Observer – Page 704 – Windhoek Observer

18 Feb

Govt to lose N$600m in quota fees …as 1100 jobs are threatened

ObserverUncategorisedFishcor, Government Gazettes, Seaflower Pelagic Processing (SPP)

Staff Writer African Selection Fishing Namibia (AFSN) Chairperson and Seaflower Pelagic Processing (SPP) majority shareholder, Adriaan (AJ) Louw, says N$ 600 million in quota fees alone, over the next 12 years, could be lost to Government, should it proceeds to approve the attempted termination of the joint venture between National Fishing Corporation of Namibia Limited (Fishcor) and AFSN. The businessman confirmed that over and above the quota fees of N$ 48 million per year, Fishcor could also lose their 40 percent share in the investment made. Employment of 655 workers will also be in jeopardy, while another 450 workers already…

18 Feb

BoN maintains Repo rate unchanged

ObserverObserver MoneyBank of Namibia (BoN), Governor Johannes !Gawaxab

Staff Writer The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) resolved to keep the repo rate unchanged at 3.75 percent, Governor Johannes !Gawaxab, announced yesterday, on Wednesday. “The MPC is of the view that the rate remains appropriate to continue supporting domestic economic activity, while at the same time safeguarding the one-to-one link between the Namibia Dollar and the South African Rand. This decision was taken following a review of global, regional and domestic economic and financial developments.” Namibia’s stock of international reserves as on the 31st January, 2021, according to BoN, stood at N$34.4 billion compared…

18 Feb

Learners COVID-19 cases spike

ObserverObserver MoneyHealth and Social Services Ministry (MOHSS)

Kandjemuni Kariimui COVID-19 is starting to increase in schools with the Health and Social Services Ministry (MOHSS) announcing 288 leaners and eight teachers have been infected with the virus since Monday. This is despite assurances by the Ministry of Education, Arts and Culture in January that 90 percent of schools in the country were ready to re-open and receive students. Among the new confirmed cases, the Ekule Senior Secondary School in the Omuthiya District has recorded the highest Covid-19 cases with up to 101 learners testing positive. The Oshikoto Region as a whole has a total of 112 positive learners,…

18 Feb

NUNW guns for Jooste

ObserverObserver MoneyLeon Jooste, National Union of Namibian Workers (NUNW), Prime Minister Saara Kuugongelwa Amadhila, Public Enterprises minister

Maria Hamutenya and Kandjemuni Kamuiiri The National Union of Namibian Workers (NUNW) is demanding the immediate dismissal of Public Enterprises Minister, Leon Jooste. According to a petition handed over to Prime Minister Saara Kuugongelwa-Amadhila, and SWAPO Secretary-General, Sophia Shaningwa, yesterday, on Wednesday, NUNW Secretary-General Job Muniaro, among others, is accusing the minister of violating his oath of office. In the petition, Muniaro alleged that Jooste had carried himself “in a dishonest manner, by under representing and deliberately misdirecting the Cabinet to take a decision that is tantamount to violation of Article 95 of the Namibian Constitution on state policy. Maintaining…

17 Feb

Pest Control Using Homemade remedies

ObserverUncategorisedGood Agricultural Practices

Hanks Saisai Crop production is an activity that involves the cultivation or tilling of land to enable people to grow their own food for self-sustenance. However, farmers can encounter several challenges before they can harvest their desired produce. One of the most predominant challenges are pests and diseases. Pests are organisms that attack crops by eating them or causing diseases. When growing crops, it is of great importance that farmers acquire knowledge of the types of pests that may attack and cause damage to crops. There are mainly four types of pests; chewing pests which eat and chew on crop…

17 Feb

LPM digs into CoW over land

ObserverObserver MoneyCity of Windhoek, Landless People’s Movement (LPM), LPM Councillor, Sade Shireen Gawanas

Staff Writer The Landless People's Movement (LPM) is accusing the City of Windhoek councillors of not prioritising land delivery in the city despite a high demand and limited supply of houses in the capital. LPM Councillor, Sade Shireen Gawanas, said although the City was currently sitting on thousands of square kilometres of land, which could be used to address the capital’s ballooning housing waiting list, nothing was being done. “Sitting in this council for the past two months, we have noticed that some issues and agendas are being pushed while there is no proper studies, investigations done. The total town…

17 Feb

NamRa secrecy irks NAPWU

ObserverObserver MoneyNamibia Public Workers Union (Napwu), NamRA

Andrew Kathindi The Namibia Public Workers Union (NAPWU) has accused the Ministry of Finance of being secretive and failing to consult in the establishment of the Namibia Revenue Agency’s (NamRA) HR structures, amid concern the agency could become a gravy train for top management. According to the union, the agency is trying to create a management structure where a select few will benefit from bloated benefits, not in line with existing government pay structures, defeating its intended purpose. In a letter to the Finance Ministry Executive Director, Erica Shafudah, which is in the possession of Windhoek Observer, the public workers…

17 Feb

High Court demand answers from Geingob

ObserverObserver MoneyAffirmative Repositioning (AR), Justice Orben Sibeya, president Hage Geingob

Maria Hamutenya Justice Orben Sibeya on today (Tuesday) ordered that President Hage Geingob answers to a lawsuit in which the Affirmative Repositioning (AR) is demanding that he meets his end of an agreement to service 200 000 plots countrywide signed in 2015. The order came after he ruled in favour of the AR. “The lawyers acting on behalf of the President thought that it was not necessary for the President to answer to the case at all, because in their view the manner in which the case is drafted is deficient, meaning the agreement made between the AR movement and…

16 Feb

Ninety One makes senior appointment

ObserverUncategorisedNinety One

Staff Writer Omri Oliver has been appointed as Client Manager for Ninety One, formerly Investec Asset Management Namibia. Until recently, Oliver was Head of Distribution for the Corporate segment at Old Mutual Namibia, which included all group risk, smooth bonus investments, preservation funds and life annuity products. “I am excited to work for a company like Ninety One. It ranks as one of the few – if not the only – Southern African investment firms to have achieved success both here at home and on a global scale. This bears testament to the quality of leadership, culture and investment expertise…

16 Feb

Changing gears over Air Namibia

ObserverUncategorisedAir Namibia, Covid-19, Namibia

CHAMWE KAIRA The liquidation of Air Namibia is a sad episode in post-independence Namibia. The national flag carrier is gone, jobs have been lost and the ripple effects will be felt across the economic and social fabric of the country for a long time. The country is already facing a depressing period with the COVID 19 pandemic and the economic recession, the Air Namibia shutdown adds to the misery. The loss of jobs at the airline adds to unemployment figures caused by companies shutting down due to the pandemic and recession. Employment figures released by the Ministry of Labour, Industrial…