Main – Page 48 – Windhoek Observer

01 Mar

Mbumba’s role in the reintegration of Walvis Bay celebrated

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Niël Terblanché On the first day of March every year, Namibians mark the 30th anniversary of Walvis Bay's reintegration into the country. A key figure behind this momentous occasion was Dr Nangolo Mbumba, Namibia's fourth president. His instrumental role in the successful return of Walvis Bay, along with twelve small offshore islands, to Namibian sovereignty is a testament to his dedication and diplomatic acumen. Walvis Bay, Namibia's principal port and a critical economic hub, was integrated into Namibia between February 28 and March 1, 1994, a few years after the country declared its independence from South African rule on March…

01 Mar

Namibia wants to attract investors with corporate tax reduction

MainNamibia wants to attract investors with corporate tax reduction

Martin Endjala Local economic analysts are of the view that the announced reduction in corporate tax rate by the Minister of Finance and Public Enterprises, Iipumbu Shiimi, during the tabling of the National Budget in the National Assembly on Wednesday, will make Namibia more attractive to investors. According to a Simonis Storm Securities report the reduction of the corporate tax rate from 31 percent, to 28 percent, is a noteworthy move that will align Namibia’s tax rates with regional and global standards. The reduction is expected to make Namibia a preferred investment destination that will attract both domestic and foreign…

29 Feb

National Budget: A balancing act

MainNational Budget: A balancing act

Niël Terblanché As Namibia navigates the path towards economic recovery and sustainable development, the National Budget represents a strategic effort to leverage the country’s improved economic outlook for the benefit of all Namibians. Ipumbu Shiimi, the Namibian Minister of Finance and Public Enterprises, tabled the National Budget for the next fiscal year in Parliament yesterday. The budget marks a crucial moment in the country’s economic management amidst global uncertainties and a recovering domestic economy. Shiimi announced a comprehensive financial plan that aims to stimulate domestic demand, boost infrastructure development, and ensure fiscal sustainability while addressing the immediate needs of the…

28 Feb

National Budget prioritises social welfare

MainNational Budget prioritises social welfare

Niël Terblanché In a move aimed at bolstering social welfare and economic stability, Finance Minister Iipumbu Shiimi announced an increase of N$200 in the Old Age Grant and the Disability Grant from N$1,400 to N$1,600 per month The increase will become effective on 1 April 2024. He made the announcement during the tabling of the National Budget, reflecting the government’s commitment to enhancing the living standards of its most vulnerable citizens. Shiimi acknowledged the aspirations of the late President for a considerable uplift in the Old Age Grant. “We fully recognize the dream of our departed President for a significant…

28 Feb

Time for Moses generation has expired – Ally Angula

MainTime for Moses generation has expired – Ally Angula

Stefanus Nashama Ally Anugla, the hopeful independent presidential candidate in the 2024 presidential and national assembly elections, says the fight for the ‘Moses generation’ has ended, and it is time for the ‘Joshua generation’ to fight for land proprietorship and economic emancipation. Speaking at the announcement of the alliance in support of the independent candidate yesterday in Windhoek, Angula said the Namibian society is abnormal when old people are still deciding for the future. “Enough is enough. God has generations. Our forefathers went to fight for the land when they were young,” she said. Angula said the Joshua generation should…

27 Feb

Geingos pays touching tribute to her late husband

MainGeingos pays touching tribute to her late husband

Hertta-Maria Amutenja In a sombre memorial held at Independence Stadium, former First Lady, Monica Geingos delivered a poignant tribute to her late husband, former President Hage Geingob, encapsulating the profound impact of his life and the unexpected turn of events leading to his death. “His passing was traumatising and unexpected. He was eager to retire and had such plans. And true to his words, he didn’t overstay. In the last few months, he spoke often about ensuring a smooth transition. And even though he left too early, the transition was smooth; it just wasn’t the one he expected,” she remarked.…

23 Feb

Geingob leaves State Account in positive position- Shivute

MainGeingob leaves State Account in positive position- Shivute

Martin Endjala Namibia Revenue Agency (NamRA) Commissioner Sam Shivute, said that the late President Hage Geingob has left the state account in a positive position with billions of dollars, compared to how he found it. Shivute who this week paid tribute to the statesman, said there was a time in the past when the State account used to be in overdraft, but now with improved revenue collection and a call for prudent spending, the situation has improved a lot. “President Geingob was faced with the difficult task of improving the fiscal position through fiscal consolidation by cutting unnecessary spending, however,…

22 Feb

US President sends high-level delegation to attend Geingob’s funeral

MainUS President sends high-level delegation to attend Geingob’s funeral

Niël Terblanché In a gesture of solidarity and respect, President Joe Biden has announced the designation of a Presidential Delegation to attend President Hage Geingob’s State Funeral in Windhoek. According to a statement released by the White House, the Secretary of the United States Department of the Interior, Deb Haaland, will lead the delegation, accompanied by Randy Berry, the Ambassador of the United States to the Republic of Namibia; Enoh T. Ebong, Director of the United States Trade and Development Agency; Mala Adiga, Deputy Assistant to the President and Director of Policy and Projects for the First Lady; and Paula…

21 Feb

World leaders will gather for President Geingob’s final farewell

MainWorld leaders will gather for President Geingob’s final farewell

Niël Terblanché In a sincere display of international solidarity and respect, leaders from at least 27 countries are set to converge in Namibia for the final memorial and state funeral services of the late President Hage Geingob. The Minister of Information and Communication Technology, Emma Theofelus, announced that the ceremony will see an unprecedented gathering of 18 Heads of State, alongside Prime Ministers, Speakers, and Ambassadors at Large, reflecting the global impact of President Geingob’s legacy. As the capital city braces for the influx of dignitaries, the government has issued a call to road users to observe traffic regulations, ensuring…

20 Feb

Business community pays homage to Geingob

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Martin Endjala In a unified voice, the Business community yesterday paid tribute to the late President Hage Geingob, describing him as a man of inclusivity and shared prosperity during a memorial service at Casa Rosalia. Ohlthaver & List Group, Chairman Sven Thieme, recalled his first encounter with Geingob at the opening of Mokuti Lodge, when he was the Prime Minister, marking the beginning of a relationship that would evolve into a deep and enduring friendship. “This bond extended through to the establishment of landmarks like the Wernhil mall, Namibia's first shopping mall, reflecting our confidence in the nation's leadership and…