Observer – Page 525 – Windhoek Observer

16 Mar

Central bank launches regulatory reporting system

ObserverNational News, Observer Money

Hertta-Maria Amutenja The Bank of Namibia yesterday launched an Automated Regulatory Reporting System, which the central bank says will assist in maintaining financial stability and mitigate risks. The system, according to BoN will further enhance data collection and analytics capabilities. It will be available to regulated and supervised entities licensed by the Bank to conduct banking, currency exchange, and payment service provision activities. The system is a first for Namibia and is effective 1 February 2023. The Governor of the bank, Johannes !Gawaxab said the system engenders confidence in and contributes significantly to the stability and soundness of the domestic…

15 Mar

Is Kandjeke irreplaceable?

ObserverMain

Martin Endjala A motion passed in parliament today, to reappoint Auditor General Junias Kandjeke, has sent the August house into an tense debate as opposition parties questioned the rationale behind reappointing the current AG for another five-year term, given the availability of other capable candidates like his Deputy Gommes Menette. Landless Peoples Movement Leader, Bernadus Swartbooi stressed that Kandjeke has raised concerns about not having the power to hold government sectors accountable, in that public finance sectors are said to be auditing themselves which, lessens the powers of the Auditor General. This will be Kandjeke’s third reappointment in the position…

15 Mar

No Namibian citizenship for Walvis Bay investors

ObserverNational NewsNo Namibian citizenship for Walvis Bay investors

Steve Nashama The Ministry of Home Affairs, Immigration, Safety and Security yesterday denied that it has introduced a policy that grants Namibian citizenship and permits to foreign nationals who purchase residential property in the “Presidents Links Estate” in Walvis Bay. The total investment value of the golf estate is set to be more than N$4 billion in which the project is expected to create over 2,500 temporary jobs and 1,300 permanent jobs. It will build over 700 low cost houses for Namibians, in addition to the homes constructed on the estate. In a statement, the Ministry’s Executive Director Etienne Maritz…

15 Mar

NSFAF, Welwitchia Health Training Centre sign agreement

ObserverNational NewsNSFAF, Welwitchia Health Training Centre sign agreement

Steve Nashama The Namibia Students Financial Assistance Fund (NSFAF) and Welwitchia Health Training Centre (WHTC), yesterday signed an agreement to strengthen the existing relationship between them and to ensure efficient service delivery to Students at the Centre. The Memorandum of Understanding was signed by NSFAF Acting Chief Executive Officer, Kennedy Kandume and WHTC Rector, Andreas Mwoombola at NSFAF Headquarters, Eros in Windhoek. Kandume pointed out that the agreement will see NSFAF providing WTHC with the names of NSFAF-funded students immediately after the award process has been completed and to make tuition fee payments to the WHTC directly. The agreement will…

15 Mar

The Ovambanderu ‘Game of Thrones’ finale in August.

ObserverFeaturedThe Ovambanderu ‘Game of Thrones’ finale in August.

Hertta-Maria Amutenja The High Court has reserved judgment in a matter in which the late Ovambanderu Chief Kilus Nguvauva sought an order declaring the establishment of the Hoveka Traditional Authority null and void. The judgment will be delivered in August. The application, lodged on behalf of the Ovambanderu Traditional Authority (OTA), is also seeking an order declaring the Chief, Trimuro Hoveka and Councilors illegitimate . This follows the government’s recognition of Turimuro Hoveka as Chief. The late Nguvauva approached the High Court in 2019 to challenge the government’s decision to recognize Hoveka as a traditional leader. The late Chief passed…

15 Mar

Cenored justifies lack of electricity connections

ObserverNational News

Martin Endjala The Chief Executive Officer of Cenored, Robert Kahimise said that a lack of funding is hampering the electrification of houses as the cost involved is too expensive. Kahimise expressed that the company is in dire need of sustainable funding for electrification in the Cenored areas which cover the Otjozondjupa region and part of Oshikoto region, as well as Omaheke and Kunene regions. The CEO made this revelation during consultations with the Parliamentary Standing Committee on Natural Resources last week. The committee was briefed on the regional electrification and challenges of the region in the areas of electricity connectivity.…

15 Mar

Warmbad, Rookoppies electrified

ObserverNational NewsRookoppies electrified, Warmbad

Steve Nashama The Karasburg East Constituency Councilor, Anseline Beukes on Tuesday handed over rural electrification connections worth N$ 1.9 million at Rooikoppies and Witdrift Warmbad rural areas, for the benefit of 18 households. The electrification includes street lighting services. In an interview with the Windhoek Observer, the Landless People’s Movement Councilor said that more than N$ 3.5 million was so far spent on rural electrification infrastructure. This includes rural sanitation projects. The same areas, she said were beneficiaries and 50 toilets were also constructed. She revealed that the second phase will soon commence, for rural sanitation in adjacent areas. A…

14 Mar

Namibia given 12 months to avoid FATF grey listing

ObserverMain

Hertta-Maria Amutenja Namibia has been given a year to resolve all findings in order to avoid a targeted Financial Action Task Force review. The country announced last month that it is making steady progress in addressing findings related to its Anti-Money Laundering and Combatting the Financing of Terrorism as well as the Proliferation Framework (AML/CFT/CPF) in order to maintain the integrity of the financial system. This is according to Kristian Hamutenya, the Acting Director of Financial Intelligence Centre, who said added that Namibia underwent a second peer review which was aimed at assessing the country’s compliance with the United Nations…

14 Mar

‘Amupanda’s Presidential Campaign a Joke’ – Pau Pau

ObserverNational News‘Amupanda’s Presidential Campaign a Joke’ – Pau Pau

Hertta-Maria Amutenja Paulus Kathanga, the suspended Affirmative Repositioning Movement head of elections, better known as Pau Pau has labeled former Windhoek Mayor, Job Amupanda’s plans to run for President in the November 2024 national elections a political stunt and a joke. “I have worked personally with the former spokesperson of the Swapo Party Youth League, Amupanda and ever since he left that youth league, he turned himself into a “Dear Namibia Electronic Social media Billboard” which is merely used for people’s entertainment and spreading rumors and propaganda. Therefore, people shouldn’t be surprised about Amupanda expanding from electronic billboards to physical…

Kuugongelwa-Amadhila visits Namdia for the first time<br>…Says Namibians should be beneficiaries

14 Mar

Kuugongelwa-Amadhila visits Namdia for the first time
…Says Namibians should be beneficiaries

ObserverNational Newsuugongelwa-Amadhila visits Namdia

Martin Endjala On her first visit to the Namib Desert Diamonds (NAMDIA), Prime Minister Saara Kuugongelwa-Amadhila said that NAMDIA is well positioned when it comes to adding value to the country’s most valuable resources, and that Namibia could capitalize on its well-branded diamonds across the globe. Kuugongelwa-Amadhila said that the government is on a good track in achieving the goals of Namdia since its establishment in 2016 by the Ministry of Mines and Energy, to trade Namibian rough diamonds directly in the international markets without using middlemen and not through De Beers, as is the case with the rest of…