Blog – Page 917 – News Stand

05 Jun

SONA in a time of crisis is a challenge

info_e12wt4csNational NewsNamibia Equitable Economic Empowerment Bill (NEEEB), State of the Nation Address (SONA)

What can any leader really say during the worse time in the history of the country he was elected to lead? President Geingob’s State of the Nation Address (SONA) rehashed the drips and drops of positive news that have already been in headlines. The speech tries to convince the nation that the glass is half full; many will still see it as half empty. In our view, the Finance Minister’s budget speech presents the real SONA. The president stated the disturbingly high unemployment statistics for Namibia that we already knew, (i.e., 33 percent in general with youth unemployment at 46.1…

05 Jun

Trustco secures N$345m loan

info_e12wt4csUncategorisedCovid-19, German, Trustco, Trustco Finance, Trustco Group Holdings Limited

Staff Writer Trustco Finance, a subsidiary of Trustco Group Holdings Limited has secured a US$20 million (approximately N$345 million) loan from Deutsche Investitions Und Entwicklungsgesellschaft, a German development finance institution. The loan approval is, however, subject to a final agreement currently being drafted. The bulk of the facility will be used to provide student financing, offered by Trustco Finance, as well as enhancing the educational facilities offered by the Institute for Open Learning (Pty) Ltd (“IOL”), while funding will also be made available to existing students to restructure and refinance their existing obligations as part of the group’s COVID-19 relief…

05 Jun

Germany continues support for COVID-19 testing in Namibia

info_e12wt4csObserver MoneyCovid-19, Germany, MoHSS, Namibia

Staff Writer Rapidly identifying infections with the novel corona virus (SARS-CoV-2) is crucial to enable immediate outbreak management and to initiate public health interventions. Germany therefore supports the development of testing capacities for COVID-19 in Namibia. After a first diagnostic laboratory training in Windhoek in the beginning of March the German partners continue to provide critical testing materials like swabs and reagents. This has enabled the Namibia Institute of Pathology (NIP) to conduct more than 2,000 tests in Namibia so far. This support is based on a recently established working relationship as part of a twinning project between the Robert…

05 Jun

I have done nothing wrong – Shiyuka

info_e12wt4csObserver MoneyAmos Shiyuka, Community Security Solutions Namibia (CSS), Namibian Police Force, NAMPOL

Staff Writer The Windhoek Observer (WO) recently caught up with businessman and Community Security Solutions Namibia (CSS) Managing Director, Amos Shiyuka (AS) regarding fraud charged laid against him by the Namibian Police Force (Nampol), amid allegations of price inflating. Below is an excerpt of the interview. WO: Have you been formally charged or questioned by the police regarding accusations of fraud that have been lodged against you and your company? AS: No, at this point there have been no formal charges laid nor have I been formally questioned. WO: Could you give reasons for the discrepancy between the contract price…

05 Jun

Drama in Parliament as Geingob delivers SONA

info_e12wt4csObserver MoneyHarambee Prosperity Plan, Ministers, Parliament, president Hage Geingob, State of the Nation Address (SONA)

Staff Writer It was an eventful day in Parliament when President Hage Geingob delivered his first State of the Nation Address (SONA) on Thursday. The address unlike his previous addresses during his first administration did not go as smoothly, as opposition parties in Parliament interrupted him. At one stage, the President took his seat while the Speaker of the National Assembly, Peter Katjavivi brought the house to order. In his address, the President said he was aware of the challenges currently faced by Namibians due to the negative impact of COVID-19. “Fellow Namibians, I share in your anxieties. I understand…

04 Jun

Everything is connected

info_e12wt4csNational NewsCivil servants, lockdown

People are uncertain these days. The economy is in decline. Solutions to lift it up will be slow, painful and might not work. The pandemic might take turns that no one can predict (though we all hope not). In such distressing circumstances, selfishness easily emerges in people and in businesses. Far too many are ready to step on the bodies of others, just to get to the lifeboats first. To avoid the stampede of self-preservation, we all must understand that everything is connected. The money needed to be paid to others must come from others who don’t have money because…

03 Jun

Get Deezer – put together your own playlist

info_e12wt4csUncategorisedDeezer

…spend time singing to yourself Jackie Wilson Asheeke Even though things are opening up again, the down time on our own should have taught us ways to have fun at home, in our own gardens, with our family members and for less money than we otherwise would have spent. Check out the music service called: “#Deezer”. Since I found it, I have been singing different songs in the shower and to my pets. My 2 dogs and 2 cats told me they love hearing the updated music (they were getting tired of hearing the same old songs). Deezer has nearly…

03 Jun

Schools want absolution

info_e12wt4csNational News

As schools partially re-open this week, some are forcing parents to sign indemnity forms that they assume will relieve these educational institutions of any responsibility for protecting learners from exposure to COVID-19. Are these forms a type of ‘washing of the hands’ ala Pontius Pilot or are they an insensitive bureaucratic step that leaves parents even more uncertain? During a time of crisis, reassurance is needed. People are nervous and uncertain, particularly parents of school aged kids. Institutions of stability like the government, churches and schools must step up to their higher place in society. They must lead from the…

02 Jun

Business leadership during a crisis

info_e12wt4csUncategorisedBusiness, Covid-19, leadership

Mbo Mena Luvindao Merriam-Webster defines a crisis as "an unstable or difficult time or state of affairs". It is unplanned or uncontrolled change. During times of crisis, leadership is critical. While the existing economic crisis caused by COVID-19 is unprecedented, small businesses have historically proved themselves to be flexible and resilient. The crisis has led to paradigm shifts in the way we view and conduct our business - don’t bury your head in the sand, but consider new ways of doing things as an entrepreneur. COVID-19 has changed the way we work, and in some industries, it has forced companies…

02 Jun

WHK informal settlements to get electricity

info_e12wt4csObserver MoneyCovid-19, Electricity Control Board (ECB), NamPower

Staff Writer NamPower and the City of Windhoek have signed a “Project Development and Transfer Agreement on the Electrification of Peri-urban Areas in the Municipality of Windhoek.” The project will be funded by NamPower to the tune of N$15.5 million as part of its Corporate Social Investment (CSI), aims to electrify 1,000 households in peri-urban areas of Windhoek. “According to this agreement, NamPower is committing to contribute to the improvement of the lives of communities living in peri-urban areas, in and around Windhoek, by providing electricity to one thousand (1,000) households, as part of NamPower’s corporate social investment,” NamPower Managing…