3 weeks ago

New Era Newspaper Tuesday April 24, 2018

  • Text
  • Valombola
  • Welding
  • Plumbing
  • Heating
  • Windhoek
  • Bricklaying
  • Joinery
  • Automobile
  • November
  • Okakarara

12 Inside BUSINESS

12 Inside BUSINESS Tuesday, April 24 2018 | NEW ERA Bank Windhoek to focus on green financing taff Reporter indhoek ank Windhoek will be showcasing its corporate and institutional banking services at this year’s ining Expo hosted by the Namibia hamber of Mines from April 25 to 26. xperts from Bank Windhoek’s Treasury nd Corporate Investment departments ill also be available to advise current nd prospective investors in the Namibian ining industry on technical and practical spects of investing locally. This year, the focus will be on green and ustainable investments. Bank Windhoek o Alcon Consulting Services’ Aussenkehr olar PV power plant in the south of amibia. The 5 MW Solar PV power lant was completed in November 2017. nnoSun Energy Holding (Pty) Ltd is the eading developer of the Aussenkehr Solar V power plant, which assisted Alcon onsulting. Bank Windhoek is also currently looking arm project where the aim will be to feed ower directly to the mine and eliminating ependency on the national grid. “At Bank Windhoek, we believe in orming smart partnerships to facilitate rowth and sustainability in Namibia. With For power… Aerial view of the Aussenkehr Solar 5 MW PV power plant. through Sunref Namibia, we found a partner that provides clean energy solutions that contribute to Namibia’s development goals and desired economic growth,” said Windhoek’s Corporate and Institutional Banking. Sunref is a global clean energy promoting the use of renewable energy and Projects of this nature will greatly alleviate the short and long-term energy demands required from NamPower. They contribute to Namibia’s national green energy security, reduce the national carbon footprint and greatly reduce the overall energy costs of local operations. The move will also support the efforts aimed at reducing the effects of climate change in Namibia and the SADC Region. “Bank Windhoek is proud to exhibit at this year’s Mining Expo. As a bank that is 100 percent locally owned and operated we look forward to advising local and international mining investors on how to make the most of their investments and limit the impact they have on the environment through alternative energy solutions,” said Nanyemba. Lukas Nanyemba PUBLIC ANNOUNCEMENT HIS EXCELLENCY DR SAM SHAFIISHUNA NUJOMA’S 89TH BIRTHDAY CELEBRATIONS ON 12 MAY 2018, AT ETUNDA HOMESTEAD, OKAHAO – OMUSATI REGION The Sam Nujoma Foundation hereby wishes to announce that the 89th birthday of His Excellency Comrade Dr. Sam The 89th Birthday will be celebrated under the theme: “Building the future through Unity and Solidarity” Donations for this event can be deposited into the following First National Bank account: ACCOUNT NAME: 89TH NUJOMA BIRTHDAY ETUNDA Account Number: 62265994353, BRANCH Name: FNB Business Branch Code: 281872 (Cheque Account) Alternatively you can fax it to 061-253098 or scan and email to the e-mail addresses written below. ENQUIRIES: Tel+264 (61) 377700 Fax:+264 61 253098 E-mail: or For updates on 12 May go to: FNDN ESDENT AND FATHE F THE NABAN NATN EADE F THE NABAN ETN Happy 89TH Birthday BOARD OF TRUSTEES Hon. Dr. Albert Kawana For The Sam Nujoma Foundation Issued by: Chairperson of The Sam Nujoma Foundation

