Observer – Page 617 – Windhoek Observer

14 Jun

Old Mutual invests in housing development

ObserverNational NewsN$300 million, Old Mutual Investment Group Managing Director Lionel Kannemeyer, Old Mutual invests in housing development

Martin Endjala The Old Mutual has so far sourced out more than N$550 million for a new Infrastructure Fund. The company has invested more than N$200 million in land servicing projects in Windhoek, Swakopmund, Otavi and Walvis Bay. A further N$300 million for combined land servicing and affordable housing were invested in Otjiwarongo with 300 plots developed and 292 houses to be delivered. In Rundu 116 erven and more than 32 housing units delivered and in Mariental 56 plots were developed anew and 206 houses completed. This was revealed by the Old Mutual Investment Group Managing Director Lionel Kannemeyer over…

11 Jun

MIT to train 375 entrepreneurs

ObserverNational NewsElijah Mukubond, Entrepreneurship Technology Office (EMPRETEC), MIT to train 375 entrepreneurs, RAISSO Book Society

Obrein Simasiku The Ministry of Industrialisation and Trade (MIT) will undertake regional training to capacitate unemployed youth with basic entrepreneurial development skills. The training will be done through its Entrepreneurship Technology Office (EMPRETEC) programme. MIT's chief information officer Elijah Mukubonda, said RAISSO Book Society, an association of unemployed youth mainly volunteers, requested the Ministry to conduct training for its active members involved in different socio-economic activities in the region. MIT will take this very important training to all 14 regions focusing specifically with the development of business plans and other necessary documentations essential to enable the youth to access funding…

11 Jun

Namibia advances eight places on small businesses index

ObserverNational NewsGlobal Ecosystem Index for Small Businesses, Namibia advances eight places on small businesses index, Start-Up Namibia

Tujoromajo Kasuto Namibia’s start-up companies, although in their infancy, show promise for the future, as the country continues its growth trajectory, improving its position by eight places to rank 91 overall after joining the Global Ecosystem Index for Small Businesses in 2021. It is ranked second in Southern Africa and eleventh in Africa, up two positions from 2021. A start-up company is a newly formed business with particular momentum behind it, based on perceived demand for its product or service. The intention of a start-up is to grow rapidly as a result of offering something that addresses a particular market…

11 Jun

Bank Windhoek leading Namibian brand surge

ObserverNational NewsAfrica’s Best Brands, Bank Windhoek leading Namibian brand surge, Brand Africa, Carmen-Rae Bridgens

Martin Endjala Bank Windhoek continues to make strides in impacting community lives, driven by its aspirations in collaborating with its partners, has proven to have positively impacted the community through Its various interventions in which the Bank has reaffirmed that it is fully committed in providing an inclusive satisfactory living standards for its clients and its community. Bank Windhoek’s Head of Brand Marketing, Carmen-Rae Bridgens, said this during the Brand Africa recognition of Bank Windhoek, as the most Admired Namibian Financial Services Brand, at an annual event hosted in Windhoek, which unveiled the leading brands in Namibia for 2022. Bank…

11 Jun

Namibian brands recognised in Africa

ObserverNational NewsBank Windhoek, Mshasho (#1 Apparel), MTN, Namibian brands recognised in Africa

Martin EndjalaMTC and Telecom won the number one overall telecommunications, while NBC won the overall Media, Namibmills (#1 Consumer), Bank Windhoek (#1 Financial Services), Mshasho (#1 Apparel), Nammilk (#1 non-alcoholic beverages) and Windhoek Lager (#1 alcoholic beers) are the leading Namibian brands by category. MTC was also named the Number One brand that symbolizes African pride. The local results edition follows the global release of the 12th annual Brand Africa 100: Africa’s BestBrands 2022 rankings of the Top 100 most admired brands in Africa which was unveiled on 25th May2022, Africa Day, in Lagos, Nigeria. During the Africa event in…

