Featured – Page 18 – Windhoek Observer

03 Aug

NASRIA declares N$10m dividend

ObserverFeatured, National News, Observer MoneyNamibia Special Risk Insurance Association Limited (NASRIA), NASRIA declares N$10m dividend

Martin Endjala Namibia Special Risk Insurance Association Limited (NASRIA) has declared a dividend of N$ 10 million to government for the fiscal year 2023. NASRIA board chairperson, Adrianus Vugs made the announcement on Wednesday during a dividend handover ceremony. He stated that, despite the country’s economic headwinds, the recent dividend payment demonstrates NASRIA’s resilience and ability to respond to shifting dynamics in the financial services sector and the fiscus at large. In addition, the Insurance Company declared dividends of N$ 6.8 million in 2020, N$ 10 million in 2021, and N$ 7.7 million in 2022. NASRIA is Namibia’s only special…

02 Aug

Namibia suffers over N$1 billion trade deficit

ObserverFeatured, Observer Moneydeficit of N$1.4 billion, N$10.1 billion, Namibia suffers over N$1 billion trade deficit, National Statistics Agency (NSA)

Hertta-Maria Amutenja Namibia suffered a trade deficit of N$1.4 billion in June after importing goods worth N$10.1 billion while only managing to export goods valued at N$8.7 billion. This was revealed by National Statistics Agency (NSA) Statistician General and Chief Executive Officer, Alex Shimuafeni.According to Shimuafeni, Namibia’s export earnings in June decreased by 5.9 percent from N$9.2 billion to N$8.7 billion recorded last month. "The country's trade balance stood at a deficit of N$1.4 billion in June, compared to a trade deficit of N$2.8 billion and N$129 million in May 2023 and June2022, respectively," he said. He went on to…

01 Aug

Nedbank Namibia opens first in-store agency in Mariental

ObserverFeatured, Observer MoneyNedbank Namibia opens first in-store agency in Mariental

Staff WriterNEDBANK Namibia officially opened doors to their new in-store agency in Mariental.The agency, which is based at the Woermann & Brock Supermarket, will see four Nedbank staff offer sales and enquiries services to the Mariental populace.The official opening was graced by Mariental Mayor, Cherien Kock, and members of the Nedbank Namibia leadership, which included Central, Coastal and Southern regions Area Manager, Nicholas Christians, Head of Personal Loans, Erastus Haihambo, Nedbank Namibia Head of Marketing and Communications, Gernot de Klerk, and members of the Mariental business community.The Nedbank team officiated the event, and officially opened the doors to the agency…

30 Jul

A Radical Revolutionary Redefining African Artistry

ObserverFeaturedA Radical Revolutionary Redefining African Artistry

Nora Chipaumire, the Zimbabwean “rock star of downtown dance,” has emerged as a beacon of radical and revolutionary artistry, challenging stereotypes, and empowering African artists. Until recently, her name may have been unfamiliar to many, but once you delve into her work, you’ll find a transformative journey that redefines the very essence of contemporary African art. A Voice for Empowerment and DecolonizationBorn in Rhodesia in 1965, Nora Chipaumire has garnered numerous awards for her groundbreaking contributions to contemporary art. Her bold approach challenges preconceived notions about Africa, shedding light on the power of the black performing body and its unique…

30 Jul

Artist in the spotlight:Takudzwa Mukesi

ObserverFeaturedArtist in the spotlight:Takudzwa Mukesi

Takudzwa Mukesi is a 22year old Zimbabwean national living in Namibia. He is an all-round senior architectural technologist, artist, and researcher. He has completed his bachelor’s and honors degrees in architecture and currently pursuing his master’s in architecture at the Namibia University of Science and Technology. He makes visual art and architectural explorations under the name skeptic world. Takudzwa makes use of different fields in visual representation and communication that include architecture, video art, photography, graphic design painting, model building, graffiti, fashion design visual art. He has worked on institutional projects for the Namibia and the City of Windhoek that…

30 Jul

Tuafi and the Art of Marketing

ObserverFeaturedTuafi and the Art of Marketing

Tuafi Shafombabi is a Communications and Marketing Specialist currently employed at the National Housing Enterprise (NHE) as Acting Corporate Communication and Marketing Manager. She has experience in brand management, corporate communication, stakeholder relations and social responsibility. With vast experience within the mining, agriculture, ICT and construction industry she has demonstrated public relations. A passionate and certified Public Relations specialist accredited by PRISA (Public Relations Institute of South Africa).She holds a Media Management postgraduate Diploma from Rhodes University, an Honours Bachelor’s degree in Journalism and Communication, A National Diploma in Journalism and Communication Technology from the University of Technology (NUST), a…

28 Jul

Namdia to pay N$300m dividend

ObserverFeatured, Observer MoneyNamdia to pay N$300m dividend

CHAMWE KAIRA Namib Desert Diamonds (Pty) Ltd or Namdia is expected to pay N$300 million in dividends to the government in the current financial year, the company revealed this during a presentation on Monday. In 2021/22, the company declared a dividend of N$150 million compared to N$40 million the previous year. In the 2019/20 financial year, Namdia declared a profit of N$80 million compared to N$50 million in 2018/2019. The company has been growing its profit after tax from N$61 million in 2016/2017 to N$409 million in 2022/2023 in 2022/2023. The amount of carats sold by the company has increased…

28 Jul

NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1,32 billion in taxes

ObserverFeatured, Observer Money32 billion in taxes, NamRA’s ‘fishy’ tax assessment disputed…. Fishing industry says it contributes N$1

The Confederation of Namibian Fishing Associations has said according to its estimates the fishing industry contributed N$1,32 billion dollars in taxes and levy contributions to the state coffers in its last assessment of the fishing industry. Namibia Revenue Agency (NamRA) executives expressed concern on what was said to be the minimal contribution of the fishing sector in taxes. Despite its massive size, NamRA officials said the fishing industry’s contribution to tax revenue was one of the lowest of major industries. Figures presented by NamRA Commissioner, Sam Shivute during a meeting with President Hage Geingob showed that compared to other key…

26 Jul

The business community is a vital component of the mid-term budget

ObserverFeatured, Observer MoneyThe business community is a vital component of the mid-term budget

Niël Terblanché The Ministry of Finance and Public Enterprises along with the National Planning Commission will conduct a comprehensive mid-term budget review in various regions across the country. According to a statement provided by the finance ministry, the Minister of Finance and Public Enterprises, lipumbu Shiimi, will personally conduct the campaign with members of the National Planning Commission. “This initiative aims to assess the progress made thus far and identify areas where adjustments may be required to ensure effective fiscal management and equitable economic growth,” the statement said. During the visits to the various regions, the finance minister will engage…

25 Jul

Namfisa will not prevent voluntary dissolution of medical aid funds

ObserverFeatured, Observer MoneyJoanette Eises said that Namfisa, Namfisa will not prevent voluntary dissolution of medical aid funds, y BankMed Namibia

Martin Endjala The Namibia Financial Institutions Supervisory Authority (Namfisa) has reiterated that in terms of its prudential supervision of medical aid funds, it does not necessarily prevent the liquidation or voluntary dissolution of such funds. Namfisa stated that its function is merely to reduce the likelihood of liquidation or dissolution as other unforeseen factors may also adversely impact the business of a medical aid fund. This comes after it was brought to the attention of Namfisa about speculation and circulation of information, regarding the financial status and future sustainability of one of the medical aid funds, namely BankMed Namibia, which…