10 months ago

New Era Newspaper - 12/06/2017 - Vol22 No212

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  • Namibia
  • Windhoek
  • Toivo
  • Ministry
  • Finance
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Herman Andimba Toivo ya Toivo

8 entertainment NOW!

8 entertainment NOW! Monday, June 12 2017 | NEW ERA Etondo brings the house down Reggae singer Ras Sheehama performing the song Nekwa, which had the crowd in awe. Hitting the notes… Etondo and a female singer performing the song Ambush at the Palm Tree Palk on Saturday night during the Ambush CD launch. Pinehas Nakaziko Windhoek It was an entertainment extravaganza at Palm Tree Park in Windhoek on Saturday night when renowned reggae musician, Etondo, launched his much anticipated debut album titled Ambush. Local socialites braved the chilly winter weather to enjoy what was on offer – amazing and exciting performances that left most people craving for more. Etondo, who is also well known as the lead singer of the Ndilimani Cultural Troupe, surprised many folks with his amazing live performance, well backed up by his band and dancers who showed off some new dancing styles. Folks wouldn’t stop screaming when they performed songs such as Ambush, Ouelele, Nkikuhole, Kaana Kameme and many others. Reggae master Ras Sheehama was also on cue with his new and old classical reggae songs such as Shohela Oshaile Shaya and Nekwa. Not to forget Hishishi Papa who warmed up the crowd with his wellcrafted songs. The Dogg did not disappoint as well by taking his fans down memory lane. Etondo is a young artiste who has been in the music industry for quite sometime. Despite not releasing an album before he has been a regular live performer at various festivals in the capital. In 2013 Etondo was a winner of the Last Bad Standing in the country. In 2014 he won Best Live Performance at the Namibia Annual Music Award (NAMAs). Etondo’s album focuses on educating the youth on history and to do the right thing. The album also lists songs Ouyelele featuring Dion, Kanagula featuring The Dogg, Dear Mama and of course Ambush. The album is worth listening to and caters for all ages. Apart from the CD, Etondo also launched his clothing line. Registration is now open at IUM for the following qualifications to be offered exclusively for executives, professionals and management cadres to update and develop themselves during weekends: Weekend Programmes! Qualifications exclusive for Executives , Professionals and Management cadres starting July 2017 BACHELOR HONOURS DEGREES (Level 8) - Bachelor Honours Degree in Business Administration - Bachelor Honours Degree in Business Information Systems - Bachelor Honours Degree in Finance Management - Post Graduate Diploma in Events Management MASTERS DEGREES (Level 9) - Master of Business Administration Degree (Marketing, Finance, Management & Human Resource) - Master of Science in Information Technology - Masters of Tourism and Hospitality Management These carefully-crafted qualifications incorporate practical industry applications with a rigorous and cutting-edge curriculum. ENTRY REQUIREMENTS: Bachelor Honours: level 8 (4years) Requirements: 25 points in the best 5 subjects with a D symbol in English at Grade 12 level or equivalent. Bachelor Honours Degrees: level 8 (1 year) Requirements: Bachelor Degrees level 7 or equivalent in the relevant field. Post Graduate Diploma: level 8 (1 year) Requirements: Bachelor Degree level 7 or equivalent in the relevant field. Masters Degrees: level 9 Requirements: Bachelor Honours; Post Graduate Diploma level 8 or equivalent in the relevant field. All Enquiries to: Department of Marketing & Communication , Tel: 0614336215/6113, A university dedicated to its people’s future

