Blog – Page 9 – News Stand

16 Apr

Inflation will remain on the high side

info_e12wt4csObserver Money

CHAMWE KAIRA FNB Namibia economist Helena Mboti is of the view that inflation will remain elevated but relatively contained. “We expect transport inflation to stay muted amid subdued demand and ongoing geopolitical uncertainty. However, housing and utilities inflation is likely to remain high because of the expected increase in electricity tariffs in 2025,” she said. In 2024, the government subsidised NamPower's proposed 8% electricity tariff hike, allowing electricity costs to remain unchanged for the year.. Mboti said as a result, NamPower is likely to propose a larger tariff increase in 2025 to recover deferred costs. “We also expect continued pressures…

16 Apr

Reconnaissance making drilling progress in Kavango

info_e12wt4csObserver Money

CHAMWE KAIRA Reconnaissance Energy Africa Ltd has announced a drilling update on Prospect I. IProspect I is located onshore in Kavango in Petroleum Exploration Licence 073 (PEL73) and is the company’s largest prospect to be drilled so far. The company is targeting an estimated 365 million barrels of unrisked and 32 million barrels of risked prospective light to medium oil resources. For natural gas, the estimate stands at 1.9 trillion cubic feet unrisked and 140 billion cubic feet risked, based on an independent prospective resources report by Netherland, Sewell & Associates, Inc. ReconAfrica President and CEO Brian Reinsborough said the…

16 Apr

Koryx Copper lists on NSX

info_e12wt4csObserver Money

CHAMWE KAIRA Koryx Copper Inc has announced that it has successfully completed all requirements for a dual listing on the Namibian Stock Exchange (NSX). The company's primary listing will remain on the TSX Venture Exchange in Canada. Heye Daun, President and CEO of Koryx Copper, said the dual listing reflects the company’s long-term commitment to Namibia and its mining sector. “Koryx Copper’s dual listing on the Namibian Securities Exchange marks an important milestone which demonstrates our commitment to Namibia and its thriving mining sector and well developed capital markets,” said Daun. We have a significant and highly supportive local Namibian…

16 Apr

Defending champions gear up for the 2025 Nedbank Namibian Newspaper Cup

info_e12wt4csSports

Erasmus Shalihaxwe The reigning netball and football champions of the 2024 Nedbank Namibian Newspaper Cup are preparing to defend their titles at this year’s tournament, set to take place in Outjo from Friday, 18 April to Monday, 21 April. The three-time back-to-back netball champions from the Khomas region are aiming for a fourth consecutive win. Khomas Netball Regional Secretary General Erica van Zyl said the region conducted constituency trials before selecting its final team. “Our girls have been trained in the fundamentals of netball from an early age, making the transition to the under-19 level seamless. We also have programs…

15 Apr

‘Laws alone won’t end GBV’- Pickering

info_e12wt4csMain

Ester Mbathera The executive director in the Office of the Prime Minister, Gladice Pickering, says laws alone are not enough to deal with the root causes of gender-based violence, rape, and domestic assault. Pickering said this on Monday at a high-level panel hosted by Open Society Foundations and Action Coalition-Namibia, under the theme “The Land of the Brave”. Her comments come after a series of disturbing, violent crimes reported across the country recently. “If we don't dig deep into the root causes and we are brutally honest with ourselves and each other, we are not going to win this fight…

15 Apr

KEFA clubs demand an extraordinary meeting to iron out grievances

info_e12wt4csSports

Erasmus Shalihaxwe Football clubs affiliated with the Kavango East Football Association (KEFA) have formally called on league chairperson Patrick Mukoya to convene an extraordinary annual general meeting, citing concerns over governance and the continued absence of a league constitution. In a letter addressed to Mukoya on Monday, club representatives, including Haushiku Kemba, Shankumi Mukeni, Mapa Erwin, Mukuve Thapa, and Manfred Mangundu, expressed frustration with what they described as the chairperson’s ongoing failure to uphold basic governance principles. They said Mukoya has repeatedly ignored the requirement to hold an annual general meeting at the start of each season to account for…

15 Apr

Public demands justice for Ingrid Maasdorp

info_e12wt4csNational News

Allexer Namundjembo A petition calling for justice for five-year-old Ingrid Maasdorp, who was raped and murdered in Okahandja last month, has reignited public anger over unresolved child murder cases in Namibia. The petition, launched by youth activist Kashivi Shingungu, has attracted over 4 000 signatures, reflecting growing frustration with what many see as a systemic failure by law enforcement to protect children and pursue justice in cases involving violence against minors. Maasdorp’s body was found under a bridge after she was reported missing in the early morning hours of Thursday, 22 March, and was discovered on Friday of the same…

15 Apr

LPM criticises NNN for no-show at genocide walk

info_e12wt4csNational News

Hertta-Maria Amuteja The Landless People's Movement (LPM) has criticised President Netumbo Nandi-Ndaitwah for failing to attend the annual Genocide Walk in Lüderitz on April 13. The party’s policy unit chairperson, Lazarus Kairabeb, in a statement issued on Monday, said the president’s last-minute no-show signals a lack of political will to engage with communities seeking justice and reparations for the 1904-1908 genocide. “This was supposed to be an opportunity to engage directly with the community on an issue that is so close to our hearts. The president's absence is disappointing, but it will not deter us from continuing our fight for…

15 Apr

Almost 53 000 young people applied for 2 000 police jobs

info_e12wt4csNational News

Allexer Namundjembo Applications from 52 972 young people inundated the Namibian Police Force (NAMPOL) for 2 000 positions advertised during a recent recruitment drive for the 2024/2025 financial year. The numbers were confirmed by Deputy Commissioner Kauna Shikwambi, the head of Nampol’s public relations division.. “The overall recruitment figure was 2 000, which includes a special recruitment category,” Shikwambi said. She explained that the additional candidates will be drawn from crime prevention groups such as the Women and Men Network Against Crime, NYS graduates, and reservists from across the country. This surge in applications comes at a time when the…

15 Apr

IPC assumes Erongo Regional Council chair

info_e12wt4csNational News

Niël Terblanché Independent Patriots for Change (IPC) councillor for Walvis Bay Rural Constituency, has been elected as the new chairperson of the Erongo Regional Council. Chief Regional Officer Mpenzeni Ntelamo confirmed the appointment on Tuesday and said in a statement that Florian Donatus' election follows the ousting of former chairperson Benitha Imbamba through a motion of no confidence. The motion that was tabled on 6 March by Independent Patriots for Change (IPC) councillor Deriou Benson cited leadership failures and a lack of unity under Imbamba’s leadership. Benson alleged that Imbamba operated unilaterally and failed to foster collaboration among councillors. At…