info_e12wt4cs – Page 689

05 Jun

Two arrested on illicit drug charges

info_e12wt4csNational Newscannabis, Two arrested on illicit drug charges

Two men were arrested in Walvis Bay on charges related to dealing in illicit drugs, over the weekend. According to the arrest report provided by the Public Relations Division of the Namibian Police, the first suspect, a 23-year-old man, was arrested in the Kuisebmond neighbourhood when he was found with 256 grams of cannabis. The cannabis was of the Skunk variety and had an estimated value of N$12 800. The suspect was walking along Kaino Nendongo Street when police officers apprehended him. According to the report, the second suspect, a 29-year-old man, was arrested on Friday afternoon when officers apprehended…

05 Jun

Welwitschia Health strengthens executive team

info_e12wt4csNational NewsEdward Kafita, Professor Marius Hedimbi, Welwitschia Health strengthens executive team

Staff Writer The Welwitschia Health Training Centre (WHTC) has announced the appointment of Professor Marius Hedimbi as the Deputy Rector of Academic and Research as well as Edward Kafita as the Chief Executive Officer of Welwitschia Integrated Services. According to a statement issued by WHCT, the appointment will be effective from 1 June 2023. Prof. Marius Hedimbi has over 15 years of experience in higher education. He held various academic ranks such as lecturer, senior lecturer, associate professor, and full professor. He also served in numerous administrative capacities such as Director of the Graduate School of Business (IUM); Coordinator: The…

05 Jun

India’s External Affairs Minister visits Namibia

info_e12wt4csNational NewsIndia’s External Affairs Minister visits Namibia, Subrahmanyam Jaishankar

Niël Terblanché India’s External Affairs Minister Subrahmanyam Jaishankar arrived in Namibia’s capital, Windhoek, on an official three-day visit on Sunday This is the first-ever visit by an Indian External Affairs Minister to Namibia. Jenelly Matundu, the Deputy Minister of International Relations and Cooperation of Namibia, met the Indian External Affairs Minister upon his arrival in Windhoek. Jaishankar thanked Matundu for the warm reception and said that he looks forward to having a productive visit that will take the time-tested ties between the two countries even further forward. During the visit, Jaishankar will call on Namibia’s President and is also scheduled…

05 Jun

Omusati appreciative of food assistance

info_e12wt4csNational NewsErginus Endjala, Omusati appreciative of food assistance

Hertta-Maria Amutenja The Omusati Regional Governor, Erginus Endjala, has expressed his gratitude for the food assistance from the government, after his plea that the people of the region have become vulnerable because of the drought. Endjala made these remarks after the recently completed a two-week-long training workshop on Integrated Food Security Phase Classification (IPC / IFSPC)) in Swakopmund. “The rainfall in Omusati was not favourable and it affected all humans and animals. As a result, people are in dire need of food and animals in need of fodders for animals. When we try to intervene, we need to consider both…

05 Jun

Nedbank threatens Nafinu with defamation lawsuit

info_e12wt4csMainAsnath Zamuee, Gernot De Klerk, Nedbank threatens Nafinu with defamation lawsuit

Niël Terblanché Utterances made by the Namibia Financial Institutions Union (Nafinu) General Secretary Asnath Zamuee compelled Nedbank Namibia to seek legal recourse, Gernot De Klerk, the bank’s Spokesperson said. According to de Klerk, the financial institution will now assert and reserve its rights in terms of the various statements made and published, which he said are intended to cause significant reputational harm and spread unfortunate, and even intentional, falsehoods. “Some of these matters are currently under legal review, and given their malicious intent and false assertion of fact, will be dealt with through legal recourse,” he said. Zamuee said in…

02 Jun

Foreign reserves peak to N$51.8 billion

info_e12wt4csObserver Money

Chamwe Kaira The Bank of Namibia’s stock of international reserves increased in April to N$51.8 billion relative to the N$48.3 billion at the end of March, the central bank said. This is the highest figure the stocks have reached this year. The increase was on account of higher Southern African Customs Union receipts, diamond sales proceeds and FDI inflows in the manufacturing sector from the sale of Namibia Breweries Limited to Heineken as well as revaluation gains. “The foreign reserves translated into 5.4 months of import cover higher than the 5.1 months of import cover a month ago, remaining above…

02 Jun

Locals can form JVs with foreigners for Green Schemes…. Investors required to have financial capacity of up to N$650m

info_e12wt4csObserver Money

Chamwe Kaira Local investors who do not have financial capacity to bid for the leasing of Green Schemes may form joint ventures with foreign investors to bid for the leasing of the Green Schemes. The investors will be required that to access to, or has available, liquid assets, unencumbered real assets, lines of credit, and other financial means sufficient to meet the investment value requirement ranging from N$550 million to N$650 million. “The amounts required are not exaggerated or blindly put there, they’re real costs need to run each green scheme. These amounts vary from one scheme to another,” Ministry…

02 Jun

More local companies need to list on the NSX

info_e12wt4csObserver Money

Namibia Stock Exchange (NSX) CEO, Tiaan Bazuin this week gave Observer Money an update of the performance of the stock exchange, the impact of new legislation and the possibility of more companies listing. Observer Money (OM): What has been the performance of the NSX in the past year? Tiaan Bazuin (TB): Selected highlights of the NSX contributions to deepening and diversifying the capital markets in Namibia during 2022 and Performance on the NSX listed companies for the past year (2022) include: In the capital market, the overall comparative value traded was N$ 13,782 billion for the year ending December 2022…

02 Jun

Loans holiday relief applications hit 377 875…. Value of loans approved under moratorium is N$5.8 billion…. Ministry of Justice planning amendment to restrict sale of property

info_e12wt4csObserver Money

Chamwe Kaira The Bank of Namibia has disclosed that as of 30 April 2023, commercial banks received a total of 377 875 applications for holiday relief since a rollout in April 2020 to provide relief on property loans that were hard hit by the Covid 19 pandemic. Of this amount, 370 816 applications were approved. Kazembire Zemburuka, Director of Strategic Communications and International Relations told Observer Money that the banking industry is aware of the concerns raised regarding repossessions of houses and other property. He said it is for this reason; commercial banks continue to implement the measures instituted by…

02 Jun

Oshikoto Man(31) rapes pensioner

info_e12wt4csNational NewsOshikoto Man(31) rapes pensioner, Teopoline Kalompo-Nashikaku

Hertta-Maria Amutenja A 31-year-old man was arrested after he allegedly raped a 79 year-old pensioner at Oshivelo in Oshikoto region. Oshikoto Regional Commander Commissioner Teopoline Kalompo-Nashikaku said in a report that the suspect entered the victim’s bedroom last Wednesday and sexually assaulted her. “It’s alleged that the victim was in the house sleeping in her bedroom when she saw the suspect opening the door of her room that was not locked and came inside the room. The victim then woke up asking who the person was, but the suspect started threatening her telling her to keep quiet otherwise he would…