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Published on August 19th, 2015 | by admin

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Month In Review -July 2015

ECONOMY

The Namibia Statistics Agency reported THAT THE ANNUAL INFLATION RATE FOR JUNE 2015 REMAINED
UNCHANGED AT THREE PERCENT.
AN INTERNATIONAL MONETARY FUND MISSION TO NAMIBIA SAID THAT FAST GROWTH IN
REAL ESTATE PRICES combined with the high concentration of banks’ mortgage lending posed risks to the financial
sector and the economy.
THE BANK OF NAMIBIA WARNED THAT EXCHANGING ANGOLAN KWANZA INTO NAMIBIA
DOLLARS AND VICE VERSA WITHOUT AUTHORISATION FROM THE CENTRAL BANK IS A CRIMINAL
OFFENCE. Authorised exchanges are only allowed for up to 500,000 Kwanza per adult.

BUSINESS

• THE DEVELOPMENT BANK OF NAMIBIA INCREASED ITS STAKE
IN OHORONGO CEMENT, which is majority-owned by Schwenk Zement KG of
Germany, from 10 percent to 11. 72 percent. The other shareholders are the Development Bank
of Southern Africa (7.3 percent) and IDC of South Africa (20 percent).

• THE HIGHEST PAID CEOS WORKING FOR NSX-LISTED COMPANIES EARN ABOUT US$303,000
(ABOUT N$3.7 MILLION) PER YEAR while those at the lower end earn US$203,000 (about N$2.5 million),
according to the latest PricewaterhouseCoopers salaries report.

• TRUSTCO SAID THE GROUP REVENUE FOR THE QUARTER ENDING JUNE 30
WAS N$170 MILLION representing an increase of 16 percent on the same period last year.

• NAMPOWER SUSPENDED ITS MANAGING DIRECTOR PAULINUS SHILAMBA OVER
ALLEGED TENDER IRREGULARITIES. Chief technical services officer O’Brien Hekandjo and
senior manager for energy trading Werner Graupe were also suspended.

• Namibian Ports Authority senior manager Immanuel Hanabeb was appointed as acting head of
the Roads Contractor Company for the next 12 months.

• BOTSWANA’S SEFALANA GROUP SAID ITS NAMIBIAN OPERATIONS BOOSTED PROFIT
BEFORE TAX BY P26 MILLION for the year ended April 30 2015. Sefalana owns 13 Metro stores in Namibia.

POLITICS

• A meeting between government and the AFFIRMATIVE REPOSITIONING (AR) MOVEMENT AGREED THAT 200,000 PLOTS COUNTRYWIDE would be cleared for housing. As a result, AR called off its threat to occupy urban land on July 31.

• THE SWAPO CENTRAL COMMITTEE CONFIRMED A POLITBURO DECISION TO EXPEL AR LEADERS JOB AMUPANDA, GEORGE KAMBALA AND DIMBULUKENI NAUYOMA, as well as Swapo youth league secretary Elijah Ngurare from the party.

• As part of a series of LAND REFORM PROPOSALS, CABINET SAID IT WOULD INTRODUCE LEGISLATION TO BAN FOREIGNERS from owning agricultural land while foreigners would only be allowed to lease urban land but not own it.

• A CABINET COMMITTEE PROPOSED REGULATING THE PROPERTY RENTAL MARKET in order to prevent the
“exploitation of tenants by landlords .

• OVER 300 PEOPLE SOUGHT TO OCCUPY PUBLIC LAND IN THE GOREANGAB area before being ordered to
leave by security forces.

• CABINET APPROVED A PLAN TO COME UP WITH A LAW TO REGULATE THE USE OF THE INTERNET. The Electronic
Communication and Cyber Crime Bill will seek to protect citizens from defamatory content posted on social networks.

• THE DEADLINE FOR THE NATIONAL ASSEMBLY TO AGREE AN ASSET DECLARATION SYSTEM FOR MPS was postponed
until the end of September.

• THE SWAPO PARTY YOUTH LEAGUE SUSPENDED DEPUTY SECRETARY VEIKKO NEKUNDI in a tit-for-tat move after the
party’s central committee expelled Elijah Ngurare.

