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New Era Newspaper Thursday October 12, 2017

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New Era Newspaper Thursday October 12,

Vol. 23 No. 031 Windhoek, Namibia Thursday October 12 2017 Inside Today Geingob wants closer ties with UK President Hage Geingob has said the prospective withdrawal of Britain from the European Union (EU) should be viewed as a positive step for Namibia and Africa in general. Page 3 GIPF’s total assets account for 64% of Namibia’s GDP The total assets of the Government Institutions Pension Fund (GIPF), as at the end of August this year, stood at approximately N5 billion or roughly 64 percent of the country’s Gross Domestic Product (GDP). However, during the last 12 months, the fund’s return on investment was a mere 7.2 percent, which is considerably lower than the mid-teens or even early 20s the fund experienced in the last few years. Page 9 Edgar Brandt Windhoek The massive fuel storage facility in Walvis Bay, which is anticipated to cost government N.2 billion upon its envisaged completion in June 2018, will require 75 million litres Oniipa, Oshikoto councils feud over Nm tender Nuusita Ashipala Ongwediva There is mounting tension between Oniipa Town Council and Oshikoto Regional Council over a multimillion-dollar tender to construct town council. The regional council is being accused of having approved the construction of a N million building, while the council has only budgeted N million for it. FEUD on page 2 Not perturbed… The 16-year old girl cohabiting with a 34-yearold man since she was 12 years old complaints about the relationship. of the testing requirements agreed upon with the contractor. Government, or alternatively the facilities operator, will be required to procure the fuel to the likely operator, the National Petroleum Corporation of Namibia Girl, 12, cohabits with older cattle herder Loide Jason Uuvudhiya Mannetjies Kambonde Residents of Andambombali No.2 in Uuvudhiya Constituency in the Oshana Region are concerned about an underaged girl, who has been cohabiting with a 34-year-old cattle herder since the age of 12 when she was in Grade 3 at a nearby school. The teenager, who is now aged 16, dropped out of school because of the relationship with the older man. The cattle herder happens to be employed COHABITS on page 2 up the facility will most likely fall on government for the strategic stock and to NAMCOR for the commercial stock. In this regard, consultations between the two entities are ongoing. “We believe the strategic stock will be government’s responsibility, STORAGE on page 2 Frans Enkali Desperate times… The runaway I detest corruption, says Esau Eveline de Klerk Swakopmund Fisheries and Marine Resources Minister Bernard Esau says he within the Fisheries Ministry should not be deterred by wrongful perceptions that it is a corrupt ministry. Esau said despite public perceptions, his ministry has been vindicated as it has been found to be operating entirely within the ambit of the law. “I detest corruption. The sector should not be labeled, even if they say I am corrupt. “I am happy to note that the Ministry of Fisheries and Marine Resources has been investigated, tried and tested in the past and found to of the law. Even if they say I am corrupt, the sector must not be labeled and that is what we must all strive for,” he said. Esau was speaking at a two-day joint workshop of Drugs and Corruption for the Ministry for Fisheries and Marine Resources and the Anti- Corruption Commission (ACC) to foster closer collaboration between the two entities in terms of identifying and addressing corruption vulnerabilities within to continue carrying out their duties, ESAU on page 2 On schedule... The Walvis Bay Oil Storage Facility is almost complete and will increase Namibia’s oil storage capacity 15 days to 45. NOTICE Telephone number change 061 - 208 0800 New Era Newspaper @NewEraNewspaper #NewEraNewspaper appclassifieds/discover

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