info_e12wt4cs – Page 751

04 Feb

Cash remains King in Namibia

info_e12wt4csObserver Money50 million Automatic Teller Machines (ATM) withdrawals totaling N$36.9 billion, Johannes Gawaxab, Namibian economy is one that is highly cash dominated

Tujoromajo Kasuto Bank of Namibia (BoN) Governor, Johannes !Gawaxab says the Namibian economy is one that is highly cash dominated as over 50 million Automatic Teller Machines (ATM) withdrawals totaling N$36.9 billion were conducted in 2021. Worth noting, is that as of the end of December 2021 the total currency in circulation stood at 4.63 billion Namibia dollars, he informs. During the same period cash redemption amounted to six percent of the total currency in circulation. !Gawaxab says these figures are a perfect illustration of Namibians remaining cash reliant despite advancements in digital payments. It is also indicative of the…

04 Feb

Fishrot bail application takes two-week break

info_e12wt4csObserver MoneyAdvocate Vas Soni, Erna van der Merwe, Fishrot bail application takes two-week break, Fishrot corruption case, James Hatuikulipi, Kanyangela, Pius Mwatelulo, Sacky Shanghala

Eba Kandovazu THE bail application in which some suspects in the Fishrot corruption case are applying to be released on bail has been postponed to 21 February. Judge Shafimana Ueitele says the matter has been scheduled until 4 March. Today, Anti-Corruption Commission Chief Investigator, Andreas Kanyangela was still being cross examined by James Hatuikulipi, Sacky Shanghala and Pius Mwatelulo’s lawyer Advocate Vas Soni. The trio is joined in the bail application by Mike Nghipunya, Otneel Shuudifonya and Phillipus Mwapopi. Soni took issue with the manner in which the ACC issued search warrants for the arrest of the suspects in the…

04 Feb

Light Oil Discovered in Orange Basin

info_e12wt4csObserver MoneyNational Corporation of Namibia (NAMCOR), Paulo Coelho, Shell Namibia Upstream B.V and Qatar Energy

Martin Endjala The National Corporation of Namibia (NAMCOR) and its partners Shell Namibia Upstream B.V and Qatar Energy, have today announced a commercially viable discovery of light oil in both primary and secondary targets at the Graff-1 deep water exploration well. This was confirmed by the marketing, communication and public manager Paulo Coelho of NAMCOR in a media press release. It is reported that Graff-1 has proved to have a working petroleum system for light oil in the Orange Basin, offshore of Namibia, about 271 kilometers from the town of Oranjemund. The drilling operations that commenced in early December 2021,…

03 Feb

Black-Owned Security companies accused of not paying minimum wage

info_e12wt4csObserver MoneyANDREAS Hausiku secretary general of the Namibia Security Guards and Watchmen’s Union, Black-Owned Security companies accused of not paying minimum wage, Lydia Indombo says the implementation of minimum wage is in the hands of companies

Tujoromajo Kasuto ANDREAS Hausiku, secretary general of the Namibia Security Guards and Watchmen’s Union (NASGWU), has accused black-owned security companies of failing to pay their employees, the statutory prescribed minimum hourly rate of N$8.75 shift, which is honoured by their white-owned security companies. Hausiku says that certain companies that are contracted by government gives the union major problems, as they do not comply with the hourly rates He further pointed out that they barely experience issues with the white-owned companies, which comply with the rates and pay their employees on time as opposed to, “us black people”. Meanwhile, Hausiku shared…

03 Feb

Refugee commissioner to get retirement benefits despite murder conviction

info_e12wt4csObserver MoneyLikius Valombola had applied for early retirement shortly before he was sentenced, Refugee commissioner to get retirement benefits despite murder conviction

Eba Kandovazu CONVICTED Refugees Commissiner in the Ministry of Home Affairs, Likius Valombola had applied for early retirement shortly before he was sentenced in December last year for the murder of student leader Helao Ndjaba, Windhoek Observer newspaper can reveal. The 57-year-old Valombola served in the position for years and was sentenced to 14 years in the Windhoek High Court after he shot Ndjaba (25) in the head in Windhoek’s Ombili settlement in 2018. Executive Director in the Ministry of Home Affairs, Immigration, Safety and Security Ettiene Maritz today confirmed that Valombola was on leave when he submitted the application…

