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Road closures, parking and airspace restrictions for Nujoma funeral

Road closures, parking and airspace restrictions for Nujoma funeral

Niël Terblanché Residents of Windhoek will have to look for alternative routes to avoid getting stuck in traffic during the street procession of official vehicles while the memorial and funeral services for Founding President Sam Nujoma, Friday and Saturday, are in progress. In this regard, the Namibian Police (NamPol) issued a public notice on Thursday detailing road closures and designated parking areas ahead of the memorial and funeral proceedings for Nujoma. Deputy Commissioner Kauna Shikwambi, head of NamPol’s Public Relations Division, confirmed that temporary road closures and traffic diversions will be in place from Thursday to Saturday to ensure a…
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Transport arrangement for Nujoma memorial attendees

Transport arrangement for Nujoma memorial attendees

Free public transport will be available in Windhoek for people who want to attend the memorial and burial services of the late Founding President, Dr Sam Nujoma. The memorial service will be held at Independence Stadium, with gates opening at 07h30. Public transport will commence from 05h00, with municipal buses ferrying attendees from various pick-up points across the city. The Funeral at Heroes Acre will take place on Saturday and members of the public can again make use of the same pick-up points where buses will collect them from 05h00. The pick-up points will be located at the following venues:…
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Parliament orders probe into NBC finances

Parliament orders probe into NBC finances

Hertta-Maria Amutenja  The Ministry of Information and Communication Technology has been directed to conduct a forensic audit of the operations and financial affairs of the Namibian Broadcasting Corporation (NBC) following allegations of financial mismanagement and non-compliance with labour laws. According to a parliamentary report seen by the Windhoek Observer, the audit will specifically examine the N$5.4 million in performance bonuses paid to NBC executives and the N$1.9 million spent on a vehicle for the director general. “The Ministry of Information and Communication Technology and NBC were reluctant to find a lasting and amicable solution to the strike. NBC Management paid…
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Capricorn Group’s profit reach N$1.06 billion

Capricorn Group’s profit reach N$1.06 billion

CHAMWE KAIRA  The Capricorn Group delivered strong financial results with profit after tax for the six-month period ended. 31 December 2024, increasing by 28.4% to N$1.06 billion, compared to N$827.6 million in the same period last year. This translates to a 29.1% rise in earnings per share to 196.80 cents. The annualised return on equity also improved from 16.8% to 19.1%. The performance is due to excellent results and solid all-round performances by its subsidiaries, Bank Windhoek, Bank Gaborone, Capricorn Asset Management (CAM), Entrepo, and Peo Finance, said David Nuyoma, Group CEO. Operating profit for the half year increased by…
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Asian growth expected to drive 60% rise in LNG

Asian growth expected to drive 60% rise in LNG

Global demand for liquefied natural gas (LNG) is forecast to rise by around 60% by 2040, largely driven by economic growth in Asia, emissions reductions in heavy industry and transport as well as the impact of artificial intelligence, according to Shell’s LNG Outlook 2025. Industry forecasts now expect LNG demand to reach 630-718 million tonnes a year by 2040, a higher forecast than last year. Global LNG trade grew by only 2 million tonnes in 2024, the lowest annual increase in 10 years, to reach 407 million tonnes due to constrained new supply development. More than 170 million tonnes of…
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Andrada announces employee incentive scheme

Andrada announces employee incentive scheme

CHAMWE KAIRA  Andrada Mining Limited, a tin producer with a critical raw materials portfolio of mining and exploration assets in Namibia, has provided an update on its remuneration policy.  The policy was approved by shareholders at the company's general meeting held in September last year.  On 1 March 2024, the company approved the payment of certain cash bonuses as part of the remuneration policy for the full year ended 28 February 2024. Only 50% of the cash bonuses have been paid to date.  The company achieved an overall performance score of 65% in the 2024 financial year based on the…
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Deep Yellow optimistic about uranium price

Deep Yellow optimistic about uranium price

CHAMWE KAIRA  Deep Yellow, which is developing the Tumas Project in the Erongo Region, says it has established the right platform at the right time, ready to build greenfield projects when the price is right. The company said in a project update that the uranium market backdrop creates exceptional opportunities in the post-Fukushima supply reconstruction era and taking advantage of an assured supply shortage further exacerbates a bifurcated market. The company said it has a strong financial position with Australian dollar (A$) 238.4 million cash to initiate development of Tumas and pursue a growth strategy. The financial investment decision on…
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Trans-Kalahari Rail Project still on cards

Trans-Kalahari Rail Project still on cards

CHAMWE KAIRA  The government wants the Trans-Kalahari Rail Corridor Development Project, a joint project with Botswana, to be implemented as soon as possible.  The Trans-Kalahari Railway project is poised to yield substantial socioeconomic advantages, such as significantly enhancing the rail capacity of Botswana Railways and TransNamib Holdings Limited.  Additionally, it promises to alleviate the strain on regional road infrastructure and reduce the likelihood of accidents involving heavy trucks and smaller vehicles, as freight transportation shifts from road to rail. Minister of Works and Transport, John Mutorwa, told a meeting of officials of the two countries that the governments of Namibia…
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Benjamin announces provisional Brave Warriors squad for World Cup qualifiers

Benjamin announces provisional Brave Warriors squad for World Cup qualifiers

Erasmus Shalihaxwe Senior national football team coach Collin Benjamin has called up 30 players to the provisional squad for the Brave Warriors for the 2025 World Cup qualifying games scheduled for next month. The team is set to face Malawi on 17 March in the away game before playing their home game in South Africa against Equatorial Guinea on 24 March. Namibia is in a good position to make history by qualifying for the World Cup for the first time. They sit second in Group H with eight points from four games, winning two, drawing two, scoring six goals, and…
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Deep Yellow says court action without merit

Deep Yellow says court action without merit

CHAMWE KAIRA  Deep Yellow has said legal action against the company by Jurgen Hoffman and Tumas Granit is completely without merit and that the company will take all necessary action to protect its interests, as it has done on all previous occasions. The company is developing the Tumas uranium project in the Erongo Region.  Deep Yellow further clarified that Jurgen Hoffman and Tumas Granite are not Deep Yellow’s partners in Namibia.  Last week it emerged that Hoffman had commenced proceedings against the Minister and Ministry of Mines and Energy to have the mining license declared void.  Deep Yellow in a…
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