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New Era Newspaper Thursday April 26, 2018

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10 Inside BUSINESS

10 Inside BUSINESS Thursday, April 26 2018 | NEW ERA GIPF to enhance members outreach programme Amos Kambonde Staff Reporter Windhoek The Government Institutions Pension Fund (GIPF) has embarked on a massive members outreach programme this year. “GIPF regards stakeholder engagement as a key aspect of its business strategy and as such we are therefore very pleased to announce and inform all our members and the general public about our upcoming activities and engagements,” the pension company says. “It is our duty to make sure that our members and the general public are informed and well educated about our roles and responsibilities as a Fund, and as such GIPF is ensuring that all members are aware of the upcoming events. To start off, in the month of April GIPF will the Ondangwa Trade and Business Exhibition from 27 April to 5 May 2017 respectively,” said Amos Kambonde, GIPF’s Acting GM: Marketing and Stakeholders’ Engagement. During the month of May, GIPF will also be at the Workers Day on May 1 in Khorixas, Kunene Region, where Namibian workers will be commemorating the day under the theme, “Namibian workers and employers unite for economic upliftment.” Apart from the above trade shows, GIPF will be taking part at trade fairs during the course of the year, including Opuwo, Ongwediva, Zambezi, Eenhana, Nkurenkuru and Erongo. “It is with great pleasure that we invite all our members to make use of these member information sessions. We wish to emphasise that it is our members’ responsibility to make sure that they visit our stands at the upcoming status. GIPF has many other platforms of engagement and information sharing such as targeted member education sessions at various member institutions. As a forward-thinking Fund, we have also embraced the use of new technologies and urge members to use our Facebook and website pages for interactive sessions and to gain further information about activities taking place in the Fund. “We further wish to remind our members understand the rules of the Fund and how they are applied; we therefore encourage all GIPF be briefed on their rights and responsibilities identity documents as well as their latest payslips,” said Kambonde. Lastly, GIPF will be hosting road shows in the months of May and June in Kunene and Erongo regions. Take the lead towards inclusive empowerment in Namibia forms of broad-based empowerment. I encourage such an approach.” - His Excellency Dr. Hage. G. Geingob. President of the Republic Employee Share Ownership Schemes. This is one of the most Facility Term: up to 15 years Contact us at 061 299 1930 or caliber@capricorn.com.na or visit our website at www.cam.com.na Capricorn Asset Management is the unlisted investment manager of Caliber Capital. Moody’s and local bank host business engagement Staff Reporter Windhoek Moody’s Investor Services recently held a business engagement for about 50 public and private sector clients in Windhoek, in collaboration with Standard Bank Namibia. Moody’s Investors Service, often referred to as Moody’s, is a provider of credit ratings, research and risk analysis. Representatives from Moody’s were in Windhoek to conduct a series of courtesy visits with its important stakeholders and establish a positive presence in Namibia. In an environment where global capital markets depend more than ever on credit ratings, a Moody’s rating both issuers and investors. Furthermore, investors rely on their expertise and global focus for ongoing monitoring, opinion updates and rating adjustments. Speaking at the business engagement, Adri Spangenberg, Standard Bank’s Corporate and Investment Banking Head of Coverage, stated that ‘’Standard Bank is centred on commercial mindedness and urgency. Our clients call us a partner for growth, and therefore we work to understand the needs of our clients and provide trusted advice and appropriate solutions that take into account the risks, regulatory environment and market realities where applied.’’ ‘’Harnessing our skilled teams, capabilities and technology, we partner with our clients to move their businesses forward. Keeping in line with the philosophy of partnership, we therefore engaged with Moody’s in providing our clients with information that is relevant a matter of necessity that we understand the thinking and methodology of Moody’s Investor Services,’’ added Spangenberg. To equip the clients with deeper insight into the rating agency’s mindset, Titus Nampala, Vice President - Relationship Management for Moody’s Investor Services Africa, who has the responsibility of business development and key client relationship management across the African continent, provided an informative presentation with views on Moody’s presence in Africa, the role and relevance of credit rating agencies in the rating as well as opinions on maintaining an investment grade and the rating criteria. Titus Ndove, Standard Bank’s Head of Public Sector and Market Intelligence mentioned: ‘’We value and appreciate the role played by credit rating agencies in our economy. Namibia has a long-standing relationship with Moody’s, dating back to almost 10 years ago. Moody’s currently rates the sovereign and its debt instruments. The credit rating by Moody’s enabled the sovereign to access the international capital markets in 2011 – debut Eurobond by the Republic, which Standard Bank Namibia was a joint lead arranger for that historical transaction.’’

