Leonard Witbeen

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Business / Economics

Alweendo Says Oil and Gas Policy Gaps an African Challenge

Mines and Energy Minister Thomas Alweendo says policy shortcomings in the oil and gas sector are a continent-wide issue, not just a Namibian problem. Speaking on a ministry-hosted podcast, he emphasized the need to refine local content policies to ensure Namibian businesses benefit from resource extraction. In this report, compiled by One Africa TV NewsOnOne’s Eric Mhunduru, Alweendo highlights a call for policy improvements.  

today7 March, 2025

Africa

Kabila Engages in Talks as Rebel Threats Grow In DRC

Former President of Congo, Joseph Kabila, has begun discussions with opposition leaders regarding the country’s political future, as Rwanda-backed rebels continue to capture territory in the east, according to five sources speaking to Reuters. The talks, which also include civil society members, could pose a further challenge to President Felix Tshisekedi, who has faced criticism for his handling of the M23 rebels' rapid advance.

today7 March, 2025

Business / Economics

Reho Meat Processors Enhances Operations with Wagyu Beef Focus

Located just outside Rehoboth, Reho Meat Processors has not only upgraded its abattoir but also expanded its specialization to include Wagyu beef processing. Francois Lottering reports for One Africa TV NewsOnOne, where he spoke to Jaco Smit, who highlighted that the facility is capable of slaughtering and processing Wagyu and other cattle for local, regional, and international markets.  

today7 March, 2025

South Africa

ActionSA Demands Transparency on Ithala Bank Loans

ActionSA is demanding transparency from KwaZulu-Natal's Ithala bank over outstanding loans granted to politically exposed individuals. The party is concerned that taxpayer funds may have been misused to benefit politicians and their associates, including the chairperson of Parliament’s portfolio committee on Cooperative Governance and Traditional Affairs, Zweli Mkhize, and his family. ActionSA’s Alan Beesley says reports indicate that Ithala is commercially and technically insolvent, with 2.2-billion-rand in loans, but only […]

today7 March, 2025

Business / Economics

Institutional Investors Forum Continues in Swakopmund

  The 4th Annual Institutional Investors Forum 2025, themed "Empowering Growth: Investment Strategies for Institutional Investors in Namibia," is currently taking place in Swakopmund. The event focuses on Pension Fund Trustees, who play a crucial role in securing the financial well-being of their members.Michael Ndinisa is the Group CEO of MNCapital Group of South Africa.  

today7 March, 2025

Namibia

B1 Road Fatalities Surge

In the past three years, a tragic total of 317 people have lost their lives on the B1 road, which spans from Noordoewer to Oshikango, as reported by One Africa TV NewsOnOne’s Ketemba Tjipepa. Last night's extended bulltin is currently being boradcast on oneafrica.tv. Alternatively, you can watch it weekdays on GoTv 24, DSTv 284 or stream daily for free on oneafrica.tv.

today7 March, 2025

Business / Economics

07 March Biz News: Markets, Earnings, Oil Deals & Trade Policy Shifts

  Local Stock Market Update As of yesterday, the local stock market's free float market capitalization stands at N$16.71 billion, with 638,974 shares traded, amounting to N$16.41 million in value across 11 deals. For the month to date, 1,364,598 shares have been traded, totaling N$47.09 million, with 31 deals recorded. FirstRand Ltd Sees 10% Earnings Growth According to CNBC Africa, South Africa’s FirstRand Ltd reported a 10% rise in first-half […]

today7 March, 2025

Namibia

MPs Debate Pension Fund Reforms

Lawmakers are actively reviewing proposed amendments to the Members of Parliament and Other Office Bearers Pension Fund. The discussion is focusing on enhancing financial security for public office holders and ensuring sustainability. Some MPs are arguing for increased contributions, while others are raising concerns about fiscal responsibility. The reforms aim to balance long-term benefits with economic realities. A final decision is set to be made after further consultations.

today6 March, 2025