Trustco secures N$ 950 million investment

Trustco secures N$ 950 million investment

Trustco Group Holdings Limited is finalising deals with key shareholders, including a cash investment of up to NAD 950 million from the United States fund Riskowitz Value Fund LP. The move solidifies RVF as a key anchor foreign investor, allowing Trustco to cement existing investments in the local economy. Quinton Van Rooyen Junior, Trustco's Deputy CEO.

January 16, 2024 31

Business / Economics

Namfisa’s Gariseb joins IAIS risk-based solvency forum

The Namibia Financial Institutions Supervisory Authority General Manager for Insurance and Medical Aid Funds, Erich Gariseb, has been admitted to serve on the International Association of Insurance Supervisors’ Risk-Based Solvency Implementation Forum. NamFisa spokesperson, Victoria Muranda, explains the significance of this development.

January 16, 2024 30

World

UK Parliament debates controversial Rwanda migration legislation

UK Prime Minister Rishi Sunak's flagship Rwanda migration legislation returns to Parliament later today. There will be votes on a series of proposed amendments to the bill, which would see some asylum seekers sent to Rwanda for the processing of their claims. Conservative MP Damian Green acknowledges there is division in the governing party over how to bring illegal immigration down.

January 16, 2024 12

Africa

United Nations begins withdrawal from DRC

The United Nations peacekeeping mission in the Democratic Republic of Congo is set to pull out 2000 troops from the east of the country by the end of April in the first phase of its withdrawal from the DRC. Chris Ocamringa has more from Kinshasa.

January 16, 2024 6

Namibia

Education Minister says no learner should be sent home over unpaid fees

Education Minister Anna Nghipondoka has urged schools to avoid sending learners back, for not paying hostel fees or voluntary school contribution fees, saying that though hostel fees are mandatory parents can make arrangements for their kids to be exempted if they are unable to pay, provided there is evidence financial constraints.

January 16, 2024 14

World

UN agency declares Gaza ‘One of the most complex and challenging’ situations

The United Nations Relief and Works Agency for Palestine Refugees says the humanitarian operation in Gaza has fast become one of the most complex and challenging in the world. The agency’s commissioner-general, Philippe Lazzarini, says the crisis in Gaza is a man-made disaster compounded by dehumanising language and the use of food, water, and fuel as instruments of war. Separately, Al Jazeera reports that according to the latest figures from […]

January 16, 2024 9

Entertainment

Trevor Noah makes history with Emmy award win

South African comedian Trevor Noah has won an Emmy award in the Outstanding Talk Series category for his talk show The Daily Show. With the win, Noah makes history as the first African and first black person to win an Emmy for outstanding talk series since the category's introduction in 2015.

January 16, 2024 27

World

Donald Trump wins landslide Iowa victory

Former US President Donald Trump has won a landslide victory in the Iowa caucuses, cementing his status as the clear frontrunner for the 2024 Republican presidential nomination. Trump hailed his victory in a speech to supporters, saying he wants to "straighten up the world's problems ".

January 16, 2024 7

Africa

African nations unite in solidarity with Cuba

The 7th African Continental Meeting of Solidarity with Cuba is underway in South Africa. Those attending are from the Polisario Front, Namibia, South Africa, Zimbabwe, Egypt, China, the United States, Iran, Mozambique, and Botswana. African National Congress deputy secretary-general, Nomvula Mokonyane has called on the African continent to unite in solidarity with Cuba. Meanwhile, the National Secretary of the French Communist Party Fabien Roussel on Monday reiterated his demand for […]

January 16, 2024 12