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175 witnesses for Fishrot trial
05 Jun

175 witnesses for Fishrot trial

ObserverUncategorised, , , , ,
Andrew Kathindi Namibia should brace itself for a lengthy and protracted Fishrot trial after an extensive list of nearly 200 witnesses have been lined up to testify. In the leaked Nangomar Pesca docket in possession of the Windhoek Observer, former Fisheries and Marine resources Minister, current Home Affairs Minister, Albert Kawana, and Justice Minister, Yvonne Dausab , are among those to be summoned to the witness stand. Other witnesses to appear in court are, Government institutions Pension Fund (GIPF) Chief executive Officer (CEO), David Nuyoma , Business and Intellectual Property Authority (BIPA) CEO, Vivienne Katjiuongua, and Secretary to Cabinet, George…
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Stimulus upbeat on outlook, despite slump in investee contribution
04 Jun

Stimulus upbeat on outlook, despite slump in investee contribution

ObserverUncategorised,
Staff Writer Stimulus Investments Limited has reported an operating profit of nearly N$1.32 million for the year ended 28 February 2021, compared to a loss of about N$5.95 million for the same period last year. The company, however, recorded a total comprehensive loss of N$27.2 million, down from N$35.8 million in 2020. The company reported a dividend income of nearly N$21.3 million, about N$24.5 million for the period under review. According to its financials, the company’s operating expenses increased to N$12.8 million, from N$12.3 million prior year. The company’s finance costs for period were N$31.2 million, down from nearly N$34.7…
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Eos to acquire Mushara Collection
04 Jun

Eos to acquire Mushara Collection

ObserverUncategorised, ,
Staff Writer Private equity firm, Eos Capital will acquire The Mushara Collection through its Allegrow Fund, pending approvals from the Namibian Competition Commission (NaCC) and land waiver application with the Ministry of Lands and Resettlement. Mushara is a high-quality tourism asset with locations near Etosha National Park and comprises of three main lodges, namely Mushara Lodge, Mushara Bush Camp and Mushara Outpost. The Mushara Villa is part of the Mushara Lodge and is an exclusive offering at Mushara with only two exclusive villas available. Mushara is owned by Marc Pampe and his wife, Mariza Pampe and Marc set to stay…
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OTA, NTLA rubbishes Katjirua’s stance …as Rukoro calls for referendum
04 Jun

OTA, NTLA rubbishes Katjirua’s stance …as Rukoro calls for referendum

ObserverObserver Money, , ,
Kandjemuni Kamuiiri The Nama Traditional Leaders Association (NTLA) and Ovaherero Traditional Authority (OTA) have rubbished the announcement by Chairman of the Ovaherero-Ovambanderu and Nama Council for Dialogue (ONCD) 1904-1908, Gerson Katjirua, saying he does not have the authority to speak for the broader majority of the Ovaherero and Nama descendants of the genocide victims. Katjirua on Thursday morning, claimed that, “we as the entire council are not here to reject the offer, we are here to give it a go ahead, adding that “we would like to see that when the declaration is signed, we as the chiefs representing the…
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Shaningwa ignores Geingob’s orders
04 Jun

Shaningwa ignores Geingob’s orders

ObserverObserver Money, , ,
Staff reporter It is alleged that Swapo Secretary-General, Sophia Shaningwa, continues to defy an order issued by President Hage Geingob to apologise to Okorukambe district coordinator, Frans Murangi, for having removed him from his position in 2017, in place of another candidate despite the ruling party having endorsed his election. The matter arises after Murangi was summoned before the Swapo party politburo earlier this year after being deemed disruptive in the region by Shaningwa. Murangi, however, explained to Geingob that he had been endorsed and appointed by the politburo in 2017 but a delegation led by Shaningwa had instead appointed…
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Col’Cacchio reopens at The Grove
03 Jun

Col’Cacchio reopens at The Grove

ObserverUncategorised
Staff Writer Col’Cacchio has once again opened its doors at the Grove Mall of Namibia, after a revamp and under new management. Col’Cacchio known for gourmet thin-based wood-fired pizzas, hearty pasta and crisp fresh salads, has a legacy of crafting artisanal meals out of the freshest sourced ingredients, with quality and innovation always at the heart of their dynamic offering. New owner, Melissa Du Plessis, a committed foodie and long-time Col’Cacchio fan said she jumped at the opportunity to bring the brand back to Windhoek. Sharing on returning customers should expect, Du Plessis said, “Customers can expect great service, the…
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Genocide deal review urged
03 Jun

Genocide deal review urged

ObserverObserver Money
Tujoromajo Kasuto and Kandjemuni Kamuiiri Political commentators in Namibia and abroad have urged the German government to relook at its offer and how it handled negotiations that have led to a deal being announced between the country and the Namibian government. This comes as representatives of the descendants of the victims of the genocide have unanimously rejected the deal as well as an apology offered by German Foreign Affairs Minister, Heiko Maas. On the rejections of the deal in Namibia, President of the International Network of Genocide Scholars (INoGS) and German Historian, Jürgen Zimmerer, stated that “it is a missed…
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Johnson & Johnson vaccines could cost millions annually
03 Jun

Johnson & Johnson vaccines could cost millions annually

ObserverObserver Money, ,
Andrew Kathindi The Ministry of Health and Social Services (MoHSS)’s decision to acquire the Johnson and Johnson COVID-19 vaccine could cost the country N$34 million per year for an unspecified number of years after it emerged the vaccine has to be continuously taken annually. According to the MoHSS, Namibia is expected to receive 250,000 doses at a cost of US$2,500,000.00 (N$ 34,375,000.00) sometime in August. According to American media reports, the Chairman and Chief Executive Officer (CEO) of Johnson & Johnson, Alex Gorsky, has stated that people who are inoculated with Johnson & Johnson may have to received annual doses…
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Value-Added Tax (VAT) Fraud
02 Jun

Value-Added Tax (VAT) Fraud

ObserverUncategorised,
Value-Added Tax Act 10 of 2000 Value-Added Tax Act 10 of 2000 was brought into force on 27 November 2000, to provide for the imposition and collection of value-added tax and to provide for matters incidental thereto. Subject to this Act, there shall be levied and paid, for the benefit of the State Revenue Fund, a tax (to be known as the value-added tax) on every taxable supply by a registered person; and on every import of goods or import of services, other than an exempt import. Every registered entity that is liable for the payment of value added tax…
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Definition of Act dominate procurement conference
02 Jun

Definition of Act dominate procurement conference

ObserverUncategorised,
Staff Reporter Matters surrounding the interpretation of the Public Procurement Act in the procurement process dominated the Namibia Procurement Conference held in Windhoek last week. The conference was attended by more than 60 procurement officers drawn from State-owned companies and local authorities as well as suppliers who bid for Government contracts. Tenders awarded by State-owned institutions and local authorities have been subjected to many court disputes. “The conference was successful. Everyone was engaging throughout. That is the thing with procurement, its non-ending debate. I believe the participants walked away with a lot of insights,” said one of the speakers at…
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