Blog – Page 707 – News Stand

12 May

Mining sector prone to Illicit Financial Flows

info_e12wt4csObserver MoneyAfrican Union High Level Panel (AU-HLP), IFF, Illicit Financial Flows Secretariat., Mining sector prone to Illicit Financial Flows

Obrein Simasiku The extraction or mining sector is one of the most vulnerable to Illicit Financial Flows (IFF), because African authorities lack the expertise and the skills to seal loopholes, which in turn affects the economy and developmental growth of host countries and the continent. "The dependence of African countries on natural resources extraction for exports and revenues makes us extremely vulnerable to illicit financial flows. These sectors are prone to IFFs, trade mispricing including abusive transfer pricing, secret and poorly negotiated contracts and overly generous tax incentives," stressed Finance Deputy Minister Maureen Hinda-Mbuende. She said this today when addressing…

12 May

Namibia, SA selected on IPU Russia/Ukraine task force

info_e12wt4csObserver MoneyInter Parliamentary Union (IPU), Namibia, Namibia and South Africa, Peter Katjavivi, SA selected on IPU Russia/Ukraine task force, Seiso Joel Mohair

Martin Endjala The Inter Parliamentary Union (IPU) has elected Namibia and South Africa, as the only African countries to form a task force mandated to resolve the ongoing Russia and Ukraine conflicts. This was revealed yesterday by the National Assembly Speaker Peter Katjavivi during a courtesy visit from the members of the South African National Council of Provinces (NCOP) on a benchmarking visit to the National Council. Speaker Katjavivi with his counterpart Nosiviwe Mapisa-Nqakula from South Africa, are the only leaders the IPU has vetted as representatives from Africa. Katjavivi pointed out that the gesture from the world’s parliamentary body,…

12 May

LPM wants corporates to develop communities

info_e12wt4csObserver MoneyDuminga Ndala, Henny Seibeb, James Mnyupe, LPM wants corporates to develop communities

Martin Endjala The Landless People’s Movement is questioning the level of commitment of corporates to develop local communities where they operate. LPM says businesses, particularly mining companies are not ploughing back into the communities where they do business, resulting in the mushrooming of informal settlements across the Country. The party wants these companies to be held accountable. These sentiments were expressed by LPM Deputy Leader Henny Seibeb and the Youth Student Command Element leader Duminga Ndala. During today’s press conference held at the LPM headquarter in Windhoek under the theme mining and local development they particularly singled out Usakos, Omaruru…

12 May

Nekongo warned not to neglect SPYL ……breaks silence on youth league endorsement

info_e12wt4csObserver MoneyEphraim Negongo, Nekongo warned not to neglect SPYL

Obrein Simasiku The Secretary of the Swapo Party Youth League may lose his influence over the organ when he goes to the National Assembly, after his appointment as a member of Parliament by President Hage Geingob.This is because Ephraim Negongo will now be required to focus on two jobs, while he should be preparing for his campaign to be re-elected in his current portfolio. Negongo is replacing the former Minister of Public Enterprises, Leon Jooste, but as an ordinary MP. Political analysts the Windhoek Observer spoke to says going to parliament for two-and-a-half years may impact negatively on his…

10 May

“Public finances must impact society” … as Model Law on Public Financial Management awaits adoption

info_e12wt4csNational NewsDr Situmbeko Musokotwane, Members of Parliament, Regional Women’s Parliamentary Caucus (RWPC), SADC Parliamentary Forum, Zambia’s Minister of Finance and National Planning

By Moses Magadza and Clare Musonda Standing Committees of the SADC Parliamentary Forum and the Regional Women’s Parliamentary Caucus (RWPC) have unanimously endorsed a draft SADC Model Law on Public Financial Management (PFM) and will soon commend it to the highest decision body of the Forum, the Plenary Assembly, for adoption. The endorsement happened at the end of a two-day consultation over the draft Model Law on PFM that took place in Johannesburg, South Africa, recently. The validation was the climax of a series of similar engagements with different stakeholders over several weeks, as the SADC PF sought buy-in and…

10 May

Shaningwa worried about delays in mandate renewals

info_e12wt4csNational NewsHaving proper structures in place that cannot be compromised, Shaningwa worried about delays in mandate renewals

Staff Writer The Swapo Party Secretary General Sophia Shaningwa is concerned that some regions in the country have not finished their mandates of renewal ahead of the upcoming congress in July of the party’s Elders Council. Shaningwa said this yesterday at the opening of the Swapo Party’s Elders’ Councils central committee opening meeting. In addition, she urged the Elders to complete the renewals of mandates by all means. “Comrade elders my concern is the renewal of mandate that some of the regions did not finish. However, let us try to make sure that we finish the renewals of mandate before…

07 May

Health, safety at workplace critical: Ndemula

info_e12wt4csNational NewsHafeni Ndemula, Health, safety at workplace critical: Ndemula

Staff Writer The Deputy Minister of Labour, Industrial Relations and Employment Creation has called on all employers to adopt a culture of safety and health at the workplace to minimise accidents and injuries occurring in the course of work. Hafeni Ndemula was speaking during the commemoration of World Safety and Health Day in Windhoek. He informed the gathering that Namibia is busy with the formulation of a Occupational Safety and Health Bill and invited all employers and workers to participate and contribute to the stakeholder consultations which will take place during this year. Namibia in its National Occupational Safety and…

07 May

Small businesses yellow pages in the works

info_e12wt4csNational NewsNIPDB, Small and Medium Enterprises (SMEs) Development, Small businesses yellow pages in the works

Tujoromajo Kasuto The Namibia Investment Promotion and Development Board, NIPDB Manager for Small and Medium Enterprises (SMEs) Development, Innovation and Acceleration Dino Ballotti said they are building an online portal for SMEs that will provide information about these businesses at the click of a button. He says this will be sector, region, town, youth specific and is still in the works, and will assist in exposing people of various small businesses that are operating within a certain geographical location and the services they offer. Meanwhile, Namibia Chamber of Commerce and Industry (NCCI) is also facilitating a similar initiative called the…

07 May

Namibia’s Green hydrogen to enjoy prominence at Africa Energy Week

info_e12wt4csNational NewsAfrica Energy Week (AEW), Green Hydrogen Summit, Namibia’s Green hydrogen to enjoy prominence at Africa Energy Week

Staff Writer The Africa Energy Week (AEW) 2022 will hold a dedicated Green Hydrogen Summit, where emerging hydrogen economies such as Namibia will play a leading role in shaping dialogue around this critical resource. The summit in October in Cape Town, South Africa represents the official platform, not just for a discussion on the challenges and opportunities across Africa’s future hydrogen market, but for global investors and international private sector companies to be introduced to African opportunities, the organisers of the summit, Africa Energy Chamber says in a statement issued on Thursday. AEW 2022 aims to integrate private sector know-how…

05 May

Government accused of “greenwashing”

info_e12wt4csObserver MoneyGovernment accused of "greenwashing", Public Policy Research (IPPR) Research Associate Dietrich Remmert

Tujoromajo Kasuto A survey conducted by the Institute for Public Policy Research (IPPR) Research Associate Dietrich Remmert, has accused the Namibian government of ‘’greenwashing’’ as a global leader in efforts to combat global warming and climate change. The report, which was released today, investigates how Namibia's tourism industry can recover from the effects of the COVID-19 pandemic. In the report, Remmert argues that the ambiguities and contradictions that are allegedly evident in the government's pursuit of resource extraction projects such as oil and gas exploration, while presenting Namibia as a global leader in environment protection and sustainability are "disingenuous and…