Uncategorised

Eos to acquire Mushara Collection

Eos to acquire 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…
Read More
Col’Cacchio reopens at The Grove

Col’Cacchio reopens at The Grove

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…
Read More
Value-Added Tax (VAT) Fraud

Value-Added Tax (VAT) Fraud

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…
Read More
Definition of Act dominate procurement conference

Definition of Act dominate procurement conference

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…
Read More
Eos Capital acquires solar and refrigeration business

Eos Capital acquires solar and refrigeration business

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…
Read More
Old Mutual extends ALI agreement

Old Mutual extends ALI agreement

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…
Read More
Meatco directors resign

Meatco directors resign

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…
Read More
FNB warns against eWallet scam

FNB warns against eWallet scam

Staff Writer Jerome Namaseb, Head of Retail Transactional Banking, warns that a new scam has emerged where fraudsters access and manage customers’ eWallet accounts on the FNB App. “We have seen this new scam making the rounds and urge our customers to take note of how it works to protect themselves, he said. • first, fraudster will a select random cellphone number and attempt to link the eWallet of selected number to their own smartphone, which triggers a notification (with an OTP – one time pin) asking to confirm if customer is indeed the one attempting to link their wallet.…
Read More

Signing sham deal tantamount to committing second genocide

Kae Matundu-Tjiparuro Though it has as yet not been confirmed officially by both the Namibian and German governments, it has emerged through the grapevine that the lives of thousands of Ovambanderu, Ovaherero and Nama, is no more worth than the pitiful billion Euros. Not that one can really put a price on these lives but as much accepting these as justiciable and justifiable redemption of these lives, is nothing but committing a second genocide against those have already perished from the same act in 1904-1908. It is simply and literally killing a dead person. Not to mention thousands and thousands…
Read More
Same old Soccer House shenanigans

Same old Soccer House shenanigans

Jefta M Gaoab Wonders shall never cease to happen and wonders constantly keep on happening, wrongfully at the Soccer House. We have accused the previous administration of all corrupt sorts of practices and the current administration is at the forefront, thereof. Just as we thought that football was being normalised, it’s the direct opposite and I stand to be proven otherwise. Wrong is wrong and wrong can never be right. I wonder what the values of Football House are, and if they are living according to their values and purpose in their daily operations, or as they go about their…
Read More