Windhoek Observer – Page 421 – Windhoek Observer

14 Nov

New volunteers ready to assist with economic empowerment and health issues

National News

Niël Terblanché In a ceremony at the Peace Corps Training Center in Okahandja, 30 Peace Corps Trainees were officially sworn in to commence their two-year service as Economic Empowerment and Community Health HIV/AIDS Volunteers across Namibia. The event held on Thursday was attended by the Deputy Minister of Health and Social Services, Dr Esther Utjiua Muinjangue, the United States Ambassador to Namibia, Randy Berry, and Peace Corps Country Director, Dr Elizabeth Anderson. Ambassador Berry reiterated the enduring partnership between the U.S. and Namibia. "The U.S.-Namibia partnership is built upon a foundation of meaningful people-to-people relationships and forged in shared values…

14 Nov

Ipangelwa’s Journey to 25 Under 40 Energy Women Rising Stars

Opinions

Jona Musheko The Africa Energy Chamber announced Munolwisho Elizabeth Ipangelwa, Green Hydrogen Advisor at GIZ as one of this year’s 25 Under 40 Energy Women Rising Stars. This accolade celebrates her commitment to advancing gender inclusivity in Namibia’s oil, gas, and green hydrogen sectors, making her an anchor of hope for women and young professionals in the energy industry. Ipangelwa joins a distinguished list of accomplished African women in the oil, gas, and green hydrogen sectors. Her fellow achievers include Amena Bakr, Senior Research Analyst, Energy Intelligence, UAE; Amoetsoe Mkwena, Senior Associate, Watson Farley & Williams, Middle East; Janice Faria,…

14 Nov

Trump’s triumph to benefit US economy first, then World Economy

Opinions

Josef Kefas Sheehama It is crucial to remember that whether a Democrat or a Republican holds the White House tends to have little impact on American policy. Remember that President Trump will prioritize strengthening the U.S. economy during the first two years of his administration. To accomplish this, President Trump will assess the country's financial situation and closely monitor the successful reduction of $35.95 trillion in gross national debt. According to Jodey Arrington, chair of the House Budget Committee, that amounts to $107,345 per individual, $273,533 per household, and $497,080 per child. We must realize that Trump is a businessman…

14 Nov

Regime change agenda to dislodge former liberation movements from power

Opinions

Paul T. Shipale Peter Fabricius, a consultant at the Institute for Security Studies (ISS), wrote in the Daily Maverick an opinion piece that appeared in the local Newspapers on 12 November 2024, titled; “SWAPO could be the next former liberation movement to lose its grip on power.” Fabricius quoted Henning Melber, Professor Department of Political Sciences, University of Pretoria, who also doubles and calls himself “A member of SWAPO since 1974”. Melber said “SWAPO might face defeat for the first time since independence in 1990.” He said the above in an opinion piece titled; “Namibia’s game-changing 2024 elections,” published on…

14 Nov

“Make America big again” but at what expense other than South Africa and Namibia?

Featured, Opinions

Kae Matundu-Tjiparuro Many people around the world harbor a deep-seated hatred towards the newly elected President of the United States. Because of the many derogatory diatribes against especially people of the South, not excepting Africans and/or Namibia for that matter, Namibia may be under the false illusion that she may be in a league of her own in this regard. Ironically, he has directed his racist rhetoric, bordering on fascism at times, against those who have just returned him to power. But such to them has not been less inconsequent than his trademark electioneering resolve during the recently ended presidential…

14 Nov

Langer Heinrich revises production estimates

Observer Money

CHAMWE KAIRA Paladin Energy has revised its 2025 production guidance at Langer Heinrich Mine to 3 to 3.6 million pounds (previously 4 to 4.5 million pounds). The company said the revision was as a result of the lower-than-expected production results for October and ongoing challenges and operational variability experienced to date in ramping up production at the Langer Heinrich Mine. Paladin noted that the increased range of potential production outcomes will have a material impact on the company’s unit operating costs and the realised price for uranium sales and forecast capital expenditure will be reassessed given the LHM operational performance…

14 Nov

Lower petrol prices to stabilise inflation

Observer Money

CHAMWE KAIRA Namibia’s inflation rate is expected to remain relatively stable, bolstered by the Ministry of Mines and Energy’s recent decision to maintain fuel prices through November, Simonis Storm has observed. Petrol will remain at N$20.25 per litre, while diesel 50ppm and 10ppm are set at N$19.72 and N$19.82 per litre, respectively. “By holding fuel prices steady, the ministry aims to curb inflationary pressures, particularly within the transport sector—a significant inflation driver earlier in the year. This stabilisation of fuel costs contributes to a more predictable inflationary environment, yet several underlying risks persist,” Simonis said. Despite the positive impact of…

14 Nov

Otjikoto glittering than expected

Observer Money

CHAMWE KAIRA B2Gold has said the Otjikoto Mine, in which the company holds a 90% interest, has continued to outperform during the third quarter of this year, producing 52 131 ounces of gold. The production was above expectations and this was as a result of higher than anticipated mill feed grade and higher than expected mill throughput. For the third quarter, mill feed grade was 1.88 grams per tonne, mill throughput was 0.87 million per tonne, and gold recovery averaged 98.8%. Ore production from the Wolfshag underground mine for the third quarter of 2024 averaged over 1 800 tonnes per…

14 Nov

ANIREP to appoint new directors

Observer Money

CHAMWE KAIRA Alpha Namibia Industries Renewable Power Limited (ANIREP) is expected to approve new board members during the Annual General Meeting (AGM) of its shareholders that will be held on 29 November. The meeting is also expected to resolve that no dividend is declared for the year ended 29 February, according to a notice on the Namibian Stock Exchange. The meeting is expected to accept the retirements of Sphiwe Mayinga, non-executive director, James Nyandoro as executive director and Denis Maxiwell as a member of the investment committee. The meeting is also expected to re-appoint Dr. Mac Hengari and Ambassador Philemon…

14 Nov

Debt issuance total N$2.2 billion

Observer Money

In October, Namibia experienced its highest issuance of government debt securities for any month of the 2024/25 financial year thus far, totalling N$2.2 billion, according to the Bank of Namibia’s updated borrowing plan. However, despite this significant issuance, the country’s total government debt saw a net increase of only N$956 million, largely due to the redemption of the GC24 bond. The month-on month growth in government debt was 0.8% This was lower than the 1.73% increase recorded in September, despite the conduct of three bond auctions and five treasury bill auctions, which is more than typical for a month. By…