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All eyes on Gawaxab

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All eyes on GawaxabAll eyes on Gawaxab The appointment of Johannes Gawaxab yesterday as governor of the Bank of Namibia caught many by surprise.

While Gawaxab qualifies in every facet of the job, no one had really expected him to be ushered into it – particularly since he is doing a tremendous job for himself in the private sector.

Gawaxab left Old Mutual some years ago to start what appears to be a hugely successful private equity fund, Eos Capital.

He spent the last 22 years in the private sector where he led with finesse and clarity of purpose.

Against this decorated background, there is no iota of doubt that Gawaxab would lead the reserve bank successfully.

He will, however, be under heavy scrutiny. Yesterday already, questions sprung up about why a man aged 64 and doing well on his own was appointed into the job.

The appointment also deviates from a long-established tradition that the governor was mainly recruited from within – although this is not a policy.

On this basis, there was an expectation, a fair one, that current deputy governor Ebson Uanguta would ascend to the top job.

Gawaxab will also be under pressure to deliver massively so as to rebuff suggestions that he got the job because of his ties to President Hage Geingob.

Above all the bickering, Gawaxab is in the job now and he must be supported by everyone who wants to see this country succeed.

!Gawaxab eases conflict of interest fears

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!Gawaxab eases conflict of interest fears!Gawaxab eases conflict of interest fears OGONE TLHAGE

WINDHOEK



As he takes on a new role as the governor of the Bank of Namibia, EOS Capital founder Johannes !Gawaxab says there should be no fear of a conflict of interest between these two roles.

“I am in the process of finalising who will take over (at EOS Capital) and looking at how I can mitigate conflict of interest. I will make sure there is no conflict of interest by the time I start at the Bank of Namibia,” he added.

President Hage Geingob yesterday announced the appointment of !Gawaxab as head of the central bank following the deployment of former governor Iipumbu Shiimi as the new minister of finance. !Gawaxab was asked about his role as chairman of EOS Capital, a private equity firm of which he is the founding member.

“The Bank of Namibia Act is quite clear; I cannot have other interests,” he said.



Economic climate

!Gawaxab was also asked about his expectations leading the central bank as the world economy battles with the coronavirus pandemic.





“The main challenge is that we have an economy that is operating below capacity … unemployment is a challenge, debt is a challenge.

On the other hand, we have a low-inflation environment, low oil prices… so it's not all doom and gloom,” he said.

!Gawaxab said the question would now have to be about reviving the economy after the pandemic.

“We need to start thinking about the economy post-Covid; we need ideas to protect and advance Namibians … how do we create jobs?” the new central banker said.



Track record

!Gawaxab joins the Bank of Namibia after a long spell in the financial services sector. He was the CEO of Old Mutual Asset Management Namibia, a role he took up in 1998. He was subsequently appointed group CEO for Old Mutual Namibia. He later headed the insurer's emerging markets subsidiary and exercised authority over its businesses in 13 countries.

He also serves as the chairperson of the High-Level Panel on the Namibian Economy.

Confusion over 'WhatsApp education'

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Confusion over 'WhatsApp education'Confusion over 'WhatsApp education'Teachers bemoan lack of logistical support Schoolteachers have been directed to create WhatsApp groups onto which to upload lessons for children, starting today. ILENI NANDJATO

ONDANGWA



Education minister Anna Nghipondoka yesterday refused to answer questions piling up on her ministry regarding its decision to start online classes for public schools, as confusion ringers. There is a lot of confusion about what is expected from teachers working from home during lockdown.

Some say it is a time for teachers to prepare their lesson plans, while others believe they are required to teach learners online.



Sources have informed Namibian Sun that during the recent school holiday, the ministry of education conducted a survey to find out how many teachers and learners have internet access and the devices needed for online education.

It is reported that the survey found that most teachers, but only a few learners, have smartphones and internet access.

The most frequently asked question is who will provide teachers and parents with e-learning devices and data.

Nghipondoka referred all questions to executive director Sanet Steenkamp, who could not be reached by phone.



WhatsApp groups

The education director for Oshana Region, Hileni Amukana, said parents must contact their children's teachers to be added to WhatsApp groups where teachers will upload activities for the learners.

She said these WhatsApp groups will be monitored by school principals.

“Parents are expected to take activities from these WhatsApp groups and teach their children at home. Each subject teacher will have their own WhatsApp group and parents need to teach all those subjects. This is just a way of keeping children and teachers busy during lockdown,” Amukana said.

“Once school resumes, teachers will continue where they left off. However, there will be special provision for learners who had no access to online learning.”



Teachers

Some teachers who spoke to Namibian Sun complained that although they have smartphones, these are for private use as they were not provided by the ministry.

Some claim that parents abuse the platform by calling them in the middle of the night while they are sleeping asking about school matters.

“To me working from home means I must study the scheme of work and do my lesson plans. There is no way I will do work-related activities with the cellphone I bought for myself and recharge airtime myself,” said a teacher.

“Some parents are forever complaining that they do not have airtime to follow things on WhatsApp groups, while others call us in the middle of the night or while at drinking places asking about school-related issues. This will not be a good platform at all,” said another teacher.



NANTU

The Namibia National Teachers Union (NANTU) secretary-general, Loide Shaanika , said this arrangement was made in consultation with the union and some teachers already have WhatsApp groups up and running.

“WhatsApp group learning is not something new to the teachers and parents. We are aware that there are some teachers and parents who do not have smartphones to be able to communicate or follow. We are looking if we can get partners on board and willing to assist with gadgets or data for teachers and parents,” Shaanika said.

“Another thing is that learning hubs have been identified in different regions where teachers will be dropping learning materials and parents are expected to collect them so they can go teach their children. These materials can be used by any learner from any region or school.”

Kanime case not urgent

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Kanime case not urgentKanime case not urgent JANA-MARI SMITH

WINDHOEK



A Windhoek city councillor's attempt to obtain an urgent interdict against a decision to extend City Police chief Abraham Kanime's contract for three years failed in the Windhoek High Court yesterday.

Judge Hannelie Prinsloo struck the application brought by Popular Democratic Movement (PDM) councillor Ignatius Semba from the roll for lack of urgency.

