Observer Money

Shifeta calls for action to achieve sustainable forest management
21 Sep

Shifeta calls for action to achieve sustainable forest management

Observer Money
Hertta-Maria Amutenja Pohamba Shifeta, the Minister of Environment, Forestry and Tourism, highlighted the multifaceted challenges facing Namibia’s forests and emphasized the urgent need for collective action towards sustainable forest management. Speaking at the end of the conference titled “The Future of Namibia’s Forests – Sustainable Forest Management as Key to Unlock Its Potential”, organized by the Hanns Seidel Foundation (HSF) and the Desert Research Foundation of Namibia (DRFN), Shifeta focused the attention on the significant deterioration caused by deforestation. “Our forests ate confronted by numerous challenges, with deforestation at the forefront. Nevertheless, we find solace in Namibia’s proactive steps to…
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The Windhoek Observer Launches WhatsApp NewsBot
20 Sep

The Windhoek Observer Launches WhatsApp NewsBot

Observer Money
Windhoek, Namibia – September 20, 2023 – The Windhoek Observer, a leading newspaper in Namibia, announced the launch of its innovative WhatsApp NewsBot, becoming the first newspaper in Namibia and one of the earliest in Southern Africa to offer this state-of-the-art feature. The InfoBot/NewsBot provides instant access to a myriad of offerings, including: On-Demand E-Paper Access: Subscribers to the bot, which is free to access, can instantly receive the daily e-paper and the weekend newspaper, both in convenient PDF formats. Latest Headlines at a Touch: Readers can get the latest headlines from latest news, finance to energy and sports, automatically…
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Gondwana Collection takes action amidst surge in crimes against tourist
20 Sep

Gondwana Collection takes action amidst surge in crimes against tourist

Observer Money
Niël Terblanché Amidst a concerning uptick in criminal activities targeting international tourists, Gondwana Collection Namibia has launched the “Tourism Heroes” campaign. This initiative, in partnership with Namibian authorities, aims to reward and recognize individuals and entities pivotal in preserving and enhancing Namibian tourism. In this regard the Gondwana Collection Namibia contributed a generous N$1,000,000 to the cause—split between cash and in-kind donations facilitated through the Gondwana Care Trust. Christiaan Jacobie, Senior Content Architect at Gondwana, emphasized the importance of this campaign. “Namibia, globally celebrated for its enthralling landscapes and warmth, now faces challenges jeopardizing its visitors’ safety. Our campaign aims…
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High seas disrupt cargo deliveries and strand tourists in Namibia
20 Sep

High seas disrupt cargo deliveries and strand tourists in Namibia

Observer Money
Niël Terblanché Severe weather and high seas conditions have caused chaos along the coastlines of several Southern African countries over the past few days. Maersk, a leading international shipping conglomerate, has diverted two of its colossal container ships due to the adverse weather, rerouting them to the port of Walvis Bay. The company released a statement explaining the drastic measure: “The Maersk Sofia and Maersk Sheerness, are significantly affected by the weather around the coast, prompting us to omit Cape Town West Bound calls for both vessels.” The company said all Cape Town imports will be discharged in Walvis Bay…
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Trans-Kalahari Railway to move 14 million tons per annum
15 Sep

Trans-Kalahari Railway to move 14 million tons per annum

Observer Money
Chamwe Kaira The proposed Trans-Kalahari Railway, slated for construction between Namibia and Botswana, is anticipated to facilitate the transportation of 14 million tons annually in its inaugural year of operation, with the potential to increase to 56 million tons per annum by its 30th year of service, as revealed in project tender documents. Scheduled to commence construction in January 2025, this ambitious project comes with a multi-billion-dollar price tag. Stretching across a distance of 1500 kilometers, this railway will span from Mmamabula in Botswana to its final destination, Walvis Bay, primarily serving as a conduit for transporting coal and copper…
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Elevated fuel cost to fuel inflation
15 Sep

Elevated fuel cost to fuel inflation

Observer Money
According to Simonis Storm, the surge in fuel prices is anticipated to trigger a rise in inflation in Namibia. This increase in fuel costs could result in higher transportation expenses, a significant component of the consumer basket, eventually impacting overall inflation. Currently, fuel prices in the United States have reached their highest seasonal level in more than a decade, surpassing last year’s rates, with the national average for regular gasoline reaching US$3.81 per gallon. The firm attributed this increase to Saudi Arabia and Russia extending their oil supply curbs for an additional three months, maintaining production cuts that have kept…
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Uis Mine to increase productivity and output
15 Sep

Uis Mine to increase productivity and output

Observer Money
Andrada Mining Limited, under the leadership of Chief Executive Officer Anthony Viljoen, has unveiled plans to enhance productivity and increase output at its Uis mining projects. This decision comes in the wake of securing N$100 million in funding from the Development Bank of Namibia, a crucial element of their comprehensive funding and development strategy. The allocated funds will be strategically utilized to implement improvements at the Uis Mine, aiming to boost the plant’s productivity and output. Viljoen emphasized that these resources will expedite the implementation of the Uis Mine Stage II Continuous Improvement Project. Furthermore, Viljoen expressed optimism that the…
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Prices higher in northern regions
15 Sep

Prices higher in northern regions

Observer Money
Chamwe Kaira Namibia Statistics Agency’s inflation data reveals that prices in the northern regions of the country were higher in August compared to the rest of the nation. Specifically, Zone 1, encompassing regions such as Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi. Zone 1 experienced a year-on-year inflation rate of 5.3 percent in August this year, which was the highest of the three zones. This is despite that inflation was down from 6.8 percent in August 2022. This decline in the annual inflation rate was primarily due to decreases in the prices of transportation (from…
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Aquifer to continue watering Ohangwena
15 Sep

Aquifer to continue watering Ohangwena

Observer Money
Chamwe Kaira The government is committed to the sustainable utilisation of the Ohangwena II aquifer to ensure a continuous water supply to the residents of the Ohangwena Region. According to Jona Musheko, the spokesperson for the Ministry of Agriculture, Water, and Land Reform, the ministry has been tapping into this aquifer for some time now by drilling deep boreholes (up to 250 meters deep) to provide water to the people of Ohangwena. He made these remarks while responding to questions about the progress of developing this substantial water source that was discovered over a decade ago. Musheko highlighted one significant…
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Fish auctions continue to boost state coffers
15 Sep

Fish auctions continue to boost state coffers

Observer Money
Chamwe Kaira The government has continued to generate revenue through fish auctions with figures showing that more than N$700 million has been raised through the auctions. This approach involves auctioning fish quotas through a competitive bidding system, ensuring that the nation receives fair compensation for its fisheries and maximizes the benefits of its natural resources. In the latest development, the government has announced its intention to auction 600 metric tons of Monk Freezer Fish to the highest bidder. The Ministry of Finance and Public Enterprises and the Ministry of Fisheries and Marine Resources have invited bids for this quota, with…
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