David Nuyoma – Windhoek Observer

20 Aug

Construction of Capricorn Group sustainable building commenced

ObserverObserver MoneyCapricorn Group, David Nuyoma, Johan Swanepoel

Martin Endjala The Capricorn Group held the groundbreaking ceremony for the start of construction on a new office building in Windhoek's central business district on Tuesday. The group's chief executive officer, David Nuyoma, said the development is designed to reflect the group's four-decade legacy while accommodating over 200 employees and addressing the growing need for office and parking space. “It represents the group’s commitment to contributing meaningfully to the rich heritage and renewal,” he said. The Capricorn Group building, which houses its subsidiary bank, Bank of Windhoek, will be next to the building at the corner of Independence Avenue and…

09 Apr

‘Let’s Develop’ is not a slogan: It is the catalyst for Namibia’s development

ObserverOpinionsDavid Nuyoma, Martin Inkumbi, ‘Let’s Develop’ is not a slogan: It is the catalyst for Namibia’s development

John Steytler Just over six months ago, I embarked on a challenging journey as the new CEO of the Development Bank of Namibia (DBN). A position I was honoured to have been selected for. My predecessors Mr. David Nuyoma, DBN’s founding CEO, and former CEO Mr. Martin Inkumbi, certainly left some big shoes to fill. They created the foundation upon which our team at DBN is building. Consistently and continuously focused on and rolling out DBN’s mission; the Development Bank of Namibia strives to be recognized for its significant impact on sustainable socio-economic development and transformation in Namibia. It also…

05 Jun

175 witnesses for Fishrot trial

ObserverUncategorised175 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…

15 Apr

GIPF increases pension benefits

ObserverUncategorisedDavid Nuyoma, GIPF CEO and Principal Officer

Staff Writer The Government Institutions Pension Fund (GIPF) has announced a 3 percent pension benefit increase, effective 01 April 2021 for all GIPF pensioners. The decision according to the fund, is aimed at cushioning pensioners against touch economic conditions in the country, which have in turn eroded consumer’s purchasing power. “Amidst the current volatile economic outlook, the Fund continues to provide guaranteed benefits to members. A pension increase serves to cushion pensioners from unexpected changes in their purchasing power and hence the incessant ability to increase members’ benefits annually is driven by the Fund’s collective commitment to guard and grow…

18 Sep

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

ObserverUncategorisedBaobab 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…

24 Mar

What happens the day after?

ObserverUncategorisedCovid-19, David Nuyoma, GIPF, Government Insurance Pension Fund (GIPF)

The CEO of the Government Insurance Pension Fund (GIPF), David Nuyoma made a comment this week that needs to be repeated. He said, “The GIPF will not be making any rushed investment decisions [due to the virus].” This wisdom needs to be injected into our Covid-19 mitigation ideas and plans right now. Programs must not be entered in a rush of ‘doing something’ about Covid-19. When the virus emergency passes, as it eventually will, the after crisis recovery could be worse for the already-stressed Namibian economy. When the Titanic hit the iceberg, the crew, in its haste to ‘save as…