Namibia – Page 4 – Windhoek Observer

27 May

MTC is Namibia’s most admired brand again

ObserverUncategorisedBrand Leadership, MTC, Namibia

Staff Writer MTC has been named Namibia’s Most Admired Brand for the 2nd year running. The announcement was made virtually during the annual Brand Africa Leadership announcement which took place on the 25th May, 2021 coinciding with Africa Day. This year, Brand Leadership added a new category titled Most Admired Brand during COVID in Namibia and MTC also scooped the award as the Most Admired African Brand in Namibia during COVID while the World Health Organization took number one spot for the Most Admired Global Brand in Namibia during COVID. In a surprising move, MTC was named the 2nd Most…

18 May

‘Rushed’ genocide deal questioned

ObserverObserver MoneyGenocide, German, Nama, Namibia, Ovaherero

Kandjemuni Kamuiiri Concerns have been raised around the agreement reached between Namibia and Germany over the Nama and Ovaherero genocide reparations. This is amid concerns the imminent deal was rushed and might not come out in the best interest of Namibia after almost six years of negotiations. According to political analyst, Henning Melber, the announced agreement set to be signed in two weeks’ time, will be in the best interest of Germany, as it brings the negotiations to a close ahead of the country’s elections scheduled for September. “This might not have been in the best strategic interest of the…

12 May

Matching your insurance to a tight budget

ObserverUncategorisedFinance minister, Namibia

Staff Writer In tough times the temptation to cut spending, especially on insurance costs, can become overwhelming. As the budget squeezes, insurance is usually the first casualty. Maintaining essential cover in tough times, however, can save money and avoid unforeseen losses, especially when there is simply no more cash in the kitty. We live in a time of plummeting national income, increased administration costs, and every likelihood of an increased individual tax burden. In these tough times, just as the Finance Minister is taking a good, hard look at Namibia’s spending priorities, individual policyholders are encouraged to do the same…

12 May

Namibia secures N$1.8 billion German loans

ObserverObserver MoneyGerman Ambassador, Germany, Herbert Beck, Iipumbu Shiimi, Minister of Finance, Namibia

Kandjemuni Kamuiiri Namibia and Germany on Tuesday signed a N$ 1.8 billion loan agreement, which will fund three programmes in the areas of water, infrastructure and food production. Minister of Finance, Iipumbu Shiimi, and German Ambassador, Herbert Beck, signed the agreements on behalf of their respective countries. According to Shiimi, financing will be provided by interest-reduced loans in local currency, thereby securing favourable credit conditions for the Government of Namibia. “These projects will support the development of important water and other climate related infrastructure projects in Namibia, and the promotion of agricultural households and micro, small and medium-sized enterprises through…

28 Apr

Nchindo family looks to sue Botswana government

ObserverObserver MoneyBotswana, Botswana Defence Force (BDF), Namibia, president Hage Geingob

Andrew Kathindi The Nchindo family is looking to sue the Botswana government for damages after Botswana Defence Force (BDF) soldiers shot and killed three brothers and a cousin, last year at the Chobe River between Namibian and Botswana. The revelation comes after President Hage Geingob recently paid a courtesy visit on the family. “That is one of the items we highlighted when we had a meeting with the President. We asked that our government should be able to assist us with negotiating for compensation from the Botswana government. But definitely, suing for compensation is a priority as we seek recourse,”…

20 Apr

Quest for Inclusive Health Care Framework …as SADC MPs demand action on Intellectual Property, TRIPS flexibilities

ObserverObserver MoneyBotswana, Covid-19, Madagascar, Mauritius, Mozambique, Namibia, SADC Members of Parliament, Seychelles

Moses Magadza WINDHOEK - The COVID-19 global pandemic has amplified the need to address issues related to Intellectual Property (IP) and human rights as well as for taking steps to benefit from TRIPS flexibilities to ensure access to medicines for all. As Least Developed Countries (LDCs) join the rest of the world in rolling out COVID-19 vaccines, there are concerns over access, transparency, equity and human rights violations. Against this backdrop, SADC Members of Parliament last week called for all hands on board to build the region’s capacity to produce medicines and to ensure that citizens benefit from their vast…

31 Mar

The Dollar-Rand Peg: Time to Decouple?

ObserverUncategorisedCommon Monetary Area (CMA), Covid-19, Namibia, RMB

Carel Jordaan Namibia’s sophisticated and liquid foreign exchange market plays a crucial role in its economy. Notwithstanding the country’s size, we have a very liquid market. Banks, like FirstRand Namibia, have been playing a key role in establishing this market. Equally, banks are instrumental in developing, capacitating and growing its potential. Although the Namibian Dollar replaced the South African Rand in 1993, following Namibia’s independence from its neighbour, the rand remains widely used in Namibia. Moreover, the dollar has been pegged to the rand at one to one as Namibia is a member of the Common Monetary Area (CMA). The…

26 Feb

Masisi jets in for desalination plant talks

ObserverObserver MoneyBotswana, Namibia, president Hage Geingob, President Mokgweetsi Masisi

Maria Hamutenya Namibia and Botswana are still moving ahead with plans to set up a joint desalination plant at the coast, with President Mokgweetsi Masisi having jetted into the country on Thursday for a one day working visit with President Hage Geingob. The visit is Masisi’s second visit to the country in two months. Although exact details of the meeting, held behind closed doors, were sketchy, Masisi is said to have been invited by Geingob to meet unnamed investors interested in funding the project, a development confirmed by the Botswana President through his social media. According to Masisi, Namibia has…

25 Feb

Science must decide mining projects

ObserverUncategorisedBotswana, Kavango, Namibia, Okavango Delta, World Wildlife Fund (WWF)

CHAMWE KAIRA Namibia is in the international headlines because of the test drilling for oil and gas by a Canadian company, Reconnaissance Energy Africa in the two Kavango regions. “Test drilling for oil and gas begins in Namibia’s Okavango region,” read a headline in the National Geographic’s article saying the drilling rig is placed in an elephant habitat some 160 miles from the wildlife-rich Okavango Delta. The Mail & Guardian ran with the headline; “Okavango Delta under threat from oil, gas exploration,” with the gist of the story saying San leaders were decrying Canadian climate-wrecking oil and gas project in…

16 Feb

Changing gears over Air Namibia

ObserverUncategorisedAir Namibia, Covid-19, Namibia

CHAMWE KAIRA The liquidation of Air Namibia is a sad episode in post-independence Namibia. The national flag carrier is gone, jobs have been lost and the ripple effects will be felt across the economic and social fabric of the country for a long time. The country is already facing a depressing period with the COVID 19 pandemic and the economic recession, the Air Namibia shutdown adds to the misery. The loss of jobs at the airline adds to unemployment figures caused by companies shutting down due to the pandemic and recession. Employment figures released by the Ministry of Labour, Industrial…