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Farmers get 12 month holiday
20 May

Farmers get 12 month holiday

ObserverObserver Money,
Staff Writer Agribank has announced that it will offer farmers a 12 month installment holiday as part of the bank’s measures to cushion them against the negative impact of COVID-19. “Qualifying clients of Agribank are not mandated to pay the installment for a period of 12 months from the effective date of the Bank’s COVID-19 Relief and Stimulus package. The installment and the interest applicable to that installment will be capitalized,” Agribank CEO Sakaria Nghikembua said. “Existing arrears will not be capitalized; penalty interest of 1.5 percent will apply on arrears for relief period (down from 2 percent) and installments…
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Debmarine employees aid communities
19 May

Debmarine employees aid communities

ObserverUncategorised, , , ,
Staff Writer Debmarine Namibia employees took an initiative to reach-out to those less fortunate by raising funds to purchase food parcels that will feed hundreds of destitute families in Oranjemund, Okahandja and Windhoek informal settlements. The employees raised more than N$40 000 which was matched by the Company. A total of N$ 80 000 was therefore committed to the initiative. In the true spirit of Show We Care, last week, 70 families from Otjomuise, 8Ste Laan benefited from the drive through the Cheerful Givers, a youth charity organisation which was started to provide struggling families with food during the lockdown…
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Bank Windhoek brings water closer to the community
19 May

Bank Windhoek brings water closer to the community

ObserverUncategorised, ,
Staff Writer A team from Bank Windhoek led by the bank’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack, visited the Moses ǁGaroëb Constituency in Windhoek to assess the impact of water tanks donated to informal settlements around Windhoek. Capricorn Group and Bank Windhoek collaborated in donating 13 tanks, each with a capacity of 10 000 litres, to provide safe and clean water to residents. “As a connector of positive change, we believe that it is essential for us to take care of our community in which we operate. And with the COVID-19 pandemic, we thought it necessary…
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Niikondo appointed NUST acting VC
19 May

Niikondo appointed NUST acting VC

ObserverObserver Money, ,
Staff writer The Namibia University of Science and Technology (NUST) Council has appointed Dr Andrew Niikondo as the university’s new Acting Vice-Chancellor, effective 19 May 2020. Niikondo’s appointment follows the expiry of the acting term of Morné Du Toit, who now reverts to his substantive position of Deputy Vice-Chancellor: Finance and Administration. Dr Niikondo is expected to serve for a period of six (6) months, or until the position is substantially filled, which ever date is earlier. “It is envisaged that the recruitment of the Vice-Chancellor will be concluded in the second half of the year. The Council is confident…
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Trustco plans to retrench 300
19 May

Trustco plans to retrench 300

ObserverObserver Money, ,
Staff Writer Trust Holdings (Trustco), a company majority owned by its billionaire Managing Director, Quinton van Rooyen is planning to retrench over 300 employees. Information gleaned by the Windhoek Observer shows the company has already started the process at its Morse Investment and Northern Namibia Development Company units , and has now also written to all its employees informing them of the management decision, which is being implemented as part of cost cutting measures. “Given the current circumstances, market conditions and probability that the global economy would deteriorate even further, the decision to retrench employees in several of the operating…
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Full tuition fees unfair – NANSO
19 May

Full tuition fees unfair – NANSO

ObserverObserver Money, , ,
Andrew Kathindi The Namibia National Students Organisation (NANSO) says students should not have to pay full tuition fees while not receiving full tuition services. NANSO Secretary-General, Patience Masua speaking to Windhoek Observer, said it doesn’t make sense for education institutions to charge full school fees in the midst of the world wide pandemic and national state of emergency, given that all students have been at home. “No institution can demand full costs if they don’t deliver services at full capacity. If you’re not paying for electricity, water, full salaries etc, there’s no way that you can demand full fees. Even…
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Artists on lockdown: Jyz Yorke
19 May

Artists on lockdown: Jyz Yorke

ObserverUncategorised,
Thandi Kawerama The State of Emergency has brought drastic changes to various industries in our country, and the music industry is no exception. Concerts, festivals and other forms of promotion have been cancelled in light of the global pandemic. Entertainers are facing challenges during the lockdown to get the exposure they need to reach their audiences. Local artist Jyz Yorke recently chatted with us, over the phone of course, about what he’s been up to during the State of Emergency, his future plans, and how he realized that creating your own community as an artist will keep you afloat even…
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19 May

Learning during lockdown

ObserverUncategorised, ,
Albin Jacobs With Stage 2 of the phased State of Emergency set to run for another few weeks, life really has transformed in Namibia. Life as we know it across the globe has changed forever. We have all been trying to keep busy, some still just trying to work from home, others baking, learning to paint, catching up on sleep or rehearsing the ever-important TikTok dances. We all cope in different ways. Some are picking up studies that fell by the wayside, or finally finding the time to sit and think how to develop themselves academically. This is where distance…
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19 May

If you need help, ask for it

ObserverNational News, ,
Namibia faces a serious problem of re-paying the Eurobonds that will come due in October 2021. The time for outside professional, experienced professionals to address the problem has come. This cannot be done on the cheap. We are loathed to make this admission. We have always criticized government ministries about their dependence on foreign consultants. Since independence, Namibia has spent hundreds of millions in hard currency for consultants. Ministries have paid consultants to do their jobs for them over 30 years. Consultants contracted for a month to help write one document, were given every assignment under the sun. Consultants paid…
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16 May

Get out of your head and get into something new

ObserverUncategorised,
Jackie Wilson Asheeke Check out WhatsOn Namibia - delia@whatsonnamibia.com It is time to get back into the saddle…at least a little bit. Get on to the mailing list of WhatsonNamibia noted above. They will send you notices of different events that are happening virtually and after this cup passes, they will send events that you can attend. I think this is a part of the new normal! I rarely have time after a long day at work to go to Song Night, but I always have wanted to go. Now, because it is online on Wednesdays, I’ll be able to…
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