Main – Page 38 – Windhoek Observer

07 Mar

Namcor anticipates more oil discoveries

ObserverMainNamcor anticipates more oil discoveries

Steve Nashama The National Petroleum Corporation of Namibia (Namcor) has made a third oil discovery with partners Shell and QatarEnergy in the Jonker-1X deep-water exploration well in Block 2913A & 2914B in the Orange Basin, offshore southern Namibia. Namcor’s Managing Director, Immanuel Mulunga, says they have proven beyond reasonable doubt that the Orange Basin contains multi-billion barrels of oil and gas reserves. The company’s Spokesperson, Paulo Coelho, reveals that the drilling operations commenced in December 2022 and were completed safely early this month. The Jonker-1X discovery is the third well drilled on the license held by Shell within a year.…

06 Mar

Namibia could supply SA with electricity in 2026

ObserverMainDr Leake Hangala, Namibia could supply SA with electricity in 2026

Staff Reporter Renowned Businessman and the first Permanent Secretary of the Ministry of Mines and Energy, Dr Leake Hangala says that by 2026, Namibia will have the potential to supply electricity to South Africa and the rest of southern Africa. This, he said would be possible with the setting up of a gas power station, come 2026. “The colleagues who are involved with the development of Kudu Gas are professional, well qualified and well resourced. We must support the venture of putting up a gas power plant near Lüderitz. We will have enough electricity to send to South Africa and…

04 Mar

SoEs ministry refuses to take accountability for five companies without CEO

ObserverMainEsther Nakale, SoEs ministry refuses to take accountability for five companies without CEO, t Chief Executive Officers and Managing Directors

Martin Endjala The Ministry of Finance and Public Enterprise has strongly rejected that it is to blame for the current five Public Enterprises that have been without Chief Executive Officers and Managing Directors for a lengthy period. The Ministry Spokesperson Wilson Shikoto said that out of 81 Public Enterprises in the country, five are without CEOs, namely the Agro-Marketing and Trade Agency (AMTA), Roads Contractor Company (RCC), Namibian Standards Institution (NSI),AGRIBUSDEV and the Namibia Student Financial Assistance Fund (NSFAF). Shikoto told the Windhoek Observer that the Board of Directors of the companies are responsible for the appointments of Chief Executive…

03 Mar

“What nonsense is this?” – Alweendo

ObserverMainIvan Skrywer, Presiding Magistrate Venatius Alweendo, “What nonsense is this?” - Alweendo

Martin Endjala The City of Windhoek Council this evening voted Affirmative Repositioning Movement Leader Job Amupanda and Landless People’s Movement Councilor Ivan Skrywer to serve on the Management Committee, after numerous failed attempts by the council. The two were duly declared elected by the Presiding Magistrate Venatius Alweendo upon their nomination and acceptance. This evening’s special Council meeting was the fifth attempt to vote and fill the two positions that were vacant. Rural and Urban Development Minister Erastus Uutoni had given the Council until tomorrow to fill the vacancies. Drama unfolded at the start of today’s meeting as the Councillors…

02 Mar

SA greylisting not affecting Namibia: BoN

ObserverMainFinancial Action Task Force (FATF), Kazembire Zemburuka, SA greylisting not affecting Namibia: BoN

Martin Endjala The Bank of Namibia has clarified its position amidst reports of South Africa’s greylisting by the Financial Action Task Force (FATF) stating that Namibia’s financial transactions with the rest of the world and capital flows to and from the jurisdiction will continue uninterrupted. This is despite the country’s ties and exposure to the South African financial system. The Bank of Namibia Director Strategic Communications and International Relations, Kazembire Zemburuka, confirmed this in a statement in response to concerns raised by some economists and Namibians at large. He said that as an independent and sovereign state, Namibia is going…

28 Feb

Are unions still relevant in the country?

ObserverMainAre unions still relevant in the country?, Namibia Economic Freedom Fighters (NEFF)

Martin Endjala The recent events of exploitation of workers by employers and the downing of tools by workers has put workers unions on the spot, with many questioning the relevance of unions. Many claim that unions are absent of and no longer represent workers fairly. Unions are now under immense pressure to up their game or risk losing members as some feel that it is pointless to belong to a union and not benefit. Kalimbo Iipumbu, Vice President of the Namibia Economic Freedom Fighters (NEFF) said today that unions are useless, in that they are only pocketing money from workers.…