She also ordered Semba to pay the costs of the case.

Kanime resigned at the end of January after a decades at the helm of the Windhoek City Police.

His last working day was to be the end of this month.

However, on 27 February the majority of city councillors agreed to negotiate with Kanime to stay on until 31 April 2023.

Semba and others objected, arguing that such extension would be unlawful. His court application sought to have the council decision set aside.



Legalities

Critics argued that according to local authority regulations, a contract terminated by resignation cannot be extended. If Kanime had retired, an extension of the contract would have been legal.





In court papers filed on Monday, Semba said he was under the impression that the matter regarding Kanime's appointment would be discussed further at a 19 March special council meeting. However, the item was withdrawn while a draft contract was drawn up.

It was then that he decided to take the matter to court.



Counter-argument

The council argued that the matter was not urgent, and that Semba could have taken the legal route after the February meeting already.

“He was present when the decision was taken and objected to it. Council decided to proceed and he left the meeting,” their papers state regarding the 27 February meeting.

The responding papers also noted that the extension of Kanime's contract was within the law and that the resignation would only have taken effect at the end of April. Until such time, they argue, Kanime remains an employee and a resignation could still be retracted.

Laura Pack of Pack Law Chamber is acting on behalf of Semba, while the council has secured the legal services of Frans Kwala.

Company news in brief

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Company news in briefCompany news in brief Kenya's Nation Media’s profit tumbles

Nation Media Group posted a 20.7% fall in 2019 pretax profit, hurt by a softer economy and problems among key advertisers, Kenya's biggest news publisher said on Monday.

The publisher of the Daily Nation newspaper among other leading titles and operator of broadcast stations said pretax profit fell to 1.3 billion shillings (US$12.2 million).

The government cancelled the licences of online sports betting companies in the middle of last year, citing concerns about the social impact of widespread gambling, cutting off a key source of advertising revenue for media companies.

Nation Media, which also operates in neighbouring Tanzania and Uganda, said there would be no final dividend but instead offered investors a bonus share issue of one for every 10 held.

The company will invest some of its cash reserves to develop new revenue streams from digital media, it said, as scope for growth in its print business narrows, and as it seeks to navigate through the Covid-19 pandemic. – Nampa/Reuters

Nissan to close global HQ

Nissan Motor Co said yesterday it will shut its global headquarters in Japan for 16 days through early May to contain the spread of the coronavirus, even though the government has permitted keeping workplaces open to get the economy running.

Prime minister Shinzo Abe has allowed manufacturing plants to keep operating under a state of emergency that was declared this month and broadened last week, but Nissan and its rivals had already suspended output at many of their factories due to plummeting global demand.

Nissan is the latest Japanese company to shutter its global headquarters to reduce the number of staff commuting, as the Covid-19 infections in the country increased to around 1 ,000 this week.

Canon Inc and Toshiba also announced similar measures earlier this month.

Nissan said that 15 000 employees at its headquarters in Yokohama and main R&D centre in nearby Atsugi, Kanagawa Prefecture, would be required to take leave for 16 days from next Monday through Japan's "Golden Week" holiday that starts on May 4. – Nampa/Reuters

GE enters into US$15 bln loan

General Electric Co entered into a revolving credit agreement for US$15 billion, according to a regulatory filing on Monday.

The current agreement is set to mature on April 17, 2023 and refinances the company's prior US$20 billion revolving credit facility that was scheduled to mature in May 2021.

The reduced loan size is a testimony to a changing bank landscape where companies seek to get better compensated for the risk they take to lend as volatility rattles the markets amid the Covid-19 pandemic. – Nampa/Reuters

Carrefour halves dividend

Carrefour, Europe's largest retailer, said on Monday it was halving its 2019 dividend and would hold its May 29 annual shareholders meeting behind closed doors due to the coronavirus outbreak.

"Given the exceptional context of the COVID-19 pandemic, Carrefour’s board of directors ... decided to reduce by 50% the dividend proposed for 2019... Thus, the dividend will be 0.23 euro per share, versus 0.46 euro per share initially planned and 0.46 euro per share paid in 2019 for 2018," Carrefour said in a statement. – Nampa/Reuters

BHP holds iron ore output outlook

BHP Group yesterday reported a 6.3% rise in third-quarter iron ore production that slightly missed analyst estimates, and maintained its iron ore forecast despite global economic disruption caused by the coronavirus outbreak.

The world's largest listed miner warned, however, that global steel production excluding China could drop sharply this year in light of the pandemic, and that capital spending in 2021 would be lower than its current outlook of $8 billion.

The company kept its annual outlook for iron ore production unchanged at 273-286 million tonnes but said petroleum output would likely hit the bottom end of previous guidance of 110-116 million barrels of oil equivalent.

The coronavirus crisis has upended economic activity globally, but BHP has so far maintained that most of its operations remain unaffected by the pandemic despite a "small number" of its 72 000 employees testing positive for Covid-19.

Peer Rio Tinto Ltd, last week reported higher-than-expected first-quarter iron ore production, but cut its forecast for annual copper output, while Brazilian miner Vale SA cut its iron ore forecast on Friday due to coronavirus restrictions. – Nampa/Reuters

HSBC cuts top investment bank jobs

HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that chief executive Noel Quinn is pressing on with plans to shake up the group despite having put a wider job cut programme on hold.

The CEO last month announced a temporary halt to plans for 35 000 redundancies across the bank because of the impact of the coronavirus pandemic.

Quinn, who took on the permanent CEO role in March after a lengthy audition process during which chairman Mark Tucker courted several external candidates, faces a nightmarish task to steer Europe's biggest bank through the crisis.

HSBC's twin homes of Britain and China have been particularly hard hit by the pandemic, while cuts to central bank interest rates worldwide will curb the bank's already pressured profits and it faces a shareholder revolt in Hong Kong over dividend halts. – Nampa/Reuters

Kavango looks at teachers' capacity for e-learning

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Kavango looks at teachers' capacity for e-learningKavango looks at teachers' capacity for e-learningSurvey underway The survey with the teachers will take a week before the directorate takes a firm decision on the way forward. These are the things we first want to determine as a directorate before we can do any other things. - Daniel Kapapero, Education directorate: Kavango East RUNDU - The director of education in the Kavango East region, Daniel Kapapero, said to ensure education of the Namibian child continues during the outbreak of the Covid-19 pandemic, it is first looking into the capacity of teachers to implement e-learning.

