Windhoek Observer – Page 598 – Windhoek Observer

09 May

Retail had highest digital fraud attempt rate

Observer Money

CHAMWE KAIRA Fifty-three percent of Namibians surveyed in the TransUnion 2024 State of Omnichannel Fraud Report don’t trust that personal data would be secure. This was in response to the top reason consumers said they abandoned online application or form for a financial or insurance product. Six percent of Namibians surveyed said they fell victim to phishing while 41% said they were targeted but did not fell victim while 53% said they were not targeted. The Namibian retail industry was industry with the highest rate of suspected digital fraud. The rate of suspected digital fraud attempts in retail where the…

09 May

Paladin secures seven offtakes for uranium

Energy, Observer Money

CHAMWE KAIRA Paladin Energy, which owns the Langer Heinrich Mine has secured seven offtakes for its uranium production, the company announced this week. The company said strong demand for nuclear energy is driven by global decarbonisation worldwide. Paladin notes that nuclear energy is the second largest source of global clean energy with almost zero carbon emissions. It also noted that Chinese demand for nuclear energy is expected to grow from 15% to 33% of global requirements by 2040. Paladin said 19 million pound of uranium oxide production is contracted to the year 2030 representing 48% of volume. The company also…

09 May

Bread flour costs more in Khomas

Observer Money

The Zonal inflation rates for April revealed that, Zone 2 (Khomas region) recorded the highest annual inflation rate of 5,4%, followed by Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi regions) which recorded an inflation rate of 4,8% and Zone 3 (//Kharas, Erongo, Hardap, Omaheke regions) annual inflation rate was observed at 3.9%. Analysis of the average retail prices of selected products for the month of April revealed that consumers in Zone 1 paid the highest price for white bread flour (2,5kg) at N$55,91, followed by Zone 3 at N$52,99, while consumers in Zone…

09 May

Installed renewable capacity stands at 30%

Energy, Observer Money

CHAMWE KAIRA Namibia has excellent renewable energy resources, however, installed renewable capacity in the country is just over 30% of total generation, the World Bank has estimated. The bank now wants to help Namibia to strengthen the power grid, which it says is critical to enabling the integration of more variable renewable energy sources in the system. The World Bank is now planning to help Namibia to minimize outage risks, support load growth, and unlock future opportunities for power trade in the Southern African Power Pool. The bank said the US$138,5 million project funding by IBRD Fund for Innovative Global…

09 May

Namibia Asset Management profit to decrease

Observer Money

Namibia Asset Management (NAM) expects Earnings per share (EPS) and headline earnings per share (HEPS) for the six month-period ended 31 March to decrease between 15% and 25% (between 0.62 and 1.04 cents per share) when compared to the EPS (4.16 cents) and HEPS (4.16 cents) reported for the six month-period ended 31 March 2023. Fund management earnings per share (FMEPS) for the six month-period ended 31 March 2024 are however expected to decrease between 5% and 15% (by 0.15 and 0.45 cents per share) when compared to the FMEPS of 3.02 cents per share for the six month-period ended…

09 May

Small Stock Farming: The Imperatives

Opinions

Nichlas Mbingeneeko The previous article focused on how farmers and breeders need to take care of and look after stud rams. This article will focus on the marketing of commercial goats. As a matter of fact, quality is a primary pivot on which the success and profitability of small stock farming hinge. Genotype and phenotype underpin quality. Any goat that a farmer markets must be appealing in terms of genotype and phenotype in order to attract the attention of the buyer and consequently tilt the scale in favour of the seller. In tilting the scale in favour of the seller,…

08 May

Border delimitation consultation underway amidst election preparations

National NewsPetrus Unengu

Niël Terblanché The Namibian Boundaries Delimitation and Demarcation Commission, chaired by acting Judge Petrus Unengu, has embarked on a nationwide tour to demonstrate the government’s commitment to accurate and democratic electoral processes. The commission is currently in the process of conducting consultations and technical assessments in the various regions of Namibia, and in this regard, the government has urged all stakeholders, from community leaders to ordinary citizens, to cooperate and contribute to this essential national endeavour. The nationwide tour aims to ensure that the upcoming electoral processes are both fair and reflective of the nation's current state. The commission's national…

08 May

Police station commander of Leonardville arrested for stock theft

National NewsUrsula Binga

Hertta-Maria Amutenja An investigation into an incident of stock theft led to the arrest of Inspector Ursula Binga, the commander of Leonardville police station and wife of Gobabis local authority councillor Sylvester Binga. Inspector Binga was arrested on Monday for allegedly taking sheep that were meant to be in police custody for her personal use. Commissioner Andreas Haingura, the Omaheke Regional Police Commander, confirmed the arrest. Reports suggest that Binga was arrested two weeks after the case was registered, raising concerns about abuse of power within law enforcement. She allegedly used her authority, even enlisting the assistance of senior commanders,…

08 May

City of Windhoek and MTC join forces to fight crime

National NewsCity of Windhoek and MTC

Martin Endjala The City of Windhoek and MTC have cemented a strategic partnership aimed at deploying cutting-edge technology to assist the Windhoek City Police in preventing crime. The agreement was signed on Tuesday. MTC pledged its support for the city police by procuring Closed Circuit Television (CCTV) cameras and supporting equipment as well as assisting with the installation thereof. MTC managing director, Licky Erastus emphasised the role of technology in addressing societal challenges and advancing national development agendas. “The challenges that face society today require smart partnerships, the embrace of relevant technologies, and innovative approaches to solving them. Crime affects…

08 May

Redforce deal leads to suspensions at Walvis Bay municipality

National NewsFrans !Gonteb

Ester Mbathera The Walvis Bay municipality has suspended the finance general manager, Frans !Gonteb and Johanna Shidute, the manager for revenue and credit control. !Gonteb confirmed his suspension and added: "Yes, it's true, but I didn't get a letter yet. When I came to the office this morning, the acting chief executive told me in a very nice manner to go home because they decided as such yesterday.” He claimed to have received information that his suspicion stemmed from the Redforce Debt Management appointment to assist the municipality in collecting outstanding debt. In the local authority structures, procurement starts with…