Bank of Namibia launches drought relief policy

Bank of Namibia launches drought relief policy

The Bank of Namibia has introduced a new policy, effective from 23 October 2024 to October 2026, to address economic and financial challenges from the ongoing drought following the state of emergency declared by President Nangolo Mbumba in May. The central bank’s principal communications team leader, Sandra Garises.

October 28, 2024 20

Namibia

Swapo presidential candidate rebounds after collapse at Otjiwarongo rally

After collapsing at a rally over the weekend, Swapo’s presidential candidate, Netumbo Nandi-Ndaitwah, faced public doubts about her leadership ability. However, she appeared resilient today while speaking at the Swapo Party manifesto discussions in the capital.

October 28, 2024 77

Namibia

National Assembly postpones Mid-Year Budget Review

Finance Minister Iipumbu Shiimi could not deliver the 2024/25 Mid-Year Budget Review this afternoon as the National Assembly lacked the required quorum. The session was postponed to Tuesday, 29 October 2024. The mid-year review seeks to evaluate the country's economic progress and fiscal strategies, with a focus on debt management and economic recovery.

October 28, 2024 14

Entertainment

French actor Gerard Depardieu goes on trial

French screen legend Gerard Depardieu went on trial on Monday charged with sexual assault. The 75-year-old denies assaulting two women on a film set in 2021. His legal team said he was not well enough to be physically present in court on the opening day.

October 28, 2024 136

Africa

SA’s Competition Commission recommends blocking Sun International’s purchase of Peermont

South Africa’s Competition Commission has recommended that the Competition Tribunal stop Sun International Limited from buying Peermont Holdings, as both companies operate casinos. According to spokesperson Siyabulela Makunga, the merger could reduce competition for casino services in central Gauteng and across South Africa.

October 28, 2024 15

Business / Economics

Nvidia dethrones Apple as the world’s most valuable company

Nvidia has dethroned Apple as the world's most valuable company following a record-setting rally in the stock, powered by insatiable demand for its specialised artificial intelligence chips. Nvidia's stock market value briefly touched 3.53 trillion US dollars, slightly above Apple's 3.52 trillion, according to data from the London Stock Exchange Group.

October 28, 2024 19

APO International

East Africa: The Ethiopia-Kenya Electricity Highway is Shaping Regional Connectivity with the Support of the African Development Bank

The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more than 10 years of planning and construction, is redefining energy connectivity in East Africa. It is more than a piece of infrastructure, it is an economic and environmental entity, connecting not just power grids but nations and populations. This vision of a shared energy future runs for 1,045 km between Wolayta-Sodo in Ethiopia and Suswa in Kenya. […]

October 28, 2024 8

World

Nearly 42 million Americans vote early ahead of election day

US Vice President Kamala Harris has accused former President Donald Trump of waging a selfish campaign of vengeance. She campaigned in Pennsylvania, an important swing state, ahead of the November 5 presidential elections. Almost 42 million Americans have already voted ahead of polling day.

October 28, 2024 19

Africa

Botswana’s ruling party promises change ahead of Wednesday’s election

Botswana’s ruling party, the Botswana Democratic Party which has been in power for nearly six decades, is calling for “change” in its campaign ahead of Wednesday’s election—a slogan more typical of opposition groups. According to Bloomberg News, President Mokgweetsi Masisi, who has led since 2018, acknowledged a need for a new approach, though opposition leaders argue the BDP cannot deliver it.

October 28, 2024 12