info_e12wt4cs – Page 443

09 Jan

No further macroprudential intervention required – BoN

info_e12wt4csObserver MoneyNo further macroprudential intervention required - BoN

Martin Endjala The Macroprudential Oversight Committee (MOC) of the Bank of Namibia, has determined that no further macroprudential policy intervention is required at this stage. The Bank will, however, continue to monitor the developments and when warranted, take the necessary remedial macroprudential action with the tools at its disposal. This is according to BoN Governor Johannes !Gawaxab, who shed light on the MOC's last meeting held last year on 07 December 2023 to assess potential risks and vulnerabilities in the Namibian Financial System. The Governor highlighted that following a comprehensive assessment of domestic and global economic conditions, the Committee deemed…

09 Jan

The Importance of History

info_e12wt4csOpinionsCaptain Nelson Tuhafeni Kalangul, The Importance of History

Captain Nelson Tuhafeni Kalangula Understanding history is much like standing on the shoulders of giants with observation and anticipation of expected outcomes. It allows us to learn from the successes and failures of those who came before us, gaining valuable insights that can help us shape a better future. Here are some reasons why history is so important: Understanding the Present:History provides the context for understanding the world around us. It helps us explain how our societies, cultures, and governments came to be, and why things are the way they are today. Without this historical context, we are left with…

09 Jan

Arcadia Football Club Invites Young Talent to Join Development Program

info_e12wt4csSportsArcadia Football Club Invites Young Talent to Join Development Program

Arcadia Football Club, a community-driven club founded in 1986, is extending a warm invitation to parents interested in enrolling their young ones, both boys and girls aged between 6 and 19, in the football development program. Despite facing challenges in terms of training equipment, particularly soccer balls, the club remains committed to providing an alternative avenue for the youth to channel their energy positively. Coach Frank Inana emphasizes the club's community-driven philosophy, relying on the goodwill of parents and individuals to procure necessary equipment for the youngsters. The makeshift training ground in Grysblok, with its gravel surface, serves as a…

09 Jan

Flying High Towards the ICC Men’s U19 World Cup

info_e12wt4csSportsFlying High Towards the ICC Men’s U19 World Cup

The U19 Namibia Men’s cricket team, affectionately known as the Walvis Bay Salt Eagles, gears up for their momentous journey to the ICC Men’s U19 World Cup in Kimberly, South Africa. The team's rigorous training sessions, under the guidance of seasoned coaches and mentors, have honed their skills and fortified their resolve to compete against the best in the world. Their journey to the World Cup serves as an inspiration to budding cricketers across Namibia, igniting dreams and aspirations in the hearts of aspiring athletes who aspire to follow in their footsteps. As they set their sights on the tournament,…

09 Jan

Economic revitalization will bring more migrants to urban areas

info_e12wt4csNational NewsEconomic revitalization will bring more migrants to urban areas

Niël Terblanché High numbers of people are expected to migrate to the Erongo Region following the future establishment of at least two green hydrogen-producing plants along the Namibian coast and the prospect of improved Uranium prices on the world market. These developments have ignited hope among the region’s residents for a brighter economic future. Dina Namubes, the Mayor of Swakopmund expressed optimism about the resurgence of mining activities in the area, particularly at Langer Heinrich, where mining operations were restarted last year. The mining sector holds great promise for job creation and economic growth in the region. Mayor Trevino Forbes…

09 Jan

President Geingob undergoes another minor surgical procedure

info_e12wt4csNational NewsPresident Geingob undergoes another minor surgical procedure

Niël Terblanché President Hage Geingob underwent routine colonoscopy and gastroscopy tests in a Windhoek hospital yesterday. According to a statement issued by the Office of the President, the procedure was a follow-up to Geingob’s annual medical checkup. The statement said that President Geingob always advises Namibians to undertake routine medical checkups in light of the importance of early detection and prevention of possible serious diseases. The tests on President Geingob lasted for two hours, following which the President returned to his residence. The most recent procedure follows after the President was admitted to a hospital in Windhoek in July 2023…

09 Jan

Amushelelo arrested and detained again

info_e12wt4csNational NewsAmushelelo arrested and detained again, Michael Amushelelo

Stefanus Nashama In his quest to advocate for over 100 suspended retail employees at the Oshakati-based Rani Group, social activist Michael Amushelelo found himself under arrest once again by the Namibian Police Force yesterday. His legal representative, Kadhila Amoomo, confirmed the arrest, describing it as an apparent political witch-hunt. Amoomo said that Amushelelo does not pose a flight risk and could have been summoned to court if he had violated any court orders. The lawyer accused the police of neglecting their duty to enforce the law where it is needed most. He went further to suggest that the police appear…

09 Jan

SIM card registration process must be intensified – Ndala

info_e12wt4csNational NewsDuminga Ndala, Peya Mushelenga, SIM card registration process must be intensified - Ndala

Martin Endjala Following the extension of the Subscriber Identity Module (SIM) card registration deadline from 1 January 2024 to 31 March 2024, by Information Communication and Technology Minister Peya Mushelenga, Duminga Ndala of the Landless People’s Movement stressed the need to intensify the registration process. Ndala stated that it is now the responsibility of all stakeholders to ensure that, by the set deadline, all subscribers have completed their registration. “Three months is a sufficient timeframe, but what needs to be done is to launch campaigns emphasizing the importance of registering our SIM cards, considering the lengthy period provided over the…

09 Jan

Labour ministry endeavours to restore critical job matching system

info_e12wt4csNational NewsLabour ministry endeavours to restore critical job matching system, Namibia Integrated Employment Information System (NIEIS)

Niël Terblanché The Namibia Integrated Employment Information System (NIEIS), a cornerstone of the Namibian job market, is currently experiencing intermittent interruptions and the unexpected downtime has raised concerns about its impact on both employers and job seekers. NIEIS, launched by the Ministry of Labour, Industrial Relations, and Employment Creation in Namibia, is designed to connect employers with potential employees. It requires designated employers to report job vacancies, creating a comprehensive database of employment opportunities in accordance with the Employment Service Act (Act No. 8 of 2011). Kyllikki Sihlahla, the Acting Executive Director of the Ministry of Labour, Industrial Relations, and…

09 Jan

Former Synagogue Church member shares her harrowing experience

info_e12wt4csMainFormer Synagogue Church member shares her harrowing experience, Jessica Kaimu, TB Joshua

Hertta-Maria Amutenja In an exposé, the late Nigerian pastor TB Joshua, founder of the Synagogue Church of All Nations (SCOAN), is under scrutiny for allegations of widespread abuse and torture, including rape and forced abortions, as disclosed by the BBC documentary “Disciples.” Among the survivors coming forward is Namibia Broadcasting Corporation TV anchor Jessica Kaimu, a 33-year-old local media personality, who shed light on the harrowing experiences within the walls of the SCOAN. Jessica recounts her journey, which began at the age of 17 when she was drawn to the Synagogue Church through Emmanuel TV. Initially, the church seemed like…