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NewEraVol22No146

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ol. 22 No. 146 Windhoek, Namibia Thursday, March 2 2017 Inside Today Drought aggravates human-wildlife conflict The Minister of Environment and Tourism Pohamba Shifeta says it is quite evident the widespread and serious drought that has affected all of Namibia over the past year has aggravated human-wildlife conflicts (HWC). Page 3 Paralympics Namibia partners with Icexpress Icexpress Progressive Prosthetics (IPP), in conjunction with Is Ability Sports Club and the Jumping Kids Foundation, has secured a Memorandum of Understanding (MoU) to serve as technology partner to the Namibia Paralympics team ahead of the Tokyo 2020 Paralympic Games. Page 24 Edgar Brandt Windhoek In a surprising and drastic move, the Bank of Namibia late yesterday announced that it had taken over the control of the SME Bank’s assets, liabilities and all its business affairs with immediate effect. The Bank of Namibia, which is Ohangwena schools flooded OHANGWENA Schools in the Ohangwena Region were flooded after heavy rain received since Tuesday evening this week. At Oshitambi Primary School in the Ongha Circuit, all classrooms and offices were under water. When Nampa spoke to one of the staff members on Wednesday, classes had been cancelled and pupils sent home by 10h00. Grade 1 teacher, Lydia Shoovaleka, said rainwater had damaged all books and stationery. Staff members also feared that the flooded bathrooms posed a health risk. “We felt it was hazardous, especially for the young ones, so we sent them home,” Shoovaleka said. She said officials from the Directorate of Education were at the school to assess the situation. “We however, have not received any instructions about what to do yet,” Shoovaleka said. Contacted for comment regarding the situation, FLOODED on page 2 the regulator, has also effectively disempowered SME Bank’s board of directors and sacked the top management including chief executive officer Tawanda Mumvuma, along with the general manager for treasury and the finance manager. In their place, the Bank of Namibia has put up an interim board, and an acting chief executive Under water… Schools in the Ohangwena Region were flooded after heavy rain received from Tuesday evening. At Oshitambi Primary School in the Ongha Circuit, all classrooms and offices were under water and learners were sent home early on Wednesday. Here staff members of the school try to make their way through the water. BoN takes control of SME Bank assets …launches investigation into potentially dubious investments to carry out the fiduciary duties of SME Bank. BoN said it had become alarmed at what it deemed possibly questionable investments in South Africa amounting to between N1 million and N6 million. The central bank based the action it undertook on several presentations made by the SME ASSETS on page 2 Bank of Namibia Governor, Iipumbu Shiimi Namibia’s mining sector low on global investment rankings Desie Heita Windhoek Namibia did not have the most attractive investment sector for investors in 2016, with investors ranking it at 53rd position on the Investment Attractiveness Index for 2016. The index covers 104 countries and jurisdictions where mining activities took place that year. The previous year, 2015, Namibia ranked more favourably in 33rd position, according to the newly released results from a survey of the global mining sector by the Canadian think tank the Fraser Institute. The main jurisdictions are the provinces within countries such as Canada, USA and Australia. Govt cannot spend time on tribal squabbles - Geingob Selma Ikela Windhoek MINING on page 2 President Hage Geingob says he is disappointed that one third of government’s time is spent on dealing with traditional issues and disputes. Geingob said it was a concern that a government, whose purpose is to govern and provide schools, hospitals, infrastructures, address poverty and corruption is made to spend third of its time occupied with traditional authority issues. SQUABBLES on page 2 No.1 world leader in marine diamond mining New Era Newspaper @NewEraNewspaper #NewEraNewspaper app.newera.com.na • classifieds.newera.com.na • newera.com.na/discover

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