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New Era Newspaper Friday September 29, 2017

16 ADVERT

16 ADVERT Friday, September 29 2017| NEW ERA Official Weekly Communique of the University of Namibia - Volume 31 WIND POWER PROJECT TO BENEFIT RESIDENTS OF BENGUELA INFORMAL SETTLEMENT AT LÜDERITZ On Thursday, 21 September 2017, the University of Namibia and the Lüderitz Wind Power Demonstration Project (LWPDP) jointly unveiled three 3.5kW turbines at the project site in Lüderitz. The plant supplies affordable wind energy, powering sewing machines at the site, for a community project of members of the Benguela shanty housing area of the !Nami#nus constituency. The plant, initially commissioned as a project during March 2016, was jointly coordinated and managed by the Lüdertitz Wind Power Demonstration Project and UNAM. On the UNAM side, the project was managed through the Science and Technology Division (S&TD) of the Multidisciplinary Research Centre (MRC). The project was sponsored by the Ministry of Foreign Affairs in Finland to the amount of EUR 85 000 (approximately NAD 1,3 million at that time). Currently, the project features three (3) wind turbines together with all their accessories which have been delivered and installed on site with the assistance of Kestrel Eveready, of South Africa. The wind turbines currently provide power to the LWPDP’s women’s textile workshop, which hosts 4 sewing machines. The wind turbines have a capacity to produce 3.5 kW from each turbine, with a total rated power of 10.5 kW. In addition, five Benguela community technicians received training on the operation and maintenance of the wind power plant. In her welcoming remarks, the Mayor of Lüderitz, Her Worship Ms Hilaria Mukapuli remarked that wind turbine is one of From left to right: Chairperson of the //Kharas Regional Council and Councillor of the the most environmentally friendly ways of producing affordable electricity and that Lüderitz is very fortunate to be one of the towns in Namibia were the wind blows throughout the year. “There are substantial challenges to be met, but all appear solvable. I therefore comment the effort of the University of Namibia in conjunction with our Lüderitz community for having engaged in successful research which translated into the construction and completion of this project”, she concluded. An elated project coordinator, beneficiary and member of the community, Mr Ndako Mukapuli, shared with the audience how the whole project was conceived over 10 years ago. Explaining the importance of wind to the marine ecosystem, Mr Mukapuli said: “There exist a direct correlation between marine productivity and wind intensity. The wind is the driving force behind the Lüderitz Upwelling System that is responsible for high marine productivity of the Benguela Marine Ecosystem along the Namibian coastline. Nutrient rich water from the sea bottom is upwelled to the surface and the wind acts as pump without which the system is interrupted,” he commented. The name Benguela was derived from this process. These sentiments were also echoed by the Vice Chancellor of the University of Namibia who said: “Energy continues to be on the priority listof Namibia’s national development agenda; and both as an institution of higher learning on the one hand and as academics, it is our responsibility to become the harbingers in ensuring achievements of NDP’s objectives on the other hand. UNAM is well positioned to address problems that hamper the achievements of development goals through teaching, research and community engagement programmes.” Professor Hangula gave the university’s commitment to advancing the project through continued research, involving the local authority and various stakeholders in ensuring that the Lüderitz wind turbine project is replicated to other parts of Namibia. In his vote of thanks, Chairperson of the //Kharas Regional Council and Councillor of the !Nami#nus Constituency, Mr Jan Scholtz said: “today’s event is the manifestation, the physical realisation of pillars of the Harambee Prosperity Plan as well as the National Development Plans. “The project will go a long way in empowering us to provide cheaper electricity and will propel us into the position as the national leader in renewable energy,” he concluded. The Project is UNAM’s direct response to the 2000 Ministry of Mines and Energy’s developed national White Paper on Energy. The white paper called on the diversification and investment of the supply of renewable and sustainable energy to, particularly, low income population of Namibia. In response to this call, the University of Namibia engaged in a demonstration project which aimed at providing sufficient and convincing tangible evidence on wind energy generation. The knowledge gained from this demonstration will be used to replicate the erection of similar wind energy sources nation-wide. Professor Hangula gave the university’s commitment to advancing the project through continued research, involving the local authority and various stakeholders in ensuring that the Lüderitz wind turbine project is replicated to other parts of Namibia SOUTHERN CAMPUS FIRST PHASE SOON TO BE COMPLETED Picture left: The Vice Chancellor, Prof Lazarus Hangula in conversation with Gachiku Kamau Architects on a recent site inspection at the new Southern Campus Picture right:sion of one of the buildings at the Southern Campus in Keetmanshoop, once completed.