10 Jun

‘Caprivi’ group says no threat to peace

ObserverNational NewsAlufea Sampofu, Edwin Samati, Mishake Muyongo, ‘Caprivi’ group says no threat to peace

Obrein SimasikuThe Caprivi Concerned Group says they are advocating for dialogue and a referendum in the Zambezi Region and is no threat to peace, security and stability of the country. They were responding to accusations by the Regional Governor in his State of the Region Address that they are advocating, campaigning and mobilizing for the banned United Democratic Party (UDP) of Mishake Muyongo.Alufea Sampofu said that the actions of the group ‘’are aimed to secede the Zambezi Region from the rest of Namibia, thus destabilizing peace, stability and security of the country. Some of the returnees from Dukwi-Botswana are also…

10 Jun

Katima ropes in “Redforce” to recoup N$145 million debt

ObserverNational NewsKatima ropes in "Redforce" to recoup N$145 million debt, Raphael Liswaniso, Redforce Debt Collection

Obrein Simasiku The Katima Mulilo Town Council has enlisted the services of Redforce Debt Collection to assist in collecting the soaring N$145 million debt owed to it by the residents in water, land, rates and taxes. Redforce is contracted for five years and is expected to recover 100 percent outstanding debt. Approximately 80 percent of residents are defaulters, out of a total of 7200 ratepayers inclusive of residential and businesses. "At the moment we do not have a definite number of indebted households as we are still busy sorting and enlisting them, but certainly they are over 3000. This includes…

PM to act on govt agencies not<br>supporting youth entrepreneurs

10 Jun

PM to act on govt agencies not
supporting youth entrepreneurs

ObserverNational NewsDevelopment Bank of Namibia (DBN), PM to act on govt agencies not supporting youth entrepreneurs, Saraa Kuugongelwa Amadhila

Obrein Simasiku/Martin Endjala Prime Minister Saraa Kuugongelwa Amadhila has encouraged young entrepreneurs who feel side-lined by government agencies and ministries to report to her office. She said if their products or services are not considered for procurement while they are of good quality standards, they should not hesitate to call on her office, Prime Minister, Saara Kuukongelwa-Amadhila said. ‘’There are products that government uses regularly and on a daily basis, but such are sourced outside, however if you meet the standards as an entrepreneur locally, there is no need of these ministries to procure such from abroad. If you meet…

10 Jun

Academics’ performance to be put under scrutiny

ObserverNational NewsAcademics’ performance to be put under scrutiny, Ndjoze-Ojo, Tangeni Iyambo, UNAM and NUST

Martin Endjala Contracts and conditions of employment of tertiary institutions trainers, both academic and vocational, will be put under scrutiny if a motion tabled in the National Assembly is passed. A motion tabled on 2 March 2022 in parliament by SWANU president Tangeni Iyambo is aimed at discussing among other the retirement ages of academics and vocational trainers at all Universities and high learning institutions. The motion wants the retirement age of lecturers at UNAM and NUST be adjusted and uniformed. Currently, retirement age for Unam academics is 60 years, while NUST has set its at 65 years. Swapoi MP…

Kandjii dies in Police custody<br>…family wants answers

09 Jun

Kandjii dies in Police custody
…family wants answers

ObserverNational NewsAmbrosius Kandjii, Kaitira Kandjii, Kandjii dies in Police custody …family wants answers

Obrein Simasiku The nation is mourning the death of former Swapo councillor for the Katutura Central Constituency and Parliamentarian Ambrosius Kandjii, died in a Gobabis hospital this morning following a short illness. Kandjii is said to have suffered from stomach cramps, according to a family member, Kaitira Kandjii, who confirmed his death to the Windhoek Observer. Kandjii died in police detention since December. The family is now seeking to engage the Namibian police, as the deceased fell ill while under their care. Kandjii was admitted to a private hospital on 23rd May and then transferred to the Gobabis State Hospital…