February 2025 - Page 20 of 137

Trigon Metals, Union Secure Deal for Retrenched Workers

Trigon Metals’ Kombat Mine and the Mineworkers Union have reached an agreement benefiting 533 retrenched employees. According to a media statement, the deal includes severance pay, leave compensation, relocation support, and employer-covered medical exams. Retrenchment packages are set to be paid today, with a recall list ensuring priority rehiring if operations resume

25 February, 2025

World

Macron warns Trump not to “surrender” Ukraine

French President Emmanuel Macron has warned Donald Trump not to "surrender" Ukraine as he pushes for a peace deal with Russia. The two leaders met at the White House on Monday, on the third anniversary of Russia's invasion of Ukraine. Nick Harper reports from Washington.

25 February, 2025

Business / Economics

January Vehicle Sales Up Year-on-Year but Drop Monthly

Records indicate 966 new vehicle sales in January, a 1.7% increase from January 2024 but a 12.2% decline from December 2024. Economist Almandro Jansen attributes the drop to seasonal trends and post-holiday financial constraints.

25 February, 2025

Business / Economics

Morning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates

Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […]

25 February, 2025

Africa

Sudanese Army Breaks RSF Siege on Key Southern City

The Sudanese army claims to have broken a nearly two-year siege by the paramilitary Rapid Support Forces on el-Obeid, a key southern state capital. BBC Africa has it that this development follows the RSF’s signing of a political charter in Nairobi to establish a breakaway government in its controlled areas. The conflict, ongoing since April 2023, has killed tens of thousands and displaced millions.

25 February, 2025

Business / Economics

NIDA Reports N$3 Billion in Assets in First-Ever Annual Report

The Industrial Development Agency released its first annual report since its establishment in 2018, revealing asset management worth N$3 billion. NIDA Board Chairperson Sebulon Kankondi shared the figures, while Finance Minister Iipumbu Shiimi urged the agency to adopt a high-performance culture. NIDA CEO Richwell Lukonga :

25 February, 2025

Dr. Sam Nujoma

Windhoek to Experience Traffic Disruptions for Nujoma Funeral Rehearsal

The Police have issued a warning to Windhoek motorists for today. Nampol says they should expect road closures and traffic disruptions as the security cluster conducts a full-scale rehearsal for the state funeral procession of the late Founding President, Dr. Sam Nujoma. According to NamPol spokesperson Deputy Commissioner Kaunapawa Shikwambi, the rehearsal will take place starting at 7am, following the same route as the official procession on this coming […]

25 February, 2025

South Africa

In S.A, the DA Says Limpopo’s R1 Billion Digital Health Project Lacks Progress

In South Africa, the DA in Limpopo says over one-billion-rand has been spent on digitising medical files with no clear end in sight. The party has criticised the provincial Department of Health for the slow progress of the Veritas Digital contract, which has scanned files at only 64 of 523 facilities. The DA’s Lindy Wilson is calling for a review, urging that funds be redirected to address more pressing […]

25 February, 2025

Namibia

Namibia Ranked Among World’s Slowest in Internet Speed

Namibia ranks 143rd out of 152 countries in the this year's Speedtest Global Index by Ookla, making it one of the slowest globally for internet speed. Additionally, the country performs poorly in digital quality, e-security, and e-governance, according to Surfshark’s 2024 index. Tannan Groenewald is the Head of Data & Analytics at Cirrus Capital, he weighed in on this: We also spoke with Texpert Nrupesh Soni for his opinion […]

25 February, 2025