NEW ERA Get corporate governance right and you get sustainability right – Gawaxab Page 18 INSIDE BUSINESS This news is your business Letshego Namibia’s market capitalisation at N.9 billion Staff Reporter Windhoek The Directors of Letshego Holdings Namibia Limited (Letshego Namibia) have announced the successful result of the Initial Public Offering (IPO) that closed on Tuesday, and 600 qualifying applications, valued at N2 million, were received during the four-week share offer period. Members of the public and noninstitutional investors contributed N million towards this total, with the remaining N2 million being raised through offers from leading institutional investors. Post listing, Letshego Holdings Limited, the majority shareholder in Letshego Namibia, will reduce from 85 percent to 79 percent. Ester Kali Namibia took place on the Namibian Stock Exchange (NSX) yesterday. At listing, Letshego Namibia’s market capitalisation was at N.9 billion, which represents 6 percent of the NSX primary listings market capitalisation. Commenting on this milestone achievement within the Letshego Namibia growth story, CEO Ester Kali said, “Our team has travelled more than 7 000 kilometres across Namibia to offer this unique investment opportunity to members provinces. By listing, Letshego Namibia has achieved its objective to increase our local shareholding and demonstrated its commitment towards meeting the Government’s shareholdings.” Letshego Namibia’s unique share offer was named ‘Ekwafo Letu’, which means ‘support’, a term synonymous with the Letshego Group’s brand promise and commitment within all 11 markets across Africa. Over 75 000 people were empowered with knowledge and facts in fundamental opportunities. During the IPO connected 180 000 people across its social media platforms, and recorded 21 000 active discussions around Ekwafo Letu’s offering. Kali added, “Not only does our listing demonstrate our commitment to Namibia, but also our focus on delivering value to more than 200 PDN’s and companies who have invested in our future growth story. We wish to thank all our stakeholders, the public, companies and investors for their invaluable support and personal contribution. We look forward to a successful partnership as we expand our business and access to simple and Namibians who typically do not have access to banking products”. Commenting on Letshego Namibia’s listing, Tiaan Bazuin, added, “I am extremely pleased with the successful listing of Letshego. There has been a lot of talk about localisation in the Namibian market and this listing shows the best way, in my mind, to achieve this goal.” E k w a f o L e t u a c t i v e l y demonstrated the broader community’s appetite for learning more about platforms for investment, literacy. Kali affirmed Letshego Namibia’s intention to continue their journey of knowledge empowerment and ambition to Namibian communities. OtjiFest aims to attract over 30 000 visitors Edgar Brandt Windhoek The inaugural Otjiwarongo Festival, the OtjiFest, which takes place at the town’s Paresis Stadium visitors. The festival, initiated by Otjiwarongo businessman Armon Lemmer, will feature car spinning and drifting, soccer, entertainment for children and live music. “We have embarked on an aggressive marketing strategy indicating that Otjiwarongo is ideally and centrally situated to attract visitors from across the country,” said Lemmer of A Lemmer Investment, trading as Central Café Otjiwarongo. He explained that the OtjiFest concept started off merely as an idea and after reality. Lemmer said he hopes after this weekend, the OtjiFest will become the main attraction on Otjiwarongo’s annual calendar. Lemmer noted that the festival has invited Grade 11 and 12 learners from the town to sell goods at some of the stalls, which he hopes will at the festival will be donated to orphanages within the Otjozondjupa Region. The OtjiFest is so far solely funded by Central Cafe and sponsored by radio Energy100FM but Lemmer invited additonal sponsors to contribute towards the festival to ensure that the it continues to take place on an annual basis. The soccer planned for the weekend requires a registration fee of N 000, which will see the winning team walk away with N0 000. The runners-up will walk away with N0 000, place N 000. Boxers from the Salute Boxing Academy Musical performances will include Oteya, Cassper Nyovest, The Dogg, One Blood, Sally Boss Madam as well as the KFC DJs. Much like his own inspiring business story, Lemmer hopes to make the festival a must-see, not only for Otjowarongo residents but also for visitors from all over the country. Lemmer started his own business by selling meat from a cooler box while walking the streets of Otjiwarongo. At the time, a friend loaned him N 000 to buy a meat saw and he paid within four months. Within six months of starting, he has employed 18 people and today he owns a restaurant, butchery and take away. Lemmer expressed gratitude to the Ministry of Industrialisation, Trade and SME Development that helped him with N4 000 worth of equipment to develop and expand his business. He still uses the donated equipment to this day. Armon Lemmer CoW launches entrepreneurship development programme WINDHOEK The City of Windhoek (CoW), through its Department of Economic Development and Community Services, launched its Youth Entrepreneurship Programme Strategy (YEDS) on Wednesday. The initiative is aimed at developing youth enterprises, creating a participatory approach to help identify opportunities in the community and start up their own businesses. It will enable the youth to develop marketing support, allowing them to access the market and build on their successes. Delivering the keynote address at the launch, Windhoek Mayor Muesee Kazapua encouraged the youth to become job creators rather than job seekers. “The Youth Entrepreneurship Development is a way to promote selfemployment among the youth,” he said. Youth unemployment is one of the biggest challenges faced by the CoW and Government, and needs to be addressed, Kazapua said. He added that entrepreneurs all over the world face unique challenges that hamper their development and realisation of their potential and this applies to local youth entrepreneurs. He, however, urged them to Road to success… Windhoek Mayor (R), Muesee Kazapua speaking to local entrepreneur, Asino Namtenya, during the launch of the Youth Entrepreneurship Development Strategy at the City Chambers on Wednesday. Photo: Nampa create an environment to develop and promote their potential. “The problem of youth unemployment cannot be addressed by the City alone, and needs the input of the private sector to alleviate the problem by creating a drive towards mastering and coaching youth-owned enterprises.” Meanwhile, Fillemon Hambuda on behalf of said YEDS was developed to be a holistic integrated strategy, which seeks to create an enabling environment for them to develop to be both successful and sustainable. “In many developing countries, the youth entrepreneurs are becoming the generation of innovation and economic growth,” Hambuda said. He added that the objectives of the initiative are to increase the contribution of youth-owned enterprises to Namibia’s Gross Domestic Product, to increase active participation in the local economy and increase access to business support services and markets by youth-owned enterprises. years are available on the City of Windhoek’s website, under the Economic Development and Environment section. – Nampa

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