National News – Page 338 – Windhoek Observer

19 Aug

BoN considers optimizing on Southern boom

ObserverNational NewsBank’s Director of Strategic Communications and International Relations Kazembire Zemburuka, BoN considers optimizing on Southern boom, Green Hydrogen

Tujoromajo Kasuto The Bank of Namibia (BoN) is considering riding on the boom in the south of the country through the Green Hydrogen revolution, Neckartal Dam irrigation project and oil discoveries to establish a southern branch there to support stakeholders with applied research. According to the Bank’s Director of Strategic Communications and International Relations Kazembire Zemburuka the commercial viability of these projects will prompt a proposal for such an establishment. ‘’Given the recent economic developments in the South such as Green Hydrogen, Neckartal Dam irrigation project and oil discoveries, the Bank of Namibia is on record having stated that it…

19 Aug

DBN announces retirement of CEO a year ahead

ObserverNational NewsDBN announces retirement of CEO a year ahead, Jerome Mutumba, Martin Inkumbi

Martin Endjala The Board of the Development Bank of Namibia (DBN) has announced that Martin Inkumbi, CEO of the Bank, will step down from his position in August 2023, at the end of his current second five-year tenure, as he would not seek reappointment after serving ten years in the role. The Board has since commissioned the commencement of the recruitment process to ensure a seamless transition at the time of Inkumbi departure. During the intervening period, the Board will seek a potential successor in a transparent manner with the assistance of an external recruitment agency. This was confirmed today…

19 Aug

Nam Dairies under fire over oil spill

ObserverNational NewsHigh Court of Namibia, N$24 million, Nam Dairies under fire over oil spill, Namibia Diaries is facing a fine of N$24 million

staff Writer Namibia Diaries is facing a fine of N$24 million from the City of Windhoek for allegedly discharging oil into the sewer line causing damage to the sewerage system and the environment in early February 2019. Around 6 000 litres of heavy oil spilled into Windhoek’s sewer system after a pipe burst at one of its plants. It is alleged that a safety valve in the boiler room at the factory failed and caused pressure build up in the system which in turn caused a rupture in the filter pot supplying the heavy fuel oil filling the boiler room…

19 Aug

NAMFISA sets digital transformation in motion

ObserverNational NewsFINTECH SQUARE, NAMFISA sets digital transformation in motion

Tujoromajo Kasuto The Namibian Financial Institutions Supervisory Authority has opened doors for innovators particularly the youth to participate in the Authority’s FINTECH SQUARE programme which is a key catalyst for digital transformation in the Non-Banking Financial Institutions (NBFI) Sector. The platform launched today will serve as an avenue to learn about technological advancements within the industry and how best the regulator can meet these innovators. The FINTECH SQUARE is Titled: Where the Regulator Meets the Innovators. According to NAMFISA Deputy CEO: Prudential Supervision, Erna Motinga for those with solutions within the capital market space and Namibia Stock Exchange (NSX) space,…

Amutenya asked to withdraw<br>…majority SPYL CC members failed vetting

18 Aug

Amutenya asked to withdraw
…majority SPYL CC members failed vetting

ObserverNational NewsAmutenya asked to withdraw …majority SPYL CC members failed vetting, Efraim Nekongo, Kunene Region

Martin Endjala If Swapo Party Youth League has to work strictly by the script on the credentials of the regional delegates and Central Committee members to it 7th Elective Congress, many comrades would be disqualified from attending the congress. The final vetting document in possession of the Windhoek Observer tells a tale of delegates and CC members only paying up their membership dues ahead of the congress with most of them in arrears since 2017, some not meeting critical criteria such as SPYL membership and lack of voter cards, as well as not meeting the minimum five-year membership to be…

18 Aug

NAC dreams of new national airline

ObserverNational Newschairperson of the Namibia Airports Company Board of Directors, Hosea Kutako and Ondangwa airports, Katima Mulilo and Rundu airports, Leake Hangala

Tujoromajo Kasuto Leake Hangala, chairperson of the Namibia Airports Company Board of Directors advocates for the resurrection of Air Namibia, saying that we should follow in the footsteps of countries such as Uganda, Zambia, Malawi who believed that it does not make commercial sense to have a national carrier but are now bringing them back. He asserts that the aviation industry should consider how the country can resurrect a national airline that is financially viable, operationally efficient, and contributes to domestic and regional competition. Hangala notes that while recognizing the role of the private sector in Namibia’s aviation industry, he…

18 Aug

Windhoek wants to challenge Kigali

ObserverNational NewsMTC contributing N$400 000, Tim Ekandjo, Windhoek wants to challenge Kigali

Tujoromajo Kasuto MTC in collaboration with the City of Windhoek, Environmental Investment Fund (EIF) and Namibia National Reinsurance Corporation (NamibRe) today launched a Windhoek Clean-Up Campaign to restore the City to its former glory and reclaim its title as the cleanest city in Africa. The partners have committed a combined N$750 000 towards the three-month long campaign, with MTC contributing N$400 000, City of Windhoek N$200 000, EIF N$100 000 and NamibRe N$75 000 plus planting of trees. “We need to change people’s minds and hearts about cleanliness. Hence, this campaign is not a one-day event where we clean up…

17 Aug

Cost of money, living show no respite

ObserverNational NewsCost of money, living show no respite, Monetary Policy Committee (MPC) of the Bank of Namibia

Tujoromajo Kasuto The Monetary Policy Committee (MPC) of the Bank of Namibia decided to increase the Repo rate by 75 basis points to 5.50 percent from 4.75 after its bi-monthly meeting on the 15th and 16th of August. Simonis Storm analyst Theo Klein said that the repo rate remains low relative to inflation in Namibia and South Africa, suggesting that monetary policy is accommodative at the moment. He observes that the repo rate has never been so low compared to inflation in the last 10 years, both in Namibia and South Africa. However, the gap is narrowing as the pace…

17 Aug

Stereotypes condoning violence should be condemned

ObserverNational NewsCombating of Domestic Violence Amendment Bill, Paulus Mbangu, Stereotypes condoning violence should be condemned, Victoria Kauma

Martin Endjala National Council lawmakers today approved the Combating of Domestic Violence Amendment Bill with a call to change in attitude by advocates of domestic violence. The bill passed in the chamber saw several MPs expressing the need of moving away from just saying beautiful words and start taking actions. Paulus Mbangu, the Rundu Constituency councillor emphasised that every Namibian must become a campaigner against domestic violence emphasising that domestic violence is getting out of hands, causing emotional harm to victims. The MP emphasised that lawmakers need to start conversations about domestic violence in their regions and constituencies during stakeholders…

17 Aug

Lack of funds halt many projects in Kavango West

ObserverNational NewsBen Nangombe, Lack of funds halt many projects in Kavango West, National Council, President Hifikepunye Pohamba

Staff Writer The construction of the Nkurenkuru Intermediate Hospital in the Kavango West Region has been on hold for eight years since its ground breaking ceremony which was done by former President Hifikepunye Pohamba in early November 2014. Ministry of Health and Social Services executive director Ben Nangombe said the availability of funds has affected the implementation of the hospital project. “The district hospital has been put on hold; the process had started but due to financial constrains the construction of the regional hospital could not take place. The availability of funds to implement these capital projects has affected that…