Wednesday 22 November 2017
(Windhoek Observer 05/17/13)
The Chairperson of the Law Reform and Development Commission (LRDC), Sacky Shanghala, has come under fire from some media institutions after his call to host a consultative meeting with political parties and the media to discuss a law to regulate the media in the country. Shanghala, who proposes Namibia should have a statutory body to regulate how the media should report, has been accused of working on behalf of government and furthering his personal agendas. An enraged Shanghala on Tuesday afternoon told Media Institute of Southern Africa (Misa) Director Natasha Tibinyane over the phone, that if she felt he was pushing his own agendas, she should expose him. “What Mr. Shanghala needs to recognise is that this is a democracy,...
(The Namibia Economist 05/17/13)
The National Development Corporation (NDC) has invested N$850,000 in a solar energy project that will see a 30% to 40% monthly energy cost savings. The new photovoltaic system, with a capacity to produce 44.5 kWp at peak output, will produce average energy production of around 8400 units per month against a monthly energy usage of between 20 000 and 26 000 units. At this rate, capital cost recovery is expected to take place in less that eight years at current electricity tariff rates. Besides energy costs savings, the project is expected to reduce day time electricity consumption from the City of Windhoek grid and the carbon footprint of the NDC’s operations. Chairperson of the NDC board John Nekwaya said the...
(The Namibian 05/17/13)
BANK WINDHOEK Holdings plans to list on the Namibian Stock Exchange on 20 June, the bank announced on Wednesday. The company said in a statement it is going to list all its issued ordinary shares. “The listing will provide an opportunity to existing bank shareholders to unlock value through trading of their BWH shares on the NSX and more importantly, the general public and institutional investors will be able to acquire BWH shares and participate in the ownership of the group. This is the largest primary listing since the establishment of the NSX,” the statement said. The public offer was released yesterday. “For the convenience of our clients and the public, Bank Windhoek will have dedicated and trained staff members...
(Namibian Sun 05/17/13)
Local vehicle sales have been in a slump this year compared to previous years, leaving financial services company IJG Securities to predict slower economic growth for the country this year. Between January and April, 4 255 vehicles were sold countrywide, representing an 11,5% drop from the same period last year, the company said earlier this week. Still, the 1 139 vehicles sold in April suggested a turning tide, the researchers say, as the figure was only 2,4% lower than in April last year and 7% higher than in March 2012. In March, car sales were down 16,5% from March 2012. The saving grace for the industry in April came from a 6,2% increase in commercial vehicle sales, which made up...
(New Era 05/17/13)
REHOBOTH – Police in Rehoboth arrested 18 Chinese nationals for overstaying in the country. The arrested men were all workers at a copper mine on the nearby Swartmodder Farm, a mere 30 kilometres south of Rehoboth, Inspector Max Joodt, the commander of the Rehoboth police, told New Era yesterday. They are still in custody, since Rehoboth police could not formally charge them to appear in court due to the unavailability of a Chinese translator. "We acknowledge the information that is going around regarding the 18 Chinese nationals detained and confirm that they are in police custody in Rehoboth. They were arrested under Act No. 7 of 1993,” Salome Kambala, the public relations officer in the Ministry Home Affairs also confirmed...
(Windhoek Observer 05/17/13)
THE number of new Foreign Direct Investments (FDI) into Namibia went down by 28 percent in 2012 after a relatively strong 2011, Michael Lalor told the Windhoek Observer. Lalor serves as director of Ernst & Young’s Cape Town-based Africa Business Centre. He said the drop in FDI Namibia experienced was in line with the rest of Africa and global trends. “Year-on-year, in 2012, the number of Greenfield (new) FDI projects into Namibia were down 28 percent after a relatively strong 2011,” Lalor noted. He made the comments in response to questions about Namibia’s showing in the Africa Attractiveness Survey 2013 released by Ernst & Young Africa last week. However, despite the drop in FDI’s coming to Namibia in 2012, the...
(The Namibia Economist 05/17/13)
The Ministry of Agriculture, Water and Forestry has announced that it is currently in the process of buying more tractors for the crop growing regions of Caprivi, Kavango, Oshikoto, Ohangwena, Omusati, Oshana and Kunene North. In a statement issued by the Ministry’s Permanent Secretary, Joseph Iita, the ministry’s current fleet of about 65 tractors is not sufficient to serve all the constituencies therefore more tractors are needed to equip each constituency with a minimum of 4 tractors and their accompanying implements. According to Iita, the Ministry has realised that to maintain the current fleet of tractors is a major challenge due to the unavailability of garages specialising in the maintenance and repair of tractors as well as the provision of...
