Featured – Page 19 – Windhoek Observer

16 Aug

Trade ministry gets IT equipment worth N$ 123 m to boost international markets

ObserverFeatured, Observer MoneyTrade has received Information Technology (IT), Trade ministry gets IT equipment worth N$ 123 m to boost international markets

Martin Endjala The Ministry of Industrialisation and Trade has received Information Technology (IT) equipment from the European Union (EU) worth N$ 123 million to help the country boost international markets. The equipment is provided through the Economic Partnership Agreement (EPA) Implementation Plan Programme that exist between Namibia and the EU. They are intended to assist operations of the Directorate of International Trade Programme in the ministry, which aims to enhance Namibia’s access to export markets by improving the Government’s capacity to manage international trade agreements, with a specific focus on trade with the EU. During the handover ceremony which took…

15 Aug

Namibian Toastmaster to Compete for World Championship Title

ObserverFeatured, National NewsNamibian Toastmaster to Competefor World Championship Title

Nikhita Winkler The annual Toastmasters event, renowned as the pinnacle of public speaking competitions, draws participants from across the globe, spanning over 100 countries. In the illustrious 85-year history of this prestigious competition, Africa has achieved victory on only two occasions, highlighting the extraordinary accomplishment of Verity Price from South Africa in 2021 and Cyril Junior Dim from Zimbabwe in 2022. Now, it is with great honor that I follow in their footsteps, proudly representing Namibia as the first semifinalist from our nation, taking my place among the distinguished top 28 contenders at this year’s World Championship, scheduled to be…

14 Aug

The Empress of Real Estate…An exclusive interview with Petrina Keramen

ObserverFeaturedMariental and Gibeon., The Empress of Real Estate...An exclusive interview with Petrina Keramen

Having had over half a decade’s worth of experience under her belt in the real estate industry, Petrina Keramen has quickly risen to become one of the country’s leading property specialists.She boasts an extensive real estate portfolio that includes a client base ranging from theneveryday buyer, entrepreneurs, investors and government agencies, to large corporations. Can you tell us where Petrina hails from?Petrina, hails from Windhoek born and bred. I attended primary and completed secondary school here.The Keramen family actually hails from the South of Namibia, namely Mariental and Gibeon.I am the middle child of 3 children with an elder sister…

14 Aug

July month-on-month inflation rate decrease to 4.5%

ObserverFeatured, Observer Money12-month average annual inflation rate from August 2022 to July 2023, Alex Shimuafeni, July month-on-month inflation rate decrease to 4.5%

Martin Endjala THE monthly report recently released by Namibia Statistic Agency (NSA) Statistician-General and Chief Executive Officer, Alex Shimuafeni highlighted that the inflation rate performance for the month of July decreased to 4.5 percent compared to 6.8 recorded in the same month last year. Meanwhile, the statistics also revealed that the 12-month average annual inflation rate from August 2022 to July 2023 was estimated at 6.6 percent. The annual inflation rate for housing, water, electricity, gas, and other fuels components, which accounts for 28.4 percent of the consumer basket, registered an increase of 2.7 percent during July 2023 compared to…

14 Aug

NWR campaign aimed at boosting domestic and regional tourism

ObserverFeatured, Observer Moneyf Southern African Development Community (SADC), NWR campaign aimed at boosting domestic and regional tourism, THE Namibia Wildlife Resorts (NWR)

Niël Terblanché THE Namibia Wildlife Resorts (NWR) has launched a drive to promote Namibia as a tourist destination of choice. Nelson Ashipala, the NWR’s communications manager announced that the state-owned enterprise will lower accommodation fees for Namibians and residents of Southern African Development Community (SADC) countries in a bid to increase the number of tourists visiting Namibia. According to Ashipala, the initiative offers up to 50 percent off at select resorts under the management of the NWR. "The main focus is to promote domestic and regional tourism, which is part of NWR's mandate," said Ashipala. He added that the offer…

10 Aug

Eiseb appointed Financial Intelligence Centre director

ObserverFeatured, Observer MoneyEiseb appointed Financial Intelligence Centre director

Staff Writer BRYAN Eiseb has been appointed as the incoming Director of the Financial Intelligence Centre (FIC), with his tenure beginning in January next year. This was revealed by Bank of Namibia (BoN) Governor, Johannes !Gawaxab, who also serves as the Chairperson of the Anti-Money Laundering and Combating Terrorism Council, in a media statement yesterday. The nomination of Eiseb comes at a key juncture, following the 2022 Financial Action Task Force Mutual Evaluation. Namibia is expected to demonstrate its ability to prevent and combat money laundering as well as the financing of terrorist and proliferation funding operations, according to the…

09 Aug

Medicine worth N$20m at risk of spoilage at Rundu medical store…MoHSS ignores air conditioning system repairs for two years

ObserverFeatured, National NewsDoctor Nelson Olabanji, Medicine worth N$20m at riskof spoilage at Rundu medical store…MoHSS ignores air conditioning system repairs for two years

Hertta-Maria Amutenja MEDICINE and other essential clinical supplies valued at approximately N$ 20 million are on the brink of spoilage at Rundu medical store, due to malfunctioning cooling system. The air conditioning system is said to have come to a halt almost two years ago, and remains unrepaired due to lack of funding, putting medical supplies in jeopardy. This was revealed on Tuesday by officials who are managing the medical store, while testifying before the National Council Standing Committee on Health. They said the facility’s cooling system urgently requires repair with the cost estimated to be over N$ 500 000.…

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…