In a telephonic interview with Nampa yesterday, Kapapero said the directorate is currently busy with a survey in the region to determine how many teachers have the capacity for e-learning.

In a media statement issued recently the executive director in the ministry of education, arts and culture, Sanet Steenkamp, said all schools should design and implement their Covid-19 preparedness and response plans and that it is imperative the communication flows between the school management, staff and parents is enhanced through cell phone interactions or WhatsApp groups.

Secondly, he said the directorate is also looking at whether learners have access to internet as well as technology devices.

“These are the things we first want to determine as a directorate before we can do any other things,” Kapapero said.

The survey with the teachers, he explained, will take a week before the directorate takes a firm decision on the way forward.

Challenges

He said as of Monday teachers are required to look at their scheme of work and prepare relevant learning material content from their homes or duty stations.

He said teachers must also determine the whereabouts of their learners to see if they can have telephone or cell phone numbers of the parents for effective communication.

A teacher from Maria Mwengere Secondary School, Anna Poroto, said she does not think teachers will be challenged to implement this method of teaching but that her concern is with the learners rather.

Poroto said not all learners will equally receive the learning material as some come from areas that do not have network or possess technology devices to begin with.

Another teacher from Shimpanda Primary School, Moses Shikerete, said he understands government cares, however the challenge and key areas in making sure learning becomes a reality cannot be overlooked.

He said for teachers to work from home may prove to be a difficult route to take due to a number of things that may become a hindrance.

“Teachers may have challenges such as smartphones, internet, network, laptops or electricity for those in areas without electricity,” Shikerete said. - Nampa

Test kits black market flourish in Nigeria

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Test kits black market flourish in NigeriaTest kits black market flourish in NigeriaMistrust in health system Nigeria's 36 states have a capacity to test 1 500 people in total per day. We have no idea of the status of propagation of Covid-19 in Nigeria. – Private lab, Nigeria Sophie Bouillon and Celia Lebur - A black market in coronavirus test kits is flourishing in Nigeria, spurred in part by negligible faith in the country's health system to defeat an emerging threat.

Testing is a crucial weapon in combatting Covid-19. It not only identifies where the stealthy virus has invaded - it also helps to prevent frontline workers, in health care and the economy, from falling sick in turn.

Every country is struggling to carry out sufficient testing, but in Nigeria, Africa's most populous country, the situation is dire.

Just 7 100 tests have officially been carried out in a population of around 200 million people.

By comparison, neighbouring Ghana, which has a population of 30 million, has carried out 68 000 tests, while South Africa, with 58 million people, has conducted nearly 114 000.

Right now, Nigeria's 36 states have 12 official coronavirus labs, which together have a capacity to test 1 500 people per day.

"We have no idea of the status of propagation of Covid-19 in Nigeria," a representative of a private medical lab told AFP.

Laboratories

The lab is awaiting government approval to purchase thousands of test kits and a machine able to carry out several hundred tests per hour.

But "demand for these tests on the black market is off the scale, off the scale," the source said.

Lacking the equipment, the lab had to turn away a request from a foreign embassy to carry out tests for its citizens.

Nigeria's extreme need and its dextrous entrepreneurs have unsurprisingly combined to create an instant black market.

Aware of the danger that this represents, the government has warned Nigerians against fake do-it-yourself kits that are emerging online.

The Nigeria Centre for Disease Control (NCDC) is carrying out doorstep testing in Abuja and the state of Lagos - the epicentres of the country's 627 infections, of which 21 have been fatal.

The authorities are also putting boots on the ground, in the form of neighbourhood virus tracers, and opening brand-new quarantine centres in their show of diligence.

Decades of neglect

But they are facing a deep lack of faith in a public health system left crippled by decades of neglect.

Nearly four of every five public health facilities across Nigeria do not even have running water, Dr Francis Faduyile, president of the Nigerian Medical Association (NMA), said last month.

Thousands of Nigerian doctors work in Europe's well-funded health services but at home, there are just 0.4 physicians per 1 000 people.

Mistrust of the public health system is such that many patients are terrified of being declared to the NCDC, a physician in a private medical clinic said.

"My patients don't want to come to the hospital, they think we are the NCDC police who will take them to Yaba," the source said, referring to a government-run facility for Covid-19 patients.

"They tell me on the phone, 'If we come, you don't send us to Yaba!'"

The doctor recounted that, at the start of the month, he had already seen half a dozen patients with coronavirus.

Just one of them consented to being tested, which entailed notification to the NCDC.

‘Waste of time’

The authorities carried out the test, but the exercise was a waste of time. The test was eventually carried out more than two weeks after the doctor alerted the NCDC - a period longer than the virus's incubation period.

Since then, the doctor has gone through back channels to procure around 20 test kits for his patients.

Official testing is "too slow", said Zouera Issoufou, head of the Dangote Foundation, the philanthropic arm of Aliko Dangote, Africa's wealthiest man.

The foundation has partnered with the government in the fight against coronavirus and ordered 250 000 test kits.

But world demand for the kits has exploded, Issoufou said. "They are arriving in dribs and drabs."

Richard Banda, a doctor with the UN's World Health Organisation (WHO) in Nigeria, said the use of dubious virus test kits was not the only problem.

Private sector

Many tests are being done privately, and their results are not being shared with the authorities, he said - which means that cases may not be properly traced and isolated.

"The biggest challenge we face in the fight against Covid in Nigeria is that people are not giving accurate information in the traceability process," he said.

"There is still an issue of stigma."

A doctor at Lagos University Teaching Hospital told AFP that a patient had been admitted there at the end of March with coronavirus symptoms, but his relatives lied about his condition, omitting to say that he had already tested positive.

"They were afraid that we wouldn't admit him if we knew he was positive," the source said.

The patient eventually died - and four doctors who had been unwittingly exposed to the virus he was carrying had to be placed in quarantine. – Nampa/AFP

Time short for avoiding African 'food crisis'

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Time short for avoiding African 'food crisis'Time short for avoiding African 'food crisis' Africa must move swiftly to prevent a looming food crunch caused by coronavirus disruption for small-scale producers, the head of a UN agency says.

