info_e12wt4cs – Page 458

18 Dec

MUN members gain access to new financial products

info_e12wt4csNational NewsMUN members gain access to new financial products

Niël Terblanché The Mineworkers Union of Namibia (MUN) has unveiled a suite of new financial products for its members, providing them with expanded opportunities through the Namibia Miners Investment Trust (NAMIT) Education Fund. The announcement was made during the union’s recent Indaba, which took place in Swakopmund and was attended by MUN leadership from various parts of Namibia, NAMIT management, and technical partners from Legalwise in South Africa. MUN President Ismael Kasutasai expressed the union’s commitment to meeting the needs of Namibian workers. “At the MUN, we always put the needs of Namibian workers as our motivation. This does not…

18 Dec

GIPF appoints new leadership for 2024

info_e12wt4csNational NewsGIPF appoints new leadership for 2024

Hertta-Maria Amutenja The Government Institutions Pension Fund (GIPF) has officially appointed Penda Ithindi as the Chairperson and Evans Maswahu as Vice-Chairperson of the GIPF Board of Trustees, effective from January 1, 2024, to 31 December 2024. GIPF Acting Chief Executive Officer, Onno Amutenya made the announcement last week. Ithindi, renowned for his extensive experience in economics, capital markets and investments, has been a member of the Board of Trustees since 21 August 2020, following an appointment by the government. He served as the Chairperson of the Investment Committee and as a member of the Audit and Risk Committee. Amutenya said…

18 Dec

Authenticity of a notice about a nationwideprotest against unemployment questioned

info_e12wt4csNational NewsAuthenticity of a notice about a nationwideprotest against unemployment questioned

Stefanus Nashama In a preliminary response to the notification of the planned nationwide protest against unemployment on March 21, 2024, in the country, the Namibian Police Force has questioned the authenticity of the author of the notification letter from the Namibia Economic Freedom Fighters (NEFF). A notification for the protest next year was submitted to the police last week, signed in the name of the NEFF by an individual named Gregory Cloete. The Inspector-General of the Namibian Police, Lieutenant General Joseph Shikongo, wrote to NEFF Leader Epafras Mukwiilongo last week, asking whether Cloete, who is said to be the party’s…

18 Dec

Namcor alleges blatant fraud in the acquisition of military fuel storage facility

info_e12wt4csMainNamcor alleges blatant fraud in the acquisition of military fuel storage facility

Niël Terblanché Immanuel Mulunga, the suspended Managing Director of Namcor, along with several other individuals, is facing legal action that could cost them over N$53 million in restitution to the National Petroleum Corporation of Namibia (Namcor). The state-owned entity while filing particulars of a claim at the Namibian High Court has made serious allegations of fraud during the acquisition of a military fuel storage facility in Walvis Bay. The claim asserts that Mulunga and nine other defendants are responsible for a transaction that was concluded in breach of government control structures, resulting in significant financial losses to Namcor. Namcor’s decision…

15 Dec

Just Saying with Matts Haikali

info_e12wt4csOpinions, Sports

In past weeks, the spotlight has shifted onto the concept of community ownership of clubs in Namibia, unveiling a compelling drama surrounding one of the oldest and most successful clubs in the premier league. Am just saying, the unfolding events not only bring into question the current state of governance within community clubs but also underscore the indispensable role supporters and fans play in sustaining these cherished institutions. All am saying is that one cannot underestimate the impact of passionate supporters on the success and longevity of a football club, especially in the absence of clear governance structures to explain…

15 Dec

Exclusive Interview with Rosvitha Ghunonga Mansodi aka DJ Rossberry, Kavango Super Cup Festival Spokes person

info_e12wt4csSportsExclusive Interview with Rosvitha Ghunonga Mansodi aka DJ Rossberry, Kavango Super Cup Festival Spokes person

NAME : Rosvitha Ghunonga Mansodiaka DJ RossberryDATE OF BIRTH : 12 SeptemberPLACE OF BIRTH : RunduPOSITION : Marketing officerORGANIZATION : Kavango Super Cup FestivalPOSITION : Spokes personCLUB : Kavango Super Cup Festival Who is DJ Rossberry, and how did you end up being involved in sports?My journey in sports started in 2021 when I was appointed to become a social media manager for a sports festival called Kavango Super Cup. I started creating content for sports and interviewing the players and the public about the tournament. 2022 I was appointed as the marketing officer for the festival, I did the…

15 Dec

What ideologies do political parties, formations offer?

info_e12wt4csOpinionsformations offer?, What ideologies do political parties

AN ideology can be defined and or described as a system of ideas and ideals, especially one which forms the basis of economic or political theory and policy. Yours Truly Ideologically is deliberately invoking the definition ideology because ideology is something many, if not most if not all, Namibian political parties and formations take for granted. This is despite their claims, and/or pretentions to being players on the local political terrain aspiring, for some illusively ambitiously so, to political power. But once obtaining such political power it has never been clear what they want to do with it, based on…

15 Dec

President hands over 89 MHDP houses in Swakopmund

info_e12wt4csNational NewsPresident hands over 89 MHDP houses in Swakopmund

Niël Terblanché Namibia took a significant step forward when President Hage Geingob handed over 89 houses constructed under the Mass Housing Development Programme (MHDP) to a group of fortunate recipients in Swakopmund. “Today is yet another step forward in the government’s quest for National Housing Delivery. In this Year of Revival, we have managed to accomplish quite a lot, notwithstanding our economic realities. One thing is for sure: No matter what challenges we have faced, are facing, and may face in the future, I can confidently reaffirm our government’s unwavering commitment towards the provision of decent and affordable houses and…

15 Dec

Namibia is on track with economic recovery and stability

info_e12wt4csNational News

Niël Terblanché Namibia is currently navigating a path of economic recovery by focusing on preserving macroeconomic stability, advancing structural reforms, and protecting its most vulnerable citizens which is crucial for fostering private sector-led inclusive growth. This approach is also seen as key to reducing the persistent challenges of unemployment and inequality in the country. In a recent assessment by the International Monetary Fund (IMF) during its 2023 Article IV Consultation, Namibia has shown remarkable resilience against global economic shocks. According to the IMF’s findings, the country has effectively managed the adverse effects of the COVID-19 pandemic and the ongoing geopolitical…

15 Dec

PM calls for human rights-centred development policies in Geneva

info_e12wt4csNational News

Niël Terblanché Namibia’s challenges in accessing global capital markets, exacerbated by factors such as exchange rate and market volatility came under scrutiny at the Human Rights 75 high-level event in Switzerland. The country’s classification as an upper-middle-income country is limiting its access to developmental assistance because of stringent loan conditions that are not centred on human rights. Dr Saara Kuugongelwa-Amadhila, the Prime Minister of Namibia, while chairing the third roundtable discussion at the event marking the 75th anniversary of the Universal Declaration of Human Rights (UDHR) in Geneva said that there is an urgent need to address global inequalities and…