoption of 4th Industrial Revolution-driven investments, nor will it sufficiently support future policy developments centered on Special Economic Zones, which aim to safeguard Namibia’s ability to attract investments. “The new investment policy regime will thus improve a…

08 Aug

Homosexuality is a call from God: Mushunina

info_e12wt4csNational Newsanti-same-sex marriage Private Member’s Bill., Homosexuality is a call from God: Mushunina

Staff Writer JEREMIAH Mushunina has urged President Hage Geingob not to sign Swapo Parliamentarian and former Youth Minister, Jerry Ekandjo’s anti-same-sex marriage Private Member’s Bill. Mushunina became famous after he publicily outted a male pastor whom he was in a homosexual relationship with and was also one of the guest speakers at the Ondangwa anti-gay and same-sex marriage rally. Mushunina stated in a video extensively circulated on social media that homosexuality is a “call from God,” and that no one should deceive the public by attempting to come clean while interacting with people who engage in the practice. “I was…

08 Aug

Prioritise funding entrepreneurship over social grants: Sheehama

info_e12wt4csNational NewsPrioritise funding entrepreneurship over social grants: Sheehama

Martin Endjala INDEPENDENT bank researcher and economist, Josef Sheehama says one way to alleviate teenage unemployment is to foster entrepreneurship rather than focusing solely on social grants, as some people advocate. Sheehama told Windhoek Observer that entrepreneurial support appears to be a successful approach because it can lead to enhanced economic inclusion, less assistance dependency, and stronger social cohesion of forcibly displaced people throughout their displacement cycle. “Despite increased coverage of social grants and well-developed social security, poverty in Namibia has historically been high. Monthly grants can greatly improve conditions; nevertheless, they will not provide the same level of support…

08 Aug

MVA Fund targets Ohangwena region’s worrying road crashes

info_e12wt4csUncategorised

Martin Endjala THE Motor Vehicle Accident Fund (MVA) has expressed concern over the number of accident related fatalities recorded in the Ohangwena region. The MVA Fund highlighted that the region is ranked third in the number of road crash-related fatalities, and pointed out that a large proportion of incomplete claims result from the region lacking the required documents or incomplete documentation. In a media statement, MVA Fund, Corporate Communications and Stakeholder Relations Manager, Hilaria Graig noted that in addition to the high number of accidents in the region, they want to address incomplete claims and the lack of required paperwork,…

08 Aug

Zhong Mei fights for N$33m garnished by NamRa

info_e12wt4csNational NewsBank of Namibia, NamRA, Standard Bank, Zhong Mei fights for N$33m garnished by NamRa

Staff Reporter Zhong Mei Engineering Group has dragged Namra, Standard Bank, Bank of Namibia, and the finance minister to the High Court over N$33m garnished from its account as unpaid tax for 2013 and 2018. The company says Namra instructed Standard Bank to deduct N$33, 031, 543.04 from its account on 12 July 2023 as unpaid tax. According to Zhong Mei, Namra ordered the garnishing order while negotiations to pay off the debt were going on between the parties. The company offered to pay N$2m once off and settle the rest in instalments. Jiang Chong Yaun, who represented Zhong Mei,…

08 Aug

Convicted rapist, Krylov commits suicide in prison

info_e12wt4csNational NewsAnna Engelbrecht, Convicted rapist, Krylov commits suicide in prison

Niël Terblanché ALEXANDER Krylov, a Walvis Bay resident, who began serving a 35-year prison sentence in March of this year, committed suicide at the Windhoek Central Correctional Facility. Krylov and his co-accused, Anna Engelbrecht, were sentenced to 35 years and 20 years in jail, respectively, in March this year after being convicted of rape and human trafficking. Krylov was found guilty on 10 charges of rape, ten counts of human trafficking, and one count of giving cigarettes to children under the age of 18, while Engelbrecht was found guilty on three counts of rape and five counts of human trafficking.…

08 Aug

Venaani urges govt to prioritise fight against child rape

info_e12wt4csNational NewsMcHenry Venaani, Venaani urges govt to prioritise fight against child rape

Stefanus Nashama POPULAR Democratic Movement (PDM) Leader, McHenry Venaani has urged government to consider the fight against child rape a priority to eradicate social evil that leaves children traumatised after incidents. He called government to allocate additional resources to law enforcement agencies to investigate child rape cases efficiently. In a statement, Venaani stated that government should establish specialised units to deal with such sensitive matters and ensure that justice is served swiftly. Venaani said the judicial system should also prioritise child rape cases, ensuring fair and timely trials for the perpetrators. According to the opposition leader, the recent reports of…

08 Aug

Govt to blame for country’s ills: Itula

info_e12wt4csMainGovt to blame for country’s ills: Itula

Stefanus Nashama INDEPENDENT Patriots for Change (IPC) leader, Panduleni Itula has blamed the Swapo led administration for the lack of public service delivery. He argued that the Swapo led government had failed to deliver on its pledges and had not addressed the country’s pressing concerns. Itula confronted the government during his past week’s ‘trip exploring the Ohangwena region, where he pointed out government flaws and failures since independence. Itula told a crowd in Ohangwena last week that government owes the Namibian people an apology for the Fishrot Scandal, which involved Swapo Ministers, Sackeus Shanghala and Bernhardt Esau. He explained that…

08 Aug

Namibia reached a milestone in eradicatingmother-to-child disease transmission

info_e12wt4csNational NewsCongenital Syphilis and Hepatitis B, Namibia reached a milestone in eradicatingmother-to-child disease transmission

Niël Terblanché Namibia has an unprecedented opportunity to eliminate new HIV, Congenital Syphilis and Hepatitis B infections among newborn babies and children. The country has achieved the 95-95-95 targets set by the World Health Organisation (WHO) and the government is fully committed to the goal of Zero New HIV Infections while continuing to invest in the HIV and AIDS response According to Ben Nangombe, the Executive Director of the Ministry of Health and Social Services, investment is needed to sustain the tremendous progress the country has made in scaling up HIV service to ensure easy access to comprehensive, high-quality treatment…