France’s TotalEnergies pauses Adani investments

France’s TotalEnergies pauses Adani investments

French oil giant TotalEnergies has halted its investments into Adani Group amid bribery allegations against the Indian conglomerate. US authorities have accused billionaire Gautam Adani and other executives of paying more than $250 million in bribes to government officials to win solar energy contracts. Rebecca Bundhun reports from Mumbai.

November 26, 2024 19

Africa

Africa Faces Urgent Need for Data Centres to Support Digital Growt

Africa will need a six-fold increase in data centres to 700 by 2050 to accelerate its digital transformation, according to an expert speaking on Monday to the News Day Nigeria publication. Amid this, calls are growing for countries to ratify the African Union’s Cyber Security and Data Protection Convention, which aims to build a secure information society across the continent. Forty countries, including Zimbabwe, are yet to sign the […]

November 26, 2024 3

South Africa

In S.A, Gauteng Health MEC to Lead Engagement on Food Safety

In South Africa, Gauteng Health MEC Nomantu Nkomo-Ralehoko will lead a multi-stakeholder engagement in Soweto this afternoon, focused on compliance and enforcement of food safety measures. The country is currently battling a foodborne illness outbreak. Over 20 children have died in Gauteng due to suspected food poisoning linked to spaza shops. The department’s spokesperson, Motalatale Modiba, says the MEC will also conduct inspections at local spaza shops and supermarkets to […]

November 26, 2024 10

Business / Economics

“No one will win a trade war,” Says China

Neither the US nor China would win a trade war, the Chinese embassy in Washington said on Monday, after president-elect Donald Trump vowed additional tariffs on China as well as US neighbors Canada and Mexico. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday. Laura Westbrook has more.

November 26, 2024 9

South Africa

S.A’s Minister Reaffirms Commitment to Justice and Two-State Solution for Palestine

S.A's Minister of International Relations and Cooperation, Ronald Lamola, has reaffirmed South Africa’s commitment to justice, peace, and self-determination for Palestine. He participated in the 47th United Nations International Day of Solidarity with the Palestinian People. Lamola says the only way to achieve peace is a two-state solution, where Israel will be able to exist side-by-side in peace with a viable and fully independent Palestinian state within internationally recognised […]

November 26, 2024 6

Africa

Zimbabwe Seeks to Restructure $12.7B Debt

Zimbabwe's president met with creditors and finance executives to discuss clearing debt arrears and restructuring $12.7 billion in external debt reports Reuters. The country aims to access international capital markets for the first time in over two decades, despite its debt accounting for 81% of GDP and a history of financial crises.

November 26, 2024 3

Namibia

Experts Warn of Holiday Risks, Including Theft and Burglary

The festive season is associated with a higher likelihood of theft and accidents. Many people leave their homes unoccupied, making them more vulnerable to criminal activity. Johannes Hesekiel from Old Mutual emphasizes the need for vigilance during the holidays.

November 26, 2024 10

Namibia

EU and Legal Assistance Centre Empower San Communities with Paralegal Training

The Legal Assistance Centre, in partnership with the European Union, has successfully completed a five-day paralegal training programme for San communities. This initiative is part of the San Empowerment Project, aimed at improving access to justice and promoting legal capacity building. Silke Höfs from the EU Delegation to Namibia highlighted the project's importance in empowering marginalized communities.

November 26, 2024 8

South Africa

DA Challenges Gauteng MEC as E-Toll Debt Allocation Looms

In South Africa, the DA in Gauteng says MEC for Finance, Lebogang Maile, will have to find ways to fund the delivery of quality services with reduced funding. The MEC is set to present the Adjustment Budget for the 2024/2025 financial year today. The DA’s, Dorianne Arendse, says that the provincial government taking responsibility for paying a portion of the e-toll debt, raises serious questions about compromises elsewhere, giving […]

November 26, 2024 12