Uncategorised – Page 78 – Windhoek Observer

18 Sep

!Gawaxab commemorates 100 days in office

UncategorisedBank of Namibia (BoN), BoN Governor, Johannes Gawaxab

Staff Writer Bank of Namibia (BoN) Governor, Johannes !Gawaxab on Thursday commemorated his 100 days in office, while outlining his vision for the apex Bank. !Gawaxab took over the reins at the Bank at a time when the country was grappling with the negative impacts of COVID-19 on the economy. He was appointed as the third BoN Governor by President Hage Geingob in April, 2020. “I experience first-hand the resilience of the Namibian people who must face this situation daily, while the pandemic dominates without a clear ending, and who selflessly strive to save lives and the livelihoods of their…

18 Sep

Baobab investments safe – GIPF …as NAMFISA de-registers fund manager

UncategorisedBaobab Capital (Pty), Baobab Growth Fund (Pty), David Nuyoma, GIPF

Staff Writer The Government Institutions Pension Fund (GIPF) says N$87 million invested by its now-deregistered fund manager Baobab Capital (Pty) through Special Purpose Vehicle (SPV), Baobab Growth Fund (Pty), remain secure. The GIPF had committed N$140 million in October 2016 to the Special Purpose Vehicle (SPV), which has a venture capital mandate to invest in start-up companies. This comes as the Namibia Financial Institutions Supervisory Authority (NAMFISA) on Wednesday announced that it had de-registered the fund manager. The de-registration comes after NAMFISA conducted its own investigations into the affairs of Baobab Capital (Pty) and Baobab Growth Fund (Pty). “The Fund…

17 Sep

PayPulse adds new venders

UncategorisedPayPulse, Standard Bank

Staff Writer Standard Bank is proud to announce that it has added Liberty Life, Olusheno and MTC Data to its bouquet of partners on its Cardless Transaction Application, PayPulse, as part of the strategy to offer variety and enhance the mobile payment experience for our partners and customers. With the addition of the three partners, Standard Bank says customers are now able to pay their Liberty Life insurance premiums, as well as pay for the off-grid home lighting Olusheno kit and MTC Data using the convenience of PayPulse. “As the leading payment App in Namibia, PayPulse has been at the…

17 Sep

MTC starts SIM upgrade campaign

UncategorisedMTC

Staff Writer MTC in a drive to continue the acceleration of digital transformation, has announced that it will allow prepaid customers the opportunity for a one-time FREE sim (2G/3G) upgrade to a 4G sim card. MTC Manager Retail: Infrastructure and Development, Alan Krohne, said that "the campaign will run from 15 September - 15 December 2020, and customers who swaps their sim during this time will qualify for free 3G of Data, which will be awarded over a period of 3 months." Krohne said only prepaid customers are eligible and will qualify for free SIM Swop Campaign and that sim…

16 Sep

Old Mutual Personal Cover: Funeral Insurance

UncategorisedFuneral Insurance, Old Mutual, Old Mutual Personal Cover

Ndangi Katoma 8 things you need to know about Old Mutual’s new funeral insurance If you are the breadwinner in your family, the day may come when your phone rings and you are called upon to open up your heart and your wallet simultaneously. How many of your family members would reach out to you first when there is not enough money to cover a funeral? If you happen to be the “go-to-guy” or “gal” in your family, forking out over N$200 000 for various family funerals over the course of your life, might not be an over-exaggeration at all.…

12 Sep

Fish quotas’ auctioning bad omen for radical socio-economic transformation

UncategorisedFish quotas, socio-economic, transformation

Kae Matundu-Tjiparuro Yours Truly Ideologically lately has been postulating that the independence of the country, achieved on March 21, 1990, was merely the Democratic Phase of the Namibian Revolution.. The Second Phase of the revolution, is the economic emancipation of the people. Meaning from an ideological perspective a situation ultimately where the people, foremost the workers, the real owners of the means of production of the country, would in real fact own the natural resources of their country. This is as opposed to being alienated from such, as was the case during the colonial era under a capitalist mode of…

12 Sep

The word ‘corruption’ is being abused

Uncategorisedcorruption, SMS

Jackie Wilson Asheeke SMS pages, letters to the editor and social media conversations give great insight into public points of view. Through these avenues, I have seen an alarming misuse of word ‘corruption.’ When people label everything as 'corrupt', it is like crying wolf. After a while, no one listens to the cry of alarm anymore – that powerful word loses value and impact. Look at how people have killed the impact of the terms ‘terrorist’ or ‘fake news.’ These loaded words had solid meanings once upon a time. But, now, they have been co-opted by people on the left…

12 Sep

The Tour de France

Uncategorised

The Time Traveler: Hugh Ellis One sporting event that I’m delighted has not become a total casualty of the Covid-19 pandemic is the Tour de France. Imagine riding a bicycle up to 200 kilometers a day, every day, for three straight weeks, over mountain passes and along windswept coasts, clocking maximum speeds in excess of 60 kilometers an hour? That’s the kind of feat these athletes deliver, year on year. As someone who takes a bike out for a 10-kilometer spin on Saturdays and Sundays, I’ve always thought it completely out of this world. Of course, the reputation of the…

12 Sep

A Special Tribute to Phillip Shiimi – A True Champion of our Time

UncategorisedNdangi Katoma, NUST, Phillip Shiimi, University of Namibia

Ndangi Katoma I first met him at the yellow benches, in the present day NUST campus in Windhoek, while we were both queuing up for registration to commence our tertiary education at the University of Namibia, two years after Namibia’s independence. We immediately connected and bonded well, in a journey of solid friendship and camaraderie that lasted for a good solid twenty three years, when he departed from this earth, on that fateful day, 12 September 2015, in a tragic car accident, about 68 kilometres from Otjiwarongo to Otavi. Born on 21 November 1972 at Ondangwa in Oshikoto Region, the…

12 Sep

FirstRand Namibia profit down 23.7 percent

UncategorisedFirstRand Namibia, FirstRand Namibia Chief Financial Officer Oscar Capelao

Staff Writer FirstRand Namibia released its financial results for the year ending 30 June 2020 where its profit before tax decreased by 23.7 percent to N$1.21 billion compared to N$1.58 billion recorded prior year. “FirstRand Namibia entered this crisis in a position of strength in terms of capital, liquidity, technology and, importantly, talent. Considering the repo rate and prime rate reduction during the reporting period of 275bps, net interest income remained flat, N$2 013.4 million (2019: N$2 012.2 million). Interest expense decreased by 0.4 percent while interest income decreased by 0.2 percent,” FirstRand Namibia Chief Financial Officer Oscar Capelao said.…