Observer Money – Page 184 – Windhoek Observer

29 Sep

FirstRand Namibia HOPE Fund hands over 25 ICU patient monitors

ObserverObserver MoneyFirst Rand Namibia HOPE fund, Minister of Health and Social Services Kalumbi Shangula

Staff Writer The First Rand Namibia HOPE fund handed over 25 ICU patient monitors worth N$2.4 million to the Ministry of Health and Social Services last week as part of efforts to assist medical staff to respond better and quicker to the medical needs and treatment of their patients. Minister of Health and Social Services Kalumbi Shangula expressed his sincere appreciation towards FNB who made the generous contribution through the FirstRand H.O.P.E. fund. “I appreciate FNB’s commitment to meet government halfway to ensure the speedy recovery of COVID-19 patients.” Bronwen Chase, FirstRand H.O.P.E. Fund Team Leader said that the Group…

29 Sep

DRC, Malawi to chair regional Model Laws Committee

ObserverObserver MoneyMalawi, Namibia, Regional Parliamentary Model Laws Oversight Committee (RPMLOC), Windhoek

Moses Magadza WINDHOEK, NAMIBIA – The Democratic Republic of Congo (DRC) and Malawi were last week elected chair and vice chair, respectively, of the recently-constituted Regional Parliamentary Model Laws Oversight Committee (RPMLOC) of the SADC Parliamentary Forum. This happened as the regional inter-parliamentary body acted towards ensuring that the region’s citizens benefit meaningfully from development of regional soft laws, which are arguably immensely persuasive. Model laws are typically developed in line with international human rights law and international best practice. The RPMLOC held its virtual meeting on Friday and unanimously elected DRC lawmaker Andre Leon Tumba as its chair for…

29 Sep

PSEMAS audit still on-going

ObserverObserver MoneyMinistry of Finance, Public Service Employee Medical Aid Scheme (PSEMAS)

Staff Writer The Ministry of Finance says the audit process of the Public Service Employee Medical Aid Scheme (PSEMAS) launched last year is still on-going, with 75 percent of the main members and 95 percent of dependents having been verified as part of measures to reduce fraud and abuse of the government employee’s medical fund. The member audit comes as media reports attributed to the International Monetary Fund (IMF) revealed the medical aid fund has been losing close to a billion dollars annually to fraud, abuse, waste and collusion. “During the first phase of the verification 95 percent of dependents…

29 Sep

ACC chief investigator loses Prime Minister appeal

ObserverObserver MoneyAnti-Corruption Commission (ACC), Chief of Investigation Phelem Masule, Prime Minister

Staff Writer The High Court, on Monday 28 September, dismissed a case by the Anti-Corruption Commission (ACC)’s Chief of Investigation Phelem Masule who had sought to overturn Prime Minister Saara Kuugongelwa-Amadhila’s decision to remove him from his position. The Prime Minister, earlier last month, removed Masule from his role as the Chief of Investigation a mere week after he received the promotion, citing “irregularities” in his appointment. Masule, who replaced Nelius Becker who is now with the Namibian Police, last month approached the High Court to hear his case against the Prime Minister. When contacted for comment, ACC boss Paulus…

29 Sep

Traditional authorities vow to take case to US Supreme Court

ObserverObserver MoneyGenocide, Paramount Chief Advocate of the Ovaherero Traditional Authority, US Supreme Court, Vekuii Rukoro

Andrew Kathindi Genocide descendants have vowed to continue the fight “in and out of court” after the US Court of Appeals, last week, dismissed their case brought after they unsuccessfully sued the German government for reparations for the atrocities committed from 1904-1908 in US Federal Court. Paramount Chief Advocate of the Ovaherero Traditional Authority, Vekuii Rukoro and Gaob Johannes Isaack of the Nama Traditional Leaders Association, have instructed their lawyers in New York to file a Petition for Rehearing and for "En Banc" Proceedings, following a USA Court of Appeals’ decision, which they say had “fundamental legal error at its…

26 Sep

GIPF appoints UK consultants…as RisCura loses contract

ObserverObserver MoneyGovernment Institutions Pension Fund (GIPF)

Staff Writer The Government Institutions Pension Fund (GIPF) has announced the appointment of two new United Kingdom based investment consultants. According the fund, Lane Clark & Peacock LLP will consult on investments, while BFinance UK Limited, will consult on the selection/search of asset managers. “Lane Clark & Peacock LLP will consult on investments, while BFinance UK Limited, will consult on the selection/search of Asset Managers. Both entities are domiciled in the United Kingdom and both bring a wealth of financial and investment expertise to the Fund. The selection process, which was advertised late last year, was guided by, and in…

26 Sep

ECN won’t investigate illegal voter registration

ObserverObserver MoneyElectoral Commission of Namibia (ECN)

Andrew Kathindi The Electoral Commission of Namibia (ECN) has ruled out investigating allegations that Angolan nationals are being illegally registered as voters, a move which opposition political parties have said will impact on the credibility and outcome of elections. The decision by the ECN flies in the face of a confirmation by Swapo Omusati regional coordinator Sackey Kayone that he had received a report detailing how Angolan nationals are being registered in his area. According to Kayone, the report from the Okalongo councilor has fingered church leaders and ECN officials for assisting Angolan nationals to get voting cards. When quizzed…

26 Sep

State assets valued at N$11.9 billion…as Shiimi admits non-compliance

ObserverObserver MoneyFinance Minister Iipumbu Shiimi, Government

Andrew Kathindi The Namibian government has assets worth N$11.9 billion as of 16 September, Finance minister Iipumbu Shiimi has revealed. Of this, the state has movable assets amounting to N$3.9 billion, which include stock, equipment, furniture and vehicles while immovable assets, including land, plants (factories) and buildings stand at N$7.9 billion. The combined total value of movable and immovable assets is N$11.9 billion. The government’s value of immovable asset consists of 692 farming units and 744 housing units. “With regards to resettlement farms, to date Government has spent about N$2.3 billion to acquire about 558 farming units measuring about 3,376,965…

25 Sep

Sam Shivute vows zero tolerance for tax avoiders …as NamRA Act is still to be enacted

ObserverObserver MoneyNamibia Revenue Agency (NamRA), Sam Shivute

Andrew Kathindi Newly appointed Namibia Revenue Agency (NamRA) Commissioner, Sam Shivute has vowed zero tolerance for tax avoiders. He said he would not be intimidated in his pursuit of tax collection. This comes six years after it was alleged that Shivute’s tenure as the Commissioner for Inland Revenue in the Finance ministry came to an end when he pursued certain non-tax-compliant business people. It is alleged that he received personal threats as a result. “In NamRA, integrity and good ethics will be non-negotiable and there will be zero tolerance to corruption. We will endeavour to have the right staff, with…

25 Sep

Twaloloka residents to receive houses by October

ObserverObserver MoneyMinister of Urban and Rural Development, Ministry of Finance, Office of the Prime Minister, Twaloloka

Helena Johannes Information minister, Peya Mushelenga has announced that Cabinet has given the municipality of Walvis Bay until the last week of October to ensure the occupation of housing units which were allocated to Twaloloka beneficiaries. Mushelenga said Cabinet has mandated the Ministry of Urban and Rural Development to oversee the implementation of the relocation of programme, supported by the Walvis Bay municipality and the office of the Governor of the Erongo Region. “The Cabinet is in line with sourcing of service providers on an emergency basis to implement the project, while the beneficiaries would contribute to the construction of…