“People in lockdown no longer have access to public transport systems, to seeds, to informal markets, to sell their goods or buy inputs such as seed and fertiliser,” said Gilbert Houngbo, head of the International Fund for Agricultural Development (IFAD).

“The closure of major highways and bans on exports could also harm food systems,” he told AFP in an interview.

“The breaking of logistical chains is one of the biggest problems to resolve,” he said. “We have to act right now to prevent a health crisis from becoming a food crisis.”

IFAD specialises in help for poor rural populations, seeking to strengthen food security and employment through low-interest loans and grants.



Millions

The agency on Monday said it had committed US$40 million to a fund called the Covid-19 Rural Poor Stimulus Facility, aimed at easing the impact of the pandemic on food production and market access.

It appealed for at least US$200 million more from UN members, foundations and the private sector.

Houngbo, a former prime minister of Togo, said time was short for strengthening the safety net in rural Africa.

“In the coming weeks,” he said, there was the basic logistical problem of getting fertiliser to farmers as they prepared for the sowing season.

Another challenge was how to manage a build-up of harvests in rural areas, where 80% of the population is poor.

“We are helping to find local outlets for harvests which otherwise will be lost for lack of transport, and we are helping governments to buy up stocks of agricultural products which they can then distribute to people in need.”

– Nampa/AFP

Isabel Malsang -

How can oil prices be negative?

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How can oil prices be negative?How can oil prices be negative?WTI contract plunges Other US oil contracts have also turned negative recently as storage options run out. While a fall in oil prices is hardly a surprise after coronavirus lockdowns hit demand just as producers had hiked production in a war for market share, how could they go negative?

Many no doubt thought there had been a glitch when the May futures contract for US benchmark West Texas Intermediate (WTI) closed Monday in New York at -US$37.63.

So crude oil producers were willing to pay someone to take the product off their hands.



How could this happen?

The May WTI contract plunged as the contract expired yesterday when the owner of the contract is technically supposed to take delivery of the crude.

And that is the problem: The oil storage terminal in Cushing, Oklahoma where WTI is delivered is nearly full given the ample US production and refineries slowing their output as gasoline demand drops.



Pipeline capacity

Meanwhile, pipeline capacity to get it out is limited.

“The oil price reflects the economic value of oil less than the cost of storing oil,” said Stephen Innes, chief global market strategist at AxiCorp.

“As WTI requires physical delivery and storage is very expensive to access, the cost of storage in May exceeded the economic value of oil in May.”

Thus traders were ready to pay others to take it off their hands.

Other US oil contracts have also turned negative recently as storage options run out.

The crash also called attention to the fact that most oil trading is in futures, not physical barrels of oil.

With a such a contract the delivery of the commodity is carried out at a later date. Futures trading help market participants by allowing them to lock into prices, either to sell or buy, but also allows for speculation.

Those who speculate on oil futures and never want to hold it had to get out of the WTI May contract before it expired yesterday, adding to the downward pressure.

It is instructive to look at the June WTI contract, which has also been falling, but was going for around US$16.60 in afternoon European trading yesterday.



Brent

The major international benchmark, Brent, is already trading on June. It held around US$20 yesterday but this is also considerably lower than even in recent days.

Holders of these contracts won't need to accept delivery until June, when many hope demand for gasoline and jet fuel to pick up as countries ease their lockdowns.

But that is just an expectation, and much will also depend on what oil producers do.

The OPEC oil cartel and a number of other major producing nations have agreed to cut daily output by 10 million barrels per day in May. Some analysts believe demand has dropped by 30 million barrels per day, meaning output could continue to outstrip demand.

“So, unless there is some type of coordinated intervention, June could become worthless as well,” said Innes.

– Nampa/AFP



Jean-Louis Doublet -

!Gawaxab ready to deal in hope

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!Gawaxab ready to deal in hope!Gawaxab ready to deal in hopeBoN gets new governor The appointment of the new chief of the central bank in Namibia yesterday was met by mixed reactions. A leader should ‘listen to the music of the future and start dancing to it today’. – Johannes !Gawaxab, Governor designate: BoN Jo-Maré Duddy – Leaders are dealers in hope and what Namibians need now is hope.

These were the words of Johannes !Gawaxab shortly after president Hage Geingob appointed him as the new governor of the Bank of Namibia (BoN).

Geingob chose !Gawaxab, currently the chairman of his High-Level Panel on the Namibian Economy, for the top position ahead of deputy governor Ebson Uanguta.

Uanguta - who, among others, holds a master’s degree in economics from the Addis Ababa University in Ethiopia – has been shadowing former BoN governor Iipumbu Shiimi as deputy governor of the central bank since 2012. Geingob recently appointed Shiimi as finance minister.

!Gawaxab, among others, has a master of arts from the Kingston School of Business in the United Kingdom, as well as master of business leadership from the Graduate Scholl of Business Leadership in South Africa.

Among others, !Gawaxab currently is the chairman of Eos Capital, a local private equity fund he founded in 2015. He will step down from these roles to ensure he has no conflict of interest once he becomes the new BoN chief, !Gawaxab told Market Watch.

His previous positions include the managing director for Africa of Old Mutual Emerging Markets, the group chief executive of Old Mutual Namibia, the general manager of Air Namibia, as well as the manager of planning and public relations at TransNamib.

Announcing his appointment yesterday, Geingob alluded to Uanguta being snubbed by saying people aren’t always happy when they are by-passed. However, he was promised “full support” for !Gawaxab, Geingob said.

!Gawaxab has initially been appointed for a period of 18 months – from 1 June to 31 December 2021. This would have been the remainder of the unexpired term of Shiimi had he stayed governor.

Reaction

!Gawaxab’s appointment was met by mixed reactions yesterday.

“The announcement came as a bit of a surprise,” said research analyst at IJG Securities, Dylan van Wyk.

“We would have liked to see someone with a background in economics and monetary policy experience in this role,” Van Wyk told Market Watch.

He added that !Gawaxab “is by no means unqualified for the job and his experience in the investment and private equity space certainly counts in his favour”.

