National News – Page 425 – Windhoek Observer

17 May

Nedbank Women in Media Conference a success

ObserverNational NewsGwen Lister, Menesia Muinjo, Nedbank Women in Media Conference a success, Paulina Elago

Staff WriterThe second edition of the Nedbank in Women in Media Conference took place on Saturday, 14 May, under the theme ‘Alike in so many ways’. The conference was organised to commemorate World Press Freedom Day, as well as to try to foster astrong network among Namibian women working in the media industry.This year’s event was different from last year’s, as it also incorporated women who work in corporate communications and public relations. The event was addressed by various women in media including author, World Press Freedom campaigner, founder of The Namibian newspaper, Gwen Lister, Chief News and Programming Officer…

17 May

ObserverNational NewsEconomic Partnership Agreement (EPA), EU funds NSI twinning project with 27m, Lucia Ipumbu, Namibia Standards Institution

EU funds NSI twinning project with 27m Staff Reporter The Minister of Industrialisation and Trade (MIT), Lucia Ipumbu launched the European Union (EU) funded twinning project titled ‘Providing support to the Namibia Standards Institution’ in Windhoek.The two-year twinning project aims to boost the NSI’s capacity to carry out its mandate and increase Namibia’s involvement in international trade. This is the first EU Twinning Project of its kind in Sub-Saharan Africa.The Twinning Project is part of the Economic Partnership Agreement (EPA) Implementation Plan for Namibia and is supported to the tune of N$27 million.In her keynote address, Lucia Iipumbu applauded all…

15 May

Public warned to make sensible judgements to avoid infections

ObserverNational News17 March 2020 Index Case, curfews and lockdowns, Okahandja and Otjiwarongo, Primary and Secondary schools, Public warned to make sensible judgements to avoid infections, Rehoboth

Martin Endjala President Hage Geingob has advised people during the 43rd Covid-19 public briefing today at State House, to make sensible judgements during the winter period when corona cases spike. “I do however wish to draw your attention to what I can describe to be a relaxed and worrisome attitude to the wearing of face masks in public areas and large indoor settings”, Geingob emphasized, adding that the public is expected to apply sound personal judgment and is therefore required to wear face masks in all public areas. He again pointed out that the first line of defence in the…

15 May

Government halts retirement preservation

ObserverNational NewsFIMA, Financial Institutions and Market Act (FIMA), Namibia Financial Institutions Supervisory Authority (NAMFISA)

Tujoromajo Kasuto The Minister of Finance Ipumbu Shiimi has postpone the compulsory preservation of retirement benefits to allow for adequate time for broader consultations on the envisaged regulation. He said the modalities on how the consultations will be undertaken will be announced in due course. The final standards and regulations were to be published in the Government Gazette on 1 October 2022 when the Financial Institutions and Market Act (FIMA) was to become operational. In terms of the new regulation when someone resigns, changes jobs or stops working they will be required to preserve 75 percent of their individual pension,…

14 May

Activists shutdown China Town …..NEFF president, 7 others to spend weekend in jail

ObserverNational News(NEFF) Epaphras Mwiikilongo, 7 others to spend weekend in jail, Activists shutdown China Town …..NEFF president, Affirmative Repositioning Movement, Michael Amushelelo

Obrein Simasiku Eight suspects, including the president of Namibia Economic Freedom Fighters (NEFF) Epaphras Mwiikilongo, and his commissar Michael Amushelelo will spend the rest of the weekend in police custody after their arrest during a demonstration at China Town this morning. Others includes, AR activist Dimbulukeni Nauyoma and Amushelelo's wife Juliata. This is because the police failed to deliver their dockets to court in time for processing and prosecution. Their legal representatives pitched up at the Katutura Magistrate's court to apply for their bail. "They can no longer appear today because we have not received the docket so that we…

12 May

Tsumeb street market to boost entrepreneurs

ObserverNational NewsTsumeb Mayor Mathew Hangula, Tsumeb street market to boost entrepreneurs

The Tsumeb municipality has initiated a street market to provide the resident with an opportunity to showcase and sell whatever products they wish to generate an income. An amount of N$250 will be charged for SME stalls, and N$500 for Corporates at the informal marketing that will be held every first weekend of each month, behind the First National Bank at the town. "This is an initiative which aspires to resuscitate our economy through the empowering of local entrepreneurs and ease the effects of Covid-19 which led to many business failing, thus pushing many into abject poverty. Therefore, this will…

12 May

Windhoek Light discontinued as demand shrinks

ObserverNational NewsNamibia Breweries, Windhoek Light discontinued as demand shrinks

Obrein Simasiku The Namibia Breweries has temporarily stopped the production of Windhoek Light because of declining demand. According to NBL, there are still plans to resume its production in the near future, depending on demand. "NBL foresees the current stock of Windhoek Light to be sufficient at current demand for the month of May 2022, after which the discontinuation will take effect," said NBL in a statement released today. NBL said they regularly review all of its Stock Keeping Units (SKUs) to assess their feasibility, according to the company’s responsibility to deliver value through appealing products to consumers and shareholders.…

12 May

Wealth fund to strengthen Namibia’s fiscal stability

ObserverNational NewsBoN Governor Johannes !Gawaxab, President Hage Geingob has launched the Welwitschia Fund

Tujoromajo Kasuto President Hage Geingob has launched the Welwitschia Fund, Namibia’s own Sovereign Wealth Fund today. The fund will be administered by the Bank of Namibia under the Jurisdiction of the Ministry of Finance. The president immortalised his vision for shared prosperity through the historic launch of Sovereign Wealth Fund, as it will secure generational wealth for posterity. “I hope today is a day our children will remember with gratitude & national pride b/c we have taken concrete steps to provide a better future for them. A day when we, as a founding generation, leave them a legacy that they…

12 May

N$193m committed to solar power

ObserverNational NewsAnirep Solar and Aussenkjer Energy Investments, Ruacana Hydroelectric Power Station

Martin Endjala The Development Bank of Namibia (DBN) has committed N$193 million to finance a new solar power generation plant, near the Kahn substation in the Namib Desert. The plant is expected to produce and add about 20 MW into Nampower’s Kahn substation, from where it will be distributed to households and industrial consumers. This was confirmed yesterday by the DBN corporate communication and stakeholder relations specialist Di-Anna Grobler during the signing of the agreement. Anirep Aussenkjerr Solar One, a start-up company, was the recipient of a 25-year tender to produce power for Nampower. The solar plant, 40 km from…

12 May

Tsumeb bends to CEO salary demand

ObserverNational NewsKapenda confirmed that the remuneration issue was addressed and has been adjusted, Victoria Kapenda

Obrein Simasiku The Tsumeb Municipality has reconsidered and caved in to the remuneration demand of the successful Chief Executive position candidate. The local authority has been without a substantive CEO for years, until they now have lured, Victoria Kapenda, who in 2019 rejected an offer from the municipality. Kapenda, as director in government was earning a salary of not less than N$512 809, excluding allowance, while the annual salary of a local authority CEO is around N$447 979 excluding, fringe benefits. It has come to light that the municipality bowed to Kapenda’s demand and adjusted the salary to suit the…