Government Institutions Pension Fund increases pension and disability income benefits

Government Institutions Pension Fund increases pension and disability income benefits

The Government Institutions Pension Fund announced pension and disability income benefits increases. The Board of Trustees took this decision after a thorough actuarial due diligence process and in consideration of various factors such as the inflation rate, cost of living, reasonable benefit expectations of its active annuitants, affordability on the part of the Fund and the average annual return over the last five years, as well as the current and […]

April 29, 2024 40

Environment

Calle Schlettwein chairs Zambezi Water Commission

The Minister of Agriculture, Water, and Land Reform Calle Schlettwein has assumed the Chairmanship of the Zambezi Watercourse Commission, in Mozambique. He took over from Carlos Alberto Fortes Mesquita, the Minister of Public Works, Housing, and Water Resources of Mozambique during the 11th Zambezi Watercourse Commission Council of Ministers Meeting. Namibia will host the next Council of Ministers.

April 29, 2024 68

World

Germany begins trial of far right-coup plotters

The first high-profile criminal trials get underway today in Germany - as a group faces allegations of preparing to try and violently overthrow the German government. Prosecutors opened their case against individuals tied to the Reichsbürger (Citizens of the Reich) movement. In all, 27 people face charges, including high treason and belonging to a terror organization, but they will be tried in three separate courtrooms in different cities. The plot to overthrow the […]

April 29, 2024 37

Africa

African leaders in Djibouti for World Bank summit

Several African leaders are gathering in Kenya's capital, Nairobi, for the World Bank's International Development Association summit. The two-day summit, according to the BBC, aims to address development challenges on the continent and work towards creating prosperous, inclusive, and sustainable economies. The IDA is the part of the World Bank that helps the world’s 75 poorest countries, 39 of which are in Africa.

April 29, 2024 10

Health / Medical

Namibia marks World Immunisation Week

This week is World Immunisation Week, with this year celebrating 50 years of the Expanded Programme on Immunisation. The World Health Organisation director-general, Tedros Adhanom Ghebreyesus, says they are calling on world leaders to advocate, support, and fund vaccines and immunisation programmes. The week is marked under the theme of ‘Humanly Possible’. Here is the Minister of Health and Social Services Dr. Kalumbi Shangula for his message. Vaccines Save […]

April 29, 2024 47

Africa

Opposition accuses Togo government of extending President’s rule

Tensions have risen in Togo as parliamentary and regional elections are underway amid controversy over a new constitution extending President Faure Gnassingbé's term. The BBC reports that opposition parties have accused the government of using the reform to extend Gnassingbé's family's 57-year rule, allowing him to potentially stay in power until 2031.

April 29, 2024 16

Business / Economics

Namcor signs deal with Chevron for offshore exploration

The National Petroleum Corporation of Namibia has signed a Farm-Out Agreement with Chevron Namibia Exploration Limited, a subsidiary of Chevron Global Energy Inc. This agreement will see CNEL acquire an 80 percent operating working interest in Petroleum Exploration License 82, that is located in the Walvis Basin, offshore Namibia. Here is NamCor Manager Of Marketing, Communications, and Public Relations, Paulo Coelho.

April 29, 2024 68

APO International

International Islamic Trade Finance Corporation (ITFC) Delivers Impactful Trade Solutions in 2023 Amid a Changing and Challenging Global Environment

[[{"value":"The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), proudly announces the release of its 2023 Annual Report, on the them "Navigating Change, Driving Impact." This report demonstrates ITFC's resilience and adaptability in supporting its member countries through strategic trade financing and development initiatives amidst increased global economic uncertainties. In a year characterized by persistent global challenges including economic disruptions and supply […]

April 29, 2024 9

Namibia

President Nangolo Mbumba hosts King Phillip of Belgium

President Nangolo Mbumba is hosting King Philippe of Belgium on a five-day visit, starting on Monday. The Namibia Press Agency reports that King Philippe will hold bilateral talks with President Mbumba at State House on Tuesday. He will also lay a wreath at Heroes’ Acre and visit Hope Initiative Southern Africa in Okuryangava, where he will participate in a financial literacy and economic empowerment session. A media statement issued Sunday […]

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