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New Era Newspaper Vol22 No172

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  • Namibia
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  • April
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New Era Newspaper Vol22

ol. 22 No. 170 Windhoek, Namibia Monday, April 10 2017 Inside Today More than 200,000 enrolled in secondary school Enrolment in the secondary education phase has shown a drastic increase from 195,726 learners in 2015 to 208,423 pupils in 2016. The number is estimated to have increased to 215,000 in 2017 and takes up 30 percent of the education budget. Page 3 Standard Bank breaks ground for new N0 million head office As a contribution to the country’s infrastructural and economic growth, and as a sign of its commitment to enabling productive investment to support such growth, Standard Bank broke ground for a new head Office in Windhoek last Thursday. Page 9 Former bosses of SME Bank back in court Maria Amakali Windhoek The controversy swirling around the SME Bank and Bank of Namibia (BoN) took centre stage in Windhoek High court last Friday when the bank’s sidelined directors and executives tried to convince the court their removal from their posts was illegal and has caused irreparable damages. BoN took a decision on February 24 to remove Tawanda Mumvuma, Joseph Banda, Enock Kamushinda, Alec Gore, Ozias Bvute and George Simataa from their posts with immediate effect, following the discovery of questionable investments that did not conform to sound investment principles and reportedly “Because of the farreaching effects, the officers will never be able to hold any office in any financial institution.” placed the bank’s stability at risk. SME Bank had invested N1.8 million in a South African company, Mamepe Capital, and a South African bank, VBS Mutual Bank, of which N6 million is said to still be with the two South African financial institutions, while only N million - including interest of N.7 million - had reportedly been returned to SME Bank. These investments were seen to be risky by the central bank and an interim board, consisting of Dennis Khama, Melani Tjijenda, Ali Ipinge and Fanuel Kisting, with Benestus Herunga as acting CEO, was appointed to. The six former directors and executives through their legal team argued in court that the decision taken by the central bank on February 24, – Advocate Vincent Maleka SME on page 2 Photo: Emmency Nuukala Tough case… Attorney Sisa Namandje (left) with one of the applicants in the case against the Bank of Namibia, George Simataa, who served as chairman of the board of the SME Bank until the sacking of the board and top executives in March. Cervical cancer a leading cause of death among women Alvine Kapitako Windhoek The Superintendent of Windhoek Central hospital, Dr David Uirab, said on Wednesday that cervical cancer remains the leading cause of cancer-related deaths among women in Namibia. Uirab said during a meeting attended by the former United States of America president, George W Bush and his wife Laura, that HIV has increased the susceptibility of women to contracting cervical cancer. He said there is a general misunderstanding and disbelief about cancer in general and that is “one of the reasons why many of our women present very late for cervical cancer [screening].” Nuusita Ashipala Ondangwa CANCER on page 2 PM calls on firms to work together NPL teams not ready for Debmarine Cup A cloud of uncertainty still lingers over the eagerly awaited entrance of the country’s topflight football league, the Namibia Premiership (NPL) into the domestic flagship knockout cup competition, the Debmarine Cup, after negotiations between the NFA and its affiliates reached deadlock. Page 24 Photo: Nuusita Ashipala Business-minded… Prime Minister Saara Kuugongelwa-Amadhila, owner of Roama Gates Robby Amadhila and Ondangwa Mayor Paavo Amwele. Prime Minister Saara Kuugongelwa-Amadhila has implored businesses in SADC countries, including Namibia, to work towards creating border chain values so as to develop businesses collectively and subsequently benefit the entire SADC region. The PM said business competition with neighbouring countries should be encouraged to improve efficiency and competitiveness of businesses in the region. A delighted Kuugongelwa-Amadhila made the remarks while visiting various businesses at Ondangwa on Friday, where she also met businesspeople from neighbouring South Africa. She said countries should not flourish at the expense of another. “I am happy to see a business person from South Africa not thinking that Namibia should remain a captive market for South African products, but saying, ‘We must develop that country. That is our market, because when they prosper we prosper too’,” she said. PM on page 2 CELEBRATING New Era Newspaper @NewEraNewspaper #NewEraNewspaper • •

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