Blog – Page 825 – News Stand

20 Feb

Trade unions relevant as long as workers’ exploitation continues

info_e12wt4csUncategorisedEvalistus Kaaronda, NUNW, Shoprite workers, trade unions

Kae Matundu-Tjiparuro Increasingly aspersions have been cast by different sectors of society including social, political and economic analysts and commentators, as well as the media, on the efficacy and efficiency of local trade unions and unionists. Some commentators and analysts even doubting and questioning the relevance of trade unions, unionists anymore. Any ideologues worth the salt cannot but seriously ponder such postulations if not dismiss the all together. Because the essence of trade unions and unionists is the old age struggle of the workers in any society against the exploitative system. In the true principle of dialectical materialism workers, and…

20 Feb

The Time Traveler: Air Namibia, and building things that last

info_e12wt4csUncategorisedAir Namibia, building things that last

Hugh Ellis Everyone who came back from exile has different memories of the trip home. One that stands out for me is my first sight of the Air Namibia (then still Namib Air) airplane, with its distinctive logo, through the window of Frankfurt Airport. I was only 12 years old then, but it was the first time I remember feeling a sense of national pride. Air Namibia’s forthcoming liquidation hurts. It hurts hard. For 600 employees who will now lose their jobs, this hurt is doubtless far, far worse. I am truly sad that Air Namibia, at least for a…

20 Feb

Abortion debate huddles in Parliament

info_e12wt4csUncategorisedAbortion debate, Ester Muinjangue

Kandjemuni Kamuiiri The much anticipated Parliamentary debate on legalizing abortion in Namibia could fail to materialize this year, with the National Assembly confirming that the motion, which lapsed last year, had not been re-tabled and thus not scheduled to be debated by the house. This comes after Deputy Minister of Health, Ester Muinjangue who tabled the legalization of abortion last year, had maintained that the discussion will happen at the beginning of the year when the Parliament reopens for 2021. “As far as I am concerned the matter was still up for discussion, the motion has not lapsed, it is…

20 Feb

Challenge Air lawyers start hunt for Air Namibia’s assets

info_e12wt4csUncategorisedAir Namibia’s assets, Anicent Baun, Challenge Air lawyers, EURO 5

Andrew Kathindi Lawyers representing Anicent Baun, liquidators representing Challenge Air on Friday served Air Namibia with a writ of execution after the airline breached a settlement agreement, where it was supposed to have paid N$ 103 million by end of day Thursday. According to the writ of execution, in possession of Windhoek Observer, a public auction of the airliner’s assets is to be held in order to raise EURO 5,800,000.00, or its equivalence in Namibian dollars at the rate of 20 per cent. This amount is to be deemed tempore morae, a legal term meaning the interest on a claim…

19 Feb

RMB wins global finance magazine award

info_e12wt4csUncategorisedGlobal Finance magazine, RMB Namibia

Staff Writer RMB Namibia has been recognised by Global Finance magazine as the 2021 Best Treasury and Cash Management Bank. “We are extremely proud of Global Finance’s recognition of the long-term value we orchestrate for our clients. With the advent of Covid-19, the importance of innovative and self-service electronic banking channels that enable multijurisdictional optimisation of liquidity and cash management have become even more vital for corporates.” RMB Namibia CEO Philip Chapman said. RMB’s launch of multiple country online balance viewing and local and cross-border online payments, including the ability to invest through online channels, has enabled global treasurers to…

19 Feb

Alternative channels: affordable and accessible to all

info_e12wt4csUncategorisedFNB Namibia, FNB Points of Presence

Staff Writer “Over the past few years, FNB Namibia has focused on developing a strong financial service offering, with special emphasis on digitisation, says Rodney Forbes, Executive Officer: FNB Points of Presence. “This means that we are constantly finding ways and means to ensure that every customer of ours has access to banking services without a physical branch”. Forbes advised that the digitisation strategy of FNB has been successful thus far and has cemented the outlook of the bank that expanding and increasing its branch and ATM footprint is not part of the bank’s overall digitalisation strategy. “We review our…

19 Feb

Health ministry rules out test for Chinese vaccine

info_e12wt4csObserver Money

Maria Hamutenya Ministry of Health and Social Services (MOHSS) says no compatibility tests will be made on the donated Chinese vaccine, which is set to arrive in Namibia soon. This comes after the Chines Ambassador Zhang Yiming yesterday, (Thursday) announced that it will be donating 100 000 Covid-19 vaccine doses on the request of the Namibian government. Despite findings that another Covid-19 drug developed by AstraZeneca and also due to arrive in Namibia at the end of the month under the COVAX facility is less effective on the new Covid strain, the ministry’s Executive Director, Ben Nangombe, is adamant there…

19 Feb

Government stands firm on Air Namibia liquidation

info_e12wt4csObserver MoneyAir Namibia, Finance minister, Government, Iipumbi Shiimi

Andrew Kathindi The Government is not backing down from its decision to voluntarily liquidate Air Namibia, after Finance Minister, Iipumbi Shiimi, yesterday (Thursday) defended government’s stance on the matter. “At this stage, the country’s economy can no longer afford to perpetually provide financial support to Air Namibia at the expense of supporting economic growth and critical social services. It is, therefore, with that consideration that government took a decision to file for the voluntary liquidation of Air Namibia,” said the Finance minister. This comes as Prime Minister Saara Kuugongelwa was also quoted by the local media saying government will not…

18 Feb

Govt to lose N$600m in quota fees …as 1100 jobs are threatened

info_e12wt4csUncategorisedFishcor, Government Gazettes, Seaflower Pelagic Processing (SPP)

Staff Writer African Selection Fishing Namibia (AFSN) Chairperson and Seaflower Pelagic Processing (SPP) majority shareholder, Adriaan (AJ) Louw, says N$ 600 million in quota fees alone, over the next 12 years, could be lost to Government, should it proceeds to approve the attempted termination of the joint venture between National Fishing Corporation of Namibia Limited (Fishcor) and AFSN. The businessman confirmed that over and above the quota fees of N$ 48 million per year, Fishcor could also lose their 40 percent share in the investment made. Employment of 655 workers will also be in jeopardy, while another 450 workers already…

18 Feb

BoN maintains Repo rate unchanged

info_e12wt4csObserver MoneyBank of Namibia (BoN), Governor Johannes !Gawaxab

Staff Writer The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) resolved to keep the repo rate unchanged at 3.75 percent, Governor Johannes !Gawaxab, announced yesterday, on Wednesday. “The MPC is of the view that the rate remains appropriate to continue supporting domestic economic activity, while at the same time safeguarding the one-to-one link between the Namibia Dollar and the South African Rand. This decision was taken following a review of global, regional and domestic economic and financial developments.” Namibia’s stock of international reserves as on the 31st January, 2021, according to BoN, stood at N$34.4 billion compared…