Observer

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Rundu Rural constituency councillor questions accuracy of VaMbunza population data

Rundu Rural constituency councillor questions accuracy of VaMbunza population data

Allexer Namundjembo Rundu Rural Councillor and National Council member, Paulus Mbangu has raised concerns over the accuracy of the Namibia Statistics Agency (NSA)'s recent census report, which estimates the VaMbunza population at only 5 000. Mbangu described the figure as “highly questionable,” arguing that it does not reflect historical and demographic realities. “In Kavango East and West, the "VaKavango NEC" grouping stands out as another example of such problematic classifications. With over 81 000 people who reportedly ‘did not disclose their dialect,’ this category ends up larger than established communities like the VaMbunza, VaGciriku, HaMbukushu, VaSambyu and Nyembas,” he said.…
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CoW tackles street vending regulations

CoW tackles street vending regulations

Hertta-Maria Amutenja The City of Windhoek has reiterated its commitment to enforcing municipal by-laws that regulate street vending, following a recent incident involving law enforcement’s intervention in Katutura. The city insists that its actions aim to balance public order, safety, and the needs of vendors. The CoW’s spokesperson, Harold Akwenye, explained that the city operates under specific by-laws to govern street vending. “The city is responsible for ensuring compliance with these regulations, which are in place to maintain public health and safety, as well as urban aesthetics. Areas around shopping centres like Balck Chain in Katutura are subject to these…
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Vehicle accessory theft surges in Omaheke Region

Vehicle accessory theft surges in Omaheke Region

Mallex Shipanga The Omaheke Region is experiencing a surge in vehicle accessory theft, with ten cases reported between September and November, according to the Namibian Police’s regional head of community policing, Chief Inspector Fina Sakajengenga. Two suspects have been arrested in connection with these crimes. “Criminals are stealing wheels and other accessories from vehicles by using special tools to unlock universal lock nuts on wheels. They target vehicles where the house fence or boundary wall is low as well as houses without garages and dogs. Vehicles owned by females and motor mechanic garages without security guards and CCTV cameras are…
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Sam Nujoma Foundation condemns fake news on social media

Sam Nujoma Foundation condemns fake news on social media

Hertta-Maria Amutenja The Sam Nujoma Foundation has condemned the circulation of fake news on social media that abuses the image of Namibia’s founding president for political propaganda and electioneering purposes. In a statement issued on 21 November, the Foundation called on the public to remain vigilant and avoid falling for deceptive tactics aimed at spreading misinformation. The Foundation clarified that these actions seek to damage the reputation of Sam Nujoma, whose contributions to the nation are widely recognised. "The Sam Nujoma Foundation distances itself and the Founding President from any partisan agenda or misuse of his image," the Foundation stated.…
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HyIron Oshivela project injects over N$90 million into local economy

HyIron Oshivela project injects over N$90 million into local economy

Erasmus Shalihaaxwe The HyIron Oshivela project has contributed over N$90 million to Namibia’s economy in just one year, according to the minister in the presidency, Christine //Hoebes. Speaking at the project’s reveal event this week, the minister highlighted how the project is benefiting local communities, with more than 17% of its value staying within Namibia. Located 100 kilometres east of Swakopmund, the HyIron Oshivela project is set to be the first industrial production of iron with net-zero emissions, using advanced HyIron technology. ‘’Today marks a pivotal moment as HyIron reveals and sets in place a 12MW electrolyzer—potentially the largest modern…
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Talking Sport with Dimitri Bittler

Talking Sport with Dimitri Bittler

The Profound Impact of a Professional Sports League on Our Community As discussions about establishing a professional sports league in our country gain momentum, it’s essential to highlight the numerous benefits such an initiative can bring. A professional league is more than just a platform for competition; it serves as a catalyst for economic growth, community engagement, and cultural enrichment. One of the most immediate advantages of a professional league is the potential for economic growth. The establishment of a league creates jobs across various sectors, from administrative roles to coaching, marketing, and facility management. Local businesses also stand to…
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Andrada spent N$481m on suppliers

Andrada spent N$481m on suppliers

CHAMWE KAIRA Andrada Mining Limited spent N$481 million on Namibian suppliers, representing 95% of total procurement expenditure, the company said in its sustainability report for the financial year ended 29 February. Andrada is listed on the London Stock Exchange (AIM) and has mining assets in Namibia. Andrada strives to produce critical raw materials from a large resource portfolio of critical metals, including lithium, tin, tungsten, copper and tantalum. These metals are important enablers of the green energy transition and essential for components of electric vehicles, solar panels and wind turbines. The report said during the financial year, it produced 910…
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Momentum earn good returns in Namibia

Momentum earn good returns in Namibia

CHAMWE KAIRA The Momentum Group’s Africa’s earnings largely benefited from a lower claims ratio and favourable investment income on the back of good returns on shareholder assets, predominantly in Namibia, the group said in an operating update for the three months ended 30 September. The group claimed that rising costs partially offset this result. Africa’s mortality experience remained in line with expectations for most countries, the group said. The present value of new business premiums (PVNBP) improved by 25% to N$870 million, largely following higher retail sales in Namibia and Botswana and higher corporate sales in Lesotho, the operating update…
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NAM assets increase to N$20 billion

NAM assets increase to N$20 billion

CHAMWE KAIRA Namibia Asset Management (NAM) has announced that assets under management (AuM) increased by 19.5% to N$20.2 billion (September 2023: N$16.9 billion) for the year ending 30 September 2024. “The operating environment has been volatile and challenging for several years. During this time, NAM’s long-term investment approach and track record, together with prudent expense management, have delivered value to clients and shareholders. We remain excited by the return prospects available to active managers,” the company said. Looking ahead, NAM said it remains confident and has positioned the company for continued success in a demanding landscape. “We believe that investors…
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Uranium demand to increase

Uranium demand to increase

CHAMWE KAIRA Australia-based uranium production company Deep Yellow, which has forecast that the world’s uranium requirements in the late 2030s and early 2040s will reach between 250 million pounds of uranium oxide and 300 million pounds. In 2023, global production was 150 million pounds. Deep Yellow is developing the Tumas project in the Erongo Region. Managing director John Borshoff noted that there have been no new production mines around the world, despite the spot price ranging from $78 to $106 per pound. He further pointed out that the political situation in Russia, Niger and Kazakhstan presents supply growth uncertainty. In…
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