Observer Money

CHAMWE KAIRA The Ohangwena II, part of the Ohangwena Aquifer System in Namibia, is nearing development stages, as indicated by NamWater's recent release of the Environmental and Social Impact Assessment (ESIA) and Environmental Clearance Certificate (ECC) reports. The Ohangwena Aquifer System, boasting a total groundwater volume of approximately 300 million cubic meters, stands as a significant water source, representing 60% of Namibia's total water resources. The project, funded by the African Development Bank, is considered a medium to long-term endeavor, with no immediate plans for decommissioning. The ESIA study acknowledges that decommissioning will be addressed in the future, necessitating a…

SAKARIA NGHIKEMBUA We mourn the loss of an outstanding leader and a distinguished son of Namibia. His Excellency, Dr Hage G. Geingob, has left indelible footprints on the face of his beloved country, Namibia. Characteristically jovial and larger-than-life, President Geingob was a man of high moral and ethical principles. He believed in doing what is right for his country and people. He believed in inclusivity. He believed in, and advocated for, transparent leadership, independent and functioning organs of state,and media freedom, amongst other principles. He pronounced himself unequivocally on his principles and core beliefs. He pushed for the implementation of…

CHAMWE KAIRA Economic and investments polices that were championed by the late President Hage Geingob like the Harambee Prosperity Plan and the Green Hydrogen Initiative will likely continue under new President Nangolo Mbumba, a leading economist said this week. Economic analyst, Mally Likukela told Observer Money this week that these policies took many years to bring to life. “With a lot of investments in terms of money and time have gone into crafting and developing them, so I don't think time will be sufficient enough for him to change the trajectory or direction that Dr Hage Geingob left them. Besides,…

CHAMWE KAIRA Namport and Terminal Investment Limited (TIL) remain seized with finalizing the terms, conditions and all attendant schedules to the proposed concession of the port of Walvis Bay. Terminal Investment Limited was founded in 2000 by the Aponte Family to secure container terminal capacity in the major ports called by our majority owner and main client, MSC Mediterranean Shipping Company. Securing increasingly restricted terminal capacity is critical to the development of MSC’s core container shipping business. “We will therefore, in due course, make the appropriate and necessary public pronouncements once the process has been completed,” Taná Pesat, Manager of…

CHAMWE KAIRA The Stampriet Aquifer Uranium Mining Association (SAUMA) is currently conducting a study to provide the economic value of the Stampriest Artesian Basin to Namibia. “We have instructed professionals to provide this information independently,” SAUMA said in a response to questions by Observer Money. SAUMA noted that in terms of agriculture activities contribution to the Namibian economy, SAUMA noted that agriculture provides a livelihood to roughly 70% of all Namibians and said various sectors are involved and depend on the outcomes of agriculture. The Stampriest Artesian Basin strides between Namibia, Botswana and South Africa. The Stampriet Transboundary Aquifer System…