info_e12wt4cs – Page 718

09 Sep

Naankuse help in fight against scabies

info_e12wt4csNational NewsNàankuse and Paliston Packaging., San community in Drimiopsis, Wutow Trading

Martin Endjala The San community in Drimiopsis, in the Omaheke Region yesterday received hygiene products donated by the ChariTree Foundation aimed at curbing scabies in the community. The donation was a collaborative effort by Wutow Trading, Nàankuse and Paliston Packaging. According to Nàankuse Foundation Nàankuse Lifeline Clinic Manager, Hardus Swart said that as a non-profit organisation they rely on foundations such as ChariTree. A community member who was one of the recipients applauded the charities, saying the donation was timely moment, as they had no hygiene products. Another recipient extended his call on more organizations to come on board to…

07 Sep

High inflation, interest rates erode consumer confidence

info_e12wt4csNational NewsAgricultural Bank of Namibia, High inflation, interest rates erode consumer confidence

Tujoromajo Kasuto Uncoordinated policy frameworks and a lack of cooperation between the public and private sectors, according to the Agricultural Bank of Namibia, are obstacles in the fight against unemployment. The Bank observes that a number of initiatives aimed at reviving the labour market, such as the youth agro-based value chain initiatives, are halted by the lack of coordination between the government and private sector and other policy frameworks, making it difficult to combat the high unemployment rate. ‘’Pandemic related retrenchments and slow global trade have further worsen the number of unemployed individuals in the country. Employment is the cornerstone…

07 Sep

NIPDB to work with young entrepreneurs

info_e12wt4csNational NewsDino Ballotti, MSME, Namibia Investment Promotion and Development Board (NIPDB), NIPDB to work with young entrepreneurs

Tujoromajo Kasuto Namibia Investment Promotion and Development Board (NIPDB) today launched theinaugural Know2Grow (K2G) NextGen Entrepreneurs, that will provide an annual market access andcapacity building platform for young entrepreneurs, designed to drive the development and acceleration of innovative youth-led businesses. The event is scheduled to take place in Tsumeb on 16 to 18 November 2022 and is open to all MSME ventures across the country, owned by young Namibians between the ages of 18 and 35. “We are very intentional about MSME Development and have various initiatives and programmes targeted at MSME support across all levels and in different sectors.…

07 Sep

Eveline Street market earmarked for renewal

info_e12wt4csNational NewsEveline Street market earmarked for renewal, Onghendambala Market, VISET Namibia

Martin Endjala At its last council meeting on 31 August the Windhoek Municipality has resolved to approve the upgrading of the Onghendambala Market for informal traders on erf 3222 on Eveline Street in the Goreangab residential area. The council approved a request by the VISET Namibia, who received funding from the Alumni Engagement Innovation Fund (AEIF) through the American Embassy, to use the funds for the upgrading of the Onghendambala Market. The value of the upgrades is costed at N$643 266 and the upgrades, which include fencing of the entire market area to protect the site from encroachment and illegal…

Aminuis inhabitants appeal for a halt to<br>uranium exploration, mining activities

07 Sep

Aminuis inhabitants appeal for a halt to
uranium exploration, mining activities

info_e12wt4csNational NewsAminuis inhabitants appeal for a halt to uranium exploration, Headspring Investment CC, mining activities

Staff Writer Is the mining of uranium due to begin in all earnest or is the process still in its exploratory phase? This is one of the pressing questions by the farming communities in the Aminuis Constituency, especially in the Aminuis communal area, as they probably belatedly are starting to raise their voices after observing lately suspect mining activities in their areas. They are in this regard joining the Stampriet Aquifer Uranium Mining Committee, that seems already to have irked Uranium One, a Russian parent company of a subsidiary exploring uranium in Omaheke, for expressing itself against the exploration/cum-mining activities…

07 Sep

NamPower looks to wind power

info_e12wt4csObserver Money40MW near Rosh Pinah, NamPower looks to wind power, Procurement and Construction (EPC)

CHAMWE KAIRA NamPower, which plans to establish a wind power plant with a capacity of up to 40MW near Rosh Pinah, expects to shortlist applicants from the prequalification stage in October. The shortlisted firms will then be invited to bid for the Engineering, Procurement and Construction (EPC) of the plant in October. All things being equal, construction of the plant is expected to commence in June 2023, with an estimated duration of 18 months, NamPower Managing Director, Simson Kahenge Haulofu told Observer Money. “The time of completion of the project is thus anticipated to be in December 2024,” he says.…

07 Sep

NWR sees return to profitability in 2024

info_e12wt4csObserver MoneyNWR sees return to profitability in 2024, Pohamba Shifeta, UNECA

CHAMWE KAIRA The Namibia Wildlife Resorts expects to return to profitability in 2024 after being badly affected by the Covid 19 pandemic, which saw a drop in visitors to the country and to its resorts. Just before the pandemic, NWR reduced its losses from N$171m in 2020 to N$97m in 2021 that is 44% or N$77 million. “We just came back from a difficult phase that almost wiped us out of business. We still expect 2022 to be a hard year for us. We foresee changes only from 2024 onwards,” said Nelson Ashipala, manager of corporate communications. Pressed on the…

07 Sep

Hyphen tables financing options for hydrogen

info_e12wt4csObserver MoneyGreen Hydrogen, Hyphen tables financing options for hydrogen, Tsau //Khaeb National Park

CHAMWE KAIRA Hyphen Hydrogen Energy is looking at all financing options for its green hydrogen project in southern Namibia. The company says it is making positive progress on its discussions with the government as it moves towards signature of the implementation agreement before the end of the year on its US$10 billion Namibian green hydrogen project. Hyphen is a Namibian registered green hydrogen development company, specifically formed to develop green hydrogen projects in Namibia for international, regional and domestic supply. Hyphen successfully bid on and has been awarded preferred bidder status on 4000 square kilometers of land within the Tsau…

07 Sep

Russian mine to propel Namibia to uranium big league

info_e12wt4csObserver MoneyRussian mine to propel Namibia to uranium big league, Russian owned uranium mine in the Omaheke Region, Uranium One is a state-owned company of Rosatom

CHAMWE KAIRA The planned establishment of a Russian owned uranium mine in the Omaheke Region could further propel Namibia to grow its contribution to the world’s uranium output. Russia’s Uranium One Group aims to invest up to N$8,5 billion in the Namibian economy. The money will not be raised on the local market. “Uranium One is a state-owned company of Rosatom, thus as a state-owned company it will not be necessary to raise the funds as is the case in a private enterprise,” the company said in response to questions from the Windhoek Observer. The company said the money to…

06 Sep

Fishrot scandal ultimate test for Whistle-blower Act

info_e12wt4csNational NewsFishrot scandal ultimate test for Whistle-blower Act, Johannes Stefánsson, Minister of Justice Yvonne Dausab

Obrien Simasiku The Fishrot scandal, regarded as the biggest corruption cases ever to have happened in an independent Namibia is touted as the most challenging scenario to test the effectiveness and implementation of the Whistleblower Protection Act of 2017, says the Minister of Justice Yvonne Dausab. The high level corruption involves, whistleblower Johannes Stefánsson, the former director of operations in Namibia for the Icelandic fishing company Samherji, who spilled the beans involving hundreds of millions of dollars in which businessmen and politicians benefitted in bribers, while facilitating the access to fishing quotas for Samherji in Namibian waters. At the centre…