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New Era Newspaper Friday September 8, 2017

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Otjiherero NEW ERA

Otjiherero NEW ERA OvaÞuta varaisa ombango meyuva rao Kae MaÞunÿu-Tjiparuro Otjiuarongo Otjoyeva ndakwizikirirwe ovandu mbetjirwa amavewaneke, eyuva rovatuta va Pukiro kehi yoruru rwavo indwi o Eastern Epukiro Farmers Association, ousupi o EEFA, Oritjaine ndazuko muno, rawonbere tjinga ovatuta avari amavewaneke. Posyo oro tjirakautire ape nao tjiyapiti momurongo nombari yomahatenya, ovatuta varaisire kutja tjiri venombango movoyoututa okwiisira komapuriro wavo ovatjiwe momahungi wawo peke peke tjivazire okuhandjaura ovi¿enge peke peke mbimavitjama nouÞuta. Tjingetjo wina mena rotjivarero otjititi tjovatuta mbakarerepo pari nongendo yokutja ongwaye eyuva indi tjiratjitirwa muno tjitjiri kondejmbo nu tjehi mOmauezonjanda, tjinene nene tjinga nai otjingi tjovaÞuta omeho avari avaziririka muwo eyuva ependukirwa ndari Oritjatano mumwari ama muutu omaraisiro wovinamwinyo wombura. Omuetenga kembo movahungire weyuva wari Mekupi Hengari wOmbaanga yOtutumbo nOvikunwa ngwatarere kozondjo onganda indji tjinene ndjiiyenena okuyandja kovatuta nu tjinene nene ondjo ombe ndjihihayambekwa ko otji¿a. Watjere indji ondjo tjinene ndjimaiwpire ovaÞuta vomahi wa kangamwa tjinga otjingi tjovaÞuta mbari peyuva indi averi ovomomahi wa kangamwa. Hengari wapambarere kutja ondjo indji maiyenene okuyandjwa kungamwa otjiungura tjitjinorupe nouÞuta. Posya ovatuta varaisire ongendo yokutja mapeya owo avehaparukire mondjo indji tjinga oyo amaivanga kutja omuyazeme wasere kutja unotjimariva tjitjihita aruhe momayandere womweze tjinga okukambura ondjo indji amakuhepa Vacancy Namibia - favorable conditions for tailor-made debt. Position: Duty Station: Duration: Environmental Investment Fund of Namibia | ensuring sustainability Programme Assistant Environmental Investment Fund of Namibia, Windhoek, Namibia 3 years, subject to annual performance reviews To obtain detailed terms of reference and requirements for the position please visit the EIF website on http://www.eifnamibia.com/index.php/tenders-vacancies. Namibia Namibia Closing date: 16:00, Friday, 22 September 2017 kutja omuyazeme maso okuraisa ouhatoi wotjisuta tjitjihita omweze auhe. Munao ovatuta otjivamunine kokutja ondjo kaayawo nu ombaanga yasere okuveyetera ondjo yarwe oyo mumaveyenene okuparukira. Munao umwe wovatuta otjazemburukisire omukuramenepo wombaanga indji kutja ape yarire ozombura ombaanga tjingeyo tjiyeere kuwo kokutja inondunge yondjo ndjimaivepwire. Oyo yanaingira kovatuta kutja veete kuyo orutuu rongetjefa ovatuta ovengi puvatjangisira kozonongo zovitjitwa vyoungetjefa otutuu itwi navetuyandja kombaanga indji. Yarire ozombura nai otjina ihi tjakamwina. Hengari kaangondjere oku kondoroka ovimbungu nungwari Women, persons living with disabilities and the youth are encouraged to apply, watjivisire ovatuta imba kutja otjo tjiri pari nondunge indjo posyo oyo nai ya kahaka mo Kambineta oyo ndjakayata ko otjikaku. Posyo eye wawisire omwinyo vyovatuta kutja ombaanga indji kaiyakarara nugwari inozongondjero zokupaha imbi mbimavipwire ovatuta womahi ya kangamwa. Yarwe yongendo yovatuta yari kokutja tjii hapo ombaanga indji maipaturura ru¿e orutavi mEpako posya Hengari kaari neziriro. Pari epuriro rokutja tjii hapo ouhopare wombazu mbunondjuwo poo ofarama mauyenene okuyazema otjimariva ko mbaanga indji Henagri pazirire kokutja omawini inga ongwizikiro ndjayenene kuwo oyeni nombaanga maiyenene okuyazema otjimariva ndoovazu ihi Omunangetjefa... Charles Tjiueza novemuvatere pomakutu wovirasewa pEyuva rOvaÞuta mOtjiuarongo tja Pukiro Oritjaine ndazuko. Ovirasewa imbi ovaÞuta mavevivaza mOmauezonjanda papaturura onganda vyavyo. tjimatjiungurisiwa kotjimariva otjiyazema ihi omombwiro yotjiwa¿a. Varwe vovahungire peyuva indi yari Erastus Ngaruka wina wombaanga tjingeyo ngwahungirire kovirasewa vyovinamwinyo nu tjinene ozonyanda. Mehungi re tjinene Ngaruka wapambarere kutja otjina ohepero tjinene nene vyovinamwinyo mbirandwa nungwari okukondja kokutja omaryo wokuti ongeriyo nuyeri mongaro ombwa. Omena rokutja ovirasewa poo ovikurya nungwari okuweza poo okuvatera omaryo wokuti poo okuungurisiwa pokati komakweze peke peke Warwe wovahungire yari Emily Abraham wina okuza kOmbaanga yOtutumbo nOvikunwa eye ngwatarere koututa wovikunwa nowozohunguriva. tjimuna ovisepwa vyozomiriva viyenena okuriwa iyovinamwinyo. Munao ovatuta wina otjivasere okuyandja ombango koututa warwe tjimuna