Windhoek Observer – Page 671 – Windhoek Observer

09 Feb

Elections to decide economic trajectory

Observer Money

The 2024 is a year of significant political import for Namibia, with presidential elections on the horizon. Elections are expected to be held in November this year and are expected to be contested by several parties including the ruling, Swapo party, which has ruled the country since 1990. The outcome of this democratic exercise will undoubtedly play a pivotal role in shaping the country's economic trajectory, Simonis Storm Securities has said. The firm said amidst these economic variables, the release of the NSA Census data promises to provide valuable insights into demographic trends and their implications for various sectors, from…

09 Feb

Standard Bank appoints new chairman

Observer Money

Standard Bank Namibia Holdings Limited has announced to its shareholders the appointment of Isac Tjombonde as the board chairman. The group said the appointment is with effect from 1 April 2024. Tjombonde currently holds the position of independent non-executive director in the Company. “Regulatory approval for the appointment was obtained effective 5 February 2024. Herbert Maier will stay on the board as an Independent non-executive director and will retire from the board of directors of SBN Holdings Limited and Standard Bank Namibia with effect 23 April 2024,” the group told shareholders. Furthermore, the group said Siphiwe Themba Bruce Madonsela has…

09 Feb

Airports expansion on the cards

Observer Money

Namibia Airports Company (NAC) is finalising the formal transfer of land at Rundu and Katima Mulilo Airports. The company further plans to expand the infrastructure, including construction of new terminal buildings at Lüderitz Airport, Rundu and Katima Mulilo. The NAC has celebrated a number of significant events over the 2022/2023 financial year, two of which was that the NAC hasbeen issued with substantive aerodrome certificates valid for the next two (2) years, in respect of Hosea Kutako International Airport (HKIA) and the Walvis Bay International Airport. The NAC said in a report that it is committed to improve its airport…

09 Feb

Ohangwena II water flow getting closer

Observer Money

CHAMWE KAIRA The Ohangwena II, part of the Ohangwena Aquifer System in Namibia, is nearing development stages, as indicated by NamWater's recent release of the Environmental and Social Impact Assessment (ESIA) and Environmental Clearance Certificate (ECC) reports. The Ohangwena Aquifer System, boasting a total groundwater volume of approximately 300 million cubic meters, stands as a significant water source, representing 60% of Namibia's total water resources. The project, funded by the African Development Bank, is considered a medium to long-term endeavor, with no immediate plans for decommissioning. The ESIA study acknowledges that decommissioning will be addressed in the future, necessitating a…

09 Feb

Geingob was a beacon of hope and unity for Namibian people and SADC – Katjavivi

MainGeingob was a beacon of hope and unity for Namibian people and SADC – Katjavivi

Erasmus Shalihaxwe The Speaker of the National Assembly Peter Katjavivi, has described former President Hage Geingob as not only a statesman of the highest order but also a beacon of hope and unity for the Namibian people and the entire Southern Africa Development Community (SADC) Region. Saying that Geingob’s dedication to the principles of democracy, justice, and equality paved the way for significant progress and unity within the Namibian nation and region at large. His unwavering dedication and tireless work for Namibian growth and prosperity will forever be remembered by the nation. “We honour the extraordinary legacy of this great…

09 Feb

A tribute to President Hage Geingob

Observer Money

SAKARIA NGHIKEMBUA We mourn the loss of an outstanding leader and a distinguished son of Namibia. His Excellency, Dr Hage G. Geingob, has left indelible footprints on the face of his beloved country, Namibia. Characteristically jovial and larger-than-life, President Geingob was a man of high moral and ethical principles. He believed in doing what is right for his country and people. He believed in inclusivity. He believed in, and advocated for, transparent leadership, independent and functioning organs of state,and media freedom, amongst other principles. He pronounced himself unequivocally on his principles and core beliefs. He pushed for the implementation of…

09 Feb

Geingob’s economic policies to continue

Observer Money

CHAMWE KAIRA Economic and investments polices that were championed by the late President Hage Geingob like the Harambee Prosperity Plan and the Green Hydrogen Initiative will likely continue under new President Nangolo Mbumba, a leading economist said this week. Economic analyst, Mally Likukela told Observer Money this week that these policies took many years to bring to life. “With a lot of investments in terms of money and time have gone into crafting and developing them, so I don't think time will be sufficient enough for him to change the trajectory or direction that Dr Hage Geingob left them. Besides,…

09 Feb

Report gives Namibian tourism a passing mark

National News

Niël Terblanché Alex Shimuafeni, Statistician General, Namibia Statistics Agency announce the release of the Tourism Satellite Account (TSA) for the year 2022, marking a pivotal moment for the country’s tourism sector. He said the comprehensive report, a product of collaboration between various government institutions and stakeholders within the tourism industry, highlights the direct economic impact of tourism on Namibia’s economy. The TSA, following internationally recognized methodologies by the United Nations World Tourism Organization, aligns with the System of National Accounts compilation methodology, offering a detailed analysis of tourism-related production and its integration across different economic sectors. The report aims to…

08 Feb

A man of remarkable presence and ability to connect- Guterres

National News

Martin Endjala United Nations Secretary-General, Antonio Guterres, during the General Assembly 55th plenary meeting of the 78th session in New York, on Wednesday, paid tribute to the late Namibian President Hage Geingob. “President Geingob was a man with a remarkable presence, and a remarkable ability to connect with everyone he met. I want to extend my sincere condolences to his family, and the government and people of Namibia. The United Nations stands with you in sorrow,” Guterres said. He stated that it is no exaggeration to say that Geingob dedicated his life to his country. As he recalled the image…

08 Feb

Namibia unveils Tourism Satellite Account Report 2022

National News

Hertta-Maria Amutenja Namibia marked the launch of the much-anticipated Sixth edition of the Tourism Satellite Account Report 2022. The unveiling underscores a pivotal achievement in Namibia's pursuit to comprehensively gauge the economic impact of tourism on the overall Namibian economy. Minister of Environment, Forestry, and Tourism, Pohamba Shifeta, hailed the occasion as a significant milestone, emphasising the report's role in understanding tourism's multifaceted contributions. Namibia's Tourism Satellite Account (TSA) Report 2022, built on the framework of the United Nations World Tourism Organisation (UNWTO), stands as a key tool for measuring the economic dimensions of the tourism sector. Shifeta highlighted its…