However, he would have pegged Uanguta as the most likely candidate for the job, “seeing as he has been the deputy for over eight years and [has] nearly a decade of experience” at the BoN, Van Wyk said.

The managing director of Simonis Storm (SS), Bruce Hansen, said !Gawaxab “is an ideal appointment”.

Hansen said !Gawaxab “has the credentials, experience and stature for this position”.

“He has extensive experience in the financial services industry, and a solid understanding of both regional and the Namibian economic, business and investment environment.

“He has good rapport with the business and government leaders in Namibia and I am sure he’ll be key in pertinent discussions with these important stakeholders as we try and navigate our way through the current economic and health storm,” Hansen said.

Plan of action

In a short interview with NBC after his appointment yesterday, !Gawaxab said he believes a leader should “listen to the music of the future and start dancing to it today”.

While undertaking to maintain the BoN’s independent monetary policy, ensuring that the financial sector remains stable and Namibia has price stability, !Gawaxab promised a “fresh” approach to the overall mandate of the central bank.

Geingob in his announcement said the BoN has a “pivotal role” to play in the country. Not only is the BoN government’s banker, but also its financial advisor and fiscal agent, the president said.

!Gawaxab told the NBC the very difficult times Namibia is facing are unprecedented. The country is in a health and economic crisis which will require “harmonised and coordinated efforts”, he said.

In a brief conversation with Market Watch, !Gawaxab said his first priority as governor of the BoN will be to understand the full context of the bank’s mandate and how it can be used to deal with the challenges Namibia faces currently.

!Gawaxab said the BoN will have a role to play in ensuring the economic livelihoods of Namibians after the country exit the Covid-19 crisis.

He pointed out that he will have a “very strong team” at the BoN. The central bank is a “well established institution”, “probably with the best research ability” in the country, !Gawaxab told the NBC.

Cyberbullying: Nakaambo turns to the cops

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Cyberbullying: Nakaambo turns to the copsCyberbullying: Nakaambo turns to the cops MICHAEL KAYUNDE
WINDHOEK

After a weekend of fierce online abuse, Robyn Nakaambo has turned to the cops.
Last Saturday, she was on the receiving end of cyberbullying after, according to Nakaambo, an Instagram user was offended by her not following anyone on the platform.
“She [@BoasFrieda] took it upon herself to screenshot my account and troll me on Twitter, a platform I am not a part of,” Nakaambo shared.
After receiving several screenshots on WhatsApp, Nakaambo reposted @BoasFrieda’s tweet in an effort to defend herself, she said.

Set an example
She advised her 96 000 followers to be wary of such bullying and “avoid people at war with themselves”, who “project their insecurities onto others”. Nakaambo further encouraged @BoasFrieda to set an example for the younger generation, instead of bashing a fellow woman.
“This ignited a spark in her and she defamed my character, alleging I’m barren and committed several abortions, among other derogatory conversations.
“Twitter had a ball retweeting these negative posts,” Nakaambo said, adding that the bullying took place from Saturday until the early hours of Monday.

Mouthpiece
The media personality said she wants to be a mouthpiece to bring attention to the fact that cyberbullying of any form should not be tolerated.
“I refuse to be a doormat for people who disregard people’s feelings and stand firm in making an example of the cyberbullies in my recent predicament.
“I collected all the threads of defamatory content written about me and presented it to the community police, who assisted me in contacting two culprits and asking them to publicly apologise for the false accusations they wrote about me,” Nakaambo said.

Apology
One of her cyberbullies has since apologised.
“I am sorry from the bottom of my heart,” Twitter user @Lomsha8 tweeted.
Nakaambo said she is currently in the process of opening a case against @BoasFrieda.
“I want her to publicly apologise for defaming my character,” she said.
Nakaambo denied knowing @Lomsha8 and @BoasFrieda.
When contacted for comment, @Lomsha8 refused to speak on the matter. “I don’t have anything to say, sir,” she said.
Attempts to reach @BoasFrieda proved unsuccessful.


TAKING A STAND: Robyn Nakaambo is taking a stand against cyberbullying. PHOTO: CONTRIBUTED

SA Rugby cuts budget, tests to go ahead

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SA Rugby cuts budget, tests to go aheadSA Rugby cuts budget, tests to go ahead NAMPA/AFP



South African Rugby announced huge budget cuts and the cancellation of several events on Tuesday because of the coronavirus pandemic, but said it still hoped scheduled test matches for the world champion Springboks would go ahead.

Chief executive Jurie Roux said the sport's stakeholders had agreed to cut between N$700 million and N$1 billion from the budget for the next eight months against what he said was a “worst-case” scenario in which no rugby would be played during the period.

The cuts will include salary reductions for officials and players.

“Our income is tied to the playing of professional rugby and without matches, we potentially don't have any income,” Roux said.



Unprecedented times

He said the decision had been agreed in principle by all stakeholders, including representatives of players.

“These are unprecedented times, not only for rugby in South Africa, but across all spheres of life all over the globe,” he said.

Roux added all age group events, with the exception of a planned under-21 provincial competition, had been scrapped, while all club rugby was on hold because the country was in lockdown due to the coronavirus outbreak.



Matches to go ahead

But home test matches against Scotland, on 4 July and 11 July, remained on the schedule as well as a fixture against Georgia on 18 July.

The first test against Scotland will hold special significance as it is likely to be the last match at the historic Newlands stadium in Cape Town. The Rugby Championship involving home and away matches against Argentina, Australia and New Zealand during August and September was also still set to go ahead. The Currie Cup provincial competition and other franchise tournaments had also not yet been cancelled.

But Roux said all fixtures were dependent on contingency planning around the illness' situation.

“We are currently on a return to train and play readiness plan but this is dependent on government advice and decisions as the pandemic evolves,” he said.

Ashikoto pleads for help

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Ashikoto pleads for helpAshikoto pleads for helpCorona has no mercy on sports stars The boxing trainer is urging the new boxing board to aid them with finances as they are stranded. LIMBA MUPETAMI

WINDHOEK



Local boxing trainer from the Power-Power Development and Boxing Academy in Windhoek Risto Ashikoto said his boxers have been hit hard by the coronavirus pandemic.

Ashikoto is calling for aid from the Namibia Professional Boxing and Wrestling Control Board (NPBWCB).

