Page 744 – News Stand

15 Dec

Youth finally get their wish-Iipinge

info_e12wt4csNational NewsIipinge, Swapo Party Youth League (SPYL) Secretary for Education, Youth finally get their wish-Iipinge

Martin Endjala The just ended 7th Swapo congress three weeks ago, has seen a good number of young cadres being elected to the Central Committee (CC). Hofni Iipinge comments that the wish of youth representation in top decision-making bodies in the party has been finally answered. The Swapo Party Youth League (SPYL) Secretary for Education says the call for 60 per cent of youth representation on the CC and Parliament, is finally materialising as for the first time the youth is being represented on the CC, with six SPYL cadres so far and one on the Politburo (on which Iipinge…

14 Dec

N$2 billion funding for road, water infrastructure

info_e12wt4csNational NewsKFW Development Bank, N$2 billion funding for road, water infrastructure

Obrein Simasiku A combined funding of N$2 billion, will be geared towards the upgrading of the 33km stretch between Usakos-Karibib, as well as the construction of a direct portable reclamation plant in the central area, including the Namibian Water Sector Support Program (WSSP) for the northern parts. The German government in collaboration with the KFW Development Bank, will bankroll the construction and rehabilitation of road networks and water infrastructure in Namibia, through a concessional loan signed today. About 40 million Euros (N$746 million) is for road construction, while 50 million Euros (N$932 million) is for water infrastructure. A further loan…

14 Dec

More fraudulent activities prevalent during holiday shopping

info_e12wt4csNational NewsDigital Holiday Shopping Fraud in Namibia, More fraudulent activities prevalent during holiday shopping, Shai Cohen

Martin Endjala Fifteen percent of all global e-commerce transactions reviewed between November 24-28 are said potentially fraudulent. The latest findings released on 12 December 2022 by TransUnion Africa around global e-commerce fraud occurring during the start of the 2022 holiday shopping season reveal. In Namibia, 6% of e-commerce transactions during that period were suspected to be fraudulent. These findings are based on intelligence from billions of transactions contained in TransUnion’s fraud analytics solution suite. The analysis also determines that the average number of suspected digital fraud attempts on any given day during that holiday period globally was 82% higher than…

31 Oct

Geingob charged with Africa’s peace

info_e12wt4csNational NewsAfrican Union Peace and Security Council (PSC)

Staff Writer Namibia will chair the African Union Peace and Security Council (PSC) for November 2022, the Ministry of International Relations and Cooperation has announced in a media release. This comes as President Hage Geingob already chairs the SADC Troika. Namibia became the member of the AU Peace and Security Council on 1 April 2022 for a period of three years ending at the end of March 2025. The council is the continent’s premier peace and security body and is a ‘’standing decision-making Organ of the AU for the Prevention, Management and Resolution of Conflicts on the Continent. The 2002…

31 Oct

Global diesel shortage puts pressure on price

info_e12wt4csNational NewsGlobal diesel shortage puts pressure on price, Walvis Bay

Tujoromajo Kasuto With oil prices expected to rise in the coming months following the continued ban on Russian crude oil by the European Union, with additional sanctions taking effect on the 5th of December 2022, economists predict that diesel prices are still likely to increase given global shortages. This comes as the Ministry of Mines and Energy today announced that that diesel prices will increase by N$1.98 cents per litre with petrol prices remaining unchanged. The new fuel prices in Walvis Bay will thus become N$ 24.10 per litre for diesel, while petrol remains N$20.08 per litre for petrol. The…

Shifeta underscores importance<br>of adapting to climate change

31 Oct

Shifeta underscores importance
of adapting to climate change

info_e12wt4csNational NewsEnvironmental Investment Fund (EIF), Sheya Shuushona Conservancy, Shifeta underscores importance of adapting to climate change

Martin Endjala The Minister of Environment, Forestry and Tourism Pohamba Shifeta highlighted that adopting to climate change is the only way to preserve the livelihoods of the people and curbing carbon emissions. He was speaking during the handover ceremony of a solar plant at Sheya Shuushona Conservancy, at the Sheya Shuushona lodge in the Otamazi constituency of the Omusati region, during his visit to the region last week. The project is funded by the Environmental Investment Fund (EIF) to the tune of N$5,191,468.13 under the Ecosystem Based Adaptation investment window under the theme, ‘Empower, Adapt, Creating Climate Change Resilient Livelihoods’…

31 Oct

Reviving the Elizabeth Bay Mine

info_e12wt4csObserver MoneyPaul Lombard, Reviving the Elizabeth Bay Mine, Sperrgebiet Diamond Mining (Pty) Ltd

CHAMWE KAIRA Sperrgebiet Diamond Mining (Pty) Ltd, which plans to start mining at the Elizabeth Mine near Luderitz in this fourth quarter, plans an initial production of 240 000 carats per annum before reaching about 360 000 carats, General Manager Paul Lombard said in an interview. The Elizabeth Bay Mine was formerly owned by Namdeb Holdings. “We’ll be constructing an Infield Pre-Treatment Facility by mid-next year which will aim at removing the majority of fine non-diamond bearing material and clay from the ore to be presented to the Main Treatment Plant, this will not only improve the throughput and concentration…

30 Oct

Development Bank to resume Good Business Awards

info_e12wt4csObserver MoneyDevelopment Bank of Namibia (DBN), Development Bank to resume Good Business Awards, Dr. Nangolo Mbumba, Large Enterprise and SME

Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, Jerome Mutumba, has announced the resumption of the Good Business Awards on 3 November 2022, with finalists and winners to be announced on the Bank’s Facebook and LinkedIn pages as well as on its website during the afternoon of 4 November. Results will also be made available to the press. The Awards, last held in 2019, were suspended for two years due to Covid-19. Mutumba said this year’s winners will come from the tourism and hospitality sector, private education, land servicing, manufacturing and the transport and logistics sector. Talking…

30 Oct

Telecom Namibia to invest N$2.3 billion in modernising network

info_e12wt4csNational News, Observer MoneyEquiano cable, Telecom Namibia to invest N$2.3 billion in modernising network

CHAMWE KAIRA Telecom Namibia which is marking 30 years in business this year plans to invest over N$2.3 billion in the next five plus years to modernize its national network both fixed and mobile, starting from its national backbone to the core network and the access technologies, chief executive officer, Stanley Shanapinda revealed in an interview. Shanapinda said the first investment of about US$5 million has been invested in the co-landing of the Google Equiano submarine cable, in partnership with the private company Paratus, also allowing for the sharing of infrastructure as envisaged under HPPII. The Equiano cable landed in…

28 Oct

Alweendo axes mining commissioner

info_e12wt4csNational NewsAlweendo axes mining commissioner, Erasmus Shivolo, Isabella Chirchir

Staff Writer The Minister of Mines and Energy, Tom Alweendo in a terse media release announced the immediate replacement of Mining Commissioner of 15 years, Erasmus Shivolo, without providing any reason. Shivolo is replaced by Isabella Chirchir, which the minister says ‘’will execute her new duties with integrity, commitment and professionalism’’. The axing of Shivolo comes hot on the heels of widespread allegations of corruption in the Ministry of Mines and Energy relating to the issuance of mining licence and a bribe of N$50 million. The ministry has been rocked by allegations of a mining licence that had been sold…