info_e12wt4cs – Page 762

10 Dec

Trustco board advisors vindicated by shareholder vote

info_e12wt4csObserver MoneyTrustco, TRUSTCO Group Holdings Ltd

Tujoromajo Kasuto TRUSTCO Group Holdings Ltd.’s minority shareholders have overwhelmingly endorsed and confirmed the board's accounting treatment and auditor's opinions on the group financial statements. This includes the loan forgiveness transactions of more than N$1.5 billion by Next Capital Ltd, Trustco’ s majority shareholder, in a non-binding advisory vote called by the Board of Directors. In the eyes of the minority shareholders, this vote effectively vindicates the actions of the board, the group auditors, and the independent accounting advisors. Minority shareholders were also asked to vote on whether Trustco should move its listing and, if necessary, delist for a period…

10 Dec

Boy (13) charged with rape of boy (9)

info_e12wt4csObserver MoneyPolice

Eba Kandovazu THE police in Ondangwa are investigating a rape case in which a nine-year-old boy was allegedly raped by a 13-year old boy at the village of Okiimba on Tuesday. According to Oshana Police Spokesperson, Inspector Thomas Aiyambo, the incident occurred around 16h00. The boy was reportedly on his way home when the suspect, approached him in the bushes and forced himself on him. Police say although both the suspect and victim are from the same village, the former is still at large. In another rape incident, a case of rape was registered at Ongwediva Police station after a…

10 Dec

Geingob pleased with Cabinet’s work despite COVID-19 challenges

info_e12wt4csObserver MoneyCabinet, Namibia, president Hage Geingob

Eba Kandovazu PRESIDENT Hage Geingob says although Namibia faced challenges this year as a result of the deadly Coronavirus pandemic, Government has stood strong and Cabinet has responded to multiple crises with swiftness and purpose. At the last Cabinet meeting of the year, he says in the midst of immense human losses, Cabinet has provided the nation with the reassurance of direction, order and security. “In the eye of the storm, we have steered the ship towards calmer waters. Through your swift and decisive action, our nation has been able to avert a potential humanitarian disaster. At this juncture, I…

09 Dec

OGF hosts virtual transitional justice panel discussion in the observance of International Commemoration of Genocide Day

info_e12wt4csObserver MoneyDiasporans from Botswana, Otjinene Constituency, Ovaherero, Ozombuzovindimba, South Africa, United Kingdom (UK)

Staff Writer Diasporans from Botswana, South Africa, United Kingdom (UK) are among panelists joining descendants of the victims of the Ovaherero and Nama genocide in tackling this issue during a virtual discussion to be livestreamed tomorrow evening. This is to observe the International Day of Commemoration and Dignity of the Victims of the Crime of Genocide, and of the Prevention of this Crime, which is observed every year on 9 December. This year also sees the 78th anniversary of the 1948 United Nations Convention on the Prevention and Punishment of the Crime of Genocide, also known as the Genocide Convention.…

09 Dec

New Gambling board inaugurated

info_e12wt4csObserver MoneyForestry and Tourism, Gambling Board, Minister of Environment, Pohamba Shifeta

Eba Kandovazu MINISTER of Environment, Forestry and Tourism, Pohamba Shifeta, has inaugurated the Board of the Gambling Board. Ben Shikongo is Chairperson deputised Toska Sem while Josua Kaumbi, Sandra !Owoses, Uerijeta Kauaria, Erastus Johannes and Amanda Heydenreich are the other members. “I would like to urge the Board to ensure that the Gambling Board is run on sound corporate governance principles with regards to exercising of its powers and functions. The Ministry would like the Board’s commercial activities to contribute to the economic growth of this country as required in the Harambee Prosperity Plan II and always safeguard inclusive development…

09 Dec

AR takes on Iceland’s Samherji … Says lawsuits will bring back Namibia’s stolen money

info_e12wt4csObserver MoneyAffirmative Repositioning (AR), Job Amupanda

Eba Kandovazu AFFIRMATIVE Repositioning (AR) say they have signed a three-year agreement with a UK Based organisation, Restitution, to file lawsuits in a bid for international companies to return stolen monies pertaining to the Fishrot. Job Amupanda says Restitution has offered to support AR by offering international lawyers, international legal professors and investigators to locate the assets of companies that benefitted through illicit financial transfers and bribery. Amupanda says although criminal charges have been instituted, no civil action has been taken against anyone to have the stolen monies returned. According to him, preparations to engage Justice Minister, Yvonne Dausab, Prosecutor…

08 Dec

Student life at Sunshine Private College Teacher Education Department

info_e12wt4csObserver MoneySunshine Private College

Phyllis ya Nangoloh The first time I heard about Sunshine Group of Schools having a tertiary department was in late 2019, when I was busy pursuing my master’s degree at the University of Namibia (UNAM). I had a temporary teaching post at one of the local schools because I did not have a qualification in Education. I remember having a conversation with my colleagues about how time consuming and costly it would be to pursue another four-years course, but in education. I had little knowledge about the Postgraduate Diploma in Education (PGDE). As I presented my grievances to my colleagues,…

08 Dec

Ovaherero Chief’s Council Chairperson takes legal action … as council meeting approaches

info_e12wt4csObserver MoneyOvaherero Chief’s Council Chairperson, Vipuira Kapuuo

Tujoromajo Kasuto Ovaherero Chief’s Council Chairperson, Vipuira Kapuuo, has issued a letter today through his legal representatives PD Theron and Associates stopping the Chief’s Coucil meeting scheduled for this Saturday as was announced this morning on the Namibian Broadcasting Corporation (NBC)’s Omurari FM current affairs programme, Keetute. According to the lawyer’s letter Kapuuo has been overlooked regarding decisions made concerning the Chief’s Council’s meeting which was slated for this weekend. The letter has been issued to Chief Bethold Tjiundje, Deputy Chairperson of the Chief’s Council, Tjizapouzeu Uahupirapi who is the Chief Administration Officer in the office of the Ovaherero Traditional…

08 Dec

Children aged 12 years and older are now eligible for vaccination

info_e12wt4csObserver MoneyBen Nangombe, Ministry of Health and Social Services (MOHSS)

Tujoromajo Kasuto CHILDREN aged 12 years and older are now eligible to receive the Pfizer COVID-19 vaccines, as the Ministry of Health and Social Services (MoHSS) has decided to expand vaccination eligibility to children and adolescents aged 12-17 years. Vaccination reduces the risk of severe illness, hospitalisation and deaths due to COVID-19. The World Health Organisation (WHO) Strategic Advisory Group of Experts (SAGE) has recommended that Pfizer/BionTech COVID-19 vaccine is suitable for use by persons aged 12 years and above. The same vaccine has been granted Emergency Use Authorisation by the US Food and Drug Administration (FDA) for use in…

08 Dec

Man loses N$1 million lawsuit against operation Hornkranz soldiers

info_e12wt4csObserver MoneyHigh Court, Namibia Defense Force (NDF)

Eba Kandovazu CONTRADICTIONS in the witness statement of a man who was suing the Namibia Defense Force (NDF) for injuries he sustained after he was allegedly assaulted by soldiers during operation Hornkranz late last year, have led to the unsuccessful N$1 million lawsuit. High Court Judge Orben Sibeya today dismissed Tuteni Petrus' lawsuit with cost, saying there were inconsistencies in his initial statement and evidence in chief when he testified in the dock. Petrus alleges he was assaulted by soldiers on the night of 31 December, 2020, after they pulled him out of a taxi. In his particulars of claim,…