Observer – Page 451 – Windhoek Observer

15 Sep

Toyota remains top selling car

ObserverObserver Money

Toyota maintains its position as the top-selling car brand in the market. In August 2023, Toyota continued to lead, capturing a 51% share of the market, which is an increase of 1 percentage point from the previous month. Following closely behind are Ford (7%), Volkswagen (6%), Kia (5%), and Scania (4%). Ford’s market share saw growth, primarily driven by the strong demand for the Ford Raptor, with 64 units sold in August. However, Volkswagen, which used to be the second-best performer, has seen relatively flat sales due to higher prices. In terms of vehicle sales, there was a 2.9% decline…

15 Sep

DBN redeems bonds worth N$500 million

ObserverObserver Money

Hertta-Maria Amutenja Development Bank of Namibia (DBN) has recovered N$500 million of its DBN23 bond, marking the completion of a series of three amortising fixed-rate bonds issued in 2018. This accomplishment, as highlighted by Jerome Mutumba, Executive for Marketing and Corporate Communication at the bank, underscores DBN’s unwavering dedication to supporting Namibia’s growth and prosperity through responsible financing. The journey towards redemption began for DBN in 2018 with the issuance of three bonds: DBN20A1 in February, DBN20B in March and DBN23 in December. These bonds collectively raised an impressive N$500 million, strategically allocated to fund various developmental projects across the…

15 Sep

NamRA liberates vital medical supplies at HKIA

ObserverMain

Niël Terblanché The Namibia Revenue Agency (NamRA) has finally taken matters into its own hands to release crucial medical supplies for the Namibian Blood Transfusion Service (NamBTS), previously held hostage in the Menzies Aviation Namibia warehouse at the Hosea Kutako International Airport. The release of supplies comes after a series of bizarre events and questionable claims that have left many cynical about the true intentions of those involved. Menzies Aviation Namibia had initially raised the alarm over a week ago, alleging that vital supplies for NamBTS mysteriously vanished from their air cargo warehouse. They pointed fingers at unidentified culprits while…

14 Sep

Trustco announces share buyback programme

ObserverObserver MoneyTrustco announces share buyback programme

Martin Endjala Trustco Group Limited (Trustco) has announced the establishment of a share repurchase program to be executed during its closed period which commenced on 1 September 2023, under the buyback programme, Trustco or a subsidiary may repurchase up to N$197 million shares directly or N$98 million shares via a subsidiary, subject to Johannesburg Stock Exchange (JSE) listings requirements. The Deputy Chief Executive Officer of Trustco Group Holding Quinton Van Rooyen said the group is constantly exploring strategies to boost shareholder value and has observed significant fluctuations in their share price, from a high 1600 cents per share in January…

14 Sep

Menzies finally hands over airport cargo

ObserverNational News

Erasmus Shalihaxwe Menzies Aviation Namibia has finally agreed to open and hand over its former warehouse cargo at the Hosea Kutako International Airport to the Namibia Airports Company (NAC) and Namibia Revenue Agency (NamRa). NAC Chief Executive Officer Bisey /Uirab, confirmed yesterday that the United Kingdom-based company representatives went to the airport yesterday morning to begin the handing-over process. “They have opened. They came to the airport this morning and I can confirm to you that the handover process is currently ongoing,” said /Uirab. This came after Menzies was evicted from the airport last month following a court order when…

14 Sep

I fought for the freedom of the Namibian people: Kashikola

ObserverMainI fought for the freedom of the Namibian people: Kashikola

Stefanus Nashama Daniel Kashikola, the former Deputy Minister of Home Affairs, Immigration, Safety, and Security, said he did not risk his life in the war for the liberation of Namibia for entitlement but for his love of the country, and for that reason, he has accepted the decision of President Hage Geingob to relieve him of his duty. “I was appointed by the President by a letter and relieved by the President by a letter. Where were you when I was appointed and why are you only concerned when I was relieved of ministerial duty? There was no explanation about…

14 Sep

The success of Census 2023 depends on citizens’ participation: Geingob

ObserverNational Newse success of Census 2023 depends on citizens’ participation: Geingob, Population and Housing Census 2023

Martin Endjala President Hage Geingob says the success of the upcoming Population and Housing Census 2023 will depend on the participation and cooperation of Namibian citizens which will not only determine its successful conclusion but subsequent planning and policy successes. “Census is not just a government initiative but a national endeavour in which every citizen has a crucial role to play. When citizens actively participate by providing accurate information, it ensures the reliability of Census data”. Geingob said this yesterday during the launch of the 2023 Population and Housing Census at State House. Namibia Statistics Agency (NSA) on Tuesday announced…

14 Sep

Debate rages over environmental impact and economic benefits amid uranium exploration

ObserverNational NewsDebate rages over environmental impact andeconomic benefits amid uranium exploration

Hertta-Maria Amutenja In a positive development for Namibia’s natural resources sector, the Parliamentary Standing Committees on Natural Resources and Economic and Public Administration embarked on a fact-finding mission in the Leonardville area of the Omaheke Region last week. The focal point of their visit was the uranium exploration operations of Uranium One Group, a Russian mining company with plans to extract uranium in Namibia. The visit came in response to an invitation from Uranium One to demonstrate the safety and adherence to regulations of their extraction methods in the area. Despite investing approximately N$850 million in the exploration process, the…

14 Sep

More than N$9 million worth of drugs seized, 136 suspected arrested

ObserverNational NewsKauna Shikwambi, The Namibian Police Force have this week arrested a 34-year-old man in possession of drugs worth almost N$6 million.

Stefanus Nashama The Namibian Police Force have this week arrested a 34-year-old man in possession of drugs worth almost N$6 million. According to NamPol’s Spokesperson, Deputy Commissioner Kauna Shikwambi, the man was arrested on Monday in Windhoek, during an intelligence-led operation. She said the police intercepted the man and arrested him after he was found in possession of 113, 470 kilograms grams of cannabis (skunk) with an estimated value of N$5,673,500 Shikwambi said the man appeared before the court on Monday and was remanded in custody until 9 November 2023 for the second appearance. Similarly, the police on Monday further…

14 Sep

Mystery surrounding missing angler deepens

ObserverNational NewsMystery surrounding missing angler deepens, Robby Michael

Niël Terblanché The baffling disappearance of 53-year-old angler Robby Michael, who vanished without a trace from a desolate beach near Mile 72 north of Henties Bay last Saturday night, has turned sinister when members of the Namibian Police arrested a man who was in possession of fishing rods believed to belong to the missing angler. Michael’s extended-cab Toyota bakkie was discovered partially submerged in the waves of the Atlantic Ocean near Mile 72. A passerby, who happened upon the scene of a white Toyota bakkie with registration number N 2426 OM, in the sea around 08:45 on Sunday morning, reported…