03 Feb

Namibia to receive a donation of 1m doses of sinopharm from China in tranches

info_e12wt4csObserver Moneyhas pledged to donate one million vaccine doses of sinopharm, Namibia to receive a donation of 1m doses of sinopharm from China, the People’s Republic of China

Martin Endjala The Ministry of Health and Social Services (MOHSS) Executive Director (ED) Ben Nangombe, has confirmed in conversations with Windhoek Observer today that, the People’s Republic of China, has pledged to donate one million vaccine doses of sinopharm to Namibia, to mitigate the covid-19 pandemic. The donation is expected to be delivered in tranches during this year. Nangombe expressed appreciation for the continued demonstration of solidarity and support that the government of the People’s Republic of China has shown over the years, ‘’It is very commendable’’ he said. This is the second donation of sinopharm vaccines that China gives…

03 Feb

Nedbank robbers get away with 1.3 million

info_e12wt4csObserver MoneyNedbank robbers get away with 1.3 million, the suspects ambushed security guards out of nowhere

Eba Kandovazu THE three men who yesterday shot at a security van delivering money to the Nedbank branch at Katutura’s Black Chain stole N$1.3 million. This was confirmed by Nampol spokesperson, Deputy Commissioner Kauna Shikwambi, who said that the suspects ambushed security guards out of nowhere when they arrived at the bank with the money. The suspects allegedly fired shots at the van just after one of the security guards offloaded two cases containing the money. It is reported that one of the bullets fired hit another stationary vehicle, the bank’s wall and the bank’s entry glass doors. Police say…

02 Feb

Class of 2021 sets the tone and raises the bar….as they record only 7.7% ungraded fail nationwide.

info_e12wt4csObserver MoneyClass of 2021 sets the tone and raises the bar, The pioneering Advanced Subsidiary level Class of 2021 has set a mark that should be emulate

Tujoromajo Kasuto The pioneering Advanced Subsidiary level Class of 2021 has set a mark that should be emulated by those following in the footsteps. The candidates achieved an average of a C-symbol in all subjects. The trailblazers as the Minister of Basic Education referred to them, only recorded a 7.7 average ungraded symbol. This group was the first to write AS level examinations following the phasing out of the Legacy Curriculum. In total, 5007 candidates sat for their AS Level National Examinations in 28 subjects at 102 full time centers, 4592 and 415 candidates wrote at 88 public schools and…

02 Feb

Forex trader granted bail in GBV case, wants to “inspire” the youth

info_e12wt4csObserver MoneyFOREX trader Brownson Lukas who’s accused of assaulting his girlfriend, Forex trader granted bail in GBV case

Eba Kandovazu FOREX trader Brownson Lukas who’s accused of assaulting his girlfriend on 23 January hit her until she vomited. Lucas is also accused of throwing the woman with pieces of broken objects from a door he broke down at his house. The tussle between the two started at a local nightclub where the lady found him in the company of his friends. An altercation then ensued between the two that continued at his residence, where it allegedly escalated into an assault. Lukas, represented by Trevor Brockerhoff, told the court during his bail application today that he owns five vehicles…

02 Feb

Johnson Ndokosho appointed as director of forestry

info_e12wt4csObserver MoneyHe also has a B-Tech degree in Nature Conservation from the Port Elizabeth Technikon, Johnson Ndokosho appointed as director of forestry

Martin Endjala THE Ministry of Environment, Forestry and Tourism has appointed Johnson Ndokosho as its new Director of Forestry effective from 1 February 2022. “I am humbled by this appointment and grateful to be granted this opportunity to lead the Forestry Directorate and the sector in general. I go by the personal mantra of motivating and inspiring others to be their best self and that success breeds success” said the excited Ndokosho. In conversations with Windhoek Observer, Ndokosho reminiscences starting from the bottom and moving up the ranks to being appointed as a Director of Forestry, “this is everyone’s dream…