(New Era 05/16/13)
Windhoek — To address the high demand for qualified human resources in the economy the National Planning Commission (NPC) launched a 20-year National Human Resources Plan (NHRP). The plan, launched on Tuesday with its associated implementation tools was formulated to guide the government, private sector, civic organizations and training institutions to invest in industries with high growth and employment potential, and in critical skills training and education in order to meet the current and emerging developmental challenges. The NHRP is meant to document and highlight the mismatch between the demand for and the supply of skills. The NHRP has also identified mismatches between skills that are needed in the economy and skills provided by the education sector. In addition, the...
(New Era 05/16/13)
Windhoek — The price for services went up faster in recent months compared to the price for goods. The monthly and annual inflation for goods in April were estimated at 0.1 percent and 4.0 percent respectively when compared to those for services, which stood at 0.3 and 9.7 percent. "An indication that prices of services have accelerated much faster than those for goods for the period March to April 2013 and April 2012 to April 2013," the Namibia Statistics Agency (NSA) says. Annual inflation for April was estimated at 6.1 percent compared to the 6.4 percent recorded in April 2012. Monthly inflation for April was 0.2 percent from the March inflation of 0.4 percent, the NSA says. The food and...
(New Era 05/16/13)
Windhoek — Tough financial conditions were among some of the major challenges that faced the Swapo Party's businesses during the past decade, according to outgoing Swapo Party Secretary for Economic Affairs, Saara Languedoc-Roussillon, who yesterday handed over the portfolio to Alpheus !Naruseb. Kuugongelwa-Amadhila, who is also the Minister of Finance, revealed that during her tenure it was difficult at times to get access to funding from financial institutions and to create an asset base sufficient to back loans the ruling party's companies needed. The ruling party companies include Kalahari Holdings, Zebra Holdings, Ceret and Guinas Investments. !Naruseb, who is the Minister of Lands and Resettlement, promised to carry on from where Kuugongelwa-Amadhila left off. He urged the team that will...
(Windhoek Observer 05/15/13)
THE Presidential Economic Advisory Council (PEAC), which President Hifikepunye Pohamba announced last week, is much smaller than the one he dissolved two years ago. The new council only has nine members compared to the more than 30 in the previous council. Commenting on the new council, Chief Economist at FNB Namibia, Daniel Motinga said he was happy that the new team was smaller and more focused. “The old council had been dormant for some time. I am happy it has been reactivated,” Motinga said. However, he would have loved to see more people with the experience of running a business on the council, but expected the new council to have more regular meetings than the old one. James Cumming an...
(New Era 05/15/13)
The first round in the distribution of drought relief food to evicted farm workers commenced yesterday at Baumgartsbrunn. The rural settlement of Baumgartsbrunn is situated in the Windhoek Rural Constituency, about 35 km from Windhoek. Governor of the Khomas Region, Laura Mcleod-Katjirua, handed 117 bags of 12.5kg of maize meal to the impoverished residents of the settlement. One of the residents of Baumgartsbrunn, Erna Kharuxas, explained the dire situation they find themselves in, emphasising that "apartheid is still rife in the area" and they still live like they did before Namibia's independence 23 years ago. "We are continuously kicked off farms where we work and this has left us homeless," she said to explain why so many people have settled...
(Informanté 05/15/13)
NAMIBIAN negotiators in an N$1,2 billion Exim Bank loan from China made a breakthrough in establishing new rules to benefit the country from future Chinese ventures.In terms of the contracts signed for the construction of two roads in the North, Chinese are forced to comply with Namibian Labour and Taxation legislation, as well as sourcing local labour and materials. The breakthrough was achieved with the finalisation of a Chinese loan to construct the MR67 Omakange to Ruacana at US$46 million (N$415 million) and the DR3602 road between Omafo and Outapi at US$80 million (N$721 million). The government was not entirely happy with the initial terms of the loan, which, at that stage, amounted to N$1,4 billion, and renegotiated fine print...
