National News – Page 374 – Windhoek Observer

08 Aug

Trevali secures N$1.8 billion funding for Rosh Pinah Mine expansion

ObserverNational NewsCompany’s Rosh Pinah Mine in Namibia, President and Chief Executive Officer (CEO) of Trevali, Standard Bank Namibia and Standard Bank of South Africa, Trevali secures N$1.8 billion funding for Rosh Pinah Mine expansion

Tujoromajo Kasuto Trevali Mining has received credit approval from Standard Bank Namibia and Standard Bank of South Africa for a N$1.86 billion (US$110 million) to fund the expansion of the Company’s Rosh Pinah Mine in Namibia. “Project financing for the Rosh Pinah expansion has been steadily progressing for the past several months, and we are pleased to report the confidence in the Rosh Pinah operation and expansion that is reflected by Standard Bank’s credit approval and strong endorsement of the RP2.0 project,” says Ricus Grimbeek, President and Chief Executive Officer (CEO) of Trevali. “The expansion at Rosh Pinah is the…

06 Aug

Defamation judgements should serve as lessons

ObserverNational NewsAbed Bishop Hishoono, Defamation judgements should serve as lessons, Hishoono is the Ohangwena, Thomas Masuku

Tujoromajo Kasuto RENOWNED High Court Judge Thomas Masuku in a judgement delivered today in a defamation of character case, reprimanded that court judgments are not only for the sued participants but also for members of the public to wisely embrace any lessons, directions freely offered to them and identify behaviour, actions, or conduct on their part worth ceasing or shunning. He said that prior defamation cases and judgement ‘’have either fallen by the wayside or, at worst, been eaten by the birds of the air,’’ similar to the parable of the sower in the Bible. Masuku observes that the judgments…

Grootfontein hospital x-ray<br>machine out of service 24 months

06 Aug

Grootfontein hospital x-ray
machine out of service 24 months

ObserverNational NewsThe x-ray machine at the Grootfoontein State Hospital has been not been functioning for more than 20 months, Timoteus Gebhardo, Tsumeb and Grootfontein

The x-ray machine at the Grootfoontein State Hospital has been not been functioning for more than 20 months, forcing patients to be transferred to Tsumeb in the Oshikoto Region for radiography services. Timoteus Gebhardo, regional health director of Otjozondjupa, confirmed that the machine has been out of service, saying that the hospital is addressing the problem. “It is indeed true that Grootfontein x- ray machine is not functional since last year, it’s going to be two years in December. It’s really a burden to us. I understand that the machine was ordered from overseas and was supposed to have arrived…

06 Aug

Namfisa regulated entities experienced growth dips

ObserverNational NewsCommon Monetary Area (CMA), Namfisa Quarterly Statistical Report, NAMFISA’s Consumer Complaints Department

Tujoromajo Kasuto THE Namibia Financial Institutions Supervisory Authority (Namfisa) regulated 599 entities with total assets worth N$368.6 billion during the first quarter of 2022, shows a 0.5% decrease from the asset value of N$370.6 billion recorded at the end of the fourth quarter of 2021. This is contained in the Namfisa Quarterly Statistical Report for the first quarter of 2022, released yesterday. The report provides industry statistics, the latest industry trends and developments and also information regarding Namfisa’s regulatory and supervisory activities during the quarter under review. According to the report, ‘’the non-banking financial institutions assets increased annually by 8…

06 Aug

Connect Africa wins big at OM SEED

ObserverNational NewsConnect Africa wins big at OM SEED, Economic & Empowerment Drive (OM SEED) initiative, Old Mutual Sustainable, OM SEED, The Connect Africa App

Martin Endjala An App designed to help visual and hearing impaired persons scooped the cash prize of N$50 000 at last night’s Old Mutual OM SEED pitch held in Windhoek. The Connect Africa App that started last year has the ability to translate written words, pictures via phone scan into voice/sound readable in both English and local languages. Through the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative, Old Mutual Namibia along with Launch Namibia, the Financial Literacy Initiative (FLI) and the United Nations Development Programme (UNDP) Accelerator Lab, awarded three entrepreneurs from Windhoek N$85 000. During the…

