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NewEraVol22No192

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  • Namibia
  • Windhoek
  • Namibian
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Vol. 22 No. 192 Windhoek, Namibia Friday, May 12 2017 Bilateral talks… King Mswati III of Swaziland (left) met with President Hage Geingob at State House yesterday for discussions on trade and industrialisation. Photo: Emmency Nuukala Inside Today Meatco sends Rukoro on compulsory leave The Meatco board of directors has sent its chief executive officer, Advocate Vekuii Rukoro, on forced leave pending an investigation against him, board chairperson Martha Namundjebo- Tilahun confirmed yesterday. Contacted by New Era, Namundjebo- Tilahun did not disclose much information on the matter on grounds the issue is internal. Page 3 Electricity increases to recover N.3 billion From July 1 Namibians will have to dig deeper into their pockets after the Electricity Control Board (ECB) this week approved an 8 percent tariff increase for Nam- Power to recover N.3 bilIion it overspent during 2015/2016 financial year. Page 17 Sugar, fish to kickstart Nam-Swazi trade Edgar Brandt Windhoek The Kingdom of Swaziland is interested in supplying sugar to Namibia and would like to import Namibian fish for consumption by the Swazi people. These were two of the items that emanated from discussions between the visiting delegation from the Kingdom of Swaziland, AfDB boosts economic reform with N billion loan to Namibia Desie Heita Windhoek The African Development Bank (AfDB) has availed more than N billion to Namibia, as a loan to finance the country’s development programme this year, specifically focusing on economic governance and improving competitiveness. The continental development bank announced the financing package this week, saying while there has been economic progress over the last two decades there led by King Mswati III, which met with President Hage Geingob at State House yesterday to discuss bilateral issues, specifically on trade and industrialisation. “We have sugar in Swaziland, you need sugar in Namibia. You have fish in Namibia and we need fish in Swaziland, so we were looking at how we can enhance trade between our two countries,” TRADE on page 2 is an urgent need to boost the country’s public finance management and business environment. The financing would “support the government’s ongoing bold structural reforms aimed at driving long-term job creating growth and reducing income equality,” according to senior vice-president Charles Boamah, who presided over the AfDB Board meeting that approved US6.5 million (N billion) to finance Namibia’s Economic Governance and Competitiveness Support Programme (EGCSP). AFDB on page 2 No hidden agenda in SOE reforms – Jooste Desie Heita Windhoek Public Enterprises Minister Leon Jooste has dismissed suggestions that his drive to reform and restructure stateowned enterprises, which picked up high tempo in recent weeks, has any malice or hidden agendas underlying it. Jooste has proposed, amongst others, that government close down the Roads Contractor Company (RCC), which until this week could not pay the salaries of its staff, and restructure TransNamib to allow private investors to partner with government in running it. JOOSTE on page 2 Public Enterprises Minister Leon Jooste Jooste, in his own words “I want to categorically state that the Ministry of Public Enterprises or myself as Minister have the best interest of our national economy and collective social well-being, and the public enterprises that play an important role in these realities, at heart. “Having said that, we have been tasked to evaluate the potential rationalisation of the portfolio of public enterprises and some hard choices may have to be made from time-to-time. We will, however, have due regard to all the potential consequences and we will only make proposals after thorough analysis, consultation and evaluation. OWN WORDS on page 2 Price hunting Insure your rifle for only N Licence no. 16/ST/31 | Terms and conditions apply New Era Newspaper @NewEraNewspaper #NewEraNewspaper app.newera.com.na • classifieds.newera.com.na • newera.com.na/discover

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