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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Leonard Witbeen

4845 Results / Page 256 of 539

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World

Biden Enacts Restrictive Immigration Policy

    U.S President Joseph Biden has signed his most restrictive immigration policy yet, halting asylum requests at the southern border if crossings exceed a daily average of 2,500 people over a week. Exceptions include unaccompanied children and humanitarian cases. This move aims to demonstrate Biden's toughness on illegal immigration as Donald Trump focuses on mass deportations in his campaign, framing immigration as a central issue. From Washington, Benji Hyer […]

todayJune 5, 2024 19

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Business / Economics

South Africa’s Economy Contracts in Q1 of This Year

South Africa's economy recorded a slight contraction in the first quarter of 2024, impacted by a decline in the mining and construction sectors, according to data from the statistics agency on Tuesday as reported by Reuters. Gross domestic product shrank by 0.1% quarter-on-quarter in seasonally adjusted terms, contrary to economists' expectations of 0.1% growth. On a year-on-year basis, the economy grew by 0.5%, slightly below the predicted 0.6% growth.

todayJune 5, 2024 12

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Africa

Nigerian Labour Unions Suspend Strike to Negotiate New Minimum Wage

Nigeria's main labour unions suspended an indefinite strike for a week on Tuesday to continue negotiations with the government over a new minimum wage, following recent reforms that spiked inflation and exacerbated the cost of living crisis, Reuters reports. The Nigerian Labour Congress and the Trade Union Congress had shut down the national grid and disrupted flights nationwide on Monday, initiating the strike due to the government's failure to agree […]

todayJune 5, 2024 7

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South Africa

Storm Devastates KwaZulu-Natal, Killing 11

A storm tore through South Africa's coastal province of KwaZulu-Natal on Monday, killing at least 11 people and causing widespread destruction, according to local officials. Reuters reports that drone footage from Tuesday in the town of Tongaat showed residents sifting through debris around their damaged homes, attempting to salvage their belongings. Local media quoted KwaZulu-Natal Premier, Nomusa Dube-Ncube, who indicated the death toll could rise beyond the 11 reported so […]

todayJune 5, 2024 13

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Africa

Mining Pit Collapse in Niger State Kills One, Traps 30

A mining pit collapse in Galkogo village, Niger State, central Nigeria, killed one person and left 30 others trapped, the state's emergency agency reported on Tuesday. According to Reuters, six miners were rescued with serious injuries. Hussaini Ibrahim, spokesperson for the Niger State Emergency Management Agency, stated that the incident at the underground gold mine occurred on Monday after heavy rains softened the soil around the pit, causing the collapse.

todayJune 5, 2024 12

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Namibia

Afrobarometer Survey Shows Namibians Value Elections Despite Intimidation Concerns

The latest Afrobarometer survey by The Survey Warehouse in Windhoek reveals that most Namibians value elections and feel free to join political organizations and vote without pressure. Over 70% voted in the 2019 election, with most viewing it as free and fair. However, about 30% experienced fear of political intimidation or violence during the campaign. Insights by Christie Keulder, researcher and owner of The Survey Warehouse.  

todayJune 5, 2024 48

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Business / Economics

5 June 2024 Morning Biz News: Global Economic Landscape: Namibia’s Walvis Bay Leads Trade, Rand Dips Amid Political Shifts, Nigerian Banks Adapt, and Markets Tread Cautiously

Namibia's Walvis Bay Harbour Emerges as Leading Trade Gateway In April, Walvis Bay Harbour solidified its position as Namibia's premier trade gateway, boasting the highest trade volumes for both exports and imports among the country's ports. According to data from The Brief, the Namibia Statistics Agency reported that Walvis Bay Harbour managed a staggering N$3.8 billion in exports and N$5.2 billion in imports during the month. This significant achievement underscores […]

todayJune 5, 2024 11

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World

U.S presents new draft Security Council resolution to stop the fighting in Gaza

The United States has requested UN Security Council support for President Joseph Biden's three-phase plan to end the nearly eight-month war in Gaza. A draft resolution has been circulated to all council members and is expected to be voted on at some stage. Benjamin Netanyahu has confirmed Israel will accept the framework deal though he described it as flawed and in need of much more work. From the United Nations […]

todayJune 5, 2024 26

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Business / Economics

RMB Namibia Leads Syndicated Loan for Navachab Mine Expansion

RMB Namibia has been appointed by QKR Navachab to arrange a USD155 million syndicated loan from Namibian and South African banks. The loan, aimed at funding the mine’s expansion program, will significantly increase gold output, contributing to Namibia’s economic sustainability. RMB will also provide risk management solutions to optimize the mine’s exposure to various factors. Jason Shikalepo, Head of Investment Banking at RMB Namibia, offers further details.  

todayJune 5, 2024 73

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