Page 680 – News Stand

28 Apr

EIF procures four new automated weather stations

info_e12wt4csNational NewsEIF procures four new automated weather stations

Martin Endjala The Environmental Investment Fund of Namibia (EIF) in partnership with the Mobile Telecommunication Company (MTC) through the IREMA project, has procured four automated weather stations at a total cost of N$800 000. This was announced by EIF Chief Executive Officer Benedict Lubinda during the handover last week under the theme “Improving Rangeland and Ecosystem Management Practices of Smallholder Farmers under Conditions of Climate Change in Sesfontein, Fransfontein, and Warmquelle areas of the Republic of Namibia.” The CEO said that procurement of the four stations reinforces Namibia’s unwavering commitment to implementing early warning systems as a crucial means of…

28 Apr

Road safety agencies urged to work in harmony

info_e12wt4csNational News

Martin Endjala Eliphas !Owos-Oab, the National Road Safety Council Chairman, has urged road safety agencies to work in harmony despite their local authority affiliation. “Arguments such as ‘No I am from the Walvis, Rehoboth or Windhoek Local Authority and do not report to you’ for example must become a thing of the past. We need to create cohesion and stop misunderstanding one another and fighting amongst each other,” he said. !Owos-Oab said this during the conclusion of the 8th Annual Conference of Road Safety that was held under the theme ‘Creating a conducive environment for Synergy, accountability, performance management and…

28 Apr

Alternative data key to unlocking financial conundrums

info_e12wt4csNational NewsAlternative data key to unlocking financial conundrums

Martin Endjala Access to alternative data is the key to unlocking a lot of problems facing the financial sector at the moment. The Head of Africa Regions, TransUnion Africa Thabo Molefe says that the bottom line is that data is the future. “But we must seize the opportunity now If we are able to access a bigger pool of consumer data,” he said. Molefe was of the opinion that access to better data will go a long way towards combating the plague of loan stacking, and even allow institutions to work together to fight the rising tide of digital fraud.…

28 Apr

Namibia observes International Girls in ICT Day

info_e12wt4csNational NewsNamibia observes International Girls in ICT Day

Stefanus Nashama Namibia joined the rest of the world in observing International Girls in Information Communication Technology Day. Shoki Kanjimi, the Senior Public Relations Officer in the Ministry of Information and Communication Technology said the event in Namibia was presented under the theme ‘digital skills for life’. Kandjimi said the day aims to inspire and encourage girls from all walks of life to pursue a future in ICT and empower them with to necessary skills, confidence and support to achieve their goals and bridge the gender gap in digital Global Statistics have shown that girls and women particularly in the…

28 Apr

BoN records increase in the use of counterfeit money

info_e12wt4csNational News

Hertta-Maria Amutenja The Bank of Namibia (BoN) has recorded 206 incidents where counterfeit banknotes were used in the span of a year. According to the central bank’s 2022 annual report, the number of incidents represents an increase of 32.9 percent during the year in review. “Two-hundred-and-six (206) counterfeit notes were recorded in 2022 and it is more than the 155 recorded in the previous year. However, the counterfeit notes remained of poor quality and below the Bank’s threshold of 10 pieces per million in circulation, as well as the industry standard of 70 pieces per million in circulation,” read the…

28 Apr

Revenue from the extractive industry must benefit all

info_e12wt4csMainRevenue from the extractiveindustry must benefit all

Niël Terblanché Namibia like many other African countries has to improve Domestic Resource Mobilisation (DRM) and take charge of own development agendas with funds garnered from improved fiscal policies and robust taxation systems.Delegates from across the continent gathered in Swakopmund to attend the African Tax Administration Forum (ATAF) Workshop on Value Added Tax (VAT) Administration and Compliance in the Extractive IndustryThe Namibia Revenue Agency (NamRA) is hosting the two-day event which is aimed at providing insights and updates on the best practices in VAT administration and compliance.At the official opening of the workshop, Mary Baine, the Deputy Executive Secretary and…

27 Apr

Brutal child abuse shocks villagers

info_e12wt4csFeaturedBrutal child abuse shocks villagers

Niël Terblanché A 94-year-old traditional headman residing in the Otambo Yakawali Villigae and his girlfriend have been arrested on charges relating to child abuse after they kept a little girl chained to the side of a house for days on end. According to a report about the flagrant abuse of a minor child provided by Oshikoto Regional Police Commander, Commissioner Teopolina Kalompo-Nashikaku, the nine-year-old victim was rescued by members of the Namibian Police after neighbours saw her walking around cuca shops near her home with heavy steel chains around her waist and legs last Saturday. The report states that the…

27 Apr

Billion-dollar wind plant set for Lüderitz

info_e12wt4csObserver Money

The Joint Venture between China Energy International Group – Riminii Investments (Pty) Ltd, which was later incorporated into CERIM Lüderitz Energy (PTY) LTD emerged as the successful bidder from a bidding process and an extensive evaluation phase with an offered base electricity tariff of N$ 0.8785 per kilowatt-hour and a Fixed Annual Escalation Rate of 0.5%. This then led to NamPower signing a Power Purchase (PPA) and Transmission Connection (TCA) agreements with CERIM Lüderitz Energy (PTY) LTD for the development of the 50MW Lüderitz Wind Power Plant on a Build-Own-Operate Basis, and the associated transmission connection infrastructures required to connect…

27 Apr

Namibia a pioneer in green hydrogen

info_e12wt4csObserver Money

The State of the Nation Address by President Hage Geingob provided an update on the green economy projects in the country. Namibia has pioneered a billion-dollar green hydrogen valley concept in sub-Saharan Africa, attracting in the process, over N$1.5 billion in grant funding.Around 93 Namibians will receive scholarships worth more than N$34 million pursue their Masters and TVET studies in areas related to the Synthetic Fuels industry. The President outlined that of the four pilot projects earmarked to receive more than N$500 million in grant funding to develop their concepts, more than N$120 million has been allocated to the Daures…

27 Apr

Daures Green Hydrogen Village set for operations

info_e12wt4csObserver Money

Daures Green Hydrogen Village in the Erongo Region expects to kick off its operations in October. The project will include the planting of carbon-free tomatoes. Daures expect to produce ammonia and hydrogen during the first quarter of 2024. Funding for the project worth, N$220 million, has come through a grant from the German Federal Ministry of Education and Research (BMBF), for a period of 18 months, through Southern African Science Service Centre for Climate Change and Adaptive Land Management (SASSCAL). In 2023, Daures Green Hydrogen signed its first offtake agreement with Zimbabwean ammonium nitrate fertilizer manufacturer, Sable Chemicals. The non-binding…