Windhoek Observer

11982 Posts
Momentum Metropolitan sees strong earnings growth
02 May

Momentum Metropolitan sees strong earnings growth

Observer Money
Momentum Metropolitan Namibia, a subsidiary of Momentum Metropolitan Holdings has announced robust earnings for the interim results six months ending 31st December 2023. The company said despite challenges, the group’s performance reflects resilience and adaptability, with solid contributions from Namibia. The results showed that the Momentum Metropolitan Africa experienced a notable increase in normalised headline earnings, reaching R284 million, a testament to the group’s robust performance. This growth was particularly bolstered by enhanced investment income from Namibia, showcasing the significant contribution of the Namibian market to the group’s overall success, the company said. Sakaria Nghikembua, CEO of Momentum Metropolitan Namibia,…
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Significant volatility in uranium prices
02 May

Significant volatility in uranium prices

Observer Money
Bannerman Energy Ltd, which is developing the Etango project in the Erongo region has said uranium sector saw significant volatility in the first quarter of 2024. Bannerman said TradeTech's spot price indicator, which began the year at US$91.00 per pound of uranium oxide rose to US$107 per pound in early February before falling to US$87.00 by the end of the quarter. TradeTech's long-term uranium oxide price indicator showed consistent monthly growth during the quarter, increasing by 17% from US$68 per pound to US$80 per pound at the end of March. This brought the long-term indicator to a 15-year high. The…
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Air cargo posts fourth month of double growth
02 May

Air cargo posts fourth month of double growth

Observer Money
The International Air Transport Association (IATA) released data for March of global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs), rose by 10,3% compared to March 2023 levels (11,4% for international operations). This is the fourth consecutive month of double-digit year-on-year growth. Capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 7,3% compared to March 2023 (10,5% for international operations). “Air cargo demand grew by 10,3% over the previous March. This contributed to a strong first quarter performance which slightly exceeded even the exceptionally strong 2021 first quarter performance during the…
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02 May

Nashua Junior Franchise Cricket Tournament Kicks Off with Exciting Matches

Sports
The Nashua Junior Franchise Cricket Tournament began with a bang at the High Performance Oval, showing impressive skills of U14 players in Namibia. With the U19 category set to start at Untied Cricket Ground on May 10th, the tournament promises to be a thrilling playground for the young cricket talent. The U14 matches displayed exceptional skills, with Cricket Namibia providing a unique broadcasting experience, including live coverage with full commentary, to give youth cricketers a platform to shine. The opening game on Friday, April 26th, between the KFC Wildcats and the Stadio Jets, set the tone for the tournament, with…
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Unchecked market dominance impedes competition – CRAN
01 May

Unchecked market dominance impedes competition – CRAN

National News
Martin Endjala The Communications Regulatory Authority of Namibia (CRAN), says unchecked market dominance could impede competition, stifle innovation and limit consumer choice. CRAN chief executive officer, Emilia Nghikembua, said this during a public discussion on the impact of market dominance on various aspects of the telecom industry. The discussion was held in Windhoek recently. "Market dominance isn't just a theoretical concern; its real-world consequences can be felt by consumers through restricted choices, higher prices, and lower service quality. By actively monitoring and regulating market dynamics. Nghikembua added that CRAN is addressing these issues, with the aim of fostering a more…
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Integrated food system project launched to boost agriculture
01 May

Integrated food system project launched to boost agriculture

National News
Niël Terblanché In an exciting development for Namibia's agricultural sector, the Ministry of Agriculture, Water and Land Reform (MAWLR), in collaboration with the World Food Programme (WFP) and other partners, launched the Bernafay Farm Integrated Food System Project. The initiative was inaugurated on 30 April by Ndiyakupi Nghituwamata, the executive director of MAWLR, at the Bernafay Resettlement Farm just outside Stampriet in the Hardap Region. The project, which represents a significant investment of nearly N$1.4 million, aims to revitalize local agriculture through the development of an orchard with over 200 fruit trees, alongside expansions into horticulture and lucerne production. “This…
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Namibia aims to strengthen tourist safety campaign
01 May

Namibia aims to strengthen tourist safety campaign

National News
Niël Terblanché The devastating bus accident on the C214 Road between Walvis Bay and the Kuiseb River Canyon last Wednesday that resulted in the deaths of two Portuguese tourists and left several others injured has cast a new light on the need for a comprehensive campaign to ensure the safety of tourists. Pohamba Shifeta, the Minister of Environment, Forestry, and Tourism, expressed his deep regret over the incident. "This accident is both regrettable and unfortunate, and we are deeply saddened by the loss of life," he said in a statement. He stated that the Namibian government is committed to ensuring…
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Police warn against forgery of academic documents
01 May

Police warn against forgery of academic documents

National News
Hertta-Maria Amutenja The Namibian Police have issued a warning against the forgery of academic documents. The spokesperson for the Namibian Police, Deputy Commissioner Kauna Shikwambi, issued the warning after the arrest of a cadet constable on Monday at the Ruben Danger Ashipala Police Training Centre in the Oshana Region. “Forgery and uttering are criminal offences, and therefore applicants to whatever position in the public service should desist from forging documents because it is a criminal offence. Once detected, the law applies accordingly. This is how serious it is. Hence, the charging of the cadet constable,” said Shikwambi. Yule Nashidhiga (28)…
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Mariental Municipality suspends water for gardens
01 May

Mariental Municipality suspends water for gardens

Featured
Martin Endjala The Mariental Municipality has suspended the supply of garden water (semi-reticulated water), as of 30 April until further notice. According to the municipality chief executive officer, Paul Nghiwilepo, the suspension of supply of unpurified water is due to the low level of the Hardap Dam, which currently stands at 12.3% as of 22 April. In a telephonic interview on Tuesday, Nghiwilepo said the decision to suspend the supply of garden water, was to preserve the supply of purified water for human consumption. "Unlike other towns, Mariental has a dual system of water. In some of the properties or…
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