Observer – Page 486 – Windhoek Observer

31 Jul

Newly appointed Labour Advisory Council tofocus on unemployment

ObserverNational NewsLabour Advisory Council, Newly appointed Labour Advisory Council tofocus on unemployment

Stefanus Nashama The newly inaugurated Labour Advisory Council says that it will prioritise and create solutions that will address the high unemployment in the country. The Council is a tripartite body tasked with advising the minister of Labour, Industrial Relations and Employment Creation on issues facing the industry. The 15th Labour Advisory Council was inaugurated in Windhoek last week and the former Executive Director in the Ministry of Labour, Industrial Relations and Employment Creation, Bro-Matthew Shinguadja, will chair the body. The 13-member Council will serve a three-year term and is drawn from the state, registered trade unions and employer’s organizations.…

31 Jul

Cooperation holds the key to peace and prosperity

ObserverNational NewsAfrican Continental Free Trade Area (AfCFTA), Cooperation holds the key to peace and prosperity

Niël Terblanché The success of the African Continental Free Trade Area (AfCFTA) is highly dependent on strategic partnerships with countries and governments from around the world. The Vice President of Namibia, Dr Nangolo Mbumba addressed delegates to the Russia Africa Summit and said the African continent has set itself ambitious goals and flagship projects to propel the continental development, as enshrined in Agenda 2063.“One of those flagship projects is the AfCFTA which was launched in 2021. We encourage the Government of the Russian Federation to provide the necessary support to the African Union Member States as we implement this continental…

31 Jul

The City of Windhoek approves theestablishment of two new townships

ObserverNational NewsThe City of Windhoek approves theestablishment of two new townships

Martin Endjala The Municipal Council of Windhoek has approved the layout, the need, and the desirability to establish a township on Farm 1033 (a portion of Farm 999) that will be known as Otjomuise Extension 14. The township is designated for low-income groups and will serve as a relocation site for people from overcrowded informal settlements during the upgrading phase. The site Farm 1033 is located along Matshitshi Street, southwest of the Goreangab Dam and north of Otjomuise Extension 10. The farm is 35.8 hectares in extent comprising 126 erven was created as a result of the subdivision of Farm…

30 Jul

A Radical Revolutionary Redefining African Artistry

ObserverFeaturedA Radical Revolutionary Redefining African Artistry

Nora Chipaumire, the Zimbabwean “rock star of downtown dance,” has emerged as a beacon of radical and revolutionary artistry, challenging stereotypes, and empowering African artists. Until recently, her name may have been unfamiliar to many, but once you delve into her work, you’ll find a transformative journey that redefines the very essence of contemporary African art. A Voice for Empowerment and DecolonizationBorn in Rhodesia in 1965, Nora Chipaumire has garnered numerous awards for her groundbreaking contributions to contemporary art. Her bold approach challenges preconceived notions about Africa, shedding light on the power of the black performing body and its unique…

30 Jul

Artist in the spotlight:Takudzwa Mukesi

ObserverFeaturedArtist in the spotlight:Takudzwa Mukesi

Takudzwa Mukesi is a 22year old Zimbabwean national living in Namibia. He is an all-round senior architectural technologist, artist, and researcher. He has completed his bachelor’s and honors degrees in architecture and currently pursuing his master’s in architecture at the Namibia University of Science and Technology. He makes visual art and architectural explorations under the name skeptic world. Takudzwa makes use of different fields in visual representation and communication that include architecture, video art, photography, graphic design painting, model building, graffiti, fashion design visual art. He has worked on institutional projects for the Namibia and the City of Windhoek that…

30 Jul

Tuafi and the Art of Marketing

ObserverFeaturedTuafi and the Art of Marketing

Tuafi Shafombabi is a Communications and Marketing Specialist currently employed at the National Housing Enterprise (NHE) as Acting Corporate Communication and Marketing Manager. She has experience in brand management, corporate communication, stakeholder relations and social responsibility. With vast experience within the mining, agriculture, ICT and construction industry she has demonstrated public relations. A passionate and certified Public Relations specialist accredited by PRISA (Public Relations Institute of South Africa).She holds a Media Management postgraduate Diploma from Rhodes University, an Honours Bachelor’s degree in Journalism and Communication, A National Diploma in Journalism and Communication Technology from the University of Technology (NUST), a…

28 Jul

Namdia to pay N$300m dividend

ObserverFeatured, Observer MoneyNamdia to pay N$300m dividend

CHAMWE KAIRA Namib Desert Diamonds (Pty) Ltd or Namdia is expected to pay N$300 million in dividends to the government in the current financial year, the company revealed this during a presentation on Monday. In 2021/22, the company declared a dividend of N$150 million compared to N$40 million the previous year. In the 2019/20 financial year, Namdia declared a profit of N$80 million compared to N$50 million in 2018/2019. The company has been growing its profit after tax from N$61 million in 2016/2017 to N$409 million in 2022/2023 in 2022/2023. The amount of carats sold by the company has increased…

28 Jul

BoN expected to follow SA rate decision

ObserverObserver MoneyBoN expected to follow SA rate decision, Lesetja Kganyago, South African Reserve Bank

CHAMWE KAIRA Simonis Storm Securities expects the Bank of Namibia to keep the repo rate unchanged or will hike it by 25 basis points at its next monetary committee meeting on 16 August. Last week, South African Reserve Bank decided to keep the repurchase rate at its current level of 8.25% per year. The Bank of Namibia on 14 June increased the repo rate by 50 basis points to 7.75 percent “Initially we had expected the South African Reserve Bank to hike by 25 basis points, but SARB has aligned their decision with the Fed, and was further supported by…

28 Jul

NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1,32 billion in taxes

ObserverFeatured, Observer Money32 billion in taxes, NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1

The Confederation of Namibian Fishing Associations has said according to its estimates the fishing industry contributed N$1,32 billion dollars in taxes and levy contributions to the state coffers in its last assessment of the fishing industry. Namibia Revenue Agency (NamRA) executives expressed concern on what was said to be the minimal contribution of the fishing sector in taxes. Despite its massive size, NamRA officials said the fishing industry’s contribution to tax revenue was one of the lowest of major industries. Figures presented by NamRA Commissioner, Sam Shivute during a meeting with President Hage Geingob showed that compared to other key…

28 Jul

FlyNamibia looking to partner foreign carriers…Plans to link Hosea Kutako with Maun, Gaborone and Durban

ObserverObserver MoneyFlyNamibia looking to partner foreign carriers…Plans to link Hosea Kutako with Maun, Gaborone and Durban

Andre Compion, the CEO of FlyNamibia talks to Observer Money about the progress the airline is making on the market. He also talks about the process to join IATA and plans to fly to Maun, Gaborone and Durban. CHAMWE KAIRA (CK): Describe the current business status of FlyNamibia, how is the company performing at the moment? ANDRE COMPION (AC): FlyNamibia is currently performing well. Over the past year, we have dedicated significant efforts to obtain our IOSA certification, which will allow us to become an IATA member. This week, we are excited to be joining the Global Distribution System (GDS),…