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Namcor in N$600 million fuel fix
24 Mar

Namcor in N$600 million fuel fix

ObserverObserver Money, ,
Kandjemuni Kamuiiri The National Petroleum Corporation of Namibia (Namcor) is in fix after importing fuel worth N$600 million despite its service stations only able to consume eight percent of the order. Namcor imported 20 million litres of ULP (unleaded petrol) of which 3.6 million litres still remain, 37 million litres of ADO (diesel) of which 17 million litres still remain, and nine million litres of lower sulphur fuel oil (LSFO) of which four million litres are still remaining. The large volume of the import, brought in the country as part of the commissioning of the National Oil Storage Facility, has…
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20 Mar

The question so much is whether There’s still exploitation or not?

ObserverUncategorised
Kae Matundu-Tjiparuro What went wrong with the socialist project? Read a headline to an opinion article by Uaripi Tjihenuna in the New Era last Wednesday. What a screaming headline, Yours Truly Ideologically could not but observe. Only that it was an opinion article, and tucked and/or hidden away for that matter on the eighth page of the edition, while to my mind it warranted the front page, to give more visibility and essence to its scream in view of the relevance and pertinence the author is raising in the article. This is a question that is long overdue if not…
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20 Mar

The Time Traveler: Why I support ‘economic empowerment’

ObserverUncategorised,
Hugh Ellis The National Equitable Economic Empowerment bill (Neeeb) will soon be tabled in Parliament. Exactly what the latest version of the bill says - word-for-word - is not yet clear. While there were shortcomings in the previous drafts, it is hard not to agree with the principles of empowerment that they represent. I don’t agree with the apparent demand of the ‘private sector’ (here seeming to mean long-established businesses) to approve almost every last word before the bill goes before the National Assembly. It’s noble to consult the ‘haves’ of society, but eventually, if those who have already eaten…
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COVID-19 hits NTB revenues
20 Mar

COVID-19 hits NTB revenues

ObserverUncategorised, , ,
By Maria Hamutenya THE COVID-19 pandemic devasted Namibia’s tourism sector to an extent that the Namibia Tourism Board (NTB) only generated N$3 million in levies from October 2020 to March 2021. NTB chief executive officer Digu //Naobeb said this is a massive drop compared to N$17 million the board between October 2019 and March 2020, before the onset of the pandemic. “During that period, our revenue was N$17 million, and compared to the period from October 2020 to March 2021 we only made N$3 million. We are short by N$14 million,” he said. //Naobeb said the situation has been compounded…
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Muinjangue takes first Sinopharm jab
20 Mar

Muinjangue takes first Sinopharm jab

ObserverUncategorised, ,
Kandjemuni Kamuiiri and Rose-Mary Haufiku DEPUTY minister of health, Ester Utjiua Muinjangue, became the first Namibian to be vaccinated against COVID-19 with the Chinese drug Sinopharm on Friday. Muinjangue said she took the vaccine to dispel fears about the safety of the drug which arrived in the country on Wednesday. “I did it to set an example and to encourage others to do so. We are leaders and we are requesting the community to get vaccinated. ‘’I am not worried because I know there are people in other countries who took it before us and are doing fine. Therefore, I…
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COVID-19 jab not compulsory – Shangula …. Essential services workers react
20 Mar

COVID-19 jab not compulsory – Shangula …. Essential services workers react

ObserverUncategorised, , , ,
Kandjemuni Kamuiiri, Maria Hamutenya and Andrew Kathindi MINISTER of Health and Social Services, Kalumbi Shangula says no one, including members of the uniformed forces, will be forced to take the COVID-19 vaccine. This comes as the country on Friday began its roll-out of the Chinese manufactured Sinopharm vaccine, which arrived in Namibia earlier this week. “People who are live in closed settings like people in prisons, police cells, and school hostels are the ones we want to target in phase-one, but eventually everyone will have a chance to be vaccinated. The vaccine is voluntary. If you don’t want it, no…
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HPP II targets N$28 billion projects
19 Mar

HPP II targets N$28 billion projects

ObserverObserver Money,
Maria Hamutenya The Harambee Prosperity Plan II (HPP II) launched by President Hage Geingob on Thursday, has set an ambitious target to unlock projects with a commercial value in excess of N$ 27.7 billion over a 5 year period, while creating 42 000 jobs Among some of the projects targeted, include a plan to build a Green Hydrogen plant and deliver 20 000 housing units countrywide by the end of HPP2 through public and private stakeholders. This aims to reduce the national housing backlog, which currently stands 300 000 houses. “In the social progression pillar the Government, local authorities, GIPF,…
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It was not Emma Theofelus – Shiimi
19 Mar

It was not Emma Theofelus – Shiimi

ObserverObserver Money, , , ,
Rose-Mary Haufiku and Kandjemuni Kamuiiri Finance Minister, Ipumbu Shiimi, said the decision to remove value added tax (VAT) on sanitary pads has nothing to do with the motion tabled by Deputy Information Minister, Emma Theofelus, two weeks ago. He said a decision had already been taken by the Finance ministry in January. “The removal of VAT on sanitary pads is not in any way linked to Emma Theofelus. It has got nothing to do with her. She brought her issue, but it was already in the budget,” Shiimi told the Windhoek observer . The revelation by Shiimi comes as Theofelus…
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Shangula rules out relaxing Covid-19 regulations
18 Mar

Shangula rules out relaxing Covid-19 regulations

ObserverObserver Money, ,
Kandjemuni Kamuiiri Health and Social Services Minister, Kalumbi Shangula, says Namibia will not be relaxing its COVID-19 regulations despite the arrival of the country’s first batch of vaccines and the beginning of its inoculation role out schedule for Friday. “No, it will not be relaxed. We will still continue to have public health measures because we have not yet vaccinated anybody, we need to vaccinate about 80 percent of the population and then we will see whether they are fully protected, it will be a combination, just like we have the mask, social distance and you get vaccination,” he said.…
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Shiimi tables declining budget … as sin tax is upped
18 Mar

Shiimi tables declining budget … as sin tax is upped

ObserverObserver Money, ,
Andrew Kathindi The national budget for the 2021/2022 financial year amounts to N$59.4 billion, Finance Minister, Iipumbu Shiimi, has announced. This is a 6.1 percent decline from the N$63.4 budget tabled last year. “Budget revenue is projected to decline by 6.1 percent to N$52.1 billion, from the estimated N$55.5 billion in 2020/21. This is largely due to the expected contraction in SACU receipts. Over the remainder of the MTEF, revenue is forecast to gather pace at an average rate of 4.8 percent as domestic economic activity and regional trade pick up,” said Shiimi. Of the tabled figure, N$53.9 billion is…
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