Observer – Page 475 – Windhoek Observer

02 Jun

Deep Catch to open frozen food facility in Zambia

ObserverObserver Money

Deep Catch Group, the Namibian company, which is engaged in wholesale, distribution and cold storage of perishable foods in Namibia and the Southern African Development Community Region, plans to open a frozen food facility in Zambia. Jared-Dwight Geyser, founder and managing director of Deep Catch said the Zambian cold storage market is set to undergo a significant transformation with the opening of a new 5 500-pallet frozen food facility in September, Freight News reported. Deep Catch, which is a trading and logistics company has identified a gap in the market as there is currently no commercial cold storage facility for…

02 Jun

Paladin not aware of imminent proposed legislative changes

ObserverObserver Money

Chamwe Kaira Paladin Energy Ltd has noted recent commentary by the Namibian government regarding a potential desire for the Namibian Government to own a minority equity interest in mining and petroleum companies operating in Namibia, arising from comments made at a mining and energy Workshop in Swakopmund, Namibia. Paladin Chief Executive, Ian Purdy, Chief Executive Officer, said Paladin has regular ongoing dialogue with all relevant Namibian government ministries as it progresses with the restart of mining activities at the Langer Heinrich Mine. “The company confirms that it is not aware of any imminent proposed Namibian legislative changes that would affect…

02 Jun

NAC emergency drill successful

ObserverNational NewsNAC emergency drill successful

Niël Terblanché The Namibia Airports Company (NAC) has successfully completed a tabletop emergency drill at Andimba Toivo Ya Toivo Airport in Ondangwa. According to the NAC’s Marketing Officer, Dan Kamati said that the test was done to ensure that all the necessary participants in the Aerodrome Emergency Management System (AEMS) are trained up to standard and effective. Kamati said that the Andimba Toivo Ya Toivo Airport has an approved AEMS and added that it was developed in line with the requirements of Namibia Civil Aviation Regulations (NAMCARs). “The AEMS contains the requirements related to the training of the participants of…

02 Jun

There is a need to create more jobs

ObserverNational NewsThere is a need to create more jobs

Martin Endjala The Kavango East Regional Governor, Bonifatius Wakudumo believes that there is a dire need to evaluate industries which can create sustainable employment. He is of the opinion that with the proper implementation and establishment of Green Schemes, agriculture can be a huge enabler for addressing unemployment. The Governor said this while attending a public hearing on Youth Unemployment by the Parliamentary Standing Committee on Human Resources and Community Development on Wednesday. “Irrespective of the issues we have as political parties, the real issue here is youth unemployment,” said Wakudumo. The Governor pointed out that the region has the…

02 Jun

Stimulus Investments declares N$3.5m dividend

ObserverObserver Money, Uncategorised

Chamwe Kaira Stimulus Investments Limited has declared N$3.5 million (2022: N$ 9.3 million) as a final dividend to the preference shareholders. This translates into a dividend of N$ 0.76 (2022: N$2) per preference share based on 4,650,786 preference shares in issue. “The preference dividend amount represents the total realised cash returns of Stimulus, after adjusting for fair value gains, for the financial year ended 28 February 2023,” in financial results for the year ended 28 February. Stimulus total assets under management amounted to N$651.1 million (N$648.8 million) which included the sale of investments to the value of N$75.2 million during…

02 Jun

ANIREP delays publication of annual results

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Chamwe Kaira Alpha Namibia Industries Renewable Power Limited (ANIREP) has asked the Namibia Stock Exchange for an extension for the publication of audited annual results for the year ended 28 February 2023. The ANIREP Board of Directors told shareholders and the general public this week that the restatement procedures relating to the 2021 and 2022 financial years has delayed the preparation and finalization of the ANIREP’s financial statements for the year ended 28 February 2023. “Consequently, ANIREP will not be in a position to publish its audited financial statements for the year ended 28 February 2023 within 3 months, as…

02 Jun

Kenyan made car tested off road in Namibia

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Chamwe Kaira An adventurous couple, Paul Simkin and his wife Pauline Vaughan bought a Kenyan made car, Mobius 111 and decided to travel from the Kenyan capital, Nairobi through Southern Africa countries including Namibia. Simkin and Vaughan were this week still on their Southern Africa adventure. Their Namibian leg of the of the adventure was described as breathtaking. The couple drove off road in Namibia to experience the roads and the natural beauty of Namibia. “They are currently in Namibia enjoying the off-road experience with Mobius 111. The photos and scenes are breathtaking,” said Mobius Motors, the makers of the…

02 Jun

Weak promotion of local resources is a big concern

ObserverMainNamibia Revenue Agency (NamRA), Weak promotion of local resources is a big concern

Hertta-Maria Amutenja The Namibia Revenue Agency (NamRa) Commissioner Sam Shivute said for Africa to have economic sovereignty the continent needs to strengthen its domestic resource mobilization. Shivute said this earlier this week, while addressing the Southern African Customs Union (SACU) members’ signing of mutual recognition arrangement in South Africa. “If our tax administration, not only in our region but in Africa is weak we will have a failed state and we will not be in a position to enjoy peace and stability. The reason why we need to improve voluntary compliance is for us to grow our economy, to improve…

01 Jun

Diesel gets much cheaper in June

ObserverFeatured, Observer Money

Niël Terblanché The sharp upward curve in the cost of consumer goods in Namibia will flatten off with diesel prices that will be significantly cheaper as of next week Wednesday. The Ministry of Mines and Energy has announced that the price for petrol will remain unchanged while the pump price for 50 ppm diesel will decrease by 80 cents and 10 ppm diesel by 60 cents.The new fuel prices in Namibia will be implemented at midnight next Wednesday. As a result of the downward adjustment the price of 50 ppm diesel will be N$19.00 and 10 ppm diesel will be…

01 Jun

Regional conference on information and communication rights in Africa commences

ObserverFeaturedRegional conference on information and communication rights in Africa

Staff Writer The Namibia Media Trust (NMT) in collaboration with UNESCO, fesmedia and ACHPR is hosting a Three Day Regional conference on information and communication rights in Africa. During the conference, Information Minister Peya Mushelenga delivered a keynote address stating that Africa is guided by the African Charter on Human and Peoples’ Rights, which provides that Every individual shall have the right to receive information and that Every individual shall have the right to express and disseminate his opinions within the law.“Article 1 of the African Charter obliges States Parties to adopt legislative, or other measures to give effect to…