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Driving positive change through financial solutions

Driving positive change through financial solutions

In Namibia, making a real impact with financial solutions is a shared endeavour that requires collective action, innovative thinking, and a deep understanding of our people's needs. As a united force within the financial services industry, we bear a collective responsibility to lead the way toward a better future for everyone. At the forefront of our efforts is the imperative to ensure that our financial strategies are intricately aligned with Namibia's unique socio-economic landscape. This involves fostering collaboration and partnership with key stakeholders, including the government, businesses, and community groups, to identify priority areas where our combined resources can generate…
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Brandon Munro appointed Bannerman chairman

Brandon Munro appointed Bannerman chairman

Bannerman Energy Limited has announced changes to its board and key executive roles, effective from early March 2024, in further preparation for planned development of its flagship Etango Uranium Project in Namibia. After almost 15 years of dedicated service, Ronnie Beevor will be retiring from the Bannerman Board. Bannerman’s current Managing Director and CEO, Brandon Munro, will assume the role of Executive Chairman. Alison Terry will be appointed as Lead Independent Director and Gavin Chamberlain is to be promoted from Chief Operating Officer to the Company’s Chief Executive Officer. Bannerman Executive Chairman-elect, Brandon Munro said the changes are designed to…
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Air Cargo Demand Surges 10.8%

Air Cargo Demand Surges 10.8%

The International Air Transport Association (IATA) released data for global air freight markets showing that air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties. Full-year demand reached a level just slightly below 2022 and 2019. Global full-year demand in 2023, measured in cargo tonne-kilometers (CTKs), was down 1.9% compared to 2022 (-2.2% for international operations). Compared to 2019, it was down 3.6% (-3.8 for international operations. Capacity in 2023, measured in available cargo tonne-kilometers (ACTKs), was 11.3% above 2022 (+9.6% for international operations). Compared to 2019 (pre-COVID) levels, capacity was up 2.5% (0.0%…
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African air traffic rose 38.7% in 2023

African air traffic rose 38.7% in 2023

African airlines’ annual traffic rose 38.7% in 2023 compared to the prior year. Full year 2023 capacity was up 38.3% and load factor climbed 0.2 percentage points to 71.9%, the lowest among regions. December 2023 traffic for African airlines rose 9.5% over December 2022, the International Air Transport Association (IATA) said. IATA announced that the recovery in air travel continued in December 2023 and total 2023 traffic edged even closer to matching pre-Total traffic in 2023 (measured in revenue passenger kilometers or RPKs) rose 36.9% compared to 2022. Globally, full year 2023 traffic was at 94.1% of pre-pandemic (2019) levels.…
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Renovation of historic Ritterburg Building in Swakopmund set to begin

Renovation of historic Ritterburg Building in Swakopmund set to begin

Niël Terblanché The Ministry of Environment, Forestry and Tourism (MEFT) is in the final stages of appointing a contractor for the much-awaited renovation of the iconic Ritterburg office building in Swakopmund. The MEFT’s spokesperson, Romeo Muyunda said in a statement that the ministry is close to completing the tender process, with renovation works expected to start between April and May, aiming for completion by August or September 2024. The Ritterburg Building, a historic monument listed under the Heritage Council of Namibia, has fallen into a state of disrepair over the years. "Securing the necessary resources for this renovation has been…
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Usakos tackles youth unemployment with vocational training initiative

Usakos tackles youth unemployment with vocational training initiative

Niël Terblanché The town of Usakos in the Erongo Region has launched an ambitious youth employment intervention programme to curb the scourge of youth unemployment. The initiative, spearheaded by Usakos Mayor, Irene Simeon-Kurtz, aims to provide the town's youth with essential funding for various vocational training programmes aimed at addressing persistent educational and unemployment challenges. The programme emerges against a backdrop where a significant majority of young individuals entering the labour market each year find themselves trapped in a cycle of unemployment, with more than 70 percent remaining outside of employment, education, and training systems. "Our multi-sectoral action plan is…
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Media union insist charges against New Era editor be dropped despite reinstatement

Media union insist charges against New Era editor be dropped despite reinstatement

Erasmus Shalihaxwe Namibia Media Professionals’ Union (NAMPU) Acting Secretary General Jemima Beukes, says the union has welcomed the reinstatement of New Era Newspaper Managing Director Johnathan Beukes, following his suspension in September 2023, and returned to work yesterday. However, the media union is not satisfied with the fact that despite Beukes going to work, the charges that got him suspended have still not been dropped and he is still facing a disciplinary hearing. “We commend the decision by the New Era leadership to heed our calls for his return, affirming the importance of a free and robust press in our…
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MVA donates medical equipment to Oshakati Intermediate Hospital

MVA donates medical equipment to Oshakati Intermediate Hospital

Hertta-Maria Amutenja The Motor Vehicle Accident (MVA) Fund has bestowed Oshakati Intermediate Hospital with a noteworthy donation of medical equipment valued at N$388 146. This philanthropic gesture aims to fortify government-driven healthcare initiatives. The contribution encompasses cutting-edge medical equipment, from patient monitors and oximeters to stretcher trolleys, spine boards, neck collars, and other vital essentials. The donation is poised to substantially augment the hospital's diagnostic, treatment, and patient care capabilities. The MVA's Chief Executive Officer, Rosalia Martins-Hausiku reiterated the Fund's dedication to advancing medical services at Oshakati Intermediate Hospital. "Healthcare is a cornerstone of societal well-being, and the MVA Fund…
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Deadly shack fire leaves community in shock

Deadly shack fire leaves community in shock

Niël Terblanché In a heart-wrenching incident that has left the Swakopmund community reeling in shock, a young mother, 32-year-old Stefni Strauss, and her two daughters, six-year-old Grace Margraaf and two-year-old Rechenay Margraaf, perished in a shack fire. According to the incident report provided by the Namibian Police, the tragedy unfolded in the early hours of Wednesday morning, between 01:00 and 01:30. The incident report reveals that Stefni was last seen by her neighbour earlier the previous day, shopping at a local tuck shop. Tragically, it was the same neighbour who later witnessed flames engulfing Stefni’s shack and attempted to come…
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President Geingob is back on Namibian soil

President Geingob is back on Namibian soil

Niël Terblanché President Hage Geingob arrived back in Namibia on Wednesday evening following a two-day novel treatment regime for cancer in the United States of America. According to a statement issued by the Namibian Presidency, the Head of State was admitted to a hospital in Windhoek upon his arrival in the capital city where he will receive the remainder of the cancer treatment. President Geingob’s cancer diagnosis came after routine a colonoscopy and gastroscopy that he underwent at the beginning of January. A subsequent biopsy detected cancerous cells. Shortly after the diagnosis was made public, President Geingob accepted a medical…
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