Observer Money – Page 147

02 Nov

Hatuikulipi, Shanghala bail hearing tomorrow

info_e12wt4csObserver MoneyJames Hatuikulipi, Sacky Shanghala

Eba Kandovazu THE High Court is tomorrow morning hearing the formal bail application of Fishrot alleged masterminds, former Investec Asset Management Managing Director, James Hatuikulipi, and Former Justice Minister, Sacky Shanghala. The bail application was initially scheduled for Monday, before Judge Shafimana Ueitele, but could not proceed because the lawyer, Licious Murorua, representing the duo, was not ready. Murorua requested an extension to next week Monday, saying his clients would be ready then, a request which was declined by Judge Ueitele, before setting down the matter for tomorrow morning. The two are charged alongside former Fisheries and Marine Resources Minister,…

02 Nov

Shaningwa demands Ya Nangolo’s public apology

info_e12wt4csObserver MoneySecretary General (SG), Sophia Shaningwa, Swapo Party of Namibia

Tujoromajo Kasuto Swapo Party of Namibia, Secretary General (SG), Sophia Shaningwa, says the party will not issue and sign off a membership card to Phil Ya Nangolo until he has publicly apologised to the party's Founding President, Sam Nujoma, other leaders and the party’s general membership. Shaningwa at a press conference on Monday to clarify issues regarding the application for Swapo Party membership by Ya Nangolo, says the apology was set as a condition for his -readmission to the ruling party. “Being cognisant of the fact that Ya Nangolo has previously been a critic of the party and its leadership,…

30 Oct

Family finds closure as refugee Commissioner is convicted of murder

info_e12wt4csObserver MoneyHome Affairs Ministry Refugees Commissioner, Likius Valombola

Eba Kandovazu THE family of a young man who was shot twice in the head by Home Affairs Ministry Refugees Commissioner Likius Valombola in 2018 has welcomed the high court's decision yesterday to convict Valombola, saying that Justice is served. Speaking to the Windhoek Observer, Helao Ndjaba's brother Lameck Ndjaba said that the family is finally a step closer to finding closure, as they wait in anticipation for the sentencing of Valombola, who was previously found not guilty of discharging a firearm in public. The deceased, aged 25 was a student leader, serving on the Executive body of the Namibia…

30 Oct

Hinda insists Seibeb is “exaggerating” assault

info_e12wt4csObserver MoneyHenny Seibeb, Maureen Hinda

Eba Kandovazu SWAPO Party Member of Parliament (MP), Maureen Hinda, says Landless People's Movement (LPM) leader, Henny Seibeb, is exaggerating in alleging that she slapped him in the face and his spectacles subsequently broke. Hinda describes the situation as a "Kindergarten story" and a botched trap by Seibeb that did not go according to his plans. A criminal case, according to Seibeb, has been opened with a Windhoek police station. Hinda, however, says she was not made aware of the criminal charge. The incident, she says, happened during an adjournment after LPM MP Utaara Mootu approached Hinda to ask why…

29 Oct

Fuel prices have risen yet again

info_e12wt4csObserver MoneyMinistry of Mines and Energy

Tujoromajo Kasuto The Ministry of Mines and Energy today confirmed fuel prices increase with petrol prices increasing by 50 cents per litre and diesel by 70 cents per litre. The will be effective as from Wednesday, 03 November 2021. The fuel pump prices in Walvis Bay will become N$ 14.95 per litre for petrol and N$ 14.88 per litre for diesel. The prices across the rest of the country will also be adjusted accordingly. Moreover, the ministry noted that the National Energy Fund (NEF) will cover the entirety of the under-recoveries recorded for the month of October 2021 on behalf…

29 Oct

Geingob witnesses NDF training completion in Oshana

info_e12wt4csObserver MoneyNamibia Defence Force, president Hage Geingob

Eba Kandovazu PRESIDENT Hage Geingob was part of the delegation that today witnessed a joint field training exercise at Uulunga wa Kolondo in Oshana region. Geingob, as the Commander-in-Chief of the Namibia Defence Force officiated the final stage of the training. The President cautioned the NDF to maintain absolute combat readiness at all times, due to the ever shifting geo-political realities and new forms of conflict. "Combat readiness is an extremely important aspect of our national defense apparatus because Namibian soldiers must be adequately prepared to respond to orders or attacks at any given time. We must enhance our preparedness…

29 Oct

Panic and mayhem as more Namibians request for evaluation of qualifications

info_e12wt4csObserver MoneyNamibia, Namibia Qualifications Authority (NQA)

Eba Kandovazu MORE Namibians are approaching the Namibia The Namibia Qualifications Authority (NQA) for urgent evaluations of their qualifications, an issue the NQA says is concerning. A total 915 people have approached the NQA for evaluations between August and September, Public Relations Officer Absalom Absalom told the Windhoek Observer, adding that says the escalation of requests for urgent evaluations is concerning. “As a result of this practice, qualification holders often miss out on employability and access to additional training when opportunities arise. As most employers now demand an NQA qualifications evaluation report during the recruitment process and training providers also…

29 Oct

PDM recognizes LGBTQ+ rights

info_e12wt4csObserver MoneyLGBTQI+, McHenry Venaani, PDM

Tujoromajo Kasuto The Popular Democrat Movement (PDM) leader McHenry Venaani today said PDM recognises the rights of all LGBTQI+ individuals on equal terms as every other Namibian citizen under the provisions of the Constitution. He further shared that the movement will establish a Commission on Minority Groups with a specific terms of reference mandated at listening to the plight of minorities in order to comprehend the magnitude of their issues. Meanwhile on Abortion, Venaani said that while recognizing women’s right to bodily autonomy, the PDM abides by the relevant legislation on the applicability of abortion under Namibian law. On Gender…

28 Oct

Namibia, SA and Nigeria top high youth unemployment

info_e12wt4csObserver MoneyInna Hengari, Namibia

Eba Kandovazu POPULAR Democratic Movement (PDM) Member of Parliament, Inna Hengari, has revealed that Namibia is ranked in the top three African countries with the highest youth unemployment in the world, alongside South Africa and Nigeria. Hengari yesterday tabled a motion on youth unemployment. According to Hengari, Nigeria stands at 33.3 percent, Namibia at 33.4 percent and South Africa at 34 percent. “These countries have the highest unemployment rates not only in Africa but in the world as tracked by Bloomberg. This rise in unemployment for Namibia is problematic, especially given the size of the economy and population of the…

28 Oct

Glimmer of hope for domestic economy in second quarter of 2021

info_e12wt4csObserver MoneyBank of Namibia, Covid-19

Tujoromajo Kasuto NEDBANK Namibia’s Executive for Retail and Business Banking, Richard Meeks, says the Bank of Namibia (BON) has recently given a glimmer of hope that during the second quarter of 2021, activities in the domestic economy have improved, driven by better performance in the tertiary industries. He further notes that the performance reflected in retail for clothing, furniture and vehicles sales that declined due to weak demand, given reduced disposable income that was further compounded by covid-19 measure put in place to curb the spread of the virus. However, he says improvements in the tertiary industries where observed in…