A Namibian fishing company’s operations have come to a standstill after its Cameroonian-born partner and managing director defrauded it of millions of dollars. The company has been unable to pay its sea-going workers and it has debts with other creditors for non-payment of services. The company, JCS Seafood, is about to lose its vessel because the MD took a loan of N$4.5 million from Atlantis Fisher Namibia and used the company’s fishing vessel as security.
It is a safe bet that the Bank of Namibia (BoN) will wait for a couple of months before it considers increasing interest rates, a local economist predicts. South Africa’s central bank on Wednesday raised its key interest rate, aiming to halt a rush out of its bonds and currency spurred by a run on faltering emerging-markets around the world.
THE Namibia Airports Company (NAC) is still at loggerheads with the Ministry of Works and Transport after one year about the repair work contractors still have to carry out at on the Walvis Bay airport runway. Deputy Director of Aviation Administration and Navigation at the Directorate of Civil Aviation Tobias Gunzel said that since his ministry allocated the tender for remedial work on the runway in 2013, the NAC had not permitted the contractors to do the work.
LACK of regulation to protect local fresh produce from competition against cheap imports and a small absorption capacity hampers Namibia’s fledging green scheme, Managing Director of the newly established AGRIBUSDEV Petrus Uugwanga said. Uugwanga said that a regulation against competition from cheap mass produced fruit and vegetables from South Africa would help ensure that locally produced crops have a market, thereby bolstering domestic consumption.
Sydney Martin has fired another shot this time hitting at the Namibian government claiming that it made the conditions for the Norwegian meat quota favourable only to Meatco. In the process the Chairman of Witvlei Meat made Brukkaros a casualty, alleging that it does not have a meat export licence. This latest attack follows a series of allegations Martin has vented against Trade Minister, Calle Schlettwein, Meatco CEO Vekuii Rukoro and the white farming community.
As the electoral commission of Namibia launched its voter registration drive this week Wednesday, a youth voter mobilisation and election drive campaign has also been launched to mobilised the youth to vote. According to the Executive Secretary of the National Youth Council (NYC), Mandela Kapere, the aim is not only to encourage youth to register to vote but also to vote in large numbers in the 2014 general and presidential elections.
WINDHOEK – The proposed new import permit system of livestock and products regulations by South African authorities will have an dramatic impact and make it virtually impossible for Namibia to trade with RSA, warns the Meat Board of Namibia. “This is something of great concern for our industry and we hope and support the Directorate of Veterinary Services to negotiate a good export deal for our industry,” said General Manager of the Meat Board of Namibia Paul Strydom when approached by the Windhoek Observer.
The long-awaited appointment of a Managing Director for the beleaguered Government-owned Namibia Wildlife Resorts (NWR) has been thrown back into limbo again. The Windhoek Observer understands that the Ministry of Environment and Tourism under which the NWR resorts, was given an ambiguous recommendation which did not specify who the preferred candidate by the board was.
THE fate of suspended acting Secretary General (SG) of the National Union of Namibian Workers (NUNW) Alfred Angula could take a new twist following a High Court application by the Namibia Farm Workers Union (Nafwu). The application made by the incumbent president of Nafwu, Ronelle De Jongh, questions the legitimacy of the leadership that spearheaded the allegations of financial impropriety against Angula when he was secretary general of Nafwu.
THE High Court on Thursday threw out the application by Witvlei Meat to prevent Government from changing the 50/50 allocation of the Norwegian beef export quota and struck it from the roll. Witvlei Meat currently shares the export quota to the lucrative Norwegian export market with Meatco on a 50/50 basis. Norway granted Namibia a 1,600 tonne quota to export beef to the Scandinavian country.