Despite the NPBWCB, whose primary aim is to sanction boxing fights, having been financially troubled for years, Ashikoto said they have no other institution to turn to in this difficult time, with the lockdown being extended till 4 May.

'As a gym manager, my heart is in pain when I receive calls from my boxers telling me how difficult life is without fights. Boxing is their only means of income. Two of my boxers were supposed to fight on 11 April in an event organised by MTC Salute Promotion. The money they would have made there would have helped greatly, but after hearing that all events are cancelled, they broke [down] in tears,” Ashikoto said.

He added that last week, a well-known boxer from the Erongo Region complained about being unable to head home as he was in Windhoek to prepare for a fight, which was supposed to take place on 28 February.'

'This guy is stuck in the city with no food and no suitable accommodation because of the lockdown,' Ashikoto, who has 14 boxers signed to his gym, stressed

'I have two known boxers, Martin Mukungu and Rubben Kandimba, as well as a female, six amateur senior and five junior boxers.

'I'm appealing to the board, or any willing Samaritan, to please come to our aid with necessary food and basic commodities, because if there are no fights, these boxers have nothing to fall back on,' he said.

Hailing from Opuwo, Mukungu also came to Windhoek to gear up for a since-cancelled fight. “Now I'm just crashing with a friend and we are struggling to make ends meet. I really depend on boxing to survive,' he said.



Helping hand

Recently, African Stars Football Club, with the help of Tuyera Financial Services, delivered food parcels to its players. Tura Magic followed suit and also donated food parcels to their players.

US Olympic trials set for June 2021

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US Olympic trials set for June 2021US Olympic trials set for June 2021 NAMPA / AFP

The United States track and field trials for the Tokyo Olympics will take place from 18 to 27 June 2021, following the postponement of the Games due to the coronavirus pandemic.

The elite athletics competition to determine places in Tokyo was initially set for this June at Hayward Field in Oregon.

However, the one-year postponement of the Olympics forced USA Track and Field (USATF) to follow suit and delay its trials.

Same schedule

A USATF statement said the competition schedule would remain "much the same".

"While there is a possibility that some of the timings of the competition windows may shift, the events taking place on each day will not change," the USATF said.

The trials will take place at a fully redeveloped Hayward Field on the campus of the University of Oregon.

The new venue had been due to stage next year's World Athletics Championships, but that track and field showpiece was also delayed by a year, until 2022, to make way for the rescheduled Olympics.

Company news in brief

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Company news in briefCompany news in brief SA looks for new viable airline

The South African government will work with unions to ensure that a new financially viable and competitive airline emerges from South

African Airways (SAA) business rescue process, the public enterprises ministry said on Tuesday.

The airline entered a form of bankruptcy protection in December, since then it has had to suspend all commercial passenger flights due to the global coronavirus pandemic.

In a virtual meeting with labour unions, the inter-ministerial committee on SAA reiterated that the government was not in a position to provide more capital to the state-owned airline, the ministry said in a statement.

"The unions agreed that in arriving at a solution for SAA, some jobs will be lost, and that employees that remain behind will need to sacrifice some of the unaffordable arrangements that had worsened the airline's financial position," the ministry said.

"It was agreed that social plans will be developed to cushion the effect of losing jobs on the affected employees."– Nampa/Reuters

Apple expands services business in Africa

Apple Inc on Tuesday said it would expand its App Store, Apple Music and other services to dozens of new markets in Africa, the Middle East and beyond in the biggest geographical expansion of its services in almost a decade.

Apple said it would expand the App Store to 20 countries, eight of them in Africa, and will offer its streaming Apple Music service in 52 additional countries and regions. The expansion is the largest since Apple grew what was then called the iTunes Store to India, Russia and more than 50 other countries in 2012.

In Africa, the store will expand to Cameroon, Ivory Coast, Democratic Republic of Congo, Gabon, Libya, Morocco, Rwanda and Zambia.

Apple has focused on growing sales from its services segment, which totaled 17.8% of its US$260.1 billion in revenue in its most recent fiscal year, as consumers have slowed in upgrading their smart phones.

Apple executives said in January that the company had an installed base of 1.5 billion active devices and aimed to reach 600 million subscribers to either its own or third-party services by the end of this year. – Nampa/Reuters

United Airlines sells US$1 bln of stock

United Airlines Holdings Inc on Tuesday announced a public offering to raise more than US$1 billion, the first major airline to sell equity to help it survive a sharp travel downturn in the coronavirus pandemic.

The offer of 39.25 million shares is underwritten by Morgan Stanley and Barclays, who IFR said were re-offering the shares at US$25.95 to US$26.50 each, a discount of up to 6.9% on Tuesday's close of US$27.88.

Shares in United, like other airlines, have been punished by decimated travel demand, losing 67% over the past three months as the pandemic forced lockdowns in many countries.

United is set to receive US$5 billion from the US Treasury to cover payroll through Sept. 30 and has said it expects to borrow up to about US$4.5 billion from a separate government package for airlines.

In exchange for part of the funds, the airline must issue warrants for the Treasury to purchase shares at its April 9 closing price of US$31.50. – Nampa/Reuters

Netflix adds more subscribers in Q1

Netflix Inc on Tuesday reported more paid subscribers than expected in the first quarter, as global lockdowns to curb the spread of the novel coronavirus forced people to stay at home and watch shows online including its wildly popular "Tiger King."

Shares of the streaming giant, which have surged about 35% this year, were up 4% in trading after the bell.

Demand for streaming services surged in recent months as the fast spreading virus, which has infected more than 2.5 million people globally, restricted movement.

Some analysts, however, believed that subscriptions of streaming services would be among the first household discretionary items to be cut by people amid a wave of layoffs and fears of an economic recession because of the pandemic.

But Netflix said it expects to add 7.50 million paid subscribers globally in the second quarter. The company added 15.77 million paid subscribers globally during the first quarter. – Nampa/Reuters

Qatar Airways defers employees' wages

Qatar Airways on Tuesday said mid-level employees and above will have their salaries halved for at least three months but that staff would be back paid when the airline could afford it.

Partially deferring salaries was a temporary measure that is expected to last for three months starting April, the airline said, though cautioned it could be extended "depending on the economic situation".

