14 YOUTH CORNER Wednesday, October 4 2017 | NEW ERA Popya with Herman Katjinaani His journey to the top “If I can make it, anyone can!” These are the words of 27-year-old on his journey with the Ohlthaver & List (O&L) Group that has seen him thrive from a security guard to a building supervisor. “My desire is to keep on learning and growing myself, and never be held back by my circumstances, nor what other people think or say about me,” he told us with beaming Katjinaani’s journey as a guard at property developer Broll Namibia – a subsidiary of the O&L Group - started in December 2011, when he was appointed on a 6-months contract. Upon completion of his contract, NYC implementing CYB in partnership with Bank Windhoek Young people (ages 18-35) currently in business, are invited to submit loan applications for business expansion Application forms are available at the National Youth Council of Namibia head office and all 14 Regional Youth Offices or can be downloaded from www.nyc.org.na Erongo Region: Mr. E. Weatha 0812925402 Ohangwena Region: Ms. O. Valungameka 0812802640 DEADLINE FOR APPLICATIONS: 24 NOVEMBER 2017 Hardap Region: Mr. A. Kaifanua 0818562220 Omaheke Region: Mr. E. Hengari 0812049401 //Karas Region: Ms. C. Gomza 0813079365 Omusati Region: Ms. R. Ndeyanale 0813352003 he was offered permanent employment as a security guard, and served in this position until February 2013 when he was promoted to building supervisor for the Carl List Mall and Alexander Forbes House. “Being a security guard is not easy. I fully understand the challenges that security guards face on a daily basis - apart from the challenging working hours, it can be life-threatening,” he said. “I have also experienced that security guards are quite often looked down upon – a factor that could leave you in a space of very low self-esteem, and feeling unworthy. I, however, refused to have my future determined by this.” Katjinaani’s responsibilities were CALLING YOUNG ENTREPRENEURS APPLY FOR YOUR LOAN TODAY!!! LOAN SIZE & REPAYMENT DURATION Loan cycle Loan size Repayment period Lower Limit Upper Limit Months 1 st Loan N$ 3 000.00 N$ 10 000.00 24 Months 2 nd Loan N 000.00 N$ 20 000.00 36 Months To apply, contact the following officials in your Regions: Kavango East: Mr. F. Haingura 0812188731 Oshana Region: Mrs. J. Shikongo 0812973548 Kavango West: Mr. A. Kupembona 0812373799 Oshikoto Region: Mr.H. Hamunyela 0813513810 For additional queries please contact: Ms. J. Karuuombe: Coordinator - Programs Cell No: 0811404482 or Ms. H. Kakuenje: Programs Support Officer Cell No: 0812995100 Tel: 061 – 248218, Fax: 061 – 248322, Website: www.nyc.org.na Khomas Region: Mrs. E. Kaxweka 0812336433 Otjozondjupa Region: Mr. G. Hendricks 0812056935 Kunene Region: Mr. C. Karimbue 0812308794 Zambezi Region: Ms. J. Lilongwe 0816886388 Pinehas Nakaziko Windhoek A Master of Science (Environmental Science) student at the University of Namibia (Unam) is encouraging young people to focus on research in their various disciplines. Nahas Enkono says young people must play their part and meet the government half way in contributing to their country’s economy by doing “Currently Namibia is faced with issues such as climate change and food insecurity, hence the need for the young ones to do their part. Areas such as soil sciences studies, agriculture and broad environmental issues are hotspot topics of concern to Namibia,” Enkono observed. “This includes addressing issues of land degradation, loss of agricultural output, water access and availability, as well as changes in vegetation density.” He adds that these areas are of great importance for the country and need expanded in February 2014 when the Fruit ‘n Veg, Kaiserkrone and the Old Breweries complexes were added to his portfolio. At the end of 2016, Katjinaani was moved to supervise the latest addition to the Broll Namibia portfolio, 77 on Independence. Katjinaani has always been committed to growing himself