Page 707 – Windhoek Observer

27 Oct

Namdeb spent N$8.6m on E-bus project

Observer Money

Chamwe Kaira Diamond producer, Namdeb has invested approximately N$8.6 million on Namibia’s first ever battery-electric bus (E-bus) project that recently arrived in Namibia. “Namdeb invested approximately N$8.6 million on this project. This amount includes supporting infrastructure such as the charging stations, training and spares. The cost of a bus is roughly N$3.7 million which is 42% of the total project cost,” said corporate affairs manager, Shangelao Ndadi in response to a query by Observer Money. The company has said the arrival of the bus in Oranjemund aligns to Namdeb’s value of sustainability and the Company’s goal of becoming carbon neutral…

27 Oct

Northern regions have 400 000 cattle

Observer MoneyNorthern regions have 400 000 cattle

Chamwe Kaira The northern regions of the country have an estimated cattle population of 400 000 cattle; Meat Corporation of Namibia statistics in the 2022/2023 annual report have shown. The statistics further showed that areas south of the Veterinary Cordon Fence have a cattle population of 800 000, giving the country an estimated cattle population of 1.2 million cattle. Meatco states that cattle produced within the southern regions can be exported to international markets, supporting the Namibian Government’s development aims and policies, while maximising returns to the producers, all while building and maintaining credible premium brand status for Namibian beef.…

27 Oct

Exclusive Interview with Turky Tiisa Ndashiiva:Vice Chairperson of Namibia Sports Commission Former chairperson of Tigers Sport Club

SportsExclusive Interview with Turky Tiisa Ndashiiva:Vice Chairperson of Namibia Sports Commission Former chairperson of Tigers Sport Club

Name : Turky Tiisa NdashiivaDate of Birth : 9 OctoberPlace of Birth : WindhoekCurrent Position: Vice ChairpersonOrganization : Namibia Sports CommissionPosition : Former ChairpersonClub : Tigers Sport Club You currently sit on the Namibia Sports Commission as a Vice Chairperson, which means you have been involved in sports to get there. How did it all start?Well, I started my sport career at primary school. I went to Namutoni Primary school and started there as a netball player. I then went on to Shifidi Secondary School and AME Private School, where I continued to play. In 1994, I joined African Blizzards…

27 Oct

Katutura residents considering legal action against CoW over debt collection

National News

Hertta-Maria Amutenja In an escalating standoff between Katutura residents and the City of Windhoek (CoW), residents are contemplating taking legal action as they demand immediate resolution to their grievances concerning the city’s engagement with Redforce Debt Management for debt collection.The Katutura Residents Committee, representing the disgruntled residents, which comprises mostly elderly people, has expressed their dissatisfaction with the city’s debt collection approach, which involves contracting a third party to collect debts on behalf of the city.“We are also exploring legal action and have already sought legal advice from senior counsel regarding various legal aspects we can explore,” said Shaun Gariseb,…

27 Oct

Economic growth requires a robust financial system, says Prime Minister

National NewsEconomic growth requires a robust financial system, says Prime Minister

Prime Minister Saara Kuugongelwa-Amadhila highlighted the importance of a robust financial system to support and drive Namibia’s economic growth effectively. She made these remarks during her address at the Namibia Women in Finance and Insurance Summit, held in the capital city this week. Kuugongelwa-Amadhila stressed that the financial sector plays a critical role in facilitating the transformation of the country’s economy. It not only provides financial services to individuals and businesses but also creates employment opportunities. “With a well-positioned financial system, employment opportunities are generated by various financial institutions, including banks, insurance companies, investment houses, and other financial service providers,”…

27 Oct

Convicted prophet Babi returns to court for unpaid rent

National NewsConvicted prophet Babi returns to court for unpaid rent

Hertta-Maria Amutenja Self-proclaimed prophet and founder of House of Joy Ministries, Jackson Babi, who made headlines last year after being sentenced to ten years imprisonment for his involvement in rhino poaching, has once again found himself entangled in a legal battle. This time, it’s not wildlife crimes that have brought him to court but rather a landlord-tenant dispute over unpaid rent. Babi and his wife, Maria Babi, are currently facing legal action for allegedly failing to pay their rent, as revealed in particulars of a claim filed at the Windhoek High Court earlier this year. They are accused of failing…

27 Oct

Erongo Business and Tourism Expo energizes economic prospects

National News

Niël Terblanché The 15th edition of the Erongo Business and Tourism Expo, hosted by the Walvis Bay municipal council, is in full swing, promising to invigorate the local and national economies. Neville Andre, the Governor of the Erongo Region, during his opening address stressed the event’s significance in bringing together Small and Medium Enterprises (SMEs) to showcase their offerings, thereby reinforcing socio-economic development and creating employment opportunities. Positioned as one of Namibia’s economic epicentres, Walvis Bay recognizes the evolving landscape of business and the need for transformative changes in both the tourism and business sectors. This annual event also fosters…

27 Oct

The working space is becoming too small for new graduates: Iipumbu

National News

Martin Endjala The Minister of Industrialisation and Trade, Lucia Iipumbu, has expressed concern that the job market is becoming increasingly saturated for new graduates. She pointed to the need for graduates to shift away from traditional employment aspirations and consider entrepreneurship as a viable alternative. Iipumbu made these remarks during the launch of Harambean Entrepreneurship, a collaborative initiative with FirstRand Namibia and First National Bank, aimed at promoting entrepreneurship. Highlighting the high rate of unemployment in the country, Iipumbu encouraged young people to explore entrepreneurship and foster partnerships as a means to improve their lives and contribute to the economy.…

27 Oct

TAC gathers input for the preservation of retirement savings regulations

National NewsTAC gathers input for the preservation of retirement savings regulations

Niël Terblanché In a significant move towards promoting transparency, accountability, and inclusivity, the Ministry of Finance and Public Enterprises has initiated a series of public consultations on proposed standards and regulations, including Regulation RF.R.5.10, known as the “Preservation of Retirement Savings Regulation.”According to Dr Manfred Zamuee, the Chairperson of the Technical Advisory Committee (TAC), these regulations are intended to be issued under Chapter 5 of the Financial Institutions and Markets Act, Act No. 2 of 2021. The first round of public consultations is slated to commence on November 13, 2023, and will kick off in the Kunene and Hardap Regions.…

27 Oct

Govt questioned over Cabinet decision to spend N$25m on new vehicles

MainGovt questioned over Cabinet decision to spend N$25m on new vehicles

Stefanus Nashama Lawmakers from various opposition parties in Parliament have raised concerns about the Cabinet’s decision to authorize the Ministry of Works and Transport to purchase 32 government vehicles at a cost of N$25 million for the 2023/24 financial year. This decision contradicts a moratorium put in place by the Head of State, President Hage Geingob, in 2020 to reduce unnecessary spending on government vehicles. Namibia Economic Freedom Fighters Leader Epafras Mukwiilongo submitted a notice of questions to the Speaker of the National Assembly, Peter Katjavivi, this week, indicating his intention to question the Minister of Finance and Public Enterprises,…