wovikunwa nowozohungiriva kokutja mourumbu omaututa peke peke inga yeyenene okuvaterasana. SVS91 cc, oyo nai ndjirandisa ovirasewa norusiana kehi yena indi o Sure Feeds. Oyo yerikuta Foods ya South Africa. Onganda indji nai katjisupi yapaturura ostora yovihepwa yvyovinamwinyo mOmauezonjanda. Movirasewa mbiirandisa muna ovirasewa vyozongombe kutja tjizari otjikuryoma azehakoka. Tjiueza waraisire oukahuke kutja kenakutja otjirasewa ihi tjizepa otjikuryoma nungwari tjivatera ongombe ndjetjiri okutjirwisa Waraisire kokutja ovatuta mbaranda ovirasewa kuye maveyenene okuvaterwa novitoore okuvivasisa puvetumbira ndoovazu varanda ovirasewa ovingi mbihina okuyenene momatemba wawo. Okupata eyuva Benjamin Kasuto wahandjaura kovatuta otjitjamurongo tjohoromende owo tjivasere okusuta kuwo nohepero yawo yokutjisuta kohoromende nokutja vasere okukara noukee hatoi momasutiro wotjitjamurongo ihi. Tjinene waraisire kuwo kokutja aruhe tjimaveungura oututa wawo tjimuna okuranda ovirasewa vasere okukara nouhatoi wovirandwa imbi nawina ohatoi wa kangamwa otjimariva tjivaungurisa moututa kutja omo kusuta ovaungure poo okuverisa. Munao otjarakizire ovatuta okuhanna pokati koututa wao notjimariva tjimatjizu moututa imbwi naiho otjawo kourike mouÞuta kavyombi ovirasew poo ovikurya ovirandwa kaviyarikirepo womaryo wokuti omaryo womokuti tjimayetanauka. Watjere ovikunwa ohepero wina koututa wovinamwinyo mena rokutja ovikunwa wina Warwe omuhungire yari omunagetjefa yovirasewa, Charles Tjiueza, wonganda indji kunonganda yarwe yovirasewa indji o Nutri kutja na¿i aihakoka. wawo.

Friday, September 8 2017| NEW ERA AFRICA/WORLD 31 Kenya’s top judge guided by faith in God and law NAIROBI Since Kenya’s Supreme Court decision to nullify the result of last month’s presidential election, David Maraga’s name has been on nearly every Kenyan’s lips -- be it in joy or anger. “He’s an African hero!” shouted 25-year-old Joseph Omullo the day the shock ruling was announced, trying to make himself heard over jubilant crowds in the teeming shantytown of Kibera in the capital Nairobi. An old woman nearby wept and hollered while holding aloft a of Maraga on its cover. “This is Kenya!” one man cried out. President Uhuru Kenyatta, who had been declared the poll winner over main rival Raila Odinga, was not so laudatory. While saying he would abide by the ruling, Kenyatta slammed Maraga and his fellow judges as “crooks” and said: “Maraga thinks he can overturn the will of the people. We shall show you”. Maraga, the 66-year-old chief justice of Kenya’s Supreme Court, has remained stoic amid the praise and the criticism. A fervent Christian who is married and father of three children, he says he is guided by two things: his absolute faith in God and in the law. “I am a God-fearing person who believes in, and endeavours to do, justice to all, irrespective of their status in society,” Maraga wrote in his application to replace Willy Mutunga as chief justice in October 2016. The Seventh Day Adventist vowed to serve humanity and Kenyans “in obedience to God’s command and will, and guided by the constitution”. Born in the southwestern county of Nyamira a few miles from Lake Victoria, Maraga practised law for 25 years before being tapped as a High Court judge in Nakuru, about 160 kilometres northwest of Nairobi. He later moved to the High Court in tne Kenyan capital then to the appeal courts in Nairobi and Kisumu. “He is an honest man, not pretending... deeply religious,” lawyer Tom Ojienda, who interviewed Maraga before his Supreme Court nomination, told AFP. “He was the best (candidate),” Ojienda added, “because he had a history that demonstrated the concerns of a man who worked for society”. When the Supreme Court invalidated the results of the August 8 presidential election, Maraga declared Kenyatta’s victory “invalid, null and void”, pointing to widespread irregularities in the electronic transmission of a presidential election result was overturned in the continent. In the majority 4-2 opinion – with one abstention – Maraga said the election commission (IEBC) “failed, neglected or refused to conduct the presidential election in a manner consistent with the dictates of the constitution”. The court ordered a new vote be held within 60 days. On Monday, the electoral commission said a new poll will take place on October 17. “He had the courage to galvanise the other three judges... to take the decision to annul the election,” Ojienda said. “Maraga is a courageous man, an honest man, a special man”. But even before the