NEW ERA | MTC introduces mobile home on wheels Page 11 Ethiopian Airlines to inaugurate new state-of-the-art cargo terminal Page 12 INSIDE BUSINESS This news is your business Nafinu rejects closure of SME Bank Edgar Brandt Windhoek The Namibia Financial Institutions Union (Nafinu) has asked the Minister of Finance Calle Schlettwein to reconsider his call for the closure of the SME Bank, saying such an action could have devastating consequences on people affected and exacerbate poverty and unemployment. “This statement (calling for the closure of the bank) has caused concern and confusion amongst our members and also the general public, the customers of the bank. Nafinu cannot simply sit back and allow individuals to destroy the livelihoods of hundreds of workers and their families. In an environment where there are high levels of poverty and escalating unemployment we believe that every job counts,” said the general secretary at Nafinu, Asnath Zamuee. In a recent statement, Zamuee said the closure would not benefit the country as it would cause unnecessary discomfort, further unemployment and loss of state resources. In this regard, Nafinu has called for an urgent meeting with the ministers of finance; trade and industrialisation; and public enterprises to try and find an amicable solution to the SME Bank debacle. In fact, according to Zamuee, Nafinu has in the past approached the former SME Bank chairperson, Frans Kapofi, when it first became aware of the questionable affairs at the SME Bank. “The purpose was to consult on how we could combine forces against our common enemy, the exploitative and parasitic structures at SME Bank. Our call was not heeded although the board was alerted to the potential mismanagement at the time,” said Zamuee. A recent report in The Namibian newspaper indicated Schlettwein believes that bailing out the SME Bank would be a waste of state funds and that he had “serious problems” with the ownership structure of the bank. “The minister of trade and industrialisation, the minister of finance and the Bank of Namibia (BoN) should have known about he ownership structure before availing public funds for the establishment of the SME Bank. It is a well-known secret that the BoN granted a banking licence to the SME Bank and the government, and through the ministry of trade invested money in the bank, with approval from the ministry of finance. It is therefore unacceptable to argue now that the bank should be closed due to an ownership structure. We believe therefore that the ownership structure is something that can be resolved through negotiations of other alternatives,” said Zamuee. Another airline confirmed for Hosea Kutako airport Staff Reporter Windhoek The Namibia Airports Company (NAC) has confirmed that European airline Eurowings will make its much anticipated maiden flight to Windhoek in the morning of July 13 at 09h25. Described as a low-cost airline, Eurowings will be landing at Hosea Kutako International Airport (HKIA). The new route, which is scheduled to commence around the second week of July, will operate two weekly direct flights on a Monday and Thursday with the Airbus A330- 200 that accommodates 310 passengers. Eurowings specialises in affordable direct flights within Europe and from its Cologne/Bonn location to attractive longhaul destinations. The airline currently offers more than 140 destinations in over 40 countries worldwide. Eurowings, which has been in operation since 2015, is modelled on the successful Germanwings airline. Since inception, the airline has been offering more than 150 low cost connections to all major cities in Germany, across Europe and to attractive long-haul destinations such as Cape Town, Miami, Orlando, Las Vegas, Seattle, Mauritius, Bangkok, Cancun, Havanna, Varadero, Punta Cana, Puerto Plata, Montego Bay and Windhoek. Eurowings offers three price categories that offer a suitable fare for all, each with a different suite of services for the individual. Eurowings prides itself on the fact that its fares have one thing in common, that is no hidden surcharges. Thus far, airlines calling at HKIA are Air Namibia, KLM Royal Dutch Airlines, Inaugural… Eurowings will make it’s maiden flight to Hosea Kutako International Airport on July 13. Photo: Contributed Qatar Airways, Ethiopian Airlines, Condor, South African Airways, South African Express, British Airways (Comair) and TAAG Angola. “In efforts to alleviate infrastructural overload and create favourable atmosphere for our customers, NAC in collaboration with our airport stakeholders have introduced portable check-in counters to ease the dreaded queues,” said NAC spokesperson Toska Sem in the company’s latest commercial newsletter. She added that other developments to be shortly introduced at HKIA include a restaurant and coffee shop at the general public area (non-restricted area), a brandnew duty-free shop on arrivals in the terminal building and a common fuel facility serviced by Namcor which is to be completed by April 2018. Photo: Contributed Towards development… From left, Bank Windhoek’s chief treasurer, Claire Hobbs, managing director Baronice Hans, Agence Française de Développement (AFD) regional director Martha Stein-Sochas and French ambassador to Namibia, Jacqueline Bassa-Mazzoni, after the signing of the SUNEF agreement between Bank Windhoek and the French development agency AFD. Bank Windhoek yesterday confirmed the signing of a facility to the value of 15 million euro (about N5 million) with AFD. The French development agency approached Bank Windhoek with an offer to provide mid and long-term facilities, inclusive of technical assistance, for lending towards eligible projects in renewable energy, energy efficiency and natural resources’ sustainable use (agriculture, tourism), as well as small-scale investments in Namibia.

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