Unpaid portions of salaries would be paid "as soon as possible when circumstances allow", it said.

The airline did not say how many staff would be affected, or how much it would temporarily save over the three months.

Qatar Airways is one of few airlines still operating regular scheduled passenger services with international travel virtually grounded due to the new coronavirus outbreak. – Nampa/Reuters

Outapi hospital gets corona ward

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Outapi hospital gets corona wardOutapi hospital gets corona ward ILENI NANDJATO

ONGWEDIVA



A 30-bed ward has been established at the Outapi district hospital to manage Omusati coronavirus patients.

The region also has personnel on standby.

This was announced by regional health director, Alfons Amoomo.



Task team

Amoomo said all health personnel and auxiliary staff trained on coronavirus case management and how to safely use personal protective equipment (PPE) in the region have established a task team. With seven specialised subcommittees, the team has been instrumental in coordinating efforts.

“Amid the Covid-19 pandemic, we have put measures in place for infected patients, disease management and patient isolation,” Amoomo said.

The first coronavirus case in Namibia was confirmed on 14 March, with the entire country currently in lockdown and under a state of emergency.

Namibia's infection rate currently stands at 16, with no deaths.

San community feels left out

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San community feels left outSan community feels left out NAMPA

EPUKIRO



The Epukiro constituency San community in Omaheke feels left out, as they are unable to benefit from the government's emergency income grant (EIG) of N$750, due to various challenges.

Acting chief Kandas Booi said most members of his community have no

cellphones and identification documents, which are required to benefit from the grant. “We are illiterate and some people didn't even receive the message well, as no official from the government came to the settlement regarding this grant,” said Booi. The grant, he said, would help his community during this time of crisis, as most have lost their jobs and are now at home.

“There are no tenders to help them financially due to the lockdown; most people are now at home hungry,” he added.

Booi suggested that the government pay the N$750 in cash.

“This will be a very easy method and it must be done fast to reach everyone in the country, as is the case with pension payments.”

Erica Kahuure from the constituency office, who is also a volunteer officer for the Namibia Vulnerability Assessment Committee under the Office of Prime Minister, acknowledged the challenges faced by the San community regarding the EIG.

“We have requested the Office of San Development to register and receive money on behalf of the San. It is very difficult for them to access their money, even through their employers,” she said.

Namibians can apply for the grant via SMS and the money is paid as digital wallets from participating banks.

Food bank prioritises most vulnerable

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Food bank prioritises most vulnerableFood bank prioritises most vulnerable• N$52m budget includes administration, distribution costs All the beneficiaries have received food parcels through their constituency councillors' offices for the months of January, February and March. ESTER KAMATI

WINDHOEK



With many being retrenched and left without an income, food security has become a huge problem for poor Namibians.

The food bank, which has 6 000 beneficiaries in Windhoek and 4 000 outside the capital, distributes food monthly to citizens who cannot afford it, especially those taking care of large families.

According to the executive director of the poverty eradication and social welfare ministry, Ester Lusepani, all the beneficiaries have received food parcels through their constituency councillors' offices for the months of January, February and March.

Asked about the uneven distribution of food, Lusepani said the food bank often does not have enough supplies to cater to the entire list of people, leaving the rest to wait until the next distribution.

Lusepani added that the food bank receives donations from companies and individuals and the donations do not always come in large quantities.

She also disclosed that the current food bank budget stands at N$52 million, which includes administration and distribution costs.



Most vulnerable

She further shared that the food bank, although initially requiring an ID number to register as a beneficiary, particularly looks at those individuals without documentation as they are considered the most vulnerable.

People who do not have an identity document were unable to benefit from the N$750 emergency grant from the finance ministry's economic stimulus package and the food bank will thus prioritise such people.

The food bank project, according to Lusepani, is currently assessing how it can better assist people who have lost their income due to the coronavirus pandemic.



Large families

The most recent food donation was made in the Khomasdal constituency last Friday and Saturday.

Individuals who already receive a grant from the government may not benefit from the food bank, except for child grant recipients. To become a beneficiary, individuals apply through their councillor's office.

Priority is given to those who are unemployed and take care of large families.

Oxygen shortages plague Africa, S.Asia

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Oxygen shortages plague Africa, S.AsiaOxygen shortages plague Africa, S.Asia'Suffering, gasping' Surveys throughout Africa have shown that less than half of hospitals have oxygen available on wards at any given time. If you don't have something like an oxygen system you find yourself helpless. - Adamu Isah, Save the Children: Nigeria Kelly MacNamara - As the coronavirus pandemic bears down on vulnerable nations in Africa and South Asia, experts say there are only weeks to help fill chronic shortages of what medics need to help people breathe.

Not ventilators, but oxygen itself.

Medical oxygen is a core component of the life-saving therapies hospitals are giving patients with severe cases of Covid-19, as the world waits for scientists to find vaccines and treatments.

The pandemic has pushed even the most advanced health systems to their limits, with concerns often focused on the supply of mechanical ventilators at the high-tech end of the breathing assistance spectrum.

But experts fear this has distorted the narrative about what constitutes an effective response, giving the wrong blueprint for nations with under-funded health systems.

"The reality is that oxygen is the only therapy that will save lives in Africa and Asia-Pacific now," said Hamish Graham, a consultant paediatrician and research fellow at Melbourne University Hospital and International Centre for Child Health (ICCH).

"I fear that undue focus on ventilators without fixing oxygen systems will kill."

Crucial in fight

One report in February on thousands of cases in China's epidemic found that nearly 20% of patients with Covid-19 required oxygen. Of those, 14% needed some form of oxygen therapy, while a further 5% required mechanical ventilation.

In severe cases of Covid-19, the virus attacks the patient's lungs in the form of pneumonia, causing inflammation that prevents them from absorbing oxygen.

This can cause their blood oxygen levels to fall well below normal, a condition known as hypoxaemia that can deprive critical organs of oxygen and "substantially" increase the risk of death, Graham said.

"In hospitals in high-income countries, we take oxygen for granted," he told AFP.

"In low-resource settings, healthcare workers are acutely aware of the challenges as they fight to get oxygen to patients every day."

