info_e12wt4cs – Page 449

12 Dec

MTC records income growth of N$3 billion in the 2023 Financial year

info_e12wt4csNational NewsMTC records income growth of N$3 billion in the 2023 Financial year

Martin Endjala Namibia’s leading mobile communications operator, Mobile Telecommunications (MTC), recently announced a substantial income growth of N$3 billion for the 2023 financial year, representing a 5.0 percent increase compared to the N$2.9 billion recorded in 2022 at a growth rate of 3.7 percent. These figures were revealed in the company’s consolidated results for the year ending on September 30, 2023, with a profit of N$1 million and earnings per share at 105.89 cents. MTC’s Managing Director, Licky Erastus, expressed optimism about the company’s future, emphasizing its commitment to providing exceptional services, innovative products, and solutions that will drive growth…

12 Dec

NEFF is disappointed with the LPM’s “copycats” remarks

info_e12wt4csNational NewsNEFF is disappointed with the LPM’s “copycats” remarks

Hertta-Maria Amutenja The Namibia Economic Freedom Fighters (NEFF) has expressed disappointment in remarks made by Landless People’s Movement (LPM) leader Bernardus Swartbooi, by labelling other political parties as copycats. The NEFF regarded Swartbooi’s remarks as a regrettable representation of Namibia’s alternative political landscape. The deputy leader of the NEFF, Iipumbu Kalimbo has challenged Swartbooi’s perspective, questioning whether the LPM itself could be considered a copycat due to its one-tribe dominance. “The recent remarks made by Swartbooi are a very sad representation of the alternative politics landscape in Namibia,” stated Kalimbo, while highlighting the party’s concern over Swartbooi’s narrative, which he…

12 Dec

President Geingob calls for international unity against corruption

info_e12wt4csNational NewsPresident Geingob calls for international unity against corruption

Niël Terblanché On the commemoration of International Anti-Corruption Day, President Hage Geingob called on the world to unite against corruption He stressed the devastating effects on disadvantaged and poor people and added that there is an urgent need for Namibia to be free of corruption. This global observance of International Anti-Corruption Day occurs on 9 December each year to raise awareness about the damaging impacts of corruption on societies and economies worldwide. This year’s theme, ‘UNCAC at 20: Uniting the World against Corruption,’ accentuates the importance of global collaboration in combating corruption. President Geingob stressed the significance of this milestone…

12 Dec

Prime minister encourages disaster risk preparedness

info_e12wt4csNational NewsPrime minister encourages disaster risk preparedness

Stefanus Nashama Prime Minister Saara Kuugongelwa-Amadhila, recognizing Namibia’s vulnerability to climate change, has stressed the importance of the disaster risk engagement communication strategy as a crucial element of risk preparedness. “We must pave the way for a paradigm shift in disaster risk management and adopt an approach that is steeped in proactive measures, vigilance, and robust communication strategies,” she said. The Premier made these remarks during the official launch of the awareness and communication strategy for disaster risk management in the capital recently. She reiterated that the platform’s objective is to enhance the national capacity to prevent, mitigate, prepare for,…

12 Dec

Chevron donation to boost resilience in Namibia

info_e12wt4csNational NewsChevron donation to boost resilience in Namibia

Niël Terblanché Namibia is keen to explore extended cooperation with the Russian Federation to finally lay the cornerstone for tangible industrialization. Russian Prime Minister Yury Trutnev, who also chairs the Intergovernmental Commission on Trade and Economic Cooperation, recently held talks with Netumbo Nandi-Ndaitwah, Namibia’s Deputy Prime Minister and Minister of International Relations and Cooperation. During these discussions, both leaders reiterated that Russia will play a crucial role in Namibia’s industrialization agenda and various areas of trade, including agriculture, mining, and health. Addressing the gathering, Nandi-Ndaitwah expressed Namibia’s eagerness to enhance cooperation with the Russian Federation across multiple domains. She stressed…

12 Dec

Nandi-Ndaitwah confident that Russia holds the key to industrialisation

info_e12wt4csNational NewsNamibia is keen to explore extended cooperation with the Russian Federation to finally lay the cornerstone for tangible industrialization.

Niël Terblanché Namibia is keen to explore extended cooperation with the Russian Federation to finally lay the cornerstone for tangible industrialization. Russian Prime Minister Yury Trutnev, who also chairs the Intergovernmental Commission on Trade and Economic Cooperation, recently held talks with Netumbo Nandi-Ndaitwah, Namibia’s Deputy Prime Minister and Minister of International Relations and Cooperation. During these discussions, both leaders reiterated that Russia will play a crucial role in Namibia’s industrialization agenda and various areas of trade, including agriculture, mining, and health. Addressing the gathering, Nandi-Ndaitwah expressed Namibia’s eagerness to enhance cooperation with the Russian Federation across multiple domains. She stressed…

12 Dec

Unregistered SIM cards to be suspended for three months

info_e12wt4csMainUnregistered SIM cards to be suspended for three months

Martin Endjala The Communication Regulatory Authority of Namibia (CRAN) has warned citizens whose SIM cards are not registered by 31 December 2023, that their cards will be suspended for three months. According to CRAN’s Chief Executive Officer, Emilia Nghikembua, the SIM card registration conditions mandate users to register their SIM cards with their mobile service provider. Nghikembua stated that after 31 December 2023, unregistered SIM cards will be suspended for three months, and if a customer attempts to use the service during the suspension period, they only receive a warning message. “During the three-month suspension period, the service may be…

08 Dec

info_e12wt4csObserver Money

Chamwe Kaira MTC delivered a good financial performance that is in line with the expectation for the financial year. Despite the challenging economic conditions, such as elevated inflation and the weaker local currency against the US dollar, the company adapted with a five percent total income growth compared to 3.7 percent in 2022, the company said in consolidated results for the year ended 30 September 2023. MTC said income growth was driven by the increase in demand for data, growth in prepaid products, resumption of roaming services and continued expansion of enterprise services. “The demand for fixed line services continued…

08 Dec

ANIREP targeting N$1.4 billion investments

info_e12wt4csObserver Money

Alpha Namibia Industries Renewable Power Limited (ANIREP) this week announced the results of the rights offer as approved by shareholders on 3 November and closed on 4 December 2023. ANIREP disclosed that a total of N$557,138,096.30 has been received, which is equivalent to a total of 70,523,809 rights offer shares being subscribed for out of the total 71,403,185 rights offer shares on offer. This translates to a subscription rate of 98.77 percent. Managing Director, Iyaloo Nangolo talked to Observer Money about the money that was raised through the offer and the company’s plans going forward. Observer Money (OM): Alpha Namibia…

08 Dec

Exports to Lesotho worth N$52m

info_e12wt4csObserver Money

Chamwe Kaira Namibia exported goods worth N$52.6 million to Lesotho during the period 2015 to 2022, while on the demand side, goods amounting to N$50.3 million were sourced from Lesotho. In October, Namibia sourced goods worth N$916 8111 from Lesotho. The export basket to Lesotho comprised solely of ‘Lime, cement, and fabricated construction materials’ whereas the import basket primarily comprised of clothing articles. During October, Namibia exported goods worth N$3.6 billion to African markets, whereas, on the demand side, the country sourced goods from Africa. In October, Namibia’s total exports stood at N$6.8 billion and imports at N$11.3 billion, resulting…