Tuesday, April 24 2018| NEW ERA Inside BUSINESS 13 Standard Bank backs Otjinene Expo with N,000 Staff Reporter Windhoek The Otjinene Expo has surpassed all expectations since it was launched two years ago, drawing investors from all corners of the country to the town, thereby boosting the town’s economy. As such, Standard Bank has once again committed itself to ensuring the success of the expo with a sponsorship of N,000. Ngahupe Veii, the bank’s Gobabis branch during the expo’s fundraising gala dinner on Friday, April 20. “Standard Bank is really excited to be on board, as we partner in growing the economy and business activities in Otjinene and the region as a whole. Expos generally not only open doors for business people to grow their trade and network, but also lead to developing the local economy and ultimately create the much-needed jobs for the local people. As such, we are committed to growing the vibrant business sector of Otjinene and also the entire Omaheke Region as well,” Veii said during the gala. He added that that the bank wants to play an integral role in the village’s developmental journey by investing in the upcoming expo because it will ultimately give the village residents, as well as those from surrounding areas, unique untapped business opportunities and improved socio-economic livelihoods. With Standard Bank’s backing as the main sponsor, the Otjinene Trade Fair and Expo investors who will positively contribute to the development of the town. “The expo will serve as an ideal platform for the exchange of business ideas and creating awareness on trade development. I therefore have no doubt that there will be many entrepreneurship and business opportunities created,” he stressed. Speaking on behalf of the Minister of Urban and Rural Development, Dr Peya Mushelenga, the Ministry’s Permanent Secretary, Daniel Nghidinwa, commended the Otjinene Village Council and the sponsors, pointing out businesses and residents of the community. PUBLIC PARTICIPATION NOTICE ENVIRONMENTAL ASSESSMENT: RENTES FRESH PRODUCE AGRICULTURAL DEVELOPMENT, OTJOZONDJUPA REGION Rentes Fresh Produce CC intends to apply for an Environmental Clearance Certificate (ECC) for a proposed agricultural development northeast of Otavi in the Otjozondjupa Region. Geo Pollution Technologies (Pty) Ltd was requested to conduct an Environmental Impact Assessment for the proposed project. The Environmental Assessment will be submitted to the Ministry of Environment and Tourism as per the Environmental Management Act of 2007, in support of the ECC application. The proposed agricultural project will be located on a portion of farm Rentes, approximately 10 km northeast of Otavi. The project will entail the clearing and preparation of land to cultivate mainly maize for local and international markets. In total approximately 48 ha will be cleared for centre pivot irrigation while an additional 352 ha will be for dry land crops and related infrastructure. Water for irrigation will be abstracted from boreholes located on a portion of the farm. A locality plan of the project may be viewed at: All Interested and Affected Parties are invited to register with the environmental consultant to receive further documentation and communication regarding the ECC applications. Comments should reach us in writing by 7 May 2017. Reports for review will be communicated to all registered parties. For further information regarding the project and/or to register as an Interested and Affected Party, please contact: Pierre Botha / Wikus Coetzer Geo Pollution Technologies (Pty) Ltd Telephone: +264-61-257411 Cell: +264 81 145 2164 Fax: +264-88626368 E-Mail: Nedbank CIB to showcase at Mining Expo Staff Reporter Windhoek This year’s Mining Expo & Conference will be held on April 25 and 26 at the Windhoek Show Grounds under the theme “Maximising the multiplier effect from Namibia’s mining sector”, the Chamber of Mines of Namibia has announced. Nedbank Namibia Corporate and Investment Banking (CIB) Mining and Resources Finance team will showcase their capability in the mining and resources sector at the expo. This will involve sharing insights on how the Namibian mining sector can position itself in the global context in terms of direct foreign investments and how Nedbank