Many larger hospitals across Sub-Saharan Africa and South Asia will have some oxygen cylinders in operating theatres and wards, as well as concentrators - portable devices that filter and purify the surrounding air.

‘Find yourself helpless’

But surveys throughout Africa and Asia-Pacific have shown that less than half of hospitals have oxygen available on wards at any given time, Graham said, and even fewer have the pulse oximeters that allow medical staff to measure blood oxygen levels and guide dosages.

Oxygen supply has long been a source of alarm among specialists who treat pneumonia, the world's biggest preventable infectious killer of children under five.

In Nigeria, one of the worst-affected countries, the government introduced a national policy several years ago to improve pneumonia treatment, but experts say it has not trickled down to a regional level.

Adamu Isah, who leads Save the Children's work on pneumonia in the country, said the charity recently assessed primary healthcare facilities in two states and found that oxygen supplies were "really, really concerning".

A former clinical physician, Isah said it was common to see children "suffering and gasping".

"If you don't have something like an oxygen system you find yourself helpless, there's really not much you can do," he told AFP.

‘Severely limited’

A 2018 report published by Every Breath Counts, a coalition of UN agencies, businesses, donors and aid agencies, said supplies of oxygen were "severely limited" in countries across South Asia and Sub-Saharan Africa.

It cited surveys that suggested only one in 10 children with pneumonia in Nigeria received the oxygen they needed. In Ethiopia, research found that while 64% of hospital paediatric wards had oxygen supplies, only 14% had health workers trained to use them or standard operating procedures.

Leith Greenslade, the lead coordinator for Every Breath Counts, said the mining industry often has better oxygen supplies for its workers than under-funded hospitals.

"These health systems in Africa and South Asia could not be more exposed to a pandemic like this one because they haven't been investing in respiratory therapy," she told AFP.

"This is what terrifies me."

Despite pneumonia killing 800 000 children a year globally, campaigners say it has not been given the same attention as other infectious diseases like HIV, malaria and TB.

‘Completely neglected’

Greenslade said global health authorities have also "completely neglected" oxygen, and this means there is very little information about supplies.

"The absence of global data on this is going to be a major problem trying to respond to Covid-19 because we are flying blind, we really don't know which countries are in more desperate need than the other," she said.

The pandemic is still largely in its early stages in Africa and parts of Asia, giving the international community "probably a two-month window" to act, she added.

While it is still unclear how the new coronavirus will spread in poorer nations, there are acute fears over densely populated cities and refugee camps.

Experts say there is no one-size-fits-all approach, urging low income countries to go beyond lockdowns and urgently scale up basic health systems.

"Like everywhere, flattening the curve is the idea, but if your health system doesn't have any intensive care beds - or, like Malawi, has got 25 beds for 17 million people - you can't flatten the curve to the extent that'll work," said Gwen Hines, Save the Children's executive director for global programmes.

Malawi, one of the poorest countries in Africa, has started to record cases of Covid-19, but a court last week temporarily blocked a government lockdown order.

Hines said her organisation has worked on providing solar powered concentrators to the country, which has intermittent electricity, no domestic oxygen plant, and often struggles to secure imports of medicines.

‘Wrong focus’

The mechanical ventilators used in well-funded health systems are the "wrong focus" for resource-poor countries, where they would have little impact, said David Lalloo, head of the Liverpool School for Tropical Medicine, which also has a large programme in Malawi.

He said the international community should instead prioritise oxygen supplies and protective equipment for health workers.

Experts fear the international community may not act fast enough, as cases rise in Africa and Asia at the same time as Europe and the United States hit their peaks.

But Graham said it was also crucial for the response to be more strategic than "buying equipment and dumping it on hospitals", urging proper staff training and maintenance.

In Nigeria, Isah said his wish-list of equipment would start simple, with pulse oximeters, then oxygen concentrators that can be used in small healthcare settings, and finally higher-tech equipment like ventilators.

But he said a "major fear" was competition in global supply chains for even basic devices.

He called for "solidarity and collaboration" with richer nations helping those that are struggling to tackle Covid-19.

"My fear is if this Cocid pandemic stays longer than a couple of months, we will face very serious problems, there will be loss of so many lives," he said.

"Countries in Europe and the US and other places, they may have the financial capacity to address the need, or they could get support easily, but in Africa we don't have those resources, even in peacetime."– Nampa/AFP

Lockdown measures 'commendable'

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Lockdown measures 'commendable'Lockdown measures 'commendable' NAMPA

WINDHOEK



Despite Namibians finding themselves in a difficult situation due to the Covid-19 lockdown regulations to prevent the further spread of the virus, the measures are commendable.

This is according to the country director of the Centres for Disease Control and Prevention (CDC), Dr Eric Dziuban.

Speaking at the Covid-19 information centre, Dziuban said Namibia has so far recorded 16 Covid-19 cases, with no new cases confirmed for over two weeks, which is evidence that the lockdown is effective.



Slowing down

“We cannot know for sure that the transmission has stopped, hence the ministry of health is conducting mass Covid-19 testing to get a better understanding of whether there are still transmissions missing.

“However, in the meantime we have evidence that the spread is slowing down due to the lockdown, as there have not been any new cases,” he said.

Dziuban said despite Namibians finding themselves in difficult situations, it is for a good cause and the country has not only made sure that the spread is curbed by the lockdown, but the government is making sure that the healthcare system is ready for what might come in the different regions.



Immunity

He also explained that Covid-19 is a new virus and experts are still learning about issues like immunity, what happens after infection, whether an individual who tested positive and becomes Covid-19 negative can still spread the virus, and finding a cure.

“The best thing we can do now is really to slow down the transmission, to better prepare our health system and to allow Namibians to understand what works well against the virus thus far. We still have a long way to go; the fight is not over by any stretch, but there is hope that this difficulty is paying off,” he said.

Specialist physician Dr Ismael Katjitae said Namibia was lucky to have witnessed how other countries are dealing with the coronavirus pandemic.

He further said that despite requests from the public to identify those testing positive, the virus is associated with high stigma, thus the ministry will continue to refrain from identifying patients.

Namibia has to date recorded 16 confirmed Covid-19 cases and has a total of 10 active cases, with six recoveries and no deaths.
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