Windhoek Observer

FNB Namibia, through the FirstRand Namibia Foundation Trust has supported the Sikunga Fish Protection project in Zambezi with a total amount of N$775,000 to curb illegal fishing, over a three-year period. 

The Government Institutions Pension Fund (GIPF) has announced the appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned subsidiary of the GIPF as of 01 June 2019. 

Letshego Namibia down plays group turbulence

Namibia Stock Exchange-listed Letshego Namibia has down played the impact of  the on-going turbulence at its Botswana based holding company, Letshego Group, which has led to the exodus of five top executives in the past year, including the group managing director, group financial officer and a CEO who only spent six months on the job.  Letshego Namibia says that the exodus has no material impact on the company.

Four local banks, Nedbank Namibia, RMB Namibia, Standard Bank, Bank Windhoek and South Africa’s ABSA have provided an N$5.6 billion loan to Debmarine Namibia towards funding the acquisition and construction of the company’s latest marine diamond mining vessel, the AMV3.

The Motor Vehicle Accident (MVA) Fund has managed to reduce its medical expenses on road crash victims from over N$200 million in 2017/18 to N$158 million during the 2018/19 financial year, Chief Executive Officer Rosalia Martins-Hausiku has said.

NHE waiting list now at 94k

The National Housing Enterprise has revealed that its national housing waiting list currently stands at 94,999 as at June, a figure which could take decades before it is met, with the company targeting to complete only 440 houses this year.

Ondangwa protest vote weighs heavy

With all due respect to the talent and good character of Angelina Immanuel, we see the more than 1,400 votes garnered in her name in the June 15th Ondangwa Urban Constituency by elections as a protest vote representative of a SWAPO vs SWAPO outcry that demonstrates continued discontent within the party.  We believe her participation in the election is a watershed event and she is to be congratulated for her efforts.  However, the votes won under her name were likely not due specifically to her leadership or personal support base. 

Standard Bank increases support to hospitality sector

Standard Bank has for the 15th year running committed itself to the growth of the local tourism and hospitality sector by sponsoring the two-day Hospitality Association of Namibia (HAN) Tourism Congress and Tourism Awards Gala which will take place from the 20th to the 21st of June.

BAN warns of latest scam

The Bankers Association of Namibia (BAN) has warned the public of a new scam where fraudsters use a new technique to scam clients out of their money.

Sakaria Nghikembua appointed MMI chair

Agribank CEO, Sakaria Nghikembua has been appointed the new Chairperson of MMI Holdings Namibia with effect from 11 June 2019.
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WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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