Windhoek Observer – Page 706 – Windhoek Observer

24 Nov

Germans top tourist arrivals

Observer Money

The majority of guests at hospitality establishments nationwide predominantly hail from Europe, with Germany, Switzerland, and Austria collectively constituting the largest share of international tourist arrivals at 42.3 percent, according to October tourism numbers. France follows closely behind, accounting for 7.4 percent of the total international tourist arrivals. At a regional level, South Africa is noteworthy, representing 4.4 percent of the aggregate guest composition in hospitality establishments throughout Namibia. Namibia's hospitality sector exhibited resilience in October, with national occupancy rates holding steady at 65.5 percent, consistent with the figures reported in September. This marked an improvement from the 54.6 percent…

24 Nov

Schlumberger to employ 22 on rig plant

Observer Money

Services Pétroliers Schlumberger (SLB), a globally recognised oilfield services giant listed on the stock exchanges in New York, Paris, and London, plans to employ 22 people on its planed Liquid Mud Plant (LMP) at Berth 8, situated within the Port of Walvis Bay. The company is in the early stages of proposing the construction and operation of the plant at Berth 8, situated within the Port of Walvis Bay, managed by the Namibian Ports Authority (Namport). According to a project update that was released this week currently eleven employees are in service of SLB at the Port of Walvis Bay.…

24 Nov

Osino focused on the financing Twin Hills

Observer Money

Chamwe Kaira Osino Resources Corporation remains focused on the financing and pre-construction activities at its Twin Hills, including de-risking the mineral resource estimate and the initial years of production. Osino is currently drilling to convert the first two years of mining from indicated to measured mineral resource category and to confirm and upgrade the Twin Hills Mineral Resource Estimate. “Osino remains focused on the financing and pre-construction activities at Twin Hills, including de-risking the mineral resource estimate and the initial years of production.” Heye Daun, Osino's President and CEO commented said the company is highly encouraged by these excellent assay…

23 Nov

Namibia Volleyball Federation Celebrates NDF A and NAVY Teams Heading to Zone VI Club Championships in Lesotho

SportsNamibia Volleyball Federation Celebrates NDF A and NAVY Teams Heading to Zone VI Club Championships in Lesotho

Windhoek, Namibia - The Namibia Volleyball Federation (NVF) has announced that the NDF A (male) and NAVY (female) volleyball teams will be flying the Namibian flag high at this year's Zone VI Club Championships in Maseru, Lesotho, scheduled from the 7th to the 17th of December 2023. The two teams dedication and hard work have rightfully earned them the honor of representing Namibia at the Zone VI club championships, where they will be pitted against close to 20 teams from other countries. The Zone VI consists of Angola, Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, Zambia, and Zimbabwe. “We…

23 Nov

Mboma Cleared for Comeback After Temporary Suspension

SportsMboma Cleared for Comeback After Temporary Suspension

Namibian track sensation Christine Mboma has been granted permission by World Athletics to resume her competitive journey in the 100m and 200m events. The news was confirmed by Mboma's coach, Henk Botha, who expressed enthusiasm about her return to the track following a temporary suspension earlier this year. Mboma faced a setback when World Athletics suspended her from competition due to elevated testosterone levels. However, after a thorough review, the governing body has given her the green light to participate in the 100m and 200m events. Coach Botha, speaking on Mboma's behalf, stated, "We are keen and excited to get…

23 Nov

Brave Warriors Secures Victory in Sao Tome

SportsBrave Warriors Secures Victory in Sao Tome

Namibia emerged victorious against Sao Tome, thanks to own goal by Pedro Mateus and Namibian striker Prinz. The unexpected turn of events resulted in Namibia collecting maximum points on the road, offering Coach Collin Benjamin much-needed breathing space as he prepares his team for an upcoming clash. The match, took a surprising twist as Pedro Mateus unintentionally netted the ball in his own team's goal, providing Namibia with an early advantage. As the game progressed, Namibian striker Prinz added to Sao Tome's woes with another own goal, sealing Namibia's triumph. Coach Collin Benjamin, undoubtedly relieved by the positive outcome, now…

23 Nov

New opportunities to deepen US trade and investment in Namibia open up

Observer MoneyNew opportunities to deepen US trade and investment in Namibia open up

Niël Terblanché New optimism about the future of Namibia's economic engagement with the United States of America has begun to manifest. The American Ambassador to Namibia, Ambassador Randy Berry, recently said that the United States of America is committed to strengthening trade and investment ties with Namibia and other African countries. Ambassador Berry stressed the importance of these partnerships for mutual prosperity and the significance of Africa's youthful population. "The United States is all in on Africa," Ambassador Berry declared, referencing the affirmation made during the U.S.-Africa Leaders’ Summit last December. He emphasized the United States' focus on Africa's future…

23 Nov

NSFAF policies entrap unemployed youth in debt

National NewsNSFAF policies entrap unemployed youth in debt

Stefanus Nashama In a passionate plea, Parliamentarian and Lawmaker Inna Hengari from the Popular Democratic Movement (PDM) has called for a thorough review of the Namibia Student Financial Assistance Fund (NSFAF) policies governing loan conditions for students. Hengari made this impassioned appeal during her recent parliamentary address, where she urged NSFAF to explore ways to incentivize loan beneficiaries to pursue entrepreneurship and job creation after completing their studies. According to her, the current six-month grace period for repaying NSFAF loans is inadequate and leads to a troubling situation where unemployed graduates find themselves burdened with debt shortly after receiving their…

23 Nov

Icelandic minister rejects Venaani’s demands on Samherji renewable energy funding

National NewsIcelandic minister rejects Venaani’s demands on Samherji renewable energy funding

Hertta-Maria Amutenja The Icelandic Minister of Environment, Energy, and Climate, Gudlaugur Thór Thórdarson, has decisively turned down the proposal made by McHenry Venaani, the leader of the Popular Democratic Movement (PDM), urging the Icelandic government to reconsider its plan to provide a 100 million Icelandic krona renewable energy grant to the Samherji Company. Venaani had written to Icelandic Prime Minister Katrín Jakobsdóttir earlier this month, expressing concerns about the renewable energy grant offered to Samherji, a company allegedly involved in corrupt activities in Namibia’s fishing industry, now known as the fishrot scandal. In response, Thórdarson emphasized that Samherji’s grant application…

23 Nov

Otavi municipality dumpsite without Environmental Clearance Certificate

National NewsOtavi municipality dumpsite without Environmental Clearance Certificate

Hertta- Maria Amutenja According to Namibia’s Auditor General Junias Kandjeke, the Otavi municipality’s dumpsite and sewerage pond lack an Environmental Clearance Certificate (ECC). The sad state of affairs was revealed in the Auditor General’s report on the town’s accounts for the financial years ending 30 June 2020 and 2021. Kandjeke said the town council failed to furnish ECC for both the dumpsite and the sewerage pond. “The auditors observed that the Council has a dumpsite and sewerage pond, however, no environmental clearance certificate could be provided,” he said The Auditor General said the town council neglected to allocate funds for…