info_e12wt4cs – Page 447

14 Dec

BoN and NamRA launch trade verification system

info_e12wt4csObserver MoneyBoN and NamRA launch trade verification system

Stefanus Nashama The Namibia Revenue Agency (NamRA) and the Bank of Namibia (BoN) have jointly unveiled a new Trade Verification System (TVS) to ensure that trade activities are conducted legitimately and in full compliance with Namibia's international trade obligations. The new system is designed to oversee the nation's trade relations with the rest of the world, ensuring alignment with national laws under the auspices of NamRA and BoN. Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, speaking at the launch, said that the TVS establishes a secure and efficient framework for international business transactions. She noted that the system…

14 Dec

Nuclear energy is integral to GRN’s long-term plans

info_e12wt4csMainNuclear energy is integral to GRN’s long-term plans

Martin Endjala Mines and Energy Minister Tom Alweendo has affirmed that nuclear energy remains a crucial component of the government’s long-term plans, as articulated in its National Integrated Resource Plan (NIRP) issued earlier this year. He made this statement during a Cabinet Committee Briefing held in Windhoek. Alweendo pointed out that the NIRP has detailed how the government intends to manage the supply of electricity within the country. While nuclear energy may not be an immediate priority, it is considered as part of the long-term strategy. However, Alweendo emphasized that the feasibility of nuclear energy depends on various factors, including…

14 Dec

Numerous potentially fraudulent Black Friday transactions uncovered

info_e12wt4csNational NewsNumerous potentially fraudulent Black Friday transactions uncovered

Martin Endjala It has been revealed that 3.1 percent of Namibian transactions conducted during the Black Friday period, spanning from 23 to 27 November 2023, were potentially fraudulent. Globally, the figure stood at 3.6 percent for all e-commerce transactions according to findings from TransUnion regarding global e-commerce fraud trends for the start of the 2023 Christmas season. TransUnion also detected that the average number of suspected digital fraud attempts on any given day in Namibia during that period was 87.5 percent higher than during the same period in 2022 and 19.5 percent higher than the rest of 2023 (from January…

14 Dec

Nampower secures grant from KfW

info_e12wt4csNational News

Martin Endjala The Namibia Power Corporation (NamPower) received a significant grant of N$400 million from the German Development Bank to embark on the construction of Namibia’s inaugural utility-scale Battery Storage Energy System (BESS). The grant was formalized on 7 December 2021, when the KfW Development Bank, in collaboration with the National Planning Commission and NamPower, signed an agreement for the grant to facilitate the implementation of the first utility-scale BESS not only in Namibia but also in the broader Southern African region. The funds provided by Germany are specifically allocated for the construction of a 54 MW / 54 MWh…

14 Dec

Home Affairs issued more than 90 000 birth certificates

info_e12wt4csNational NewsHome Affairs issued more than 90 000 birth certificates

Herta-Maria Amutenja The Ministry of Home Affairs, Immigration, Safety, and Security (MHAISS) has reported that it has issued a staggering 92,330 birth certificates from January to December this year. This is according to Deputy Minister Lucia Witbooi while speaking during the cabinet committee briefing yesterday. Witbooi stressed the importance of the birth registration process, asserting, “Birth registration is, therefore, a human right. It establishes the child’s legal identity, which, together with the ascertainment of that child’s citizenship, is essential for accessing a range of services such as education, healthcare and social protection.”However, amidst this achievement, the ministry revealed that out…

14 Dec

Second unemployment protest planned for Independence Day 2024

info_e12wt4csNational NewsSecond unemployment protest planned for Independence Day 2024

Stefanus Nashama Gregory Cloete, Head of Planning and Mobilization for the Namibia Economic Freedom Fighters (NEFF), has officially informed the Namibian Police Force about a nationwide peaceful protest against unemployment scheduled for 21 March 2024. Cloete’s decision to notify the police well in advance stems from concerns over the violation of fundamental freedoms guaranteed by the Namibian Constitution. He referred specifically to Chapter 3, Article 21 (1) (d) of the Namibian Constitution, which asserts that all individuals have the right to assemble peaceably and without arms. “We are giving the Namibian Police enough time to ensure that they will mobilise…

14 Dec

Namibia’s major airports meet the required standards

info_e12wt4csNational NewsNamibia’s major airports meet the required standards

Niël Terblanché In a bid to support the Namibian Government’s national development initiatives and capitalize on the various Green Hydrogen initiatives and recent oil and gas discoveries, the Namibian Airports Company has obtained the necessary certification for the country’s major airports. According to Dan Kamati, both the Hosea Kutako International Airport (HKIA) and the Walvis Bay International Airport (WBIA) have complied with the necessary Aerodrome Certification, and the process has been completed successfully. Kamati said in a statement that the Namibia Civil Aviation Authority (NCAA) issued the aerodrome certificates to NAC in accordance with the provisions of the Namibia Civil…

14 Dec

Nampol issues stern warning to illegal liquor outlets

info_e12wt4csNational NewsNampol issues stern warning to illegal liquor outlets

Niël Terblanché Outlets that sell liquor to people under the age of 18 or operate without proper licensing will face heavy penalties over the festive season. The head of the Namibian Police’s Public Relations Division, Deputy Commissioner Kauna Shikwambi, said in an official statement that all liquor outlets nationwide are strongly urged to operate under the conditions of their binding license issued by a magistrate in their area of jurisdiction. According to Shikwambi, liquor can only be sold in accordance with the Liquor Act of 1998, Act 6 of 1998, Section (2) - Sale of Liquor and Kinds of Licenses,…

14 Dec

Namibia to host inaugural Global African Hydrogen Summit in 2024

info_e12wt4csNational NewsNamibia to host inaugural Global African Hydrogen Summit in 2024

Niël Terblanché Namibia is set to become the host of the inaugural Global African Hydrogen Summit (GAh2S) from 3 to 5 September 2024, as part of its commitment to COP28 initiatives. The Namibia Investment Promotion and Development Board (NIPDDB) made the announcement and said that the three-day summit will bring together heads of state, government agencies, industry business leaders, project developers, investors, and technologists from across Africa and around the world. According to the NIPDB, the primary objective of the very first summit of its kind will be to drive critical investments and financing into bankable green energy projects. At…

13 Dec

Mastering Holiday Juggle: A Business Owner’s Guide to Stress-Free December Planning

info_e12wt4csObserver Money, OpinionsMastering Holiday Juggle: A Business Owner’s Guide to Stress-Free December Planning

Josef Kefas Sheehama As the holiday season approaches, individuals find themselves juggling various demands, both professional and personal. Before you realize it, December is halfway through, and the Christmas shutdown looms ahead. To truly disconnect from your business during your well-deserved break, effective planning is essential. While you may be on holiday, your business doesn’t have to be closed permanently. Maintaining online visibility and preventing a decline in reach requires strategic planning for the December holiday period, managing expectations, and ensuring the satisfaction of staff, customers, and suppliers. The end-of-year rush presents a significant opportunity for businesses to solidify their…