Tonata Kadhila, Author at Future Media News

Survey finds that 37% of Namibians avoid investment risks

The 2023 Old Mutual Financial Services Monitor shows that many Namibians are not investing. About 37% are not willing to take any risks, especially the youth. Jo-Ann van Wyk from Old Mutual Investment Group revealed that 30% of people prefer safe, low-risk options like savings accounts. Van Wyk further explains that on the other end of the spectrum, those who are more inclined to take risks understand that achieving […]

30 September, 2024

Environment

Namibia faces cold weather

With the southern and central regions of Namibia experiencing colder weather in recent days, along with snowfall in KwaZulu-Natal, South Africa, we spoke to Odilo Kgobetsi from the meteorological office to find out if these weather patterns are normal and whether they are expected to persist. Kgobetsi urged people to stay informed about weather updates and take necessary precautions to protect their safety and the health of their […]

30 September, 2024

World

Russia targets Kyiv in drone attack

Russia launched multiple waves of drones targeting Ukraine's capital on Monday morning. Air raid alerts lasted for over five hours as air defense units worked to intercept attacks. Reuters further reports that all the drones that Russia launched at Kyiv were either destroyed by defence systems or neutralised by electronic warfare, Serhiy Popko, the head of Kyiv's military administration said on the Telegram messaging app.

30 September, 2024

Africa

African Business ranks 2024’s largest banks

African Business Magazine has ranked the continent’s largest banks for 2024, with Standard Bank leading as the largest bank in Africa. The bank reported a net profit of $2.7 billion, an 18% increase from the previous year. Other top banks include First Bank of Nigeria, Equity Bank from Kenya, and the National Bank of Egypt. Meanwhile, FirstRand's net profits decreased to $1.4 billion, down 13%. According to the ranking, Mauritius […]

30 September, 2024

South Africa

SA’s Ramaphosa says the current approach to world peace is unjust, unfair and unsustainable

South African President, Cyril Ramaphosa says at a time when the threats to international peace and security are many and complex, the world’s security can no longer be placed in the hands of a few major powers. He attended the United Nations General Assembly in New York last week. In his weekly newsletter, Ramaphosa said the current approach to world peace is unjust, unfair, and unsustainable, and the UN Security […]

30 September, 2024

World

French far-right leader goes on trial

The French far-right figurehead Marine Le Pen has gone on trial for embezzlement in Paris. She and 26 other National Rally party politicians deny misusing European Union funds. Ross Cullen reports. According to the Associated Press, Le Pen denied violating any rules. The veteran politician told journalists that she remained confident. She vowed to present the judges with “extremely serious and extremely solid arguments.″

30 September, 2024

Namibia

Omuthiya faces severe water crisis

Omuthiya, in the Oshikoto region, is currently facing a severe water crisis, with some residents going without water for several days, even up to a week. Local business owners have expressed frustration, saying that the lack of water makes it impossible to operate. Omuthiyagwiipundi is the capital of the Oshikoto Region in northern Namibia and it is situated approximately 10 kilometres from Etosha National Park. It has about 7,500 residents

30 September, 2024

Namibia

CRAN urges broadcasters to uphold standards for 2024 election coverage

The Communications Regulatory Authority of Namibia (CRAN) has called on broadcasters to comply with the Broadcasting Code during the 2024 election coverage period, which runs from 26 September to 24 November 2024. Legal Advisor: Complaints & Enforcement at CRAN, Simson Shimakeleni said broadcasters must provide equal airtime to all political parties, maintain transparent news reporting, and avoid discriminatory advertising practices. On polling day, broadcasters are required to refrain from […]

30 September, 2024

Uncategorized

New York Mayor charged with taking bribes

Prosecutors have charged New York City Mayor Eric Adams with five counts of criminal offences, including bribery, wire fraud and soliciting illegal foreign campaign donations. According to the BBC, the indictment unveiled on Thursday alleges Adams sought and accepted illegal campaign funds and over $100,000 (£75,000) in luxury travel benefits from Turkish businessmen and an official seeking to gain his influence. Adams said he plans to fight the charges. […]

26 September, 2024