Blog – Page 665 – Windhoek Observer

14 Apr

N$1.7 billion for road infrastructure

ObserverUncategorisedannual report for the fiscal year 2021 reveals that the fund generated N$2.2 billion and invested N$1.7 billion in national road infrastructure, N$1.7 billion for road infrastructure, RFA Chief Executive Officer Ali Ipinge

Tujoromajo Kasuto The Newly released Road Fund Administration integrated annual report for the fiscal year 2021 reveals that the fund generated N$2.2 billion and invested N$1.7 billion in national road infrastructure management and maintenance. This shows an asset growth from N$1.2 billion in the 2019/2020 financial year to N$1.8 billion, plus a surplus of N$87 million, demonstrating a strong balance sheet. This is despite the fact that revenue fell slightly year on year due to less opportunities to collect revenue because of COVID-19 movement restrictions. To put this into perspective, RFA Chief Executive Officer Ali Ipinge says that during the…

14 Apr

NUNW rejects last ditch attempts for FIMA consultations

ObserverUncategorisedNUNW rejects last ditch attempts for FIMA consultations, The secretary general Job Muniaro

Martin Endjala The National Union of Namibian Workers has called for the rejection of the planned consultations on the Financial Institution and Markets Act, that propose. The secretary general Job Muniaro made this appeal during a media conference on Wednesday. “Our call for this rejection is based on the fact that our members are expected to take care of their education and health as well as that of their children using their pension savings,” Muniaro emphasized. Further lamented that the exiting pension funds under permitted conditions mitigate the impact relating to their survival, economic and other needs as a result…

13 Apr

Namibians urged to be extra cautious during winter

ObserverUncategorisedg Covid-19, Namibians urged to be extra cautious during winter, president Hage Geingob

Martin Endjala President Hage Geingob has called on Namibians to show patriotism in fighting Covid-19 as winter is approaching during which people mostly stay indoors and close to each other. He said said this in today’s 42nd national Covid-19 update at State House. The current dispensation of regulations such allowing a thousand people at public gatherings, sale of alcohol from 09h00 am to 23h00 pm from Monday to Saturday and the wearing of masks when in confined spaces have been extended to 15 May 2022. Geingob emphasized that people should not become complacent now, and that it is in their…

13 Apr

Unprocessed timber seized

ObserverUncategorisedForestry and Tourism, Romeo Muyunda, Unprocessed timber seized

Staff Writer The Ministry of Environment, Forestry and Tourism has announced the seizure last weekend of raw timber from a truck that was destined for South Africa. The confiscation follows the ministry’s statement earlier this month that Namibia will only allow the export of processed timber products. According to the chief public relations officer in the ministry, Romeo Muyunda ‘’1500 planks on the truck are held and the transport permit temporally suspended pending further investigations to establish where the timber came from and if it was legally acquired”. Minister Pohamba Shifeta also warned Namibians not to over exploit natural resources,…

13 Apr

No peace in OvaHerero house

ObserverUncategorisedMutjinde Katjiua, Ovaherer, Ovaherero Traditional Authority (OTA)

Staff Writer The Ovaherero Traditional Authority (OTA) group in favour of Mutjinde Katjiua who lost his court battle for the supremacy of the authority against the chairman of OTA, Vipuira Kapuuo has vowed that the battle is not over. They pledged to continue fighting for the interest of the Ovaherero people. The group said this in a statement shortly after the High Court dismissed an urgent application in which Katjiua interdicted Kapuuo not to interfere with the running of OTA. The application was removed from the court roll and Katjiua was order to pay Kapuuo’s legal costs, including one instructing…

13 Apr

Mortgages, car and loan instalments going up ..as cost of borrowing increases

ObserverUncategorisedcar and loan instalments going up ..as cost of borrowing increases, Johannes !Gawaxa, Mortgages

Tujoromajo Kasuto The Governor of the Bank of Namibia (BoN), Johannes !Gawaxab, has announced that the Monetary Policy Committee (MPC) has decided to raise the repo rate by 25 basis points to 4.25 percent following its bi-monthly meeting on April 11th and 12th. He notes that this will have an impact on all people who have home, car, and overdraft loans with banks. The monthly payment on all these items will go up by 0.25 percent. This is the second hike in the repo rate in succession. He further warned that because other lending and interest rates are linked to…

12 Apr

Namibia believes in peaceful resolution of conflicts: Netumbo

ObserverUncategorisedDefence and Security Cooperation a, Namibia believes in peaceful resolution of conflicts: Netumbo

Staff Reporter Namibia’s objective as the next chair of the SADC Organ on Politics, Defence and Security Cooperation and as a member of the African Union Peace and Security Council is to strengthen peace processes across the continent. In this regard the country will work with relevant stakeholders to promote dialogue at the international level and promote the settlement of disputes by peaceful means in line with its national and regional obligations. This was said in the National Assembly by the Minister of International Relations and Cooperation, Netumbo Nandi-Ndaitwah during her budget motivation yesterday. Ndaitwah used the opportunity to spell…

12 Apr

Corporate advised to invest in human capital

ObserverUncategorisedCorporate advised to invest in human capital, NamibRe Managing Director, Patty Karuaihe-Martin

Tujoromajo Kasuto The Namibia National Reinsurance Corporation, NamibRe Managing Director, Patty Karuaihe-Martin today handed over 690 Laptops and bags valued at over 3.3 million to NUST and UNAM and urged other corporates to invest in education, particularly in helping students have access to ICT equipment as this will assist them in their studies. Karuaihe-Martin believes that providing access to education by investment in the sector is important to building a sustainable future for young people. She emphasises that the donation is NamibRe’s commitment to supporting the education sector as a strategic pillar in the Corporate Social Investment of NamibRe Foundation…

12 Apr

Katjiua’s urgent application dismissed

ObserverUncategorisedHerman Oosthuizen, Katjiua’s urgent application dismissed, Ovaherero Traditional Authority

The urgent application with the High Court of Namibia by Mutjinde Katjiua to interdict the chairperson of the OvaHerero Chief’s Council, Vipuira Kapuuo, was dismissed in the High Court this afternoon. The application was removed from the court roll and Katjiua was order to pay the Kapuuo’s legal costs, including one instructing and two instructed attorneys. On 30 March 2022 Katjiua who was appointed as the paramount chief and thereafter applied for an urgent interdict to have the court to restrain Kapuuo from proceeding with irregularly and unlawfully purporting to be the representative of the OvaHerero Traditional Authority representative and…

12 Apr

Namcor acquires oil blocks in Angola

ObserverUncategorisedImmanuel Mulunga, Namcor acquires oil blocks in Angola, Sequa and Petrolog, Somoil, Sonangol

Namcor has realised one of its strategic objectives of acquiring commercially viable producing assets outside the Namibia. Namcor announced on its Twitter page that it was one of the successful bidders for exploration and producing blocks in Angola, after going through an extensive tender process, adding that ‘’Namcor has reached its target of acquiring producing assets’’. In an Agencia Lusa news report on social media, Sonangol, Angola’s government-owned oil company, says it has sold eight Angolan oil concessions, ‘’in a limited public tender without mentioning the value of the deal’’. The eight blocks in a partial sale of Sonangol’s participating…