Observer Money – Page 144

07 Sep

Namibia condemns Guinea coup

info_e12wt4csObserver MoneyAmbassador Penda Naanda, Ministry of International Relations and Cooperation

Staff Writer The Namibian government has condemned the coup d’état in Guinea that culminated in the arrest of President Alpha Condé. Executive Director in the Ministry of International Relations and Cooperation, Ambassador Penda Naanda, says in a statement that the government also condemns the dissolution of the country’s constitution. “Namibia is following with great concern the current developments…. as well as the closure of Guinea’s land and air borders,” Naanda says. Namibia also strongly disapproves the lack of respect for the legitimate and democratically elected President of Guinea, and calls upon the military to respect the rule of law and…

07 Sep

Council to roll out housing project

info_e12wt4csObserver MoneyCouncil, Windhoek City Council

Staff Writer THE Windhoek City Council has set aside N$22 million to start a council-funded affordable housing project and will therefore not tolerate landless people who occupy land illegally any more. Windhoek Mayor, Job Amupanda, says. This was during a media briefing on Tuesday to announce lasting solutions to the land and housing challenge the residents of the city face. This follows a five-day workshop that the municipality hosted to find permanent solutions to its perennial land problem. “Illegal land occupation will not be happening because we now have a clear plan on what should be done. We cannot be…

07 Sep

Traditional leaders plead with Parley not to endorse genocide deal

info_e12wt4csObserver MoneyNama Council for Dialogue (ONCD), Ovaherero, Ovambanderu

Staff Writer Prominent chiefs and traditional authorities who have been part of the genocide negotiating process with Germany, are pleading the Namibian Parliament not to endorse the genocide agreement reached in Berlin. In a statement issued at a media conference on Monday, and signed by representatives of five traditional authorities, the Ovaherero and Nama descendants of the 1904-08 genocide issued a final stand on the agreement between Germany and the Namibian Government in which Berlin agreed to pay about 1,1 billion euros (N$18 billion) over 30 years as compensation. The Maherero, Zeraeua, Kambazembi and Mureti Royal Traditional authorities and the…

07 Sep

OTA, NTLA, LPM, Nudo and IPC reiterate Joint Declaration rejection chorus

info_e12wt4csObserver MoneyLMP, Nama Traditional Leaders Association (NTLA), NUDO, OTA, Ovaherero Traditional Authority (OTA)

Kandjemuni Kamuiiri Four political parties and Ovaherero Traditional Authority (OTA) as well as the Nama Traditional Leaders Association (NTLA), have repeated their chorus rejection of the Joint Declaration at a media conference at the Ovaherero Commando Hall. The OTA and NTLA repeated this chorus together with the National Unity Democratic Organisation (Nudo), the Landless People’s Movement (LPM), and the Independent Patriots for Change (IPC). Nudo’s, Ester Muinjangue as well as the other political and local representatives maintained their position and shared their sentiments on the reconciliation deal and the way forward. “We are jointly rejecting the Joint German-Namibia Declaration which…

05 Sep

Govt cuts costs and staff at diplomatic missions abroad

info_e12wt4csObserver MoneyDeputy Prime Minister and Mirco Minister, Netumbo Nandi-Ndaitwah

Kandjemuni Kamuiiri THE Ministry of International Relations and Cooperation (Mirco)’s Executive Director, Penda Naanda, says the ministry has implemented cost cutting measures at various missions abroad. This is in a response to questions sent by Windhoek Observer and comes after the Deputy Prime Minister and Mirco Minister, Netumbo Nandi-Ndaitwah, in a general staff meeting at the Namibian Institute of Public Administration and Management (Nipam) this February 2021 in view of the economic outlook in the country, directed all officers, ministries and agencies to reduce expenditure. According to Naanda, based on the implementation of the directives by Treasury, cost cutting measures…

05 Sep

Botswana genocide descendants seek engagement with Germany in own right

info_e12wt4csObserver MoneyNama, Ovaherero, Ovambanderu

Staff Writer Nama, Ovaherero and Ovambanderu Batswana of Namibian descent, descendants of the victims and survivors of the 1904-1908 genocide, are pleading with the government of the Federal Republic of Germany. This for a mutually agreeable manner of Germany owning up to what happened to their forebears in a similar way other perpetrators of genocide owned up. The descendants this morning (Friday) handed over a petition to the German ambassador in Gaborone, Botswana, Margit Hellwig-Bötte, reminding the Berlin government of their engagement in 2017 with Hellwig-Bötte, when she advised them to seek audience with the Namibian government on this matter…

05 Sep

MTC aims to raise N$3.5 billion in share offer

info_e12wt4csObserver MoneyMOBILE Telecommunications Company (MTC), MTC’s board chairperson, Theo Mberirua

MOBILE Telecommunications Company (MTC) intends raising between N$3 and N$3.5 billion by offering a total of 367,5 million ordinary shares to the public during its public offer, the company announced on Friday. Highlighting government decided to list MTC, Minister of Public Enterprises, Leon Jooste says: “The first objective was to develop the country’s financial sector. The financial sector is critical to the economic development. Currently a significant amount of savings leaves the country for investment outlets in other countries. These savings can now be invested at home in MTC. Through our pension funds and insurance policies many Namibians will now…

03 Sep

Covid-19 impacts mining devastatingly

info_e12wt4csObserver MoneyChamber of Mines, Covid-19

THE Covid-19 pandemic had a devastating operational impact on the Namibian mining industry particularly reduced production due to logistical changes, supply disruptions and suppressed global demand for mineral commodities. In addition to trade restriction on non-essential items, sourcing specialised skills was a challenge due to border restrictions, shortage of staff and increased Covid-19 cases. According to a presentation at the Chamber of Mines 2021 virtual Mining Conference, as at 27 August, there were 3 179 confirmed cases for Chamber of Mines members, although 3113 recovered leaving 28 active cases. A total of 38 deaths due to the virus were reported.…

03 Sep

Ndjarakana dumps SWAPO over genocide

info_e12wt4csObserver MoneyMbeuta Ua-Ndjarakana, Ovaherero, Sophia Shaningwa, Swapo Party of Namibia

STAFF WRITER THE Executive Director in the Ministry of Information and Communication Technology (MICT), Mbeuta Ua-Ndjarakana, has resigned from the Swapo Party of Namibia. In a letter addressed to party Secretary General, Sophia Shaningwa, Ua-Ndjarakana says he was dumping the ruling party because Swapo has turned a blind eye and deaf ear to the plight of the descendants of the victims of the 1904-1908 genocide in which they lost everything including ancestral land. An estimated 100 000 Ovaherero, 10 000 Nama and an undisclosed number of San people were annihilated in the brutal aggression unleashed on them by German colonisers.…

03 Sep

President appoints Ombudsman, ECN members

info_e12wt4csObserver MoneyBasilius Dyakugh, Ombudsman, president Hage Geingob

Staff Writer PRESIDENT Hage Geingob has appointed Basilius Dyakugha as Ombudsman with effect from 01 October. The president also appointed Joram R. Rukambe, Elsie T. Nghikembwa and Emmerencia Leonardas members of the Electoral Commission of Namibia for five years, with effect from 16 September. According to a statement from the president’s office, the three members of the Electoral Commission were appointed in terms of subsection (21) of section 6 of the Electoral Act, 2014(Act No. 5 of 2014), under the powers vested in the President by subsection (1) of that section. “In terms of Article 90(1) of the Namibian Constitution…