Featured – Page 21 – Windhoek Observer

20 Jun

BoN declares QZ Asset Management a pyramid scheme

ObserverFeatured, Observer Money

Hertta-Maria Amutenja Following complaints by members of the public, the Bank of Namibia (BoN) has warned the public about investing their hard-earned money in an illegal scheme of QZ Asset Management. In a statement, the central bank, cautions the public to refrain from promoting or participating in the business activities of QZ Asset Management or any other unauthorised financial schemes, as such activities are against the law and may result in financial losses to those that partake in it. According to Kazembire Zemburuka, the Director of Strategic Communications and International Relations at the central bank, QZ Asset Management is marketed…

14 Jun

IUU fishing preventative action outlined

ObserverFeaturedIUU fishing preventative action outlined

Niël Terblanché Namibia is one of the member countries of the Southern African Development Community (SADC) that committed to a specialized project that is aimed at preventing illegal, unreported unregulated (IUU) fishing in collaboration with other countries in the bloc. The commitment, marked internationally on International Day for the Fight against IUU fishing, receives attention in the subregion through monitoring and control measures including tracking vessels, implementing stronger regulations and increasing collaboration between member states. The SADC Executive Secretary, Elias Magosi on International Day for the Fight against IUU fishing, said member states are working tirelessly to strengthen cooperation to…

12 Jun

Swapo given seven days to produce politburo, central committee minutes

ObserverFeaturedcentral committee minutes, Swapo given seven days to produce politburo

Stefanus Nashama Swapo member Reinhold Shipwikineni, has given the ruling party, Swapo seven days to furnish him with the minutes of the politburo meeting of 5 September 2022 and the central committee meeting of 10 September 2022. Failure to do so will mean that Shipwikineni will approach the High Court of Namibia with an application that if granted will compel Swapo to provide the documents he is looking for. This follows after Shipwikineni, through his legal representative, Nafimane Halweendo wrote a letter to Swapo Party, demanding the politburo and central committee minutes in relation to the nominations of the top…

09 Jun

Rape accused women denied bail

ObserverFeaturedAnatolia Petrus (29) and Rauha Pinhas (33) allegedly raped a 22-year-old man, Rape accused women denied bail

Staff Writer Two women from Omeege village were denied bail in the Oshakati Magistrate’s Court yesterday after they appeared on rape charges. The suspects, Anatolia Petrus (29) and Rauha Pinhas (33) allegedly raped a 22-year-old man, who is mentally challenged, on different occasions. The rape incidences occurred between May and June this year. Oshana Nampol Spokesperson Inspector Thomas Aiyambo said the crimes were committed mostly during night at different places at Omeege village. The suspects would usually find the victim at local cucashops before luring him to their houses. The victim’s aunt reported the matter to the police. The suspects…

05 Jun

Six suicides recorded over the weekend

ObserverFeaturedDeputy Commissioner Kauna Shikwambi, Six suicides recorded over the weekend

Staff Writer Last weekend, six people committed suicide in various parts of the country the latest police crime report indicated. An 80 year-old man from Onanghulo village in Eenhana district forms part of these staggering statistics after he hanged himself with a rope yesterday. Nampol Spokesperson Deputy Commissioner Kauna Shikwambi said the deceased hanged himself at an unknown time. He has since been identified as Jeutkus Mwandingi. Shikwambi added that Mwandingi hanged himself on a tree in his communal land. He was residing with his wife and five children. No foul play is suspected and his next of kin were…

01 Jun

Diesel gets much cheaper in June

ObserverFeatured, Observer Money

Niël Terblanché The sharp upward curve in the cost of consumer goods in Namibia will flatten off with diesel prices that will be significantly cheaper as of next week Wednesday. The Ministry of Mines and Energy has announced that the price for petrol will remain unchanged while the pump price for 50 ppm diesel will decrease by 80 cents and 10 ppm diesel by 60 cents.The new fuel prices in Namibia will be implemented at midnight next Wednesday. As a result of the downward adjustment the price of 50 ppm diesel will be N$19.00 and 10 ppm diesel will be…

01 Jun

Regional conference on information and communication rights in Africa commences

ObserverFeaturedRegional conference on information and communication rights in Africa

Staff Writer The Namibia Media Trust (NMT) in collaboration with UNESCO, fesmedia and ACHPR is hosting a Three Day Regional conference on information and communication rights in Africa. During the conference, Information Minister Peya Mushelenga delivered a keynote address stating that Africa is guided by the African Charter on Human and Peoples’ Rights, which provides that Every individual shall have the right to receive information and that Every individual shall have the right to express and disseminate his opinions within the law.“Article 1 of the African Charter obliges States Parties to adopt legislative, or other measures to give effect to…

01 Jun

DBN appoints new CEO

ObserverFeatured, Observer MoneyDBN appoints new CEO

Niël Terblanché John Steytler, a seasoned Economist and a former Presidential Economic Advisor, has been appointed as the new Chief Executive Officer of the Development Bank of Namibia. The appointment was announced by Sarel van Zyl, the DBN’s Board of Directors chairperson. In a statement, Van Zyl expressed confidence and support to the incoming CEO and wished him well as he came to champion the strategic direction of the DBN with the help of a seasoned team of executives. “I expect Dr Steytler and his executive team to play a significant role in the recovery and future development of the…

31 May

Namfisa levels the consumer credit playing field

ObserverFeaturedConsumer Credit Bill., Namfisa levels the consumer credit playing field

Martin Endjala The Namibia Financial Institutions Supervisory Authority has resolved to level the playing field following its announcement yesterday that it will be consulting stakeholders on proposed amendments to the Consumer Credit Bill. This means that money lenders will now be under the scrutiny of Namfisa and those who do not fall in line will face the repercussions should the draft bill be endorsed after it undergoes a makeover. Namfisa has been tasked by the Minister of Finance and Public Enterprises to spearhead the drafting of the Consumer Credit Bill to enhance the regulatory and supervisory oversight of all consumer…

30 May

ELCIN Bishops appeal to Geingob on same-sex judgment

ObserverFeatured

Stefanus Nashama Following the Supreme Court’s landmark ruling compelling the Namibian government to recognize same-sex marriages that are certified in jurisdictions outside the country, seven retired Bishops of the Evangelical Lutheran Church of Namibia (ELCIN) have written a letter to President Hage Geingob, requesting him to intervene and exercise his powers to enable the Supreme Court to revert its ruling. The retired Bishops, Kleopas Dumeni, Apollos Kaulinge, Tomas Shivute, Johannes Sindano, Josefat Shanghala, Veikko Munyika and Shekutaamba Nambala said in an open letter that the government should order the Supreme Court to reverse its ruling on recognizing same-sex marriages and…