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Published on July 26th, 2016 | by admin

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MONTH IN REVIEW June 2016

Business

> Meatco Namibia recorded a drop in profit to N$13 million in the 201516 financial year from N$14.2 million the previous year due to unfavourable climatic conditions, fluctuating currencies and changes to export regulations as well as disease outbreaks in the northern parts of Namibia.

> Bank Windhoek announced that after five months as Managing Director Designate, Baronice Hans was officially appointed to replace Christo de Vries as the bank’s Managing Director.

> Namibia and India agreed to set up a joint entrepreneurship centre, which would include a centre of IT excellence, in Namibia.

> Namibia’s livestock exports to South Africa could be undermined by Pretoria’s new regulations, effective from 1 July, which require stricter animal health testing. The Meat Board said the new rules would delay exports and increase costs for the producers.

> Namibia suspended the import of live pigs and raw pork from South Africa due to an outbreak of African Swine Fever in that country.

> The UK’s decision to leave the European Union after a referendum vote would mean that Namibia would have to negotiate new terms of trade for its exports to the British market, such as meat and grapes, over the next two years.

Politics

•  GOVERNMENT ANNOUNCED IT WAS TERMINATING THE SERVICES OF North Korea’s Mining Development Trading Corporation (KOMID), which had been operating in Namibia under the guise of Mansudae Overseas Projects (MOP), in order to comply with UN resolutions. International Relations Minister Netumbo Nandi-Ndaitwah travelled to Pyongyang to tell the North Koreans of the decision.

•  GOVERNMENT’S LONG-AWAITED FOOD BANK PROJECT WAS LAUNCHED with 27,500 people registering for food parcels in the Tobias Hainyeko Constituency in Windhoek

•  MOST OF THE EARLY TARGETS IN THE HARAMBEE PROSPERITY PLAN, DUE to be completed in June, were not met.

•  PRESIDENT HAGE GEINGOB KEPT A PLEDGE HE MADE IN 2015 TO PAY N$20,000 of his monthly salary (believed to be around N$130,000 which is not taxed) to charity. He chose the First Lady’s One Economy Foundation to receive the funds which will be backdated to the start of his presidency.

•  PRESIDENT HAGE GEINGOB DECLARED A STATE OF EMERGENCY DUE TO the ongoing drought across the country. The drought relief programme has been extended until March 2017.

•  THE MINISTRY OF AGRICULTURE SAID ABOUT N$2 BILLION WAS NEEDED immediately to enable underground water to be channelled to Windhoek to prevent the capital running dry in a matter of months.

•  AFFIRMATIVE REPOSITIONING HELD A DEMONSTRATION AGAINST THE construction of the new parliament. The march through from Katutura to Ausspannplatz in Windhoek attracted several hundred mainly young protestors.

•  GOVERNMENT PRODUCED A DRAFT ACCESS TO INFORMATION BILL FOR consultations with civil society and other stakeholders.

•  GOVERNMENT EXTENDED THE DEADLINE FOR INDIVIDUAL TAX RETURNS by a month until July 29 due to bureaucratic delays within the Ministry of Finance.

•  THE HIGH COURT DISMISSED THE APPEAL OF former permanent secretaries Erastus Negonga and Joseph Iita who wanted to reinstated in their old jobs.

• RESIDENTS OF THE OMAHEKE REGION CALLED ON President Hage Geingob  called on President Hage Geingob to dismiss Regional Governor Festus Ueitele for allegedly making tribalist comments.

•  THE RULING PARTY OF TURKEY SAID IT PLANNED TO submit a proposal to the Turkish parliament for the recognition of the genocide committed by Germany in Namibia between 1904 and 1908. The move follows a motion passed in the German Bundestag to recognise the Turkish genocide of Armenians.

• THE PRESIDENT OF INDIA, PRANAB MUKHERJEE, paid a two-day state visit to Namibia during which he addressed both houses of parliament.

SOCIETY AND SPORT

*MORE THAN 100,000 CHILDREN DO NOT ATTEND SCHOOL despite there being free primary and secondary education, according to a Ministry of Education report.

*SIX PEOPLE DIED WHEN TWO PICK-UP VEHICLES COLLIDED head-on on the main road between Oshikuku and Outapi in the Omusati region.

*FIVE PEOPLE DIED WHEN A CONSTRUCTION TRUCK carrying 20 people overturned on the way to Groot Aub, some 40 kilometres south of Windhoek.

*FIVE PEOPLE DIED IN A CAR ACCIDENT ON THE KAMANJABRuacana road when a sedan and a pickup vehicle collided head-on.

*FOUR EMPLOYEES OF A POULTRY COMPANY LOST THEIR lives when a minibus they were travelling in overturned between Okahandja and Windhoek.

*THE POLICE ARRESTED FIVE SUSPECTS IN CONNECTION with the murder of Hans-Jörg Möller at Walvis Bay. Möller was shot dead while defending his wife and two daughters after thieves broke into his house.

*TANGI SHEEFENI AMON NAMWANDI (32), ALSO KNOWN as ‘Mox’, and Jairus Shaalukeni (32) were arrested in connection with an alleged attempt to sell four rhino horns. They were granted bail of N$50,000 each.

*RENOWNED NAMIBIAN CHOIRMASTER ERNST VAN BILJON committed suicide. Van Biljon was the conductor of the Cantare Audire choir and spearheaded the development of multi-racial choirs before independence.

*THE BRAVE WARRIORS WERE KNOCKED OUT THE regional Cosafa Castle Cup after losing on penalties to Botswana at the quarter-final stage.

ECONOMY

-Namibia’s annual inflation rate in May was 6.7 percent, up from 6.6 percent in April, according to the Namibia Statistics Agency. The annual inflation rate in May 2015 was 3 percent. The annual inflation rate for food and non-alcoholic beverages was 12.2 percent in May 2016 as compared to 4.5 percent in May 2015.

- The Bank of Namibia left the repo rate at which it lends to commercial banks at 7 percent.

- The Bank of Namibia said the stock of foreign reserves rose to N$24.9 billion at the end of the first quarter of 2016, mainly due to the Eurobond, other bonds in South Africa and receipts from the Southern African Customs Union.

-The Electricity Control Board approved a 16.71 percent tariff increase following NamPower’s request for a rise in the bulk tariff.

- The Ministry of Mines and Energy announced that the National Energy Fund (NEF) electricity levy would increase from 1.08 cent to 1.12 cent per kWh with effect from July. The levy is imposed on electricity supplied by NamPower.

- The Ministry of Mines and Energy announced a fuel price hike to take effect on July 6. The price of petrol was to increase by 30 cents a litre and diesel by 50 cents a litre. Previously, prices increased on June 1 – with petrol going up by 60 cents and diesel by 70 cents.

-Namibia breathed a sigh of relief when its biggest trading partner South Africa avoided a downgrading of its credit rating to junk status by leading rating agency Standard & Poor’s.

Compiled from a variety of local and international news reports 


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