July 2025 - Page 116 of 153 - Future Media News

Trigon Metals completes sale of Kombat Mine to Horizon’s Kamino Minerals

Trigon Metals Inc. has officially sold its entire interest in the Kombat Mine in Namibia to Horizon Corporation Limited’s affiliate, Kamino Minerals Limited, in a US$24 million all-cash transaction. At a shareholders’ meeting held on 4 July, over 99 percent of the votes cast approved the deal, alongside the election of Trigon’s board and approval of auditors and its stock option plan. The Deal Deal Highlights Payment structure: US$24 million paid in eight […]

8 July, 2025

Namibia

Windhoek & NORED tariff hikes approved but suspended pending ECB compliance

The Electricity Control Board (ECB) has approved electricity tariff increases for the City of Windhoek and Northern Regional Electricity Distributor (NORED) for the 2025/26 financial year—3.9% for Windhoek and 4% for NORED—but their implementation has been suspended until both entities meet regulatory conditions, ECB CEO Robert Kahimise announced. What’s holding things up? The Windhoek municipality must submit audited financial statements for 2023/24, a detailed report on ring-fencing its Electricity Business […]

8 July, 2025

Business / Economics

Former Namcor MD Immanuel Mulunga arrested in ongoing ACC corruption investigation

Windhoek, 8 July 2025 – The Anti‑Corruption Commission (ACC) has arrested former National Petroleum Corporation of Namibia (Namcor) Managing Director Immanuel Mulunga at his Klein Windhoek residence, part of a broader corruption investigation involving senior officials, ACC Director-General Paulus Noa confirmed today. Mulunga, alongside three other former Namcor executives and an additional private individual, is being investigated for alleged misuse of public funds and governance breaches during his tenure. Noa […]

8 July, 2025

World

Myanmar refugees flee clashes into India’s Mizoram State

A renewed wave of refugees has crossed from Myanmar into India’s northeastern state of Mizoram amid fierce clashes between two anti-junta Chin militias, Indian officials confirm. Since 2 July, approximately 3,600 to 4,400 refugees—mainly from Chin State—have arrived in border villages like Zokhawthar, Vaphai, and Saikhumphai, seeking safety from the violence . The conflict involves the Chin National Defence Force (CNDF) and the rival Chinland Defence Force–Hualngoram (CDF-H), both affiliated with […]

8 July, 2025

South Africa

SA Health Minister condemns racial bias in medical schemes

South Africa’s Health Minister, Dr. Aaron Motsoaledi, has publicly denounced systemic racial discrimination in the healthcare sector following the release of the Section 59 Investigation Report led by Advocate Tembeka Ngcukaitobi. The report confirmed that major medical schemes—including Discovery, Medscheme, and the Government Employees Medical Scheme (GEMS)- disproportionately penalised Black healthcare providers during fraud, waste, and abuse investigations. Motsoaledi, expressing his dismay, called the findings “shameful” and reiterated that there […]

8 July, 2025

Business / Economics

Ongwediva Trade Fair raises N$1.6 Million at gala fundraiser

The 2025 Ongwediva Annual Trade Fair (OATF) kicked off its preparations with a resounding success at last Saturday's fundraising gala held at the Trade Fair Centre. According to Future Media’s Maria Namupala, the event raised over N$1.6 million, exceeding last year’s N$1.3 million haul. Headline sponsor Mobile Telecommunications Ltd (MTC) pledged N$350,000, reaffirming its support as a growth driver for entrepreneurship and SME market access. Standard Bank Namibia, Namibian […]

8 July, 2025

World

Netanyahu nominates Trump for Nobel Peace Prize

Washington, D.C. — Israeli Prime Minister Benjamin Netanyahu has officially nominated U.S. President Donald Trump for the 2026 Nobel Peace Prize during their White House meeting on 7 July. Netanyahu presented a letter supporting the nomination, citing Trump’s “pivotal role” in brokering diplomatic advances, including the normalization of relations between Israel and several Arab nations. The announcement came as both leaders met amidst high-stakes negotiations to secure a ceasefire […]

8 July, 2025

APO International

Tanzania advances avocado sector with support from Food and Agriculture Organisation’s (FAO’s) One Country One Priority Product (OCOP) initiative

The United Republic of Tanzania is promoting avocado as a key driver of sustainable agricultural transformation under the One Country One Priority Product (OCOP) initiative. Led by the Government and supported by the Food and Agriculture Organization of the United Nations (FAO), the initiative is helping to strengthen the avocado value chain through innovation, investment, and inclusive development. Tanzania is one of more than 30 African countries participating in OCOP, a global […]

8 July, 2025

APO International

Building Resilient Food Systems in Sierra Leone: Sustainable Agriculture, Community Empowerment, and Strategic Partnerships for Long-Term Food Security

The Government of Sierra Leone (GoSL), through the Ministry of Agriculture and Food Security (MAFS) working with its development partners, the Food and Agriculture Organization of the United Nations (FAO) and the World Bank, is implementing a Food Systems Resilience Programme. This programme seeks to reduce food and nutrition insecurity and enhance the resilience of food systems for vulnerable communities in Sierra Leone. It focuses on rehabilitating Inland Valley Swamps […]

8 July, 2025