court’s September 1 ruling, the chief justice had shown signs of independence. Following his nomination last year, Maraga said: “Corruption is a dark blot on the judiciary”. Earlier this year, he hit back at Kenyatta when the president campaigned in Maraga’s native county to tell voters his government had given “their son” a job. Maraga slammed Kenyatta’s “false statements” and the Supreme Court said the remarks could be “misconstrued to imply a political hand in the appointment of the Chief Justice”. “This is unfortunate, erroneous and substantially misleading,” the court statement said. Just before the elections, Maraga also said: “The emerging culture of public lynching of judges and class is a vile affront to the rule of Maraga, who cuts an athletic has been described as taciturn, but hides it well behind a perpetually amused and smiling expression. As a practising Seventh Day Adventist, he does not work on Saturdays before sundown – a feat that has not seemed to hamper his judicial career or the legislative agenda. In fact, Maraga held a hearing on the opposition’s legal election challenge on a Saturday at 19h00. “Because of religion, he has a degree of morality that helped him make this decision,” Ojienda said. Before announcing the court’s ruling, Maraga said: “An election is not an event, it is a process from the beginning to the end.” – Nampa/ AFP Merkel vows to press on with rallies despite jeers BERLIN German Chancellor Angela Merkel vowed Thursday to press on with election campaign rallies in places where she has been greeted with choruses of jeers and whistles, saying she intended to take a stand against hate. At several rallies, particularly in eastern states such as Saxony and Saxony-Anhalt, protesters -- many holding campaign posters for the populist AfD party or the far-right NPD, have loudly booed or chanted slogans against Merkel. More than 100 demonstrators sought to disrupt Merkel’s rally Wednesday evening in the Saxony city of Torgau, whistling, booing and chanting: “Get lost”. Police said that two men at the Torgau rally, aged 36 and 39, made the Nazi salute. Hours later at a rally in Finsterwalde, also in the former communist east, the chancellor was given a similarly hostile reception. But Merkel said she would not be deterred. “It is important to me to keep going where I’m not getting a friendly reception,” she said in an interview with the RedaktionsNetzwerk Deutschland newspaper group. “Many people who do not subscribe to the concert of whistles or chorus of chants need encouragement to keep showing civil courage and to stand up against the hate,” she said. Merkel has also faced protesters in western states during her public appearances ahead of the September 24 vote. At a rally in Heidelberg on Tuesday, protesters sought to pelt her with tomatoes. Merkel, who happened to be wearing an orange blazer, was lightly hit, but she shrugged off the incident with a smile. Polls show that Merkel’s conservative alliance is holding a strong lead of around 15 percentage points against the runner-up Social Democratic Party. But her decision in 2015 to open Germany’s borders in Syria and Iraq split public opinion. The AfD is seeking to win its immigration and anti-Islam platform. – Nampa/AFP Headline earnings N 086 million Consolidated group audited results for the year ended 30 June 2017 Group overview The Group executed well on its growth strategy of its core business during the year under review with Advances growing at 9.6% compared to market credit extension of 8% while Deposits were grown by 9.7%. Number of active accounts increased by 4%, despite the high number of retrenchments in the country, and as a result of the good growth of our core business, interest revenue increased by 15%, and normalised non-interest revenue grew by 7%. The macroeconomic environment however remained tough in the period under review, globally, in the rest of sub- Saharan region and locally. A number of countries including Namibia had to deal with ongoing commodity price challenges and increased cost of liquidity (up 25%). During the year the Namibian economy continued to struggle as gross domestic product numbers confirmed that the economy remained in the grip of a recession for 4 consecutive quarters. Being a responsible lender, we continued our prudent approach to good quality asset growth, maintaining the group’s strong capital levels, and managing liquidity. Although the Group continued its investments in staff, infrastructure and risk management (Operating