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Africa

Week in Review: Namibia’s Green Hydrogen deal, Soth Africa’s unemployment crisis, and More

todayMay 17, 2024 10

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Top Stories:

  1. Namibia’s Green Hydrogen Deal: President Nangolo Mbumba led Namibia’s participation at the World Hydrogen 2024 Summit in the Netherlands, securing green hydrogen supply agreements with the Netherlands, Germany, and Belgium.
  2. Government Election Spending: The Institute for Public Policy Research’s Quarterly Economic Review examines government spending on elections since independence. IPPR Executive Director Graham Hopwood provides insights.
  3. Pending Allowances: Despite National Assembly approval, increased allowances for pensioners and vulnerable children, along with tax amendments, await implementation. Prime Minister Saara Kuugongelwa-Amadhila gives an update.
  4. Paratus Namibia’s Capital Raise: Paratus Namibia raises over N$600 million, doubling its market capital on the NSX. Managing Director Andrew Hall and economist Robert McGregor discuss the investment drive.
  5. South Africa’s Unemployment Crisis: Employment and Labour Minister Thulas Nxesi and local labour expert Herbert Jauch discuss the global unemployment challenge, with SA’s rate rising to 32.9%.
  6. Clean Cooking Initiative: Africa’s push for clean cooking options garners $2.2 billion in pledges. Minister Calle Schlettwein attends the Clean Cooking in Africa Summit in Paris.
  7. Melinda French Gates’ New Endeavor: Melinda French Gates announces her departure from the foundation she co-founded with Bill Gates, allocating $12.5 billion for her own philanthropic efforts.
  8. AI in Namibia: The potential of AI to boost productivity in Namibia’s agriculture, manufacturing, healthcare, and transportation sectors. Cornelia Shipindo, Manager of Cyber Security at CRAN, discusses the risks and challenges.

For daily news updates, tune in to our Future Media radio stations: Fresh FM, Nova, Radio Wave, Omulunga, and 99 FM.

Written by: Dilia Mazula

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