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NovaNam has acquired two brand new deep-sea trawlers at a cost of N$320 million, with the purpose of feeding its value-addition factory in Luderitz, where 1500 of its processing staff pack for the globally renowned seafood brand of Pescanova.

The investment is part of NovaNam’s strategic investment plan, where NovaNam committed to a fleet investment programme of N$480 million between 2019 and 2021, committing to build three brand new vessels.

The MFVs “NOVANAM ONE” and “NOVANAM TWO” are the second and third brand-new deep-sea fishing trawlers to be inaugurated in Luderitz since independence.

The first vessel, MFV “LALANDII 1” came on line in 2020.

NovaNam has continuously invested capital on an annual basis to increase its value-adding capabilities and to ensure sustainable employment for its 2300 staff members.

Nillian Mulemi has been elected Chairperson of the Government Institutions Pension Fund (GIPF) Board of Trustees effective 01 January 2022 to 31 December 2022.

Leonie Dunn has been appointed Second Deputy Governor of the Bank of Namibia (BoN) for a period of five years by President Hage Geingob.

Mobile Telecommunications Limited (MTC) in a trading update issued on Thursday said it anticipates its profit (after tax) for the year ended 30 September 2021 to be between 17% and 23% higher than the forecast provided in the prospectus issued on 20 September 2021.

Trustco Group Holdings has hit back at the Johannesburg Stock Exchange (JSE) accusing the bourse of undermining the independence, accountability and integrity of its board.

Industrialisation and Trade minister Lucia Iipumbu says the ministry consulted widely before drafting the Namibia Investment Promotion and Facilitation Act (NIPA), which was tabled before Parliament on Thursday and subsequently withdrawn.

The United Kingdom has approved the use of a drug to treat people at high risk of developing severe COVID-19 symptoms, which the manufacturers say appears to be effective against the new Omicron variant.

The Shoprite Group has launched its first standalone pharmacy, MediRite Plus, in Cape Town.

While the petrol price still went up on Wednesday, it was by 75c per litre, and not 81c as the department of mineral resources and energy (DMRE) incorrectly stated this week. 

An unknown author once said, “retirement is wonderful if you have two essentials; much to live on and much to live for. With the Government Institutions Pension Fund (GIPF) my family and I have guaranteed pension benefits to live on, while I have my  family to live for,” expressed Tate Joseph Asino, a GIPF pensioner and executive committee member of the Government Institutions Pensioners Association of Namibia (GIPAN) based in the Oshikoto Region.