info_e12wt4cs – Page 457

11 Mar

Opportunity for Namibians to acquire listed instruments in international companies for N$10

info_e12wt4csNational News

Martin Endjala First National Bank of Namibia has opened up investment avenues for Namibians to participate in the global investment economy by acquiring listed instruments in international companies like Amazon, Apple, Hathaway, and Microsoft for as little as N$10. The listed financial instruments are any assets that hold capital and can be traded, and this consists of shares, cheques, bonds, futures and options contracts. FNB announced this last week during the launch of an Exchange Traded Notes (ETN) programme. Rand Merchant Bank (RMB) Namibia Heads of Markets Ian Erlank, highlighted the bank’s commitment to providing consumers with the necessary tools…

11 Mar

Venaani irked by delayed release of August 26 audit report

info_e12wt4csMainVenaani irked by delayed release of August 26 audit report

Stefanus Nashama The leader of the Official Opposition, the Popular Democratic Movement (PDM), McHenry Venaani, said he is deeply disappointed with the prolonged delay in the publication of the forensic audit report into the affairs of August 26 Holdings. Since 2018, Venaani has made numerous calls to have the state-owned company’s books audited, stressing that the company has failed to account for public funds since its inception. The calls include the office of the Ombudsman to render a legal opinion on the legality of the auditing of the company. August 26 is fully owned by the Ministry of Defence and…

11 Mar

Thirst Trap: Namibia’s Battle for Water Resilience

info_e12wt4csOpinionsThirst Trap: Namibia's Battle for Water Resilience

A few weeks ago, Namibia's Minister of Information Communications Technology, Hon. Emma Theofelus, announced that if no inflow of water is received in the dams, the existing water sources will only be sufficient to secure a regular water supply to central areas of Namibia until July 2025. This revelation underscores the pressing need for immediate action to address the country's water crisis. With water scarcity looming large, Namibia faces an uphill battle to ensure the well-being of its citizens and the sustainability of its environment. The Urgency of Long-Term Solutions The approval of funding for long-term water supply solutions from…

11 Mar

Capricon Eagles Struggle at All African Games in Ghana, Suffering Second Defeat by Tanzania

info_e12wt4csSports

The Capricon Eagles, are facing a tough challenge at the ongoing All African Games in Ghana. After their second consecutive defeat, this time by a narrow margin of 1 wicket against underdogs Tanzania, the Eagles find themselves in a precarious position. This defeat follows their earlier setback against Nigeria earlier in the week. Despite their win against South Africa, the Eagles, led by Captain Yasmeen Khan, are amongst the top-ranked teams in the competition, with a high expectation for victory. However, their opponents, well aware of the Eagles’ capabilities, have been strategically working to thwart their efforts and ensure they…

11 Mar

Namibian Football Association Embraces Women’s Empowerment in Football Leadership

info_e12wt4csSportsNamibian Football Association Embraces Women’s Empowerment in Football Leadership

Football Coordinator of the Namibia Football Association (NFA), recently participated in the CAF Women’s Football Capacity Building Workshop held in Cairo, Egypt, from 26-29 February. This workshop brought together representatives from 48 African countries, aiming to empower women in football leadership roles through comprehensive training and resources. With a focus on providing participants with essential skills, strategies, confidence, and networking opportunities, the workshop aimed to equip women in football administration with the tools they need to excel in their careers and make a significant impact in the football industry. Hamupolo emphasized the importance of women administrators in football, highlighting their…

11 Mar

Police approved protest against high unemployment on Independence Day

info_e12wt4csNational News

Stefanus Nashama The Namibian Police Force has approved a demonstration against high unemployment in the country, planned for 21 March, the day Namibia celebrates Independence Day. However, the approval comes with strict conditions concerning the Public Gatherings Proclamation Act, of 1989 (AG 23 OF 1989). This is according to a letter from the Inspector-General of the Namibian Police Force, Lieutenant General, Joseph Shikongo, last week. “You are hereby directed to engage your participants and inform them of the appended conditions accordingly,” said the Police Chief. Failure to adhere to the appended conditions constitutes a criminal offence in terms of Section…

11 Mar

Namibia attends SADC Council of Ministers Meeting in Angola

info_e12wt4csNational NewsNamibia attends SADC Council of Ministers Meeting in Angola

Niël Terblanché In an effort to further strengthen regional cooperation and sustainable development, Namibia is participating in the pivotal South African Development Community (SADC) Council of Ministers meeting held in Angola. Peya Mushelenga, the Minister of International Relations and Cooperation, is leading the Namibian delegation, alongside notable government officials, including Penda Naanda, the Executive Director of the ministry, and Titus Ndove, the Executive Director of the Ministry of Finance and Public Enterprises. This crucial gathering, chaired by Angola’s Minister of External Relations, Ambassador Téte António, in his capacity as the SADC Council of Ministers Chairperson, aims to deliberate on the…

11 Mar

All voters with voter cards older than ten years required to re-register

info_e12wt4csNational NewsAll voters with voter cards older than ten years required to re-register, Elsie Nghikembua

Martin Endjala All voters with voter cards older than ten years will need to register again in order to participate in the highly anticipated 2024 National Assembly and Presidential elections slated for 27 November this year. Electoral Commission of Namibia (ECN) Chairperson Elsie Nghikembua, announced this during the launch of the Electoral Calendar and Democracy Awareness campaign on last week. Nghikembua informed that voter cards expire after a period of ten years, thus urging such cardholders to register as well as all eligible voters. She said this will be the seventh Presidential and National Assembly election that will be directed,…

11 Mar

Nawatiseb parts ways with LPM after only a month

info_e12wt4csNational NewsEngel Nawatiseb

Hertta-maria Amutenja Former Deputy Minister of Information and Communication Technology, Engel Nawatiseb, has severed ties with the Landless People’s Movement (LPM) after joining the party a mere month ago. This decision comes on the heels of his departure from the ruling party Swapo last month. “I decided to part ways with the Landless People’s Party with immediate effect today. The resolve was taken following consultation with my family in the best interest of the LPM founding members, its leader Bernardus Swartbooi and further to protect my personal integrity, reputation and credibility as well as the image of my clan/elders. I…

11 Mar

Government faces scrutiny over Fisheries Employment Program

info_e12wt4csNational NewsGovernment faces scrutiny over Fisheries Employment Program

Hertta-Maria Amutenja The leader of the Official Opposition, McHenry Venaani, has raised questions regarding the Government Employment Redress Programme, specifically focusing on the employment outcomes for fishermen within the hake sector. Venaani’s notice of questions scheduled for this week brings attention to the challenges faced by the program. He plans on asking Minister of Fisheries and Marine Resources, Derek Klazen, about the criteria used to select participants for the Governmental Employment Redress Programme, and the terms and conditions outlined in the designated agreements which he said are a cause for concern. “Particularly clause 3.5, which stipulates that if an employee…