insert_link Business / Economics 26 March 2024 Morning Biz News: Financial Updates: Insights into Market Developments 1. Capricorn Group to Increase Stake in Paratus Telecom Capricorn Group, a prominent entity listed on the Namibian Stock Exchange, has announced its intention to elevate its ownership share in Paratus Telecom. Currently holding a 31% stake in the telecommunications company, Capricorn Group aims to bolster its position to 36% by the conclusion of the year. This move underscores Capricorn's confidence in Paratus Telecom's robust growth potential within the […] todayMarch 26, 2024 18
insert_link Namibia Expert Emphasizes Transparency as Key in State-Owned Enterprises Independent business researcher Josef Sheehama has underscored the paramount significance of transparency in state-owned enterprises, commonly referred to as parastatals. Addressing the matter, Sheehama pointed out the clear connection between the absence of transparency and the widespread occurrence of corruption within these organizations. todayMarch 26, 2024 19
insert_link World UNSC finally approves a ceasefire resolution The United Nations Security Council has adopted a Gaza ceasefire resolution on Monday. The resolution was drafted by the elective members of the council and calls for an immediate ceasefire for Ramadan. Jody Jacobs reports from the United Nations in New York. todayMarch 26, 2024 8
insert_link Namibia Senegal’s Next President Emerges as Opposition Candidate and Secures Victory as local analyst weighs in Opposition candidate Bassirou Diomaye Faye is on track to become Senegal's next president after his rival from the ruling coalition conceded defeat. Initial results suggest that Faye, aged 44, may have won an outright majority in the delayed presidential election. Despite initially suggesting a runoff, ruling coalition candidate Amadou Ba, aged 62, later congratulated Faye, indicating a peaceful transition of power. Local public policy analyst Dr. Marius Kudumo provides insights […] todayMarch 26, 2024 19
insert_link Business / Economics EXCLUSIVE INTERVIEW: Independent Business and Economics Researcher Josef Kefas Sheehama Advocates for Parastatal Transparency In a recent statement, Josef Sheehama emphasized the critical importance of transparency within state-owned enterprises, also known as parastatals. Speaking on the issue, Sheehama highlighted the direct correlation between the lack of transparency and the prevalence of corruption within these entities. Sheehama asserted that without adequate transparency and accountability measures in place, corruption becomes an enticing prospect for individuals seeking personal enrichment at the expense of public resources. He underscored […] todayMarch 26, 2024 16
insert_link Namibia ICT Minister Sets Firm Deadline for SIM Card Registration and Warns of Suspension Information and Communication Technology minister, Emma Theofelus, announced that no further extensions will be granted to SIM card users beyond the approaching deadline of March 31, 2024. Those not registered by this date will face a three-month suspension, with users encountering warning messages and service restrictions. Minister Theofelus urged all SIM card users to utilize the grace period to complete their registration promptly. todayMarch 26, 2024 11
insert_link South Africa High Court in Pretoria Sets Date for Ruling on SA’s National Assembly Speaker’s Urgent Court Bid The High Court in Pretoria has scheduled the ruling on an urgent court bid by SA's National Assembly Speaker Nosiviwe Mapisa-Nqakula for the second of next month. Judge Sulet Potterill expressed dissatisfaction with Mapisa-Nqakula's request to inspect evidence before the ruling. The State has pledged not to arrest Mapisa-Nqakula until the court's decision. On special leave, she seeks to prevent arrest over alleged bribery while serving as Defence Minister. National […] todayMarch 26, 2024 13
World Federal agents raid Sean “P Diddy” Combs’ homes in LA and Miami Federal agents in Los Angeles and Miami have raided homes connected to Sean "P Diddy" Combs. The hip-hop mogul has faced multiple allegations of sexual assault and sex trafficking in the past year. Ira Spitzer reports. todayMarch 26, 2024 17
insert_link South Africa SA Border Management Authority Intensifies Health Screening Measures for Easter Travellers As Easter approaches, the SA Border Management Authority announces stringent health measures for travelers. Port health specialists will conduct screenings, particularly focusing on travelers from yellow fever endemic areas. The authority empahasizes the importance of health protocols amid ongoing cholera response efforts. todayMarch 26, 2024 28