06 Aug

Mining Expo promises exciting marketing avenues

ObserverNational NewsCEO Veston Malango., Covid-19 Pandemic, Mining Expo promises exciting marketing avenues, the 9th Namibian Mining Expo andConference

Tujoromajo Kasuto After a two-years absence because of the Covid-19 Pandemic, the 9th Namibian Mining Expo andConference, is scheduled for 31st August and 1st September 2022, under the theme, ‘’Breaking New Frontiers in a Post-Pandemic Era’’. “The whole Chamber team is gearing up and preparing for what promises to be an exciting and successful Mining Expo Conference at the Windhoek Showgrounds,” said Chamber of Mines CEO Veston Malango. Malango indicated that this year’s event coincides with an improving outlook for the mining industry supported by a buoyant mineral commodity market, and a fast-paced operating environment that is evolving with rapid…

04 Aug

N$924m settlement averts strike …Govt gives 600m, unions compromise 700m

ObserverNational NewsN$924m settlement averts strike …Govt gives 600m, N334 million dollars, Namibia National Teachers Union (NANTU), unions compromise 700m

Obrein Simasiku Government has brokered a settlement of N$924 million with the Namibia National Teachers Union (NANTU) and Namibia Public Workers Union (NAPWU) thus averting a national strike that could have crippled the country’s economy. The new offer saw an exponential increase from the government’s initial total offer totalling N334 million dollars that only covered transport and housing allowances. Under the revised which is about N$600 million more, the civil servants will see an across the board improvement of 3% in their basic salary. The increase did not bring delight in the mood of many workers and which will not…

04 Aug

Civil servants feel cheated

ObserverNational News(Cabinet Secretary) George Simataa, Civil servants feel cheated, Herbert Jauch, Loide Shaanika, Namibia National Teachers Union (NANTU)

Obrein Simasiku Labour expert Herbert Jauch says the unions were supposed to come back to inform their members on the new proposal so that they can decide if it was reasonable or not, before putting their signatures on the dotted line. The Namibia Public Workers Union secretary general Petrus Nevonga announced this afternoon at State House that an agreement was reached together with the sister union Namibia National Teachers Union (NANTU) secretary general Loide Shaanika, including government representative (Cabinet Secretary) George Simataa, sealing the deal. This however, according to Jauch, was not supposed to be done. “Members entrusted you, and…

04 Aug

Kavango East Regional report found wanting

ObserverNational NewsKavango East Regional report found wanting, The Kavango East Regional Council 2021/2022 financial

Martin Endjala The Kavango East Regional Council 2021/2022 financial year report came under fire today in the National Council chambers from MPs, who were not happy saying it lacks indepth information and statistics relating to various projects. Abner Shikongo expressed disappointment in the manner the report was put together stating that it failed to identify the large population components of urban development. Ngunaihe Ueutjerevi stressed the importance of the report to enable the MPs to make informed decisions and to also make recommendations towards developing the regions and ironing out pertinent challenges affecting the country. Further pointing out that the…

04 Aug

Namibia’s trade balloons in first six months

ObserverNational NewsAlex Shimuafeni Namibia, Namibia’s trade activities increased from January to June 2022, Namibia’s trade balloons in first six months

Tujoromajo Kasuto Namibia’s trade activities increased from January to June 2022 when compared to the same period in 2021, with cumulative total trade of import and exports standing at N$107 billion by June 2022, a noticeable 46.1 percent increase from N$73.2 billion in June 2021, accordingto the latest statistics from the Namibia Statistics Agency (NSA). Mining and quarrying products were the most valuable exported goods in June 2022, accounting for 47.1 percent of total exports, with a value of N$3.8 billion, up from N$2billion in May 2022, according to NSA’s Namibia Trade Statistics Bulletin for June 2022. The Manufacturing industry…