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Curro appoints executive for Walvis Bay Gymnasium

Curro appoints executive for Walvis Bay Gymnasium

CHAMWE KAIRA  Curro Holdings, the JSE-listed independent school group, has announced the appointment of Rickert Jacobs as the new executive head of Walvis Bay Gymnasium.  With more than two decades of educational experience, Jacobs previously served as the head of high school at Curro Kathu in South Africa’s Northern Cape province. He says his aim is to ‘influence those in my sphere so that the game changers in our society can multiply’ and that his educational philosophy centres on empowering staff members to do the same.  ‘I’m excited by the new opportunity to grow as a professional and to get…
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Bannerman appoints new executives

Bannerman appoints new executives

CHAMWE KAIRA  Bannerman Energy Ltd has appointed Felicity Gooding as a non-executive director, the company has announced.  The company said Gooding is a proven senior finance executive with over 20 years of experience in senior finance and management roles within multinational and ASX-listed organisations, based in both Australia and internationally.  “Her core areas of expertise include strategic and financial analysis, debt funding, corporate finance, mergers and acquisitions and sustainability reporting. She has deep experience across a range of key industry sectors, notably green energy, mining, infrastructure, consumer goods, agriculture and philanthropy,” the company said.  Commenting on Gooding’s appointment, Bannerman executive…
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Paladin Energy announces stable cash flow

Paladin Energy announces stable cash flow

CHAMWE KAIRA  The external debts on the books of Paladin Energy, which owns the Langer Heinrich, are the secured debt facility entered into with Nedbank CIB and Macquarie Bank Limited.  This was contained in the company’s quarterly cash flow report for the period ending 31 December 2024.  The facilities are a US$100 million amortising term loan (term facility) with a 5-year term and a US$50 million revolving credit facility (revolving facility) with a three-year term (with two options to extend by 12 months). CNNC Overseas Limited (CNOL) acquired their interest in Langer Heinrich Uranium (LHU) in 2014 and were assigned…
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Another cycle begins amid growing divergence

Another cycle begins amid growing divergence

PIERRE-OLIVIER GOURINCHAS We project global growth will remain steady at 3.3% this year and next, broadly aligned with potential growth that has substantially weakened since before the pandemic. Inflation is declining, to 4.2% this year and 3.5% next year, in a return to central bank targets that will allow further normalisation of monetary policy. This will help draw to a close the global disruptions of recent years, including the pandemic and Russia’s invasion of Ukraine, which precipitated the largest inflation surge in four decades. Though the global growth outlook is broadly unchanged from October, divergences across countries are widening. Among…
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A vision of hope and innovation

A vision of hope and innovation

HORST SIMON  Namibia, our country of stark desert sand dunes and a breathtaking coastline where the desert meets the ocean, inhabited by a diverse tapestry of cultures, stands on the verge of a remarkable future if we manage risk and exploit the opportunities we have. Thinking futuristic about the year 2090, our country can emerge not just as a country of hope but as a beacon of achievements, innovation, and success in sustainable growth. The story of our transformation will be one of ambition, unity and an unwavering commitment to progress, success, and sustainability. As a country, we face many…
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Beyond the game with MT – Unleashing the potential of training and development in sports management

Beyond the game with MT – Unleashing the potential of training and development in sports management

Mathew Haikali Am just saying that for far too long, training and development in sports have primarily focused on technical skills—like coaching, refereeing, and enhancing athletic performance. While these areas are undoubtedly important, a major blind spot has been in preparing sports managers and administrators with the necessary tools and knowledge to drive the industry forward.  Am saying this lack of attention to sports management training and development has left the sector struggling on its own, undermining a field teeming with potential for job creation, economic growth, and fostering national pride. Am just saying, where youth unemployment rates have soared…
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Poor performance of local contractors forces NamWater to seek alternatives

Poor performance of local contractors forces NamWater to seek alternatives

Martin Endjala Namwater has identified poor performance by some local contractors as a key challenge in awarding capital projects, forcing the national water utility to consider alternatives. The head of corporate communications, Lot Ndamanomhata in a statement on Wednesday said NamWater awarded numerous projects to Namibian companies in line with its mandate to promote local participation and development. “Local contractors are given preference wherever they meet the required technical and financial criteria for project execution,” he said. Ndamanomhata was responding to claims by the Namibia Local Business Association (NALOBA) that local companies are being sidelined in tenders by Namwater. NALOBA…
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NTB denies Ghana fraud claims

NTB denies Ghana fraud claims

Ester Mbathera  The Namibia Tourism Board (NTB) has dismissed fraud claims and allegations of unpaid contracts made by Hype.UP Limited, a Ghanaian tourism service provider company, labelling them as baseless.  The NTB is facing allegations of fraud of over US$51 123.92 (N$957 909.91) in unpaid contracts with a Ghanaian firm. Hype.UP in December filed a criminal charge with the Ghana Police Service, alleging fraudulent breach of trust by current and former NTB officials, including the current acting chief executive officer, Charmaine Mattheus, former acting chief executive officer Bornventure Mbidzo, another former chief executive officer, Digu //Naobeb, board secretary Amanda Bruyns,…
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Danger lurks for guards protecting CoW land

Danger lurks for guards protecting CoW land

Stefanus Nashama Security guards deployed to protect municipal land from being illegally occupied in Windhoek’s informal settlement areas have put their safety at risk.  These officers are tasked with preventing illegal land grabs and ensuring lawful land use.  They often face risks because many of them live within the same communities they are employed to oversee.  Last October, security officer Natangwe Abed was attacked while trying to stop a man from illegally extending his shack without municipal approval. “I was on duty when I heard the sounds of zinc and hummers. I went to the place and peacefully asked if…
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Divundu residents alarmed over dangling power lines

Divundu residents alarmed over dangling power lines

Martin Endjala Residents of Divundu town in the Mukwe Constituency have raised concerns over precariously low-hanging power lines across Kasoma Street in the Divundu proper area. A resident recently took to social media, urging the Divundu Village Council to address the situation, which poses a significant danger to the community. The power lines have also been erected alarmingly close to houses, raising further concerns, as regulations discourage the installation of power lines near residential properties. Attempts to reach the Divundu Village Council chief executive officer, Ndjamba Maghumbo for comment were unsuccessful. Martin Maghano, a resident of the Ndongo area in…
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