info_e12wt4cs – Page 471

17 Nov

Oryx to expand portfolio to N$4.5 billion

info_e12wt4csObserver MoneyOryx to expand portfolio to N$4.5 billion

Chamwe Kaira Oryx Properties plans to expand its property portfolio from N$3bn to N$4.5bn by 2025. In addition, it will considerably diversify their portfolio in relation to existing concentration. Oryx recently partnered with RMB Namibia on landmark acquisition of Dunes Mall acquisition of Dunes Mall in Walvis Bay, in a landmark transaction worth N$630 million. Oryx Properties is the largest property fund in Namibia. This strategic deal sees Oryx expand its retail asset portfolio, with RMB providing debt funding of N$500 million to realise the acquisition and refinance an existing N$100 million loan. RMB said was able to secure the…

17 Nov

Toyota remains popular selling car

info_e12wt4csObserver Money

Toyota remains the leader in the Namibian automotive industry, accounting for 50 percent of total sales. Volkswagen follows with a meagre 11 percent of the market share, while Ford accounts for 7 percent. Consumer demand for Toyota vehicles outperform the market, mainly due to its reliability and longevity aspects which are cheered by market participants, according to Simonis Storm Securities. Since the start of the year, vehicle sales have fared comparative, even exceeding pre-pandemic levels. Despite the current downward trend, influenced by financial constraints of households, Simonis Storm has maintained a positive outlook for 2024. The tourism sector, fostering a…

17 Nov

Rhino to drill 10 exploration wells

info_e12wt4csObserver MoneyRhino to drill 10 exploration wells

Rhino Resources Namibia Ltd is applying for an Environmental Clearance Certificate (ECC) to drill up to 10 exploration or appraisal wells within Block 2914A, documents obtained from the company have shown. Rhino and its partners hold an Exploration Right (PEL0085) over Block 2914A, located off the coast of southern Namibia. The block is located approximately 260 km south-southwest of Lüderitz and 140 km west-southwest of Oranjemund at its closest point, in water depths between 200 meters and 1800 meters. Rhino Resources is a private company exploring for energy sources and helium in Africa. In South Africa, Rhino is exploring onshore…

17 Nov

Langer Heinrich to have 17-year life of mine …. Mine to produce 4 percent of global uranium

info_e12wt4csObserver MoneyLanger Heinrich to have 17-year life of mine …. Mine to produce 4 percent of global uranium

Chamwe Kaira The restart of production at the Langer Heinrich Mine builds on the 10-year production history of the asset. The project has reserve life to support 17 years of operations with annual peak production representing around 4 percent of annual global uranium production. Paladin Energy Ltd’s chairman, Cliff Lawrenson has said its plans are on track to execute the strategy of returning of the Langer Heinrich Mine to production early next year. “The role of nuclear power in providing energy security and combatting global warming is becoming increasingly important. Geopolitical events and increasingly urgent decarbonisation measures are amplifying pressures…

17 Nov

Sky the limit for gold miners

info_e12wt4csObserver Money

Chamwe Kaira Namibians who have been trained and worked at the B2Gold’ s Otjikoto gold mine can apply their skills elsewhere in the world should they lose their jobs at the mine. Officials of B2Gold Namibia said this week that these skills enabled Namibians to work on the construction of the Fekola Mine in Mali. The mine, which is also owned by B2Gold is located in southwest Mali, on the border between Mali and Senegal, approximately 500 km due west of the capital city, Bamako. The mine was opened in 2017. “When we did the construction of the Fekola mine…

17 Nov

9th Edition of Dr. Hage Geingob Cup 2023: ASpectacle of Diversity, Legends, and Anticipation

info_e12wt4csSports9th Edition of Dr. Hage Geingob Cup 2023: ASpectacle of Diversity, and Anticipation, Legends

Windhoek, Namibia – Saturday 17, November 2023, promises to be an exhilarating football extravaganza, set to captivate fans with a dynamic range of activities. The 9th Edition of the Dr. Hage Geingob Cup tournament, scheduled to unfold at the Independence tomorrow morning, is poised to showcase the diversity and inclusive spirit of the beautiful game. The spotlight will be on youth football as Hopsol U17 Winners River Heights and CBA gear up for an intense clash, promising to be a display of raw talent and enthusiasm from emerging football stars. In a celebration of women’s football, FC Ongos is set…

17 Nov

Just Saying with Matts Haikali

info_e12wt4csSportsJust Saying with Matts Haikali

The fusion of passion and business in sports often neglects crucial aspects of sound business management, particularly in the domain of planning. I have noticed that it’s becoming increasingly evident that certain sports codes, in their fervor for competition and performance, continue to overlook the fundamental principles of effective planning. This oversight not only impacts administrative efficiency but also disrupts the entire ecosystem surrounding sporting events. Administrators within sports, whether at the club or organizational level, need to acknowledge the critical need for meticulous planning. Planning isn’t just for administrative purposes but also for the seamless execution of competitions. Without…

17 Nov

So-called new resettlement policy inherently fraught as capitalist invention

info_e12wt4csOpinionsSo-called new resettlement policy inherently fraught as capitalist invention

The 1991 First National Land Conference was definitely a lost opportunity in terms of putting the country’s land reform on a different pedestal albeit for a starter. One may have an understanding for this and leave with such a lost opportunity. Because it could have been and was expecting at best wonders for the country, only a year old then, to have taken any revolutionary decisions at the said conference in terms of land. Because then the historical-politico-socio and economic if not cultural significance of land, if only to some of the indigenous populace who during colonial penetration were dispossessed…

17 Nov

A Call for Action: Upholding the Commitment to 15% Domestic Funding for Health in Africa

info_e12wt4csOpinionsA Call for Action: Upholding the Commitment to 15% Domestic Funding for Health in Africa

Patience Masua& Emma Theofelus In 2001, in the historic city of Abuja, Nigeria, African Heads of State and Government gathered at a Special Summit to address the exceptional challenges posed by HIV/AIDS, Tuberculosis, and other infectious diseases. This gathering led to the Abuja Declaration, a unified vow to directly confront these challenges and gather resources for effective interventions. Now, more than two decades later, it is crucial to reexamine and reinforce this commitment, particularly the pledge to allocate a minimum of 15% of annual national budgets towards the enhancement and improvement of the health sector. The Abuja Declaration represented a…

17 Nov

RDP questions the quality of education from “mushrooming” higher learning institutions

info_e12wt4csNational News

Erasmus Shalihaxwe The Rally for Democracy and Progress (RDP) Member of Parliament, Kennedy Shekupakela, is not convinced that some institutions of higher education that keep popping up every year at the beginning of the academic period can offer quality education to Namibians. He demanded that the Minister of High Education, Innovation and Technology, Itah Kandjii Murangi, review how such institutions are granted registration and permission to give sub-standard education to young Namibians. Shekupakela made these remarks in the National Assembly this week while giving a notice of questions to Minister Murangi if she has noticed that most of such institutions…