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New Era Newspaper Tuesday August 1, 2017

  • Text
  • Namibia
  • Windhoek
  • August
  • Ministry
  • Namibian
  • Economic
  • Geingob
  • Sadc
  • Certificate
  • Economy

New Era Newspaper Tuesday August 1,

ol. 22 No. 248 Windhoek, Namibia Tuesday August 1 2017 Inside Today Shaningwa bemoans high house prices Urban and Rural Development Minister Sophia Shaningwa says contractors cannot keep on raking in millions of dollars in profits at the expense of the urban poor by inflating housing prices, as basic housing appears to have become a luxury commodity for many urban dwellers. Page 3 Namibian economy stronger today than a year ago - Geingob T h e u n d e r p i n n i n g fundamentals of the Namibian economy are stronger today than they were a year ago. President Hage Geingob said this during a media briefing yesterday, where he noted that the domestic economy has passed through the brunt of the economic downturn and is now on a recovery path. Page 11 Nuusita Ashipala Oshikango Angolan businesspeople are taking advantage of high poultry prices in Namibia by smuggling boxes of frozen chicken via Oshikango border post that they sell here cheaply. Some of the chickens are sold to Namibians at Okatwitwi informal market in Namibia, On course… President Hage Geingob speaking at State House yesterday. Photo: Emmency Nuukala Albertina Nakale Windhoek President Hage Geingob has instructed Public Enterprises Minister Leon Jooste to investigate allegations of wrongdoing at Namdia and other State-Owned Enterprises (SOEs). Namdia is a state-owned firm established in August last year to sell diamonds worth about N billion per year. “I do agree with the saying that justice delayed is justice denied. We must, therefore, do more to strengthen and streamline our processes, systems and institutions to ensure that justice is meted out in a timely fashion. President instructs Jooste to probe Namdia The president has been criticised for being too quiet on the Namdia question after The Namibian newspaper reported that a senior government official had alleged that the underpricing of diamonds sold abroad could be costing government about N billion or more per year. President Geingob during a press briefing at State House yesterday denied turning a blind eye to the issue or the public concerns. Poultry smuggling rampant at Oshikango where business is booming. In addition to the chicken sales, there is also an lively trade in contraband products, including cheap alcohol and spirits. A 20kg box of chicken from Angola sells for N0, compared to a 10kg box that Namibian retailers sell for N0. The chicken trade is somewhat secretive at the border town though and sellers only present the goods to their customers once money changes hands. POULTRY on page 2 Poultry without borders… Angolan nationals are said to be smuggling boxes of frozen chicken into Namibia via Oshikango border post to sell here cheaply. This photo of chickens is for illustration purposes only. PRESIDENTon page 2 SME Bank is not my bank – Geingob Albertina Nakale Windhoek President Hage Geingob has set the record straight by explaining that the establishment of the SME Bank came about as the result of a Cabinet resolution to convert the government’s former credit guarantee scheme into an SME Bank. Geingob made the remarks during a media briefing yesterday that he convened to provide clarity on some of the pressing issues that have been preoccupying the minds of Namibian citizens. He spoke on the state of the Namibian House; the state of the economy; the closure of the SME Bank; cases of alleged corruption, such as the Avid Social Security case, the Development Capital Portfolio of the GIPF, the Offshore Development Company and recently the Kora music awards and NAMDIA; on land reform matters; and tribalistic utterances by some leaders. Last month, the SME Bank, majority-owned by government, closed down after High Court Judge Hannelie Prinsloo issued a provisional order for its liquidation. Noting that he is not inclined to interfere in the functioning of the courts and the due process of law, Geingob rejected partisan allegations that he is quiet about the fate of bank he had helped to create, where close to 250 recently lost their jobs. For this reason, he said, government did not intervene to stop actions taken by the Bank of Namibia against the SME Bank, “although we asked them for more time to allow us to take up the matter with our political counterparts in South Africa and Zimbabwe”. “I am not quiet on the SME Bank. Let me make use of this opportunity to clarify that the SME Bank was never a ‘Hage’ project, as portrayed by some,” Geingob said at the wide-ranging briefing, where he explained that since the matter resorted under the then Ministry of Trade and Industry and he was the line minister at the time, he dutifully attended to the execution of the Cabinet resolution. He further said the presidency could not at present comment in detail on the matter, as it is before the courts, hence it is sub-judice. Geingob said it was regrettable though that the SME Bank has been put under provisional liquidation and that so many Namibian workers have lost their jobs as a result. “Their loss directly and indirectly affects us all,” he said. SME BANK on page 2 END THIS YEAR IN STYLE The end of your year should be a special occasion. Have an unforgettable Year End Party at one of our resorts for as little as N$ 270 per person. This offer includes meals Venue, and a 50% discount on accommodation. This is a time limited offer so don’t hesitate to contact us immediately. BOOK ONLINE OR CONTACT US! ☎ +264 61 285 7108 | +264 61 2857167 ☎ +264 61 285 7169 | +264 61 285 7188 mice@nwr.com.na www.nwr.com.na New Era Newspaper @NewEraNewspaper #NewEraNewspaper app.newera.com.na • classifieds.newera.com.na • newera.com.na/discover

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