Windhoek Observer – Page 21 – Windhoek Observer

18 Dec

OBSERVER COASTAL | Man arrested in Mondesa for false burglary report

National News

Renthia Kaimbi A 23-year-old man is due to appear in the Swakopmund Magistrate’s Court today after his arrest for making a false statement under oath and attempting to defraud an insurance company. Erongo police said the arrest serves as a warning against the deliberate misreporting of crimes. The case dates back to Saturday at about 16h51, when the man reported to the Mondesa Police Station. According to police, he made a sworn statement before a Commissioner of Oaths, alleging unknown suspects had broken into his house. In his statement, he reported the theft of a refrigerator, a four-plate stove, an…

18 Dec

OBSERVER COASTAL | Walvis Bay council checks festive season readiness of safety teams

National News

Renthia Kaimbi Walvis Bay mayor Johannes Shimbilinga last week led a delegation of councillors on a tour of the municipality’s Traffic and Fire Brigade departments. The visit aimed to give councillors a clearer view of the daily work and challenges faced by essential service providers responsible for public safety and emergency response in the town. Councillors received guided tours of both departments and observed operations firsthand. The visits focused on service readiness ahead of the busy festive season. At the traffic department, acting chief traffic officer Clifton Jacobs outlined key operational challenges. These include limited resources and rising service demands. …

18 Dec

OBSERVER COASTAL | Namport wraps up year with stakeholder awards and community outreach

National News

Renthia Kaimbi The Namibian Ports Authority (Namport) closed its operational year with two events over the weekend that reflected its focus on port operations and community support. The activities took place in Lüderitz and Henties Bay. On Friday evening, Namport hosted its annual port users and stakeholders dinner at the port of Lüderitz. Held under the theme “Collaborate to Elevate”, the event recognised the role of clients and service providers in the port’s performance and growth. Senior Namport management and officials attended and engaged with members of the port community. The dinner featured an awards ceremony that recognised clients based…

18 Dec

OBSERVER COASTAL | MTC backs summer festivals with transport and sponsorship

National News

Renthia Kaimbi Mobile Telecommunications Company (MTC) has announced partnerships with two summer events along the coast. The company will serve as the official transport partner for the Savanna Sound of Summer Festival and as a headline sponsor of the Camp Out Dune Fest. MTC’s first partnership marks the 10th anniversary of the Savanna Sound of Summer Festival. Eight MTC-branded buses, each with 65 seats, will run daily between Swakopmund, Walvis Bay and the Long Beach festival grounds. The buses will operate in two shifts, from 10h00 to 16h00 and from 22h00 to 02h00. The shuttle service is expected to transport…

18 Dec

Fishrot fugitive lawyer to testify virtually

Main

Renthia Kaimbi The Supreme Court has authorised fugitive lawyer Marén de Klerk to testify via video link in the National Fishing Corporation of Namibia (Fishcor) and Sea Flower Pelagic matter. This would enable the hearing of his testimony regarding an allegedly corrupt 50 000 metric-tonne fishing quota. The ruling overturns a 2022 High Court decision that refused the request and settles a dispute over the use of courtroom technology. It allows testimony that Fishcor says is critical to its case against Seaflower Pelagic Processing and others. The case centres on a commercial arrangement in which Fishcor, a state-owned enterprise, agreed…

18 Dec

NAMIBIA’S GREEN HYDROGEN DREAM MEETS HARD REALITY

Editorial, Opinions

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) Namibia’s green hydrogen ambitions were once framed as a historic leap: a small Southern African nation powering Europe’s decarbonisation, creating hundreds of thousands of jobs, and positioning itself as a global climate-finance success story. International headlines hailed a “once-in-a-generation opportunity.” Today, the narrative is markedly different. Senior executives have exited the programme. Donor support has thinned. Anchor investors have stepped back. And the export-led hydrogen vision that once sat at the centre of Namibia’s economic and climate strategy is now being quietly recalibrated behind closed doors. This is not a…

18 Dec

Savanna Beef records N$9.7m operating loss

Observer Money

Chamwe Kaira Savanna Beef Processors Limited has reported an operating loss of N$9.75 million for the six months ended 31 August 2025, according to its unaudited interim results released on the Johannesburg Stock Exchange (JSE). The company recorded a loss before taxation of N$13.21 million for the period, compared to a loss of N$7.67 million for the year ended 28 February 2025. No taxation was recognised, resulting in a total, comprehensive loss of N$1.22 million for the interim period. Savanna Beef has over 250 million shares in issue, with a net asset value of 99 cents per share. Basic earnings…

18 Dec

Credit card travel insurance may not fully protect travellers

Observer Money

Chamwe Kaira Most major banks in Namibia include travel insurance when a qualifying credit card is used to buy a return international flight. Industry experts say this cover is often limited and may not fully protect travellers abroad. The chief executive officer of Santam Namibia Limited, Franco Feris, says credit card travel insurance can offer a useful and affordable starting point. He says travellers must understand its limits before leaving the country. Many assume they are fully covered and only discover gaps when they need to claim. He says knowing what is covered and what is not helps avoid unexpected…

18 Dec

Trustco pauses share issuance in Legal Shield transaction

Observer Money

Chamwe Kaira Trustco Group Holdings Limited has suspended further implementation of its Legal Shield Holdings sale and conversion agreement after its board conducted a regulatory alignment review. In a notice to shareholders dated 17 December 2025, the Namibia-incorporated company said the transaction, approved by shareholders on 7 January 2025, was structured on the basis that it would not result in a change of control. The board said it undertook a regulatory alignment assessment to confirm that the transaction’s implementation remains consistent with the no-change-in-control framework approved by the JSE and disclosed to shareholders. Following this review, the board resolved to…

18 Dec

Cash loans industry declines to N$7.8 billion

Observer Money

Chamwe Kaira The microlending industry, largely driven by cash loans, recorded subdued performance in the third quarter of 2025. The total loan book stood at N$7.8 billion, reflecting a marginal quarter-on-quarter decline of 0.1%, despite a year-on-year increase of 7.2%. Term lenders accounted for 92% of the total loan book. The Namibia Financial Institutions Supervisory Authority (Namfisa) released its quarterly statistical bulletin for the third quarter, covering the period from 1 July to 30 September 2025. The report provides an overview of performance, compliance and consumer protection trends across the non-banking financial institutions sector, which includes insurers, medical aid funds,…