CIB assist in realising this dream. Nedbank CIB understands the critical role it plays as ment, which requires ready access to equity and debt capital. It is rare for mines to be developed without access to third-party capital, which such as Nedbank CIB have a pivotal role to play in bringing successful projects to completion as well as ensuring the long-term sustainability of mining houses. Nedbank CIB’s investment banker, Dominic Shikola, who heads the Mining and Resources team has said the Mining Expo is a perfect opportunity to show Nedbank’s dedication to the mining sector. “Nedbank CIB’s Mining and Resources team is committed to the mining sector and we understand that growing any business requires capital. Nedbank CIB will continue to play a crucial role in ensuring that the mining sector has access to the much-needed capital it requires as we are aware that the mining sector is critical for the growth of the Namibian economy. We are a team of professionals who understand the African Mining agenda,” he said. Shikola explained what the MARKET OVERVIEW Dominic Shikola team would be offering at the Mining Expo. “The Dominic Shikola team specialises in providing a complete funding solution. This includes sourcing, designing, structuring and negotiating transactions, which will result in optimal funding packages parties. We will also provide a networking lounge at the Mining Expo for experts to meet our team as well as to encourage conversations on what is topical in the mining “Our team comprises of professionals including engineers, metallurgist, chartered accountants and geologist as well as technical staff who have previously worked in the mining sector. As part of our single team functioning in the African market, we have designed, arranged, underwritten and negotiated a wide range of projects or transactions, as well as worked on the structuring of funding packages for mining houses.” Regarding this year’s theme for Mining Expo, Shikola said Nedbank aims to be a leader in maximising the multiplier effect within the Namibian mining sector. “The mining sector plays a immense role in the Namibian economy, contributing to about 11 percent of the total GDP, as a contributor to aggregate output of foreign exchange earner of the economy, as employer and a generator of tax revenues. Mining will continue to be the driver of the Namibian economy, and Nedbank CIB will continue to support and partner with entities within the sector to ensure its sustainability.” The Mining Expo will provide an excellent platform for networking opportunities and information sharing on key trends within the mining sector. Nedbank CIB has consistently supported the Namibian agenda in realising Vision 2030. Money Market Change Latest Selected NSX Stock 3 months 0.00% 6.90% Symbol Stock Name Spot % Move 6 months -0.02% 7.38% CGP CAPRICORN INVESTMENT GROUP L 1750 0.00% 9 months -0.02% 7.48% NBS NAMIBIA BREWERIES LTD 4500 0.00% 12 months 0.01% 7.78% BVN BIDVEST NAMIBIA LTD 780 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4617 0.00% GC18 (R204 : 6.84%) 0.06% 7.75% ORY ORYX PROPERTIES LTD 2038 0.00% GC21 (R208 : 7.25%) 0.11% 8.07% NAM NAMIBIAN ASSET MANAGEMENT LT 67 0.00% GC24 (R186 : 8.13%) 0.10% 9.35% NHL NICTUS NAMIBIA 180 0.00% GC27 (R186 : 8.13%) 0.10% 9.74% BMN BANNERMAN RESOURCES LTD 40 0.00% GC30 (R2030 : 8.52%) 0.10% 10.19% DYL DEEP YELLOW LTD 232 -1.28% GC32 (R213 : 8.6%) 0.10% 10.31% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 8.87%) 0.10% 10.30% FSY FORSYS METALS CORP 99 -8.33% GC37 (R2033 : 8.69%) 0.10% 10.69% TUC TRUSTCO GROUP HOLDINGS LTD 855 0.00% Commodities %Change Latest B2G B2GOLD CORP 3433 -1.86% Gold -0.71% $ 1,326.88 Platinum -0.64% $ 920.53 Copper 0.00% $ 6,992.00 Brent Crude -1.11% $ 72.81 Main Indices %Change Latest NSX (Delayed) -0.01% 1416.65 JSE All Share -0.14% 57,502.36 SP500 -0.85% 2,670.14 FTSE 100 0.10% 7,375.78 Hangseng -0.54% 30,254.40 DAX 0.08% 12,550.39 JSE Sectors %Change Latest Financials -0.95% 17,754.03 Resources 0.06% 37,263.07 Industrials 0.05% 74,542.56 Forex %Change Latest N$/US dollar 0.93% 12.2205 N$/Pound 0.69% 17.0660 N$/Euro 0.57% 14.9620 US dollar/ Euro -0.37% 1.2243 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 23-Apr-18

New Era

New Era Newspaper Vol 22 No 167