even before he joined the O&L Group. During his time as a security guard for G4S, he did part time studies at the Institute for Information Technology (IIT) where he enhanced his IT skills. “I knew the security industry was just the beginning for me and that more was waiting for me out there.” Currently, Katjinaani is a secondyear part-time business administration student, studying towards his B-Tech degree at the Namibia University of Science and Technology (NUST). But his journey of growth hasn’t always been easy. “Especially we, the semi-skilled guys, have the tendency of speaking against the next one who is on a journey of progress and growth. We do not like seeing others get ahead of us in life, and thus refrain from supporting one another,” he said. “It was really challenging and quite demotivating at times when my own people didn’t give me the support I needed,” says Katjinaani, adding that he still refuses to be held back by that. “I was also highly inspired and encouraged by the O&L culture that has the tendency of driving its employees to further self-development, and also creating platforms for that. This has my journey of growth.” The eldest of his siblings, Katjinaani currently supports his brothers and sisters with school fees and necessities. He also supports his he aims for even further growth, and looks forward to climbing the ladder upwards, particularly in the property development sector. “Hopefully one of these days I might be one of the lucky guys to take charge somewhere as a group manager in the O&L group.” Unam student encourages peers to focus on research First ever Miss Mining crowned Tuulikki Abraham Oranjemund Nineteen-year-old Julia Kandjimbi is Miss Mining 2017 beauty as well Miss Personality, while Maano Ndakondja is her First Princess and Celine Imbili Second Princess. Kandjimbi was crowned Miss Zacharia Lewala Hall in Oranjemund last Friday as part of the Mining Youth Week, a youth edutainment to be seriously looked at, because they are in line with Fifth National Development Plan (NDP5) and the Strategic Development Goals (SDGs) for Namibia. “Addressing issues of food security, sustainability development and also improving soil quality are very important parameters for a developing country like Namibia, as these country greatly.” “Therefore young people should to meeting the set of the SDGs for Namibia, and align their careers within these SDGs and NDP5.” Enkono expanded on this by saying that the idea of encouraging young people to do research is to have a knowledge-based young society, ence implementation - from low- to upper-level. “It also makes more sense that a lot of funding should be allocated to students looking to pursue their studies on addressing issues of climate change and adaptation.” initiative that included sports, arts and culture. Currently a student at the College of the Arts (COTA) studying fashion, Kandjimbi is not just beauty but brains as well, and an upcoming businesswoman who runs and owns a modelling agency. “I cannot explain how I feel, but I am very happy and I really cannot wait to start with all my duties and since I am so much hard work in it. I will make sure that people remember me as their She is happy and proud as she will be part of the opening ceremony when Orandjemund becomes a town next week Saturday – an occasion to be attended by President hage Geingob, amongst other dignitaries.
