Windhoek Observer – Page 721 – Windhoek Observer

13 Oct

New platform to power Africa’s energy transition

Observer Money

In its 30th year of existence, leading African upstream oil-and-gas event Africa Oil Week (AOW) has launched a bold new brand and mission, with a broader energy focus in line with the global energy transition and Africa’s evolving role. The event is evolving into a new platform, to be known as AOW: Investing in African Energy. It will provide a single, inclusive forum for investing in African energy, addressing the continent’s immediate energy needs, while driving dialogue to accelerate the clean-energy transition. “This is the perfect time to launch a bold new brand and mission,” says Yemi Ibidunni, Event Director…

13 Oct

The future looks bright as Namibia pivots to energy supply

Observer Money

Niël Terblanché President Hage Geingob, while on a proactive and forward-looking visit to the Erongo Region, gave a ringing endorsement of Namibia's commitment to the green industrial revolution. The President's tour on Wednesday encompassed various industrial facilities, offering a snapshot of the nation's rapid progression toward sustainable energy solutions. Expressing satisfaction with the nation's stride toward green industrialisation, President Geingob highlighted the cohesive approach by key stakeholders. Namibia's main ports, pivotal in advancing new green energy technologies, were particularly interesting to the President. "The newly discovered oil resources off our coast will be instrumental in our economic future. However, our…

13 Oct

Global economic growth remains slow

Observer Money

The global recovery from the COVID-19 pandemic and Russia’s invasion of Ukraine remains slow and uneven, the International Monetary Fund has said. Despite economic resilience earlier this year, with a reopening rebound and progress in reducing inflation from last year’s peaks, it is too soon to take comfort, the Fund said. Economic activity still falls short of its pre-pandemic path, especially in emerging market and developing economies, and there are widening divergences among regions. Several forces are holding back the recovery. Some reflect the long-term consequences of the pandemic, the war in Ukraine, and increasing geo-economic fragmentation. Others are more…

12 Oct

Infringing on NSI standards could result in fines or imprisonment

National NewsInfringing on NSI standards could result in fines orimprisonment

Martin Endjala The head of Namibia Metrology, Simasiku Matali, warned businesses that contravene the Namibian Standards Institution Act no 5 of 2023 regulating measurement tools could face a possible fine of N$300 000 or two years’ imprisonment.Matali said this while clarifying how the Metrology Act once enacted will be dealing with some of the loopholes in different sectors.While explaining that although the Act has been amended, the already existing Acts have been effective to some extent.Matali warned against businesses selling products which are not in the local vernaculars on the shelves to immediately rectify it or risk being served with…

12 Oct

Paragon welcomes Abraham Kanime as new Head of Safety and Security

National NewsParagon welcomes Abraham Kanime as new Head of Safety and Security

Niël Terblanché In a significant development, Paragon Investment Holdings has officially appointed Abraham Kanime, the former Chief of the Windhoek City Police, as its new Head of Safety and Security. This announcement reaffirms Paragon’s dedication to cultivating a secure environment for its vast workforce, distinguished clientele, and its sprawling asset base. Kanime, who has built an enviable reputation during his tenure with the Windhoek City Police, is renowned for his deep expertise in corporate security. His dedicated service to the Windhoek community emphasizes his unmatched capability in safeguarding assets and people. Paragon Investment Holdings, a fully Namibian-owned entity, has a…

12 Oct

NHE fails to meet its own housing target

National NewsNHE fails to meet its own housing target

Martin Endjala According to the National Housing Enterprise (NHE)’s five-year strategic plan, the entity aimed to construct 2,200 houses annually until the housing backlog was resolved.However, from 2019 to the present, the institution has only succeeded in building 1,090 houses nationwide.NHE’s mandate is to provide housing to low- and middle-income Namibian households by initiating and financing housing projects.Mutonga Matali, the Corporate Communications and Marketing Manager of NHE, informed the Windhoek Observer that due to the rising demand for homeownership, it’s imperative for NHE to recalibrate its strategy to address the housing backlog and guarantee access to affordable homes.“New housing targets,…

12 Oct

All enumerators will be paid by the end of October

National NewsAll enumerators will be paid by the end of October

Stefanus Nashama The Namibia Statistics Agency (NSA) has urged Census 2023 enumerators involved in fieldwork, who have yet to receive their remuneration, to remain patient. The agency is actively addressing the issue, aiming to complete all payments by the end of October. At a media conference in Windhoek, updating on the 2023 population and housing census and the launch of the post-enumeration survey, NSA Statistician-General Alex Shimuafeni assured that payments would be expedited. Shimuafeni revealed that 60% of the enumerators have already been compensated, leaving only 40% awaiting payment. “The funds are in the NSA bank account. Payments will be…

12 Oct

Venaani displeased with Swapo’s decisionto reject the Bill recognizing Basters

National NewsVenaani displeased with Swapo’s decisionto reject the Bill recognizing Basters

Stefanus Nashama McHenry Venaani, leader of the Popular Democratic Movement (PDM), expressed disappointment yesterday over the decision by Swapo members of Parliament to reject the Private Member’s Bill he introduced in the National Assembly. This bill aimed to recognize the Basters’ Traditional Authority. Titled “Baster Traditional Authority Recognition and Urban Traditional Authorities Establishment,” the bill sought to recognize, protect, and promote the rights of the Baster Traditional Authority in urban areas. Venaani stated it was turned down by Swapo Party members. “The rejection of this bill is deeply troubling. It highlights a concerning pattern of neglect and dismissal of the…

12 Oct

Geingob and Ramaphosa to convene for the third Bi-National Commission

National NewsGeingob and Ramaphosa to convene for the third Bi-National Commission

Niël Terblanché The spirit of mutual cooperation and collaboration between South Africa and Namibia is set to shine through this week. On 13 October 2023, President Hage Geingob of the Republic of Namibia will welcome his South African counterpart, President Cyril Matamela Ramaphosa, for the third Session of the Bi-National Commission (BNC). The session, co-chaired by both presidents, follows an agreement reached during President Geingob’s State Visit to South Africa on 20 April 2023. Established in 2012, the BNC has since been a pivotal forum to boost bilateral ties, coordinate diplomatic stances, and discuss shared concerns at both regional and…

12 Oct

Parliamentary Chair urges vigilancefor enhanced personal security

National NewsParliamentary Chair urges vigilancefor enhanced personal security

Hertta-Maria Amutenja The Chairperson of the Parliamentary Standing Committee on Information Communication Technology (ICT) and Innovation, Modestus Amutse, has emphasised the critical role of cybersecurity in enhancing personal security.Speaking at the 7th National Youth Summit, Amutse highlighted the importance of proactive participation in cybersecurity programs under the theme “Re-thinking cybersecurity investment to secure the digital economy and its opportunities.”He stressed the necessity to fortify cybersecurity to remain vigilant and extend a helping hand to protect one another. He mentioned recent media reports that drew attention to criminal syndicates exploiting ICT to engage youth in fraudulent activities and abhorrent practices like…