Observer Money

Be mindful of your mental health
21 Jul

Be mindful of your mental health

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Marjolize Scholtz Our world has been turned upside-down – and this is affecting your wellbeing more than you might realize. FirstRand Employee Wellbeing Specialist, Marjolize Scholtz shares advice for managing anxiety and practicing self-care. There’s a lot to be stressed out about these days. If it’s not the pandemic, it’s the alarming state of the economy, the uncertainty around lockdown regulations, or the grind of being stuck at home and trying to balance work and life (and, in many cases, home schooling as well). It’s normal to experience anxiety, fear, depression, loneliness, hopelessness and mental fatigue. ‘In a way, we…
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SADC MPs want value from region’s vast resources
21 Jul

SADC MPs want value from region’s vast resources

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Moses Magadza WINDHOEK – Africa is the richest continent on earth in terms of extractive resources, but until Members of Parliament up their game and demand meaningfully beneficial deals, their citizens will continue to wallow in abject poverty. Parliamentarians who represent their countries on the SADC Parliamentary Forum’s Standing Committee on Food, Agriculture and Natural Resources, came to this conclusion when they held a virtual meeting last week. South African lawmaker Tshitereke Baldwin Matibe chaired the meeting. The continent is awash with massive deposits of extractive resources that include iron ore, petroleum and natural gas, crude oil, diamonds, gold, uranium,…
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16 Jul

Reflections on Singapore: Lessons for Namibia

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Metusalem Nakale (DSocSci) Singapore’s economic transformation is the envy of many countries around the world. From 1967 to 1989, the real gross domestic product of Singapore increased six-fold, growing at 8.8 % a year. But how did Singapore do it? And what lessons can Namibia draw from Singapore’s experiences? Upon independence, in 1965, Singapore adopted a developmental state model of economic development. In this type of economic model, the state plays a significant role in directing economic activities. This model is contrasted with the free-market. The latter regards state intervention as detrimental to economic development. Supporters of the free-market ideology…
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Germany grants N$250m to MEFT
16 Jul

Germany grants N$250m to MEFT

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…to mitigate pandemic effects on environment and conservation Staff Writer The German Federal Government has availed approximately N$250 million to support the Namibian Government, through the Ministry of Environment, Forestry and Tourism, in mitigating the impact of the COVID-19 pandemic on the conservation and tourism sector. This comes as the conservation and tourism sector has been significantly affected by the loss of income from tourism, caused by worldwide lockdown measures and international travel restrictions, due to the COVID-19 pandemic. Countrywide employment and vital conservation activities are in jeopardy, risking the survival of local communities, wildlife and protected areas. The funds…
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Namdeb commences COVID-19 testing
15 Jul

Namdeb commences COVID-19 testing

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Staff Writer Given the risk of the spread of COVID-19, Namdeb has now introduced its own COVID-19 testing capacity in Oranjemund. The company said the development is part of a comprehensive response plan to safeguard the health and safety of its employees and to support the local community. “As a responsible corporate citizen, and a long-term partner of the Namibian government, Namdeb is committed to support the efforts to mitigate the impact of the pandemic. Namdeb has also been instrumental in availing and setting up isolation units in Oranjemund and Lüderitz, as well as procuring essential medical equipment such as…
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Second COVID-19 death recorded
15 Jul

Second COVID-19 death recorded

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Staff Writer Namibia has recorded a second COVID-19 related death. Minister of Health and Social Services, Kalumbi Shangula announced on Tuesday that a 44-year old man who passed away on 11 July at home in Walvis Bay had tested positive for COVID-19 posthumously. This comes less than a week after Namibia recorded record its first death on Wednesday 8 July. “He was a known diabetic. He visited the hospital on the 7th of July 2020 at the state hospital where his blood sugar was found to be high and got stabilized. On the 10th of July 2020, he visited the…
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2016 decision haunts transparency calls
13 Jul

2016 decision haunts transparency calls

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...as Swapo cites lack of regulations Andrew Kathindi It appears that a decision taken by political parties in 2016 not to reveal the source of their donations has come back to haunt them, four years later. This comes amid increased calls for the Swapo party to be transparent with its source of funds. The ruling party has been implicated in the Fishrot saga. In 2016, following the amendment of the Electoral Act of 2014, political parties unanimously decided to leave out the disclosing of the source of their donations exceeding a prescribed amount as per the Act, after a workshop…
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DBN suspends three more over loans scandal
13 Jul

DBN suspends three more over loans scandal

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Staff Writer The Development Bank of Namibia (DBN) has announced that three more employees have been suspended, bringing the total to seven employees that have been fingered for their involvement in a loans scandal that has rocked the bank. This comes as the DBN Spokesperson Di-Anna Grobler revealed that the bank was close to concluding its investigations. “If there are alleged irregularities, the Bank will follow through with investigation on the matter and take appropriate steps to ensure that the integrity of the Bank is preserved,” she said. The development at the bank comes after media reports revealed senior officials…
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PDM to appeal High Court ruling
13 Jul

PDM to appeal High Court ruling

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…as Venaani digs into judiciary Staff writer Popular Democratic Movement (PDM) has announced that it will appeal a Monday High Court ruling against the party and the Electoral Commission of Namibia (ECN’s) over their decision to remove candidates from the list of members to be sworn in the National Assembly. Charmaine Tjirare and Hidipo Hamata had challenged the ECN’s decision to accept a revised list of members to be sworn in the National Assembly after the November 2019 elections after the PDM submitted a new list, removing six candidates and replacing them with six who were not on the list…
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Namibia records first COVID-19 related fatality
10 Jul

Namibia records first COVID-19 related fatality

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Staff Writer Namibia has recorded its first COVID-19 related death after a 45-year old male died on Wednesday the 8 July, three days after presenting himself at the Walvis Bay State Hospital. This comes as it emerged the deceased was only tested for the virus after he died. He had complained of dizziness, difficulty in breathing and a cough three days after he was previously seen at a health care facility. “On the 6th July 2020, the patient’s condition deteriorated. The patient complained of respiratory ailment. He showed signs of severe renal failure and sepsis. On the 8th July 2020…
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