February 2024 - Page 218 of 225

Building a resilient farming business

By Hanks Saisai, Technical Advisor: Crops & Poultry Farmers in Namibia face numerous challenges including climate change. This is evident in the form of erratic rainfall, recurring droughts, crop, and livestock losses, which have continuously led to financial losses for farmers across the country. As we navigate through the early days of 2024, farmers are encouraged to create resolutions that can transform their farming businesses into resilient enterprises. […]

1 February, 2024

Namibia

Ministry Prohibits Teachers from Charging Fees for Extra Classes

The Education, Arts, and Culture ministry's Director for Programmes and Quality Assurance, Ayeesha Wentworth, emphasized that teachers are strictly prohibited from charging fees when conducting additional classes for their own students. Wentworth clarified that such sessions are integral to the school improvement strategy and should not incur any extra costs for the students or their parents. This statement comes in response to complaints from some parents who allege that certain […]

1 February, 2024

World

Indian court allows Hindus to offer prayers at contested mosque

Muslim petitions say they will file a challenge in India's Supreme Court, after a local Indian court allowed Hindu rituals and prayers to be performed inside a contested mosque.The Gyanvapi mosque has become the latest flashpoint between Muslims and Hindus. Right wing groups claim the mosque was built on the site of a razed Hindu shrine. Neha Poonia has more.

1 February, 2024

South Africa

Independent Electoral Commission Firmly Denies Bias Allegations by Former President Jacob Zuma

SA's Independent Electoral Commission emphatically refutes former president Jacob Zuma's allegations of bias toward the ANC, asserting that such claims are baseless. Zuma recently accused the commission of favoritism towards the ANC and suggested that certain IEC officials could be influenced with bribes to circumvent the commission's system. Janet Love, representing the IEC, urges political parties to collaborate with the commission to ensure the integrity of free and fair elections. […]

1 February, 2024

APO International

African Development Bank launches historic 10.5-year inaugural USD Global Sustainable Hybrid transaction

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched and priced its first Sustainable US dollar-denominated 750 million perpetual subordinated hybrid capital notes. On the 30th of January 2024 the African Development Bank launched a hybrid capital transaction with a coupon of 5.75% until August 2034, with a 10.5 year first call date at the Bank’s discretion. The Bank achieved a top quality and […]

1 February, 2024

Business / Economics

André de Ruyter: More Truth to Power

Former Eskom CEO André de Ruyter who had to leave South Africa for his own safety, speaks to BizNews' Chris Steyn from the United States about how the corruption at ESKOM continues “by and large unabated”. https://youtu.be/_u_x171wHr0

1 February, 2024

World

India orders halt to much of Paytm’s business

India's central bank has ordered Paytm Payments Bank - one of the leaders in the country's digital payments space - to halt a large part of its business. Indian regulators cited persistent non-compliance. Rebecca Bundhun reports from Mumbai.

1 February, 2024

South Africa

Firefighters Grapple with Intense Blazes Despite Marginal Nighttime Cooling in Cape Winelands

While slightly cooler night temperatures provided some respite, firefighters continue to combat multiple blazes in Worcester, Wolseley, and Rawsonville within the Cape Winelands Municipality. Presently, nine firefighting vehicles with crews and an additional 65 ground crew members are on the scene. Jo-Anne Otto, the municipality's spokesperson, highlighted the challenging conditions, mentioning that the South African Weather Service predicts temperatures exceeding 38 degrees Celsius today, posing additional hurdles for firefighting activities. […]

1 February, 2024

Namibia

MVA Fund Releases Alarming Road Safety Statistics citing 29 Fatalities in January 2024

In an announcement on Wednesday, the Motor Vehicle Accident Fund disclosed distressing year-to-date statistics, revealing a total of 158 road crashes, 335 injuries, and 29 fatalities during the period of 01-28 January 2024. The Chief Executive Officer of MVA Fund, Rosalia Hausiku, conveyed this information through a media statement, expressing condolences for the recent tragic incident near Okashandja village. In the past week alone, 89 individuals were injured, and 16 […]

1 February, 2024