Observer Money – Page 193 – Windhoek Observer

11 Aug

NAMCOR board appointed

ObserverObserver MoneyLeon Jooste, NAMCOR, Public Enterprises minister

Staff Writer Public Enterprises minister, Leon Jooste on Monday announced a new National Petroleum Corporation of Namibia (NAMCOR) board to be chaired by Nampost Executive, Jennifer Comalie. MTC Chief Human Capital and Corporate Affairs Officer, Tim Ekandjo who was recently appointed Deputy Chairperson of the Namibian Broadcasting Corporation, will take up a similar role in the new look board, which has seen former board Chairperson, Engelhardt Kongoro becoming an ordinary board member. Professional Coach, Movational Speaker and Human Resources Executive, Florentia Amuenje was also appointed to the board with Namdia board member, Selma Shimutwikeni. Tresia //Gowases and previous board member,…

11 Aug

Taxis plan N$15.40 fare

ObserverObserver MoneyNamibia Transport and Taxi Union (NTTU), NAMPOL

Andrew Kathindi The Namibia Transport and Taxi Union (NTTU) has given unilateral notice of their own 10 percent taxi fare increment for 1 September, which they hope will increase the current N$14 rate for a taxi trip to N$15.40. This, comes as the Union had previously attempted to make the N$14 increment, which the Ministry of Works and Transport had announced in May as a subsidy during the state of emergency, permanent. The union had argued that the increase would be on the basis of a notice that they had given in 2018 which government did not approve. “For the…

11 Aug

Ndeitunga calls for penalties on Corona spreaders

ObserverObserver MoneyCovid-19, General Sebastian Ndeitunga, NAMPOL

Andrew Kathindi Namibia Police (Nampol) Chief, General Sebastian Ndeitunga has called for stringent penalties to be imposed on those putting public lives at risk by knowingly spreading COVID-19. This comes as Namibia has witnessed increased cases where those with Covid-19 have knowingly left quarantine facilities and interacted with the public. In some cases, COVID-19 positive individuals have gone out on drinking and partying sprees, posing a health risk to hundreds of people, with the latest case being one involving a Windhoek-based male. “If a person knew or suspected that they are positive, the person is not supposed to spread it.…

07 Aug

Investors demand millions from Amushelelo . . . as PG warns investors

ObserverObserver MoneyAmushe Hello Investment, Asset Legacy Investments CC, BoN, Forex Trading Corporation

Andrew Kathindi Investors in Michael Amushelelo’s Forex Trading Corporation, which the Bank of Namibia (BON) has now deemed illegal, are demanding the return of their money. The funds which amount to millions of Namibian dollars had been invested in Amushelelo’s Project One Million and were subsequently frozen by the BON and are currently being used as evidence. According to sources, the money as a part of evidence will only be released once investigations by the Namibian Police have concluded. The Windhoek Observer also has it on good authority that of the millions, only a minimal amount was actually invested in…

07 Aug

Chief Justice, ministers, judges, lawyers in Corona scare

ObserverObserver MoneyChief Justice Peter Shivute, Deputy Chief Justice Petrus Damaseb, Namibia Lawyers Association (NLA), Sisa Namandje

Andrew Kathindi Chief Justice Peter Shivute, ministers, members of the judiciary and legal fraternity are currently in self-isolation after attending the book launch of Deputy Chief Justice Petrus Damaseb, where one of the event organizers tested positive for COVID-19. The event was held last week Wednesday and attended by 100 guests, including six judges, four ministers and lawyers including Sisa Namandje. Chairperson of Namibia Lawyers Association (NLA), which organized the book launch, Taswald July, confirmed that one of the Governance Counsel (GC) members tested positive and is in quarantine. “The relevant protocols have been followed. The venue has been informed…

07 Aug

Capricorn to exit Zambia

ObserverObserver MoneyAccess Bank Plc, Capricorn Group, Cavmont Capital Holdings Zambia PLC

Staff Writer Capricorn Group is set to directly disinvest from Zambia, after the banking group announced that it had concluded a purchase agreement with Access Bank Plc for its entire interest in Cavmont Capital Holdings Zambia PLC. Under the terms of the agreement which is still subject to regulatory approval, Access Bank Zambia will acquire the entire issued ordinary share capital, assets and liabilities of Cavmont Bank, and on completion, Cavmont Bank will become part of Access Bank Zambia and operate under the Access Bank brand. Capricorn on the other hand will hold preference shares in the enlarged Access Zambia…

07 Aug

Lazarus Jacobs appointed NBC Board Chairperson

ObserverObserver MoneyLazarus Jacobs, Namibia Broadcasting Corporation (NBC), NBC

Andrew Kathindi Cabinet has approved the appointment of Lazarus Jacobs as the new Chairperson of the Namibia Broadcasting Corporation (NBC) Board of Directors. “Cabinet endorsed the appointment of nominees to serve as members of the Board of Directors of the Namibia Broadcasting Corporation (NBC) for a period of three years effective from 1 August 2020 to 31 July 2023,” said Minister of Information and Communication Technology, Peya Mushelenga. Jacobs replaces Sven Thieme who previously served as Chairman of the NBC Board. Jacobs is the co-founder and Executive Director of Paragon Investment Holdings. He will be joined on the Board by…

07 Aug

‘Quarantine’ details for tourists emerge

ObserverObserver MoneyHealth Minister Kalumbi Shangula, Namibia, president Hage Geingob

Andrew Kathindi It has emerged that tourists coming to Namibia as part of government’s initiative to rescue the country’s tourism sector will still be subjected to a seven days quarantine period, despite government’s reluctance to phrase it as such, Windhoek Observer has learned. This comes after President Hage Geingob had said that tourists coming to Namibia will be exempted to a mandatory quarantine period but will need to remain at their first destination in the country for seven days. However, Health Minister Kalumbi Shangula told this reporter on Thursday that tourists in the first seven days’ period, will not be…

05 Aug

FNB donates Personal Protection Equipment

ObserverObserver MoneyCovid-19, FirstRand HOPE Fund, FNB Namibia, Namibia, Personal Protection Equipment, PPE

Staff Writer FNB Namibia, through its FirstRand HOPE Fund, donated 2500 Personal Protection Equipment (PPE) kits, valued at N$810 000 to the Ministry of Health and Social Services. Erwin Tjipuka, CEO of FNB Namibia during the handover ceremony said that the banking Group was concerned about the increase in the number of COVID-19 cases in Namibia and the negative impact the pandemic has on the Namibian economy and society at large. He expressed the hope that the donation of PPE kits would assist in the further prevention of the spread of Covid-19 while protecting frontline staff, while ultimately contributing towards…

05 Aug

‘Complicated’ COVID-19 guidelines boots recoveries

ObserverObserver MoneyCovid-19, Ministry of Health and Social Services

Andrew Kathindi The recently introduced new de-isolation policy by the Ministry of Health and Social Services policy has boosted the country’s recovery figures, with a record 345 new COVID-19 recoveries having been recorded in one day as announced on Wednesday. According to the new de-isolation guidelines, which are in line with international recommendations from World Health Organization (WHO) and Center for Disease Control (CDC), state once a patient has been infected with COVID-19 for ten days and their symptoms have resolved, there is no risk that the virus can still be spread to other people. As a result, people who…