• THE RALLY FOR DEMOCRACY AND PROGRESS ELECTED JEREMIAH NAMBINGA (68) as its new president following the
retirement of Hidipo Hamutenya. He narrowly beat Kandy Nehova in a second round of voting after other contenders – Heiko Lucks, Libolly
Haufiku, and Chris Nguherimo – fell out in the first round.

• CONGRESS OF DEMOCRATS PRESIDENT BEN ULENGA RESIGNED from the party he founded in 1999. Ulenga would not
explain his decision to quit the party which no longer has seats in parliament.

• THE DEPARTMENT OF VETERANS AFFAIRS STARTED PRELIMINARY WORK TO REGISTER FREEDOM FIGHTERS
WHO DIED or went missing in exile while under the care of Swapo.

• PRIME MINISTER SAARA KUUGONGELWA-AMADHILA APPOINTED SIX NEW PERMANENT SECRETARIES AND
REDEPLOYED EIGHT OTHERS. Among the new faces were Sanet Steenkamp, the new permanent secretary at the Ministry of Education,
and I-Ben Nashandi, who will head the Poverty Eradication Ministry.

• AMID RISING BORDER TENSION IN THE ZAMBEZI REGION, government condemned the fatal shooting of two
Namibian suspected poachers by the Botswana Defence Force.

• Minister of Agriculture, Water and Forestry JOHN MUTORWA CRITICISED MINERAL EXPLORATION ACTIVITY taking place
near Windhoek’s underground water reservoirs.

SOCIETY AND SPORT

• LI ZHIBING, A CHINESE national accused of trying to SMUGGLE 14 RHINO HORNS out of Namibia last year,
admitted guilt in court.

• THE POLICE SAID THEY HAD ARRESTED 36 SUSPECTS FOR POACHING in the Etosha National Park
since launching an operation in June.

• The former general secretary of the NAMIBIAN FARMWORKERS UNION, ALFRED ANGULA CLAIMED HE WAS GIVEN A PAYOUT OF N$1.18M as part of a court settlement. He had been suspended from his union work after his arrest on charges of fraud, of which he was later
acquitted. However, the union responded that no such deal had been reached.

• THE FIRST STAGE OF THE JUDICIAL INQUIRY INTO THE DEATH OF THE LATE FRIEDA NDATIPO CAME
TO AN END. Ndatipo was shot dead at a protest outside the Swapo headquarters in Katutura on August 14 last year.

• A TOUR GUIDE CHRISTIAN MEIER WAS FATALLY STABBED WHEN HE TRIED TO STOP THREE
SUSPECTS raping his 29-year-old companion from Switzerland. The incident took place in the Zambezi region.

• TWO LOCOMOTIVES AND A TANKER CARRYING ABOUT 25,000 LITRES OF SULPHURIC ACID
DERAILED BEHIND THE DUNES NEAR WALVIS BAY as a result of sand on the tracks.

• MEDIA OMBUDSMAN CLEMENT DANIELS CONDEMNED THE ALLGEMEINE ZEITUNG NEWSPAPER for publishing offensive pictures of Namibians dressed as Ku Klux Klan members and in blackface while attending a carnival at Swakopmund.

• THE CITY OF WINDHOEK SAID IT WANTED TO HIKE ELECTRICITY TARIFFS BY 9.8 PERCENT IF THE
ELECTRICITY CONTROL BOARD APPROVES.

• SANDRA TJITENDERO, widow of former Speaker Mose Tjitendero, DIED OF A SUSPECTED HEART ATTACK IN
BERLIN, Germany at the age of 66.

• FORMER JUDGE BRYAN O’LINN DIED at the age of 87 after a long illness.

• PRINCE HARRY OF THE BRITISH ROYAL FAMILY VISITED THE KUNENE REGION TO LEARN ABOUT
THE WORK OF THE SAVE THE RHINO TRUST and the Desert Lion project. His visit to Namibia was part of his three-month
trip which also includes South Africa, Botswana and Tanzania.

• NAMIBIA LOST BY FIVE WICKETS TO OMAN in a playoff in Ireland and just failed to qualify for the Twenty20 cricket
world cup in 2016 in India.

• NAMIBIA BEAT RUSSIA 45-5 AND 39-19 to clinch a two-match series that was part of the preparations for the rugby
World Cup in September.

 

Compiled from a variety of local and international news reports


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