Blog – Page 760 – News Stand

25 Feb

Capricorn group records 23% profit increase in 2021

info_e12wt4csUncategorisedCapricorn group records 23% profit increase in 2021

Tujoromajo Kasuto Capricorn Group, a Namibia-based investment holding company, reported a profit of 580 million dollars in 2021, a 23 percent increase over the previous financial cycle's profit of 469.1 million. When compared to the six months ended 31 December 2020, the Namibian and Botswana economies benefited from a better operating environment and less stringent COVID-19 restrictions during the six months ended 31 December 2021. The increased economic activity, albeit from a low base, boosted Capricorn Group's ("the Group's") performance, with profit from continuing operations increasing by N$111.4 million. Profit from continuing operations of N$580.5 million, however, is slightly lower…

25 Feb

Swapo’s revival dreams require drastic action

info_e12wt4csUncategorisedHenning Melber, Ndumba Kamwenyah a political analyst, Swapo's revival dreams require drastic action

Martin Endjala Swapo will have to do more to regain the lost trust from the Namibian people, if it wants to win the 2024 elections and be a dominant force as it was in the past. Of late, the ruling party has been in the headlines for all the wrong reasons and its perceived unwillingness to fight corruption is further tainting the Swapo brand, Ndumba Kamwenyah a political analyst said this when interviewed by the Windhoek Observer. Kamwenyah stated that Swapo has a daunting task to regain its credibility, as the party has disappointed the people on many fronts on…

25 Feb

Shaningwa says 2022 congresses will cost Swapo a fortune

info_e12wt4csUncategorisedFransina Kahungu, Katrina Itula-Liswani, Shaningwa says 2022 congresses will cost Swapo a fortune, Swapo Party Secretary-General Sophia Shaningwa

Eba Kandovazu SWAPO Party Secretary General Sophia Shaningwa has called on the delegates attending the 8th Swapo Party Women’s Council congress to remain calm for the duration of the congress, saying that their state of mind and maturity will set the tone for the other upcoming Swapo congresses later this year. Shaningwa, speaking at the opening of the congress also said that members should be ready to accept defeat and support the winning candidate. Current SPWC Deputy Secretary Fransina Kahungu is contesting for Secretary, against Katrina Itula-Liswani. “It is encouraged that we are implored upon to remain united prior, during…

25 Feb

Goethe to debut local films

info_e12wt4csUncategorisedDenzel Eiseb, Goethe to debut local films, Mark Mushiva, Pegasus Entertainment

Jordan Sinvula The Goethe Institut in Namibia will this month be debuting three Namibian produced films as part of their second ever ‘Goethe Stage’ initiative. The films were chosen from around 50 scripts submitted to the organisation and have been brought to life in partnership with the Namibia Film Commision (NFC) and Pegasus Entertainment Productions. Expect to see the two narrative films, Mark Mushiva’s ‘Grootman’ and Denzel Eiseb’s ‘Open Cage’ as well as a documentary called ‘Currency of Scrap’ by Othillia Mungoba. “As the custodian of promoting and supporting the development of the local film industry, we are excited for…

25 Feb

“Order with me” shopping and the death of creativity in fashion

info_e12wt4csUncategorised“Order with me” shopping and the death of creativity in fashion

Falleria Kandjii Let’s talk about fast fashion and how not only is it ruining the planet, but also your creativity and the sustainability of our wardrobes. Fashion is the medium we use to express ourselves and show people who we are, without having to say anything. It is the way we show our boldness and creativity and it is our walking and breathing art piece. Nevertheless this does not seem to be the case anymore. With the rampant use of social media, we tend to buy whatever is trending. This has been fast tracked by online shopping platforms, known colloquially…

24 Feb

Master modeling with Leena Shipwata

info_e12wt4csUncategorisedMaster modeling with Leena Shipwata

Jordan Sinvula Being a model seems like one of the hardest jobs in the world, but in Namibia, big names pull it off like it’s nothing at all. How do they do it? They practice, practice, practice until they master their craft and they don’t stop till they feel their at the best. This is one of the secrets famed famed catwalk crusader Leena Shipwata will be imparting this Summer as her widely popular model masterclass returns for those aspiring to be in magazines and on runways, rocking designer and hob bobbing with other pretty faces. We (YA) sat down…

24 Feb

Namibian students in Ukraine cut off, as airports close

info_e12wt4csUncategorisedEtuweda Hiwete, Namibian students in Ukraine cut off

Tujoromajo Kasuto and Eba Kandovazu NAMIBIAN students studying in Ukraine have been left in limbo, following Russia’s invasion of the country early this morning. Students say there is no transport in the country as everything has been shutdown. One of the students says that he is fine, as the invasion is currently confined to the capital and surrounding cities and has not yet reached where he is based. He says that Ukraine has declared a martial law and has declared a state of emergency which means that “nothing goes in and out”. Thus all flights have been cancelled and they…

24 Feb

Oshana officials exposed to PPP concept

info_e12wt4csUncategorisedElia Irimari, Oshana officials exposed to PPP concept

Martin Endjala The Ministry of Finance has taken training for political heads and senior staff in regional offices about the public private partnership concept to the regions. Currently the ministry has started the training on Monday in the Oshana Region in Oshakati attended by the governors of the Omusati and Ohangwena regions amongst other senior officials from all constituencies in the Oshana, Oshikoto, Ohangwena, Kunene and the Zambezi regions. The outreach (PPP) program aims to capacitate public and private stakeholders on the functions of the PPP unit in the Ministry of Finance.. The training being held at the Oshana Regional…

24 Feb

338 Fishrot witnesses will not prolong trial

info_e12wt4csUncategorisedAndreas Kanyangela, Anti-Corruption Commission (ACC), James Hatuikulipi, Mike Nghipunya, Phillipus Mwapopi

Eba Kandovazu THE Anti-Corruption Commission (ACC) lead investigator in the fishrot corruption saga, Andreas Kanyangela today said that a total 338 state witnesses will testify, but only less than 20 will take longer to testify in the witness dock. Kanyangela said that the majority of the witnesses will not take much of the trial, as they will mainly testify about the services they rendered and the amounts they received from the suspects. Former Fisheries Minister Bernard Esau, former Justice Minister Sakeus Shanghala, former Managing Director of Investec Asset Management James Hatuikulipi, former Fishcor Chief Executive Officer Mike Nghipunya, Ricardo Gustavo,…

24 Feb

Education ministry receives lion’s share of N$14.1 billion ……ACC receives lowest at N$62.8 million

info_e12wt4csUncategorisedACC receives lowest at N$62.8 million, Education ministry receives lion's share of N$14.1 billion, Iipumbu Shiim

Eba Kandovazu THE Ministry of Education, Arts and Culture has again topped 2022/23 budget allocations, which is 19.9 percent of the total budget. In comparison to the Basic Education's 14.1 billion dollars, the Ministry of Higher Education, Training and Innovation received N$3.3 billion of which N$840 million is for the University of Namibia, N$455 for the University of Science and Technology and N$1.4 billion going towards the Namibia Students Financial Assistance Fund. Finance Minister, Iipumbu Shiimi when tabling the Appropriation Bill this afternoon said that the Public Safety and Order sector takes up the second highest share of the budget…