Expenses up 17%), its performance is still positively correlated to Namibia’s economic performance. The group positioned all its operating entities to make the most of the limited growth opportunities and produce another set of satisfactory results in an increasingly difficult operating environment. Profit for the year ended 30 June 2017 was N 113.1 million (2016: N 217.6 million). Headline earnings, being profits adjusted for the sale of properties during the periods, decreased by 4.4% to N 086.3 million. Earnings per share decreased to 418.9 cents (2016: 459.7 cents). Directors: I I Zaamwani-Kamwi (Chairperson), S H Moir 1 (Deputy chairperson), O L P Capelao (Chief financial officer), J G Daun, C L R Haikali, L J Haynes 1 , J R Khethe 1 , Adv. G S Hinda, E S Motala¹, P T Nevonga, J H Hausiku, S J van Zyl (Chief executive) 1 South African Registered office: @ Parkside, 130 Independence Avenue, P O Box 195, Windhoek, Namibia, Registration No. 88/024, ISIN Code: NA0003475176, NSX Share Code: FNB Transfer secretary: Transfer Secretaries (Pty) Ltd, 4 Robert Mugabe Avenue P O Box 2401, Windhoek, Namibia, Registration No. 93/713 Sponsor: IJG Securities (Pty) Ltd First Floor Heritage Square, 100 Robert Mugabe Avenue P O Box 186, Windhoek, Namibia, Registration No. 95/505 Final dividend 113 cents per share Normalised profit before tax, which caters for headline earnings adjustments, and the impact of the acquired subsidiaries which did not form part of the group for the full year, increased by 3.8% to N 768 million. The normalised ROE is still a very healthy 28.4%. Return on average equity reduced to 25.6% (2016: 31.0%), return on average assets was 3.0% (2016: 3.6%) and cost to income ratio increased to 48.9% (2016: 43.7%). The banking group and OUTsurance are the two key operations with the banking dominating the contribution to earnings. The group result includes the consolidation of Pointbreak and Ebank for the three months to year end as well as the newly launched Ashburton Investments. Group prospects While we anticipate operating conditions to become more demanding - in both the economic and regulatory environment, we believe our strong balance sheet, diversified earnings base and innovative customer solutions and service will work together to deliver a continued solid and sustainable performance for the group. The group continues to exercise discipline in allocating capital and will not chase growth at the expense of returns and continue to strike the right balance between growth, prudent risk management and investment for growth. For and on behalf of the board II Zaamwani-Kamwi, Chairperson SJ van Zyl, Chief Executive 15 August 2017 Dividend declaration Notice is hereby given that a final dividend (number 48) for the year ended 30 June 2017 of 113 cents per ordinary share was declared on 15 August 2017. The last day to trade shares on a cum dividend basis will be on 15 September 2017 and the first day to trade ex dividend will be 18 September 2017. The record date will be 22 September 2017 and the payment date 5 October 2017. By order of the board Nelago Ashipala, Company Secretary Windhoek, 15 August 2017 Profit for the year N.1 billion 2017 2016 Statement of comprehensive income Basic earnings per ordinary share (cents) 418.9 459.7 Headline earnings per share (cents) 416.2 435.9 Diluted headline earnings per share (cents) 411.6 429.9 Headline earnings (N$m) 1 086 1 136 Profit attributable to owners of the parent (N$m) 1 093 1 198 Statement of financial position Total assets (N$m) 37 810 34 186 Advances (N$m) 28 258 25 776 Deposits (N$m) 30 488 27 794 Financial performance Return on average equity (%) (headline earnings) 25.6 31.0 Return on average assets (%) (headline earnings) 3.0 3.6 Cost to income ratio (%) 48.9 43.7 Share statistics Number of shares in issue (millions) - ordinary 1 261.0 260.7 Weighted number of shares in issue (millions) - ordinary 1 261.0 260.6 1 after consolidation of share trusts Cost income ratio 48.9% Net asset value per share (cents) 1 716 1 530 Closing share price (cents) 4 711 4 754 Market capitalisation (N$ ‘m) 12 606 12 721 Capital adequacy ratios Banking group Tier 1 14.7% 15.1% Tier 2 2.5% 2.7% Total 17.2% 17.8% Tier 1 leverage ratio 10.7% 10.7% Regulated consolidated group Tier 1 15.1% 15.8% Tier 2 2.3% 2.7% Total 17.4% 18.5% Tier 1 leverage ratio 11.4% 11.2% Additional information is available at: www.fnbnamibia.com.na

New Era

New Era Newspaper Vol 22 No 167

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Kundana