Windhoek Observer – Page 647 – Windhoek Observer

31 Oct

DBN records a net loss of N$270 million

National News

Martin Endjala Development Bank of Namibia has recorded a net loss of N$270 million during the 2022/23 financial year compared to last year’s net loss of N$184.5 million. The loss is attributed to the COVID-19 pandemic, high inflation rates and poor economic performance amongst others.This is according to DBN’s Chief Executive Officer John Steytler, at the launch of the bank’s 2022/23 integrated annual report yesterday in Windhoek. “In today’s rapidly changing world, businesses have faced a multitude of challenges, from climate change to social inequality, from technological disruption to regulatory shifts, the landscape is more uneven than ever before,” he…

31 Oct

Amupanda sows fears of colonialism

National News

Niël Terblanché Job Amupanda stepped back into his activist shoes and started sowing fear about a new agreement between Namibia and the European Union. In a video clip released on his social media platforms, he criticised the Namibian Government for allegedly selling the country to the Europeans down the road. In his video, Amupanda referred to the recent visit of President Hage Geingob and his delegation to Brussels where Namibia affirmed its commitment to fostering a transparent partnership with the European Union (EU) in the transition to cleaner energy sources, with a significant emphasis on green hydrogen and critical raw…

31 Oct

PDM remembers the national anthem composer as a true luminary of music

National NewsPDM remembers the national anthem composer as a true luminary of music

The leader of the official opposition, McHenry Venaani, said the Popular Democratic Movement (PDM) mourns and remembers the composer and writer of Namibia’s National Anthem, Axali Doëseb, as a true luminary of music. Venaani, over the weekend, expressed his sadness on the loss of Doëseb saying: “Namibia has lost a musical virtuoso, a conductor, and a composer who left an indelible mark on Namibian nation’s artistic heritage”. According to the family, Doëseb (69), died last week Friday morning after he was admitted to the Lady Pohamba Private Hospital on Thursday night. Doëseb was known for the role he demonstrated in…

31 Oct

PM calls for local business promotions in regions

National NewsPM calls for local business promotions in regions

Martin Endjala Prime Minister Saara Kuugongelwa-Amadhila, has cited the need to promote business activities across the country and nurture local businesses in different parts of the country to position them for growth. She said that this is the only way to ensure equitable economic growth and development, thereby lauding the notable efforts being made by various regions and local authorities to harness the potential of business expositions to promote local development in their localities. “The government continues to call on local authorities and public enterprises to leverage innovative funding models to expedite the realisation of agreed public interventions. This becomes…

31 Oct

Exciting cruise liner season expected in Walvis Bay

National NewsExciting cruise liner season expected in Walvis Bay

Niel Terblanche Great excitement is brewing in the tourism circles of Namibia’s Erongo Region as the Namibian Ports Authority prepares to welcome a fleet of ten massive cruise liners to the picturesque port of Walvis Bay. The 2023 cruise liner season was officially launched with the arrival of the Vasco da Gama-Nicko Cruises passenger liner on Sunday morning. This event marked the beginning of what promises to be a remarkable tourism season for the region. The Vasco da Gama-Nicko Cruises passenger liner, a vessel measuring 219 meters in length, operates under the flag of Switzerland. According to Elias Mwenyo, the…

30 Oct

“Mid-term budget is used for Swapo election campaign”

MainMid-term budget is used for Swapo election campaign

Martin Endjala Former Member of Parliament and Rally for Democracy and Progress (RDP) President, Mike Kavekotora, has raised concerns that the mid-term budget, expected to be presented in Parliament by Finance Minister Iipumbu Shiimi next week, is being used as a political tool by the Swapo party for the upcoming elections. Kavekotora voiced his opinions during an interview with the Windhoek Observer in response to Minister Shiimi’s announcement in Parliament this week regarding the mid-term budget presentation. However, Kavekotora expressed dissatisfaction with the announcement, describing it as “lip service.” He argued that instead of focusing on the pressing needs of…

30 Oct

Israel’s attacks in the Gaza Strip amounts to a genocide: Gertze

National NewsIsrael’s attacks in the Gaza Strip amounts to a genocide: Gertze

Niël Terblanché Namibia’s Ambassador and Permanent Representative at the United Nations, Neville Gertze, delivered a blistering critique of Israel’s actions in the Gaza Strip during a recent address to the General Assembly, labeling them as genocide and calling for immediate global intervention. Gertze’s strong words come amidst a backdrop of escalating violence and international condemnation. He condemned Israel for its policies and practices that he argued run contrary to relevant Security Council resolutions, international humanitarian law, and international human rights law. He stressed the need for the United Nations, particularly the Security Council, to fulfill its mandate of maintaining international…

30 Oct

Uranium One Group gets an environmental clearance certificate

Energy, Observer Money

Martin Endjala The Ministry of Environment Forestry and Tourism has issued an Environmental Clearance Certificate (ECC) to Uranium One Group a subsidiary of Rosatom to construct a field laboratory on farm Tripoli where its main field operations are for its headspring iunvestment in Namibia. The company Mining Projects and Executive Director Kirill Egorov-Kirillov, made this announcement last week in Windhoek while providing an update on the mining company’s latest activities. He confirmed that all due processes regarding the Environmental Impact Assessments were followed and that the company has once again illustrated that it is following all of Namibia’s laws, rules…

30 Oct

An exclusive interview with Selma Usiku an Exploration Geologist

FeaturedAn exclusive interview with Selma Usikuan Exploration Geologist

Selma Usiku is an Exploration Geologist for Debmarine Namibia, Namibia’s leading marine diamond recovery company, globally acclaimed for its groundbreaking work in marine diamond exploration and cutting-edge technology. Recently, Selma was recently appointed to the Board of Directors of Eco Atlantic Oil & Gas, an independent oil and gas exploration company with strategic acreage interests in Namibia, South Africa and Guyana. Before embarking on her remarkable journey in the diamond exploration and recovery sector in October 2021, Selma forged a path of excellence within the Oil and Gas industry. She served as a Senior Exploration Geologist at Eco Atlantic and…

30 Oct

Informal electrification will cost CoW millions each year

National News

Martin Endjala Despite grappling with financial challenges, the Windhoek Municipal Council has set a target to provide electricity to 4,000 informal households over the next few years, necessitating a budget ranging from N$15 to N$20 million. Deputy Mayor of the city council, Magdalena Lombardt, made this announcement last week during the inauguration of the informal area electrification project in the Khomasdal Constituency, specifically in Otjomuise Extension 6 and 7, phase two. Lombardt disclosed that the council has approved a revised five-year electrification plan to guide the implementation of Electrification Projects for the next five years (2023-2028), with an estimated target…