Wednesday, October 4 2017 | NEW ERA Inside BUSIESS: CONSUMER NEWS 15 Declining PSCE a sign of prevailing pressure on consumer economy Edgar Brandt Windhoek The growth in M2, or money readily available for spending in the domestic market, moderated on a year-on-year basis but rose quarter-on-quarter, in the period up to the second quarter. This is according to a Bank of Namibia (BoN) review of the second a measure of the domestic money supply that includes M1 (currency in circulation) plus savings and time deposits, overnight repurchase agreements, and personal balances in money market accounts. So, basically, M2 includes money that can be used for spending (M1) plus items that can be quickly converted to M1. “The major contributors to the slower growth in M2 at the end of the period under review were the subdued growth in net foreign assets of the depository corporations and the slowdown in the growth of private sector credit extension (PSCE). The in most credit categories for both individual and corporate sectors during the review period and was consistent with the sluggish economy and, most Namibia Governor, Iipumbu Shiimi. Economic analysts believe the continued slowdown in credit to on the consumer economy. BoN’s latest Money and Banking of 0.7 percent month-on-month and a continued slowdown (-5.9 percent y/y) in total PSCE to N.5 billion. The three-month moving average fell to a fresh series low of 6.7 percent from 7.6 percent in July. The pace of growth in individual credit continued to slow +6.4 percent year-on-year from +8.3 percent year-on-year to reach N.4 billion. This growth was was -0.5 percent lower month-on-month, while the N.6 billion credit extended to businesses countered the slowdown accelerating to +6 percent year-on-year and +2.1 percent month-on-month. Commercial banks’ overall liquidity position increased to N.9 billion at end August from N billion at the end of June, as foreign reserves eased to N.6 billion from N.7billion. BoN attributes the decline in foreign reserves to net commercial purchases of foreign currency, government payments and exchange rate valuation. Photo: Nampa/AFP Workers fume… A demonstrator carrying a doll holds a sign reading “Associative nurseries: less subsidies less assisted contracts” during a protest over the government’s labour reforms, as the French president visited the Whirlpool factory yesterday. PUBLIC NOTICE ENVIRONMENTAL IMPACT ASSESSMENT (EIA) FOR TOWNSHIP ESTABLISHMENT AND FORMALIZATION OF ONETHINDI PROPER, ONIIPA TOWNLANDS AVAILABILITY OF DRAFT SCOPING REPORT & ENVIRONMENTAL MANAGEMENT PLAN Interested and Affected Parties (I&APs) that an application for of the Environmental Management Act (No. 7 of 2007) and EIA Project Name: Establishment and formalization of six Proponent: Project Location: Reference is made to the public meeting held on 8 July 2017 at Scoping and EMP reports, for perusal and comments prior submission to the Environmental Commissioner. Copies are also available at the Tortoise Environmental Consultants (TEC) One step @ a time MARKET OVERVIEW Change Latest 3 months 0.00% 6.99% 6 months 0.00% 7.41% CGP CAPRICORN INVESTMENT GROUP L 1818 0.00% 9 months 0.00% 7.58% NBS NAMIBIA BREWERIES LTD 3725 0.00% 12 months 0.00% 7.78% BVN BIDVEST NAMIBIA LTD 786 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4675 0.00% GC18 (R204 : 7.06%) 0.08% 7.97% ORY ORYX PROPERTIES LTD 2065 0.00% GC21 (R208 : 7.6%) 0.06% 8.42% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 8.65%) 0.05% 9.87% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.65%) 0.05% 10.26% BMN BANNERMAN RESOURCES LTD 37 0.00% GC30 (R2030 : 9.22%) 0.06% 10.89% DYL DEEP YELLOW LTD 228 -2.15% GC32 (R213 : 9.29%) 0.06% 11.00% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.56%) 0.06% 10.99% FSY FORSYS METALS CORP 125 -3.85% GC37 (R2033 : 9.44%) 0.06% 11.44% TUC TRUSTCO GROUP HOLDINGS LTD 500 0.00% %Change Latest B2G B2GOLD CORP 3807 1.90% Gold -0.03% $ 1,270.74 Platinum -0.47% $ 908.70 Copper 0.00% $ 6,493.00 Brent Crude -0.21% $ 55.91 %Change Latest NSX (Delayed) 0.62% 1135.68 JSE All Share 0.96% 56,314.58 SP500 0.39% 2,529.12 FTSE 100 0.07% 7,444.35 Hangseng 2.25% 28,173.21 DAX 0.00% 12,902.65 %Change Latest Financials -0.06% 15,071.92 Resources 1.15% 35,851.89 Industrials 1.36% 76,980.80 %Change Latest N$/US dollar 0.79% 13.7091 N$/Pound 0.50% 18.1453 N$/Euro 0.96% 16.1089 US dollar/ Euro 0.15% 1.1751 Latest Previous Namibia Inflation (Aug 17) 5.4 5.5 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75