Leonard Witbeen, Author at Future Media News

China Pulls Further Away from World Bank’s Definition of High Income Nation

China's per capita gross national income fell for the first time in nearly 30 years in 2023, according to newly released government data.It nudges China further away from the World Bank's threshold for categorizing a country as high-income. Patrick Fok reports.

1 March, 2024

South Africa

SA’s Cabinet Applauds Sasol and Transnet’s Rail Partnership for Enhanced Transport Reliability

sasol South Africa's Cabinet has expressed approval for the public-private partnership between Sasol and Transnet, aimed at improving the reliability of rail transport. Under the agreement, Transnet Freight Rail will utilize its fleet of 128 ammonia tankers to transport ammonia from Sasol's facilities to customers. In exchange, Sasol will fund the maintenance and repair program for the fleet over five years. Minister in the Presidency Khumbudzo Ntshavheni highlighted the significance […]

1 March, 2024

Namibia

SWAPO’s Politburo Backs Netumbo Nandi-Ndaitwah as Presidential Candidate

SWAPO's politburo has officially endorsed Netumbo Nandi-Ndaitwah, the current vice president, as the ruling party's presidential candidate for the upcoming November presidential and National Assembly elections. Here's Dr. Ndumba Kamwanya with his opinion.

1 March, 2024

Namibia

Zambezi Region to Host 34th National Independence Day Celebrations

For the first time, the Zambezi Region will host Namibia's 34th National Independence Day celebrations. The announcement was made by Zambezi Governor Lawerence Sampofu, who highlighted the historical significance of this event.

1 March, 2024

Namibia

City of Windhoek Welcomes Delegates from AfriFoodlinks for Agricultural Knowledge Exchange

The City of Windhoek played host to AfriFoodlinks delegates from Milan, Italy, Morocco and Kenya. The visit included on-site tours to various locations within Windhoek's agricultural sector, offering valuable insights into the city's initiatives and sustainable practices.City spokesperson Lydia Amutenya shared details about the initiative.

1 March, 2024

Business / Economics

01 March 2024 Morning Biz News: Financial Highlights: Namibia Secures Grant, Truworths Faces Challenges, Global Market Trends

Published on March 1, 2024 In the dynamic landscape of global finance, recent developments across various sectors have captured the attention of investors and experts alike. Here's a roundup of the latest financial indicators and noteworthy events shaping the economic landscape. 1. Namibia Hydrogen Fund Managers Secures Historic Grant Namibia Hydrogen Fund Managers (Pty) Limited has achieved a significant milestone by securing a substantial grant of nearly N$19.2 million from […]

1 March, 2024

World

Death toll in Gaza reach the 30 thousand mark

The death toll in the Israel-Hamas war has now risen to 30 thousand according to Palestinian health officials. More than 100 people were killed on Thursday morning after Israeli troops reportedly opened fire as people pulled flour and canned goods off of delivery trucks. In describing the latest figures, the UN's Humanitarian Chief, Martin Griffiths said, "life is draining out of Gaza at terrifying speed". Jody Jacobs reports from the […]

1 March, 2024

South Africa

Extradition Expected for Suspects in AKA’s Murder Case; Additional Arrests in Durban

The South African National Prosecuting Authority is anticipating the swift extradition of two suspects linked to the murder of rapper Kiernan 'AKA' Forbes and businessman Tebello 'Tibz' Motsoane. The duo was arrested in Eswatini on Saturday and appeared in court on Monday. Meanwhile, five additional accused appeared in the Durban Magistrate’s Court, with the case postponed to Wednesday. Natasha Ramkisson-Kara, the KwaZulu-Natal NPA spokesperson, revealed that various charges are being […]

1 March, 2024

Namibia

Ongandjera King Demands N$15 Million from Empowerment Entity Amid Heineken Deal

Ongandjera King Johannes Mupiya is considering legal action against a black empowerment entity unless it pays him N$15 million in profits. This amount was agreed upon in a deal linked to Heineken's acquisition of a 50.01% stake in NBL Investments from the Ohlthaver & List (O&L) Group for N$5.4 billion last year. Epia Investment Holdings, a politically connected entity, including late businessman Aron Mushimba, held a 49% stake in NBL […]

1 March, 2024