Page 998 – News Stand

16 May

The meal has been eaten; the bill must be paid

info_e12wt4csNational News

The real challenge the president faces is not cancelling car purchases or termination of special advisors to regional governors, but how the Eurobonds taken in US dollar currency will be re-paid on time. The US$500 million bond taken out in 2011 is due in October 2021. That means nearly N$9.3 billion will be payable to those holding the bonds in about 17 months. These monies borrowed during the presidency of Hifikepunye Pohamba have long since been spent. The meal has been eaten, now the waiter is hovering near the Namibian table with the portable swipe machine ready, watching us. The…

15 May

Manganese boosts TransNamib’s volumes

info_e12wt4csUncategorisedChina, Manganese, TransNamib

Staff Writer The transportation of manganese has provided a boost for TransNamib, with the company now transporting 15,000 tons per month. Manganese is mainly used in the steel industry as an alloy, playing a significant role in making steel from iron, also used in dry cell batteries and as a black-brown pigment in paint, with its main export market being China. "The route travelled has become a major revenue source for TransNamib in terms of moving manganese for our customers and the executives needed to see first-hand the operations and challenges on the route," TransNamib Chief Executive Officer (CEO) Johny…

15 May

Cabinet conflict of interest under review

info_e12wt4csNational News

We are encouraged to read that cabinet members with conflicts of interest regarding the fisheries issue on the agenda had to step out. What concerns us is that such an action is considered new. This should have been the case from the start. A conflict of interest is “a situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity and where your separate duties to act in the best interests of two or more clients in the same or a related matter conflict.” Cabinet must always act ethically…

15 May

Commemorative banknote to start circulating

info_e12wt4csUncategorisedBank of Namibia, Independence Day, Kazembire Zemburuka

Staff Writer The N$30 commemorative banknote launched on Independence Day by the Bank of Namibia shall be available to the public as from Friday, 15 May 2020, the apex bank has announced. “ The public is also hereby informed that the N$30 commemorative banknote will only be issued at the tills, inside all commercial bank’s branches and not at the Automatic Teller Machines (ATMs),” BoN Deputy Director: Corporate Communications, Kazembire Zemburuka said. “To obtain the N$30 commemorative banknote from commercial banks, one will have to exchange an equivalent amount of the current family of banknotes or coins, for the banknote.”…

14 May

The selfish rich and middle classes

info_e12wt4csNational Newsmiddle classes, rich

Those who eat regularly, have some income, and a safe, warm place to sleep need to stop shouting so loud. Your noise is drowning out the screams from those who have nothing. These are challenging times and all of us must come down a notch or two. The selfish rich and middle classes, need a wake-up call. Someone who never has bread does not worry about not having bread. But, the person used to eating bread everyday feels bereft they miss bread for only one day out of seven. We must be careful about shifting limited resources to appease the…

14 May

PDM members back down from Parly challenge

info_e12wt4csObserver MoneyPopular Democratic Movement (PDM)

….as two continue with court case Staff Writer It has emerged that the Popular Democratic Movement (PDM) has smoked the peace pipe with two of its disgruntled members who had contested the party’s decision to exclude them from its National Assembly list. Information gathered by the Windhoek Observer has revealed that Yvette Araes and Maximilliant Katjimune resolved to tow the party line with regards to its decision which saw 16 other members making it to parliament after a good performance by the opposition party in last year’s elections. The two are reported to have met the party leadership over their…

14 May

High Court postpones Namandje’s case

info_e12wt4csObserver MoneySisa Namandje

Andrew Kathindi Judge Herman Oosthuizen on Wednesday postponed the case brought by the Law Society of Namibia (LSN) where it wants access to Sisa Namandje’s firm’s books to Thursday. Namandje was represented by Advocate Raymond Heathcote while Uno Katjipuka-Sibolile represented the Law Society of Namibia. “I will definitely not give a ruling tomorrow. The legality of the issue will take time,” said Judge Oosthuizen. Uno Katjipuka-Sibolile argued that the Law Society must regulate lawyers in the public’s interest and that the only way that the Law Society could determine if Namandje's trust account could have been used to launder money…

14 May

Only 800 qualify for quotas

info_e12wt4csObserver MoneyMinistry of Fisheries, quotas

Staff Writer Only 800 out of more than 5,000 applications received by the Ministry of Fisheries meet the set requirements to be considered for allocation of fishing quotas, the Windhoek Observer can reveal. As part of their application, applicants were to be judged on a scorecard system to determine their contribution to the socio-economic development of Namibia and its people, including a broad participation at shareholder level to include youth, women, people with disabilities, and persons from economically disadvantaged regions, liberation war veterans and worker trusts, among other requirements. The revelations come as the University of Namibia which had been…

13 May

CRAN licensing brews a storm

info_e12wt4csObserver MoneyCity of Windhoek, CRAN, MTC, Paratus, Paratus Telecommunications, Tim Ekandjo

. . . as telcos object to CoW licence Staff Writer The awarding of telecoms licence to the City of Windhoek (CoW) by the Communications Regulatory Authority of Namibia (CRAN) is brewing up a storm in the telecoms sector, with players accusing the regulator of violating its own rules in the awarding process. This comes as the CoW licence was upgraded by CRAN from the initial application of a Network Facilities Service License, allowing it to lease its fiber optics to other licensed operators to a Class Comprehensive Telecommunications Service License, allowing the municipality to offer integrated telecommunications services, directly…

13 May

Haufiku in appointment limbo

info_e12wt4csObserver MoneyBernard Haufiku, Covid-19, Ministry of Health and Social Services

Andrew Kathindi The National Coordinator for the response to COVID-19, Dr Bernard Haufiku, has still not received his appointment letter, nearly two months after his assignment to the position. Haufiku, who is the former Minister of Health, was appointed prior to Stage 1 of the national lockdown as the National Coordinator for the Covid-19 task force and emerged as the face of the response team, giving frequent updates on national statistics with regard to COVID-19. However, it is believed that Haufiku’s candid approach to how government handles the response including admitting the slow testing pace, has increased his credibility among…