(Informanté 05/15/13)
Despite the development of a School of Medicine in Namibia and the lack of study opportunities in South Africa, Namibia is forced to fork out about N$1 billion to pay the Republic of Cuba to train 750 medical doctors and technicians in the next three years. The government will send the first batch of 250 medical students in August this year. The plan is to send 250 medical doctors, 100 dentists and 150 health technicians to Cuba in the next three years for studies that will last between four and seven years. The government will have to pay Cuba roughly N$615 000 to train a single student, which include accommodation, meals, health insurance, flight tickets, living allowance, and contingency emergencies...
(Voice of America 05/14/13)
UNITED NATIONS — The United Nations Security Council pointed Monday to the connection between terrorism in Africa and organized crime, and called for a strengthened global response. The 15-member Security Council unanimously adopted a statement declaring its deep concern for what it calls the increasing violence perpetrated by armed groups, the number of which, it said, are growing in several regions and sub-regions of Africa. The council approved the statement during a discussion of the fight against terrorism in Africa. In expressing its concern about the connection between terrorism and transnational organized crime, and with illicit activities such as drugs, arms and human trafficking, the Security Council urged enhanced coordination to strengthen a global response. UN Secretary-General Ban Ki-moon told...
(Windhoek Observer 05/13/13)
JUST two hours before the President of Nigeria Goodluck Jonathan’s was scheduled to land at Hosea Kutako International airport for a state visit to Namibia, the news came that he had abruptly cancelled the trip. The announcement of the cancellation of came in a memo signed by Minister of Presidential Affairs Albert Kawana on Thursday afternoon. “This note serves to inform the nation as well as the diplomatic community in Namibia that due to circumstances beyond his control, His Excellency Dr. Goodluck Jonathan has postponed his State Visit to the Republic of Namibia until further notice.” “Their Excellencies Dr. Hifikepunye Pohamba, President of the Republic of Namibia and Dr. Goodluck Jonathan, President of the Federal Republic of Nigeria apologise for...
(The Namibian 05/13/13)
VIOLENCE against women and children continue unabated in Namibia despite a deafening outcry from individuals and various organisations against the perpetration of violent crimes. A total of 122 rape cases were reported in the country in less than four months this year, according to a rare but detailed crime report from the Namibian Police. The report shows that rape trumps murder and housebreaking and theft cases reported from the first week of 2013 (January) to the 15th of April 2013. The figures for week 10 (4 March - 9 March were however unavailable. A number of civil rights groups, community activists, church leaders, political parties, law enforcement agencies and other role players last week condemned the escalating cases of rape...
(Reuters (Eng) 05/10/13)
Africa's economic development is being held back by a "hemorrhage" of illicit financial flows, which may be getting worse, the African Development Bank said on Friday, calling for reforms to stem the losses. A draft report to be presented at the AfDB's annual meeting in Morocco later this month shows net resource outflows from Africa totaling up to $1.4 trillion over the 30-year period to 2009, far exceeding inflows to the continent. Illicit financial flows were "the main driving force" behind $1.2-1.3 trillion of the three-decade net drain, it said. This is about four times Africa's current external debt and almost equivalent to its current GDP. "The trend is continuing, it could even be increasing," AfDB Chief Economist Mthuli Ncube...
(New Era 05/07/13)
The Chinese Ambassador reiterated the call made by the Chinese President Xi Jinping who during a recent tour of Africa addressed concerns among African leaders about what they perceive to be uneven trade relations between China and Africa. The new Chinese leader’s first trip to Africa had underscored the strategic importance that China attaches to the continent’s natural resources for the world’s second largest economy, though some critics have been asking whether this relationship has benefited Africa as much as it has benefited China. The Chinese president promised to promote equal trade relations with African countries that would promote development on the entire African continent. “China has never and will not aim to seek one-sided benefits from trade with Africa,”...
(New Era 05/07/13)
WINDHOEK - Nigerian President Dr Goodluck Jonathan is expected on an official State visit to Namibia on Thursday and Friday where he will meet his counterpart President Hifikepunye Pohamba and the business community. President Jonathan is scheduled to visit the Windhoeker MaschinenFabrik, Sat-Com and Meatco. He is also expected to visit the Heroes’ Acre and meet the Nigerian community living in Namibia. According to Nigerian media, Jonathan is planning to “seek economic cooperation” with both Namibia and South Africa, from where will be arriving when he visits Namibia. Nigeria’s Economic Management Team that will attend the World Economic Forum (WEF) in Cape Town tomorrow accompanies the Nigerian leader. He is expected to return to Nigeria on Friday. Jonathan, who was...

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