Thursday, April 26 2018 | NEW ERA Inside BUSINESS 11 From left: Chief Varaakana Muundjua (Ovatjimba Chief), Zelna Hengari (NWR Managing Director) and Gerson Kamatuka (Deputy Director for Marginalised Community Development). Photo: Contributed Regional energy experts review meeting commences Staff Reporter Windhoek The second meeting of the Technical Steering Committee of the Project on Enhancement of a Sustainable Regional Energy Market in the Eastern Africa-Southern Africa-Indian Ocean (EA-SA-IO) Region commenced in Swakopmund yesterday and will conclude today. The project seeks to address market governance and regulatory related challenges affecting the implementation of energy development projects in the Eastern Africa, Southern Africa and Indian Ocean region. It is supported by a seven-million-euros fund provided under the 11th European Development Fund (EDF) for a period of four years since the signing of the grant delegation agreement with COMESA in May 2017. The Technical Steering Committee meeting will review the status of the project, provide guidance to ensure attainment of the project’s objectives and induct new members of the project management team. regional economic communities: the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC,) Intergovernmental Authority on Development (IGAD), Indian Ocean Commission (IOC) and the Southern Africa Development Community (SADC). Others are the Regional Association of Energy Regulators, Regional Power Pools, Renewable Energy and representatives of the European Union delegations to the three sub-regions. The COMESA Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA) coordinates the implementation of the programme. The programme has three results energy regulatory framework adopted by regional and national regulatory institutions, with particular emphasis on cross-border issues to encourage investments in the region; the second is the enhancement of regulatory capacity of the national regulatory authorities and strengthening the capacity of the regional associations (RAERESA, EREA and RERA) and power pools (EAPP and SAPP) to in the energy sector. Thirdly, the enhancement of the development of renewable energy and and regulatory guidelines to attract investments in clean energy and build capacity in clean energy in the region as well as domestication on a demanddriven basis. NOTICE Take notice that Barrie Watson, Town & Regional Planner intends applying to the Windhoek Municipal Council on behalf of the owner of Erf 339 Klein Windhoek, Dr. Kwame Nkrumah Street (Mission Rd) for: Rezoning of Erf 339, Klein Windhoek from “residential” with a density of 1 dwelling per 900 m² to “general residential” with a density of 1:250 m². Erf 339 is 1,719 m² in extent. It is zoned “residential”. The proposed zoning of “general residential” with a density of 1:250 m² will allow the owner to construct 6 residential units on the Erf. Municipal parking requirements will be met. Further take notice that the locality plan of the erf lies for inspection on the town planning notice board in the Customer Care Centre, Main Municipal General residentials, Rev. Michael Scott Street, Windhoek. Further take notice that any person objecting to the proposed use of the land as set out above may lodge such objection together with the grounds thereof, with the Windhoek Municipal Council (Urban Planning Division, Box 59, Windhoek rus@windhoekcc.org. na) and with the applicant in writing within 14 days of the last publication of this notice. Dated at Windhoek on this 16th day of April, 2018. Barrie Watson TRP bpw@iafrica.com.na PO Box 9993, Windhoek MARKET OVERVIEW Money Market Change Latest Selected NSX Stock 3 months 0.00% 6.90% Symbol Stock Name Spot % Move 6 months 0.01% 7.38% CGP CAPRICORN INVESTMENT GROUP L 1747 -0.17% 9 months 0.01% 7.51% NBS NAMIBIA BREWERIES LTD 4500 0.00% 12 months -0.01% 7.79% BVN BIDVEST NAMIBIA LTD 780 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4615 -0.04% GC18 (R204 : 6.82%) 0.00% 7.73% ORY ORYX PROPERTIES LTD 2037 -0.05% GC21 (R208 : 7.43%) 0.08% 8.25% NAM NAMIBIAN ASSET MANAGEMENT LT 67 0.00% GC24 (R186 : 8.32%) 0.10% 9.54% NHL NICTUS NAMIBIA 180 0.00% GC27 (R186 : 8.32%) 0.10% 9.93% BMN BANNERMAN RESOURCES LTD 41 0.00% GC30 (R2030 : 8.71%) 0.09% 10.38% DYL DEEP YELLOW LTD 248 0.00% GC32 (R213 : 8.79%) 0.09% 10.50% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.05%) 0.08% 10.48% FSY FORSYS METALS CORP 101 -3.81% GC37 (R2033 : 8.89%) 0.10% 10.89% TUC TRUSTCO GROUP HOLDINGS LTD 850 0.00% Commodities %Change Latest B2G B2GOLD CORP 3514 2.15% Gold -0.72% $ 1,320.82 Platinum -1.51% $ 917.38 Copper 0.00% $ 7,013.00 Brent Crude -0.49% $ 73.09 Main Indices %Change Latest NSX (Delayed) -0.50% 1396.17 JSE All Share -1.20% 56,984.74 SP500 -1.34% 2,634.56 FTSE 100 -0.68% 7,375.14 Hangseng -1.01% 30,328.15 DAX -1.53% 12,358.98 JSE Sectors %Change Latest Financials -1.20% 17,408.21 Resources -2.18% 37,317.34 Industrials -0.96% 73,907.80 Forex %Change Latest N$/US dollar 1.60% 12.5238 N$/Pound 1.32% 17.4571 N$/Euro 1.18% 15.2583 US dollar/ Euro -0.43% 1.2180 Namibia Monthly Data Latest Previous Namibia Inflation (Mar 18) 3.5 3.5 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 25-Apr-18

New Era

New Era Newspaper Vol 22 No 167

Kundana

Kundana