Observer – Page 423 – Windhoek Observer

04 Aug

Youth unemployment merits urgent attention: Irimari

ObserverNational NewsOshana and Omusati regions, Youth unemployment merits urgent attention: Irimari

Hertta-Maria Amutenja With youth unemployment issues aggravated by reasons such as a lack of rainfall, weak economic growth, and slow industrialisation, among others, the situation in Oshana and Omusati regions need immediate attention and new solutions. The governors of the two regions told Windhoek Observer yesterday that they had done everything they could to combat youth unemployment in their regions. The severity of the region’s youth unemployment, according to Elia Irimari, Oshana regional governor, has a negative impact on unemployed young people, causing some of them to engage in unproductive activities that may also affect their prospects. He called attention…

04 Aug

Wanted murder suspect implicated in farm attack

ObserverNational NewsMaureen Mbeha, Wanted murder suspect implicated in farm attack

Niël Terblanché One of the five suspects being sought after by Namibian Police in the Otjozondjupa region in connection with the attack on Udo Gartner, 70, on his farm near Grootfontein on Sunday night has been apprehended. According to Inspector Maureen Mbeha, the suspect was apprehended at a roadblock near Otjiwarongo in connection with a murder investigation in Tsumeb. He was arrested for murder and then named as a suspect in the farm attack case. “Police officers discovered a firearm in his possession that had been stolen from the farm on Sunday evening. The pistol in question was a Vzor70.…

04 Aug

Empowering the Future…Old Mutual Namibia offers 17 graduates job opportunities

ObserverNational Newsand Sustainability Executive, Empowering the Future…Old Mutual Namibia offers 17 graduates job opportunities, Mignon du Preez, Old Mutual Namibia, Public Affairs

Staff Writer In response to the pressing unemployment challenges that fresh graduates in Namibia confront, Old Mutual Namibia is taking proactive steps to alleviate this load and have a significant influence on the nation’s workforce. Recognising the need to assist young talent, Old Mutual Namibia has resumed their exciting program, which welcomes recent graduates to apply for a one-of-a-kind opportunity to obtain market-relevant skills, thereby setting them for success in the job market. Old Mutual Namibia Group Marketing, Public Affairs, and Sustainability Executive, Mignon du Preez highlighted the company’s commitment to developing indigenous talent. She said, “At Old Mutual Namibia,…

04 Aug

Mulunga can’t return to work without Namcor clearance: Coelho…Acting MD to continue

ObserverMainAnti-Corruption Commission (ACC), Mulunga can’t return to workwithout Namcor clearance: Coelho…Acting MD to continue

Martin Endjala Despite being exonerated of any criminal intent by the Anti-Corruption Commission (ACC), suspended Namcor Managing Director, Immanuel Mulunga is unable to return to work since the board has not cleared him yet, says Namcor spokesperson, Paulo Coelho. In an interview yesterday, Coelho informed the Windhoek Observer that Mulunga has only been cleared by the ACC and not by the appointing body, the Namcor board of directors. Coelho was replying to questions from the Windhoek Observer on why Mulunga is yet to return to duty more than a week after ACC refused to charge him for corruption following payments…

04 Aug

NamPost 2022 revenue up to N$ 981m

ObserverObserver Money

Martin Endjala NamPost Group revenue rose by 3.7 percent to N$ 981 million in the fiscal year 2022, compared to N$ 945 million in the previous year. This has led to a profit rise of 64 percent, with N$ 89 million compared to N$ 54million in 2021. This is stated in the NamPost 2022 integrated annual report. NamPost's Finance Executive Officer, Batsirai Pfigirai stated in his financial review statement that the company has demonstrated increased financial performance in a limited economic climate, boosting earnings by 64 percent year on year. Pfigirai added that this was supported by an increase in…

04 Aug

Tax scammers case postponed to September

ObserverObserver Money

Niël Terblanché Eight people accused of a N$830 million tax refund scam will return to the High Court in Windhoek on September 12 for a hearing to determine whether money owed to the Namibian Revenue Agency may still be taken from their salaries. The eight applicants are among the 1 168 people involved in the tax refund scheme. The accused work for a number of governmental and private organisations. At the time of its discovery, the scam had costed the Namibian fiscus N$833 million. The eight applicants, Joseph Eben Tuzembeho, Herbert Tjongarero, Vivian Upingasana, Edward Louis, Katamundo Kahorongo, Dawid Mootu,…

04 Aug

Business Hall of Fame invites nominations

ObserverObserver Money

Staff Writer GEN Namibia Managing Director (MD), Helena Amadhila says nominations for this year’s Namibian Business Hall of Fame (NBHF) induction are currently open, and the public is encouraged to propose deserving candidates. Amadhila said this year's induction will take place on November 18, and will also act as a fundraiser for GEN Namibia's MSMEs support initiatives in Namibia. “It is that time of year again when Namibian entrepreneurs, both established and developing, are honoured by being inducted into the famous Namibian Business Hall of Fame. “The induction ceremony is a much-anticipated event that seeks to recognise authentic and proudly…

04 Aug

GOtv introduces unmatched sports, entertainment Supa+ package

ObserverSports

Staff Writer GOtv has launched of GOtv Supa+, a customised package that will see die-hard fans watch Pep Guardiola and Manchester City pull out all the stops to defend their Premier League crown on your Home of Sport - SuperSport. With the Premier League season kicking off next weekend, GOtv subscribers have a fantastic opportunity to connect, subscribe, and upgrade to catch the best of Manchester City's, Erling Haaland, Arsenal's new midfield sensation, Declan Rice, and Manchester United's striker, Marcus Rashford as they compete for top honours in the world's most watched league. According to GOtv, subscribers in Walvis Bay,…

04 Aug

Shareholders cash in on Nedbank offer

ObserverObserver Money

CHAMWE KAIRA Namibian shareholders sold shares worth N$288 136 on the recent Nedbank odd-lot Offer. An odd-lot offer is a ‘standard’ corporate action undertaken by JSE-listed companies whereby the company makes an offer to repurchase its shares from eligible shareholders holding less than 100 shares. Nedbank Namibia’s Manager of Communications and PR, Selma Kaulinge explained that with regard to the sell option, as this was an elective corporate event, holders who did not make an election were automatically regarded as having elected and accepted the cash consideration for which shareholders are required to return their original share certificates for payment.…

04 Aug

Procurement Board to invite bids for BIPA system

ObserverObserver Money

CHAMWE KAIRA Central Procurement Board of Namibia is soon expected to invite bids for Business and Intellectual Property Authority (BIPA)’s new Integrated Business Registration System. The implementing of the system is key if Namibia is to avoid being greylisted by the Financial Action Task Force (FATF) for falling short of certain international standards for combatting money laundering and other serious financial crimes. The board’s manager of stakeholders’ engagement, Johanna Kambala told Observer Money that once the Standard Bidding Document (SBD) is approved by the board, an Invitation for Bids (Advertisement) will be issued in the market for fair competition. “This…