Observer Money – Page 205

01 Jul

MTC unveils N$101,7m sponsorships

info_e12wt4csObserver MoneyMTC, MTC Windhoek Fashion Week, Netball

Staff Writer MTC on Tuesday unveiled sponsorships totalling N$101,700,000 to 14 different beneficiaries, across 7 different sports codes which includes Soccer, Horse Racing, Boxing, Rugby, Hockey, Netball and the Youth Games over a 3 year period. In boxing, MTC chose to maintain its relationship with the MTC Nestor Sunshine and Salute Boxing Academies by giving them an N$1 million dollar per annum, an increase from N$1,750,000 to N$2,750,000. MTC Kilimanjaro Boxing received an increase of N$100,000 per annum from N$400,000 to N$500,000. In football, MTC will continue its relationship with the annual Dr Hage Geingob Cup, giving the event an…

30 Jun

Old Mutual donates Covid19 equipment

info_e12wt4csObserver MoneyCovid-19, Ministry of Health and Social Services, Old Mutual

Andrew Kathindi As COVID-19 cases continue to rise in the country at an alarming rate, last week, Old Mutual handed over devices to the Ministry of Health and Social Services worth over N$900 000. In a bid to continue supporting the fight against COVID-19, Old Mutual donated 35 Dell laptops and 37 Samsung tablets procured at a total cost of N$ 998 030.46 to capacitate the Ministry’s surveillance system capability based on the identified and prioritised needs at national, regional and district level during and after COVID-19. “These laptops are each installed with Office Home software, Antivirus, a mouse and…

26 Jun

Bag of Hope Initiative hands over donations

info_e12wt4csObserver MoneyCovid-19, FirstRand Namibia, HOPE, RMB Namibia

Staff Writer RMB Namibia, through the HOPE initiative of FirstRand Namibia, recently handed over N$166 000 consisting of N$60 000 worth of maize, N$24 800 of pasta, N$26 400 of Weetbix, N$40 200 of cornflakes, N$4 300 of juice, and N$11 000 worth of soup packets to vulnerable families impacted by the COVID-19 pandemic. FirstRand Namibia established the ‘Bag of Hope’ initiative under their HOPE Fund in April 2020 and partnered with Bokomo Namibia and Co-Feed Namibia to feed the needy and the most vulnerable families in Namibia, whose impoverished situation has been exacerbated by COVID-19. Through the Bag of…

26 Jun

FNB supports Van Rhyn Primary School

info_e12wt4csObserver MoneyCovid-19, FirstRand Namibia Foundation Trust, FNB

Community Donation of N$10,000 from FNB Central Cluster Brian Kandanga through the FirstRand Namibia Foundation Trust. Items include: Face protector shields, gloves, hand sanitizers and masks. Due to the current situation (COVID-19) the school finds itself in a very difficult financial situation. As per WHO and Namibian Government regulations, schools need to purchase items which are very costly. The school can only guarantee quality education if the learners are healthy and if measures are in place that can protect them from the current pandemic. “From the school on the hill, we would like to extend our heartfelt gratitude to FNB…

25 Jun

Abortion debate enters Parliament

info_e12wt4csObserver MoneyAbortion, Deputy Minister of Health and Social Services, Esther Muinjangue, Parliament

Andrew Kathindi As the debate on the issue of abortion continues to gain momentum, Deputy Minister of Health and Social Services, Esther Muinjangue, has said while she is personally not for abortion, she intends to raise the matter for discussion and debate in the house tomorrow (Thursday). “For me, I have my own personal values that may not be my professional values. I would not go for abortion, but we are also in an era where human rights are being highlighted. Because this is also a woman’s body, let the women have a voice and take a decision as to…

24 Jun

Govt, NTTU clash over taxi fares

info_e12wt4csObserver MoneyJohn Mutorwa, Minister of Works and Transport, Namibia Transport and Taxi Union (NTTU)

Andrew Kathindi Namibia Transport and Taxi Union (NTTU) has rejected government’s dismissal of its call to have the 15 percent taxi fare hike made permanent. Taxi fares were increased to the current N$14 from N$12 as part of government efforts to cushion the taxi sector during the state of emergency as they are no longer allowed to carry their full load. In agreeing to the increase, Minister of Works and Transport, John Mutorwa, informed the NTTU that government was not going to indulge in discussions over the increment becoming permanent because the 15 percent increment had been approved as a…

24 Jun

Floodgate for job loses opens

info_e12wt4csObserver MoneyHigh Court, president Hage Geingob

Staff Writer The Tuesday High Court ruling in favour of employers, which declared parts of two proclamations issued by President Hage Geingob relating to the suspension of the Labour Act and also parts of the Covid-19 state of emergency regulations as unconstitutional, could spell trouble for workers. According to the National Union of Namibian Workers (NUNW), the development will not auger well for workers who had found some form of job and remuneration protection under the government regulations. “The concern is that their aim is to pay workers less, cut salaries and take away leaves days but we won’t tolerate…

22 Jun

German Embassy contributes to Covid-19 fight

info_e12wt4csObserver MoneyCovid-19, German Embassy, Gobabis, Okahandja, Witvlei

Staff Writer As part of its projects to mitigate the effects of the Covid-19 pandemic, the German Embassy will support families in need in the areas of Gobabis, Witvlei and Okahandja and a total of approximately N$ 99,600 (EUR 5,000.00) from the Embassy’s micro project fund will be made available as an immediate measure to purchase food packages. The packages include staple foods and will be distributed to the community members by the German Evangelical Lutheran Association of Okahandja-Gobabis (ELCIN - GELC) in cooperation with the Okahandja Community Forum. The Okahandja Community Forum is a civil organization in Okahandja that…

22 Jun

Uutoni summons council over Kanime

info_e12wt4csObserver MoneyCity of Windhoek (CoW), City Police Chief Abraham Kanime, Urban and Rural Development Minister Erastus Uutoni

Staff Writer The entire City of Windhoek (CoW) council was on Monday summoned to an urgent meeting with Urban and Rural Development Minister Erastus Uutoni to discuss developments at the local authority. Among issues discussed was the contentious reappointment of City Police Chief Abraham Kanime. In his letter requesting the urgent meeting, the minister said, “This communique serves to inform your good office that I would like to have an urgent meeting with the entire Council of the City of Windhoek to consult on the developments at the City of Windhoek. I request that you provide me as soon as…

22 Jun

Govt plans tourism initiative

info_e12wt4csObserver MoneyGitta Paetzold, Hospitality Association of Namibia's (HAN), Tourism and Hospitality

Staff Writer President Hage Geingob on Monday that government in collaboration with the Tourism and Hospitality sector will conduct a targeted International Tourism revival initiative from 15 July to 15 August 2020. “This initiative will look to accommodate a limited number of tourists, who will be determined in consultation with the private sector, from a carefully selected low risk market that has potential to contribute towards our tourism sector that employs over 100,000 Namibians. Modalities for this initiative will be announced in coming weeks and this trial will inform and strengthen public sector preparations for the imminent reopening of Points…