Uncategorised – Page 36

05 Jun

Agreement will never bring closure yet

info_e12wt4csUncategorisedAgreement will never bring closure yet, Dr Zed Ngavirue, Maharero, Nangolo Mbumba, Netumbo Nandi-Ndaitwa, Ovambanderu and Nama, Zeraeua

Staff Writer Vice President, Nangolo Mbumba, this morning officially in a live broadcast by the Namibian Broadcasting Corporation (NBC) television and its various indigenous languages radio channels, announced the Joint Declaration between the two nations relating to Genocide, Apology and Reparations. This is obviously in an attempt to give credibility to the purported deal which since news of its hatching has been receiving serious challenges. The Vice President, flanked by Deputy Prime Minister and Minister for International Relations and Cooperation, Netumbo Nandi-Ndaitwa, and Special Envoy on the negotiations, Dr Zed Ngavirue, tried to deflect a lot of queries arising from…

05 Jun

175 witnesses for Fishrot trial

info_e12wt4csUncategorised175 witnesses for Fishrot trial, Armas Amukwiyu, David Nuyoma, George Simataa, Johaness Stefansson, Vaino Nghipondoka

Andrew Kathindi Namibia should brace itself for a lengthy and protracted Fishrot trial after an extensive list of nearly 200 witnesses have been lined up to testify. In the leaked Nangomar Pesca docket in possession of the Windhoek Observer, former Fisheries and Marine resources Minister, current Home Affairs Minister, Albert Kawana, and Justice Minister, Yvonne Dausab , are among those to be summoned to the witness stand. Other witnesses to appear in court are, Government institutions Pension Fund (GIPF) Chief executive Officer (CEO), David Nuyoma , Business and Intellectual Property Authority (BIPA) CEO, Vivienne Katjiuongua, and Secretary to Cabinet, George…

04 Jun

Stimulus upbeat on outlook, despite slump in investee contribution

info_e12wt4csUncategorisedJosephat Mwatotele, Stimulus Investments Limited

Staff Writer Stimulus Investments Limited has reported an operating profit of nearly N$1.32 million for the year ended 28 February 2021, compared to a loss of about N$5.95 million for the same period last year. The company, however, recorded a total comprehensive loss of N$27.2 million, down from N$35.8 million in 2020. The company reported a dividend income of nearly N$21.3 million, about N$24.5 million for the period under review. According to its financials, the company’s operating expenses increased to N$12.8 million, from N$12.3 million prior year. The company’s finance costs for period were N$31.2 million, down from nearly N$34.7…

04 Jun

Eos to acquire Mushara Collection

info_e12wt4csUncategorisedAllegrow Fund, Eos Capital, The Mushara Collection

Staff Writer Private equity firm, Eos Capital will acquire The Mushara Collection through its Allegrow Fund, pending approvals from the Namibian Competition Commission (NaCC) and land waiver application with the Ministry of Lands and Resettlement. Mushara is a high-quality tourism asset with locations near Etosha National Park and comprises of three main lodges, namely Mushara Lodge, Mushara Bush Camp and Mushara Outpost. The Mushara Villa is part of the Mushara Lodge and is an exclusive offering at Mushara with only two exclusive villas available. Mushara is owned by Marc Pampe and his wife, Mariza Pampe and Marc set to stay…

03 Jun

Col’Cacchio reopens at The Grove

info_e12wt4csUncategorisedCol’Cacchio

Staff Writer Col’Cacchio has once again opened its doors at the Grove Mall of Namibia, after a revamp and under new management. Col’Cacchio known for gourmet thin-based wood-fired pizzas, hearty pasta and crisp fresh salads, has a legacy of crafting artisanal meals out of the freshest sourced ingredients, with quality and innovation always at the heart of their dynamic offering. New owner, Melissa Du Plessis, a committed foodie and long-time Col’Cacchio fan said she jumped at the opportunity to bring the brand back to Windhoek. Sharing on returning customers should expect, Du Plessis said, “Customers can expect great service, the…

02 Jun

Value-Added Tax (VAT) Fraud

info_e12wt4csUncategorisedValue-Added Tax, VAT

Value-Added Tax Act 10 of 2000 Value-Added Tax Act 10 of 2000 was brought into force on 27 November 2000, to provide for the imposition and collection of value-added tax and to provide for matters incidental thereto. Subject to this Act, there shall be levied and paid, for the benefit of the State Revenue Fund, a tax (to be known as the value-added tax) on every taxable supply by a registered person; and on every import of goods or import of services, other than an exempt import. Every registered entity that is liable for the payment of value added tax…

02 Jun

Definition of Act dominate procurement conference

info_e12wt4csUncategorisedNamibia Procurement Conference, Public Procurement Act

Staff Reporter Matters surrounding the interpretation of the Public Procurement Act in the procurement process dominated the Namibia Procurement Conference held in Windhoek last week. The conference was attended by more than 60 procurement officers drawn from State-owned companies and local authorities as well as suppliers who bid for Government contracts. Tenders awarded by State-owned institutions and local authorities have been subjected to many court disputes. “The conference was successful. Everyone was engaging throughout. That is the thing with procurement, its non-ending debate. I believe the participants walked away with a lot of insights,” said one of the speakers at…

02 Jun

Eos Capital acquires solar and refrigeration business

info_e12wt4csUncategorisedEnergy Partners, Eos Capital

Staff Writer Private equity firm, Eos Capital has announced that it will acquire Utility Energy Partners’ solar and refrigeration assets subject to regulatory approval. Energy Partners is an innovative energy infrastructure company that builds, operates, and maintains solar and refrigeration assets in Namibia. “Through their innovative business model, Energy Partners provides an energy solution to clients which reduces their grid energy consumption through its solar installations and optimisation of their freon/ammonia cooling systems combined with the use of world-leading monitoring technologies. Energy Partners additionally reduces their clients’ CAPEX burden by taking on all the construction costs and leasing the assets…

01 Jun

Old Mutual extends ALI agreement

info_e12wt4csUncategorisedAfrica Leadership Institute (ALI), Old Mutual

Staff Writer Old Mutual has announced that it will invests N$900 000 in total over three years to train government school principals and department heads through Africa Leadership Institute (ALI). The 3-year agreement is an extension of an existing 14-years partnership between Old Mutual and ALI, with the aim to equip school management with the necessary leadership knowledge and skills through the Transformational Leadership Certificate as endorsed by the Ministry of Basic Education and Culture, as well as the National Qualifications Authority (NQF level 5), in Namibia. Old Mutual’s investment will be channelled towards the learning material, class facilitation and…

01 Jun

Meatco directors resign

info_e12wt4csUncategorisedClara Bohitile, Johnnie Hamman, Kay Dieter Rumpf, Meatco

Staff Writer Material differences including issues to-do with the direction of the company have seen Chairperson of the Meatco board, Johnnie Hamman, his deputy Clara Bohitile and Kay Dieter Rumpf tendering their resignations. Their resignations which are with immediate effect, came after the meat processor’s board meeting last Thursday. Public Enterprises Minister, Leon Jooste, appointed the current board of directors in terms of the Meat Corporation of Namibia Act of 2001 for a term of three years. Hamman and Bohitile were nominated by Meatco members in the category “Expert “in terms of Section 5(1) d and Rumpf in the category…