Tonata Kadhila, Author at Future Media News

Agribank rolls out drought relief plan

Namibia's agricultural lender, Agribank, has launched its drought relief subsidy, as announced by Hon. Iipumbu Shiimi, Minister of Finance and Public Enterprises, in his February 2024 budget speech. Effective today, 10 July 2024, the relief will come in the form of installment relief and a penalty interest waiver for clients. According to the bank's spokesperson, Fillemon Nangonya the first intervention focuses on Agribank clients with farmland and livestock loan accounts, […]

10 July, 2024

Business / Economics

Swaitex organisers invite SMEs to showcase their products

With the Swakopmund International Trade Expo currently underway in the Erongo region. The organiser of the event, the Namibia Chamber of Commerce and Industry’s CEO, Charity Mwiya has invited SMEs to network and showcase their products at this year’s Swaitex. Future Media Tara van Eck spoke to Mwiya earlier today.

4 July, 2024

Namibia

Namibians concerned over rising corruption

Afrobarometer has released new data on the state of corruption in Namibia. The survey reveals that two-thirds of Namibians believe corruption is worsening, though this share has decreased recently while a majority think that many government, civil society, and business representatives are involved in corruption. Most Namibians meanwhile feel that the government is performing poorly in combating corruption and that ordinary citizens risk retaliation if they speak out. Here’s Graham […]

4 July, 2024

Business / Economics

49% of Namibian consumers struggle with high cost of living

Namibian households are struggling financially amid high living costs, according to the latest findings from the Consumer Pulse Study conducted by TransUnion. The study reveals a significant increase in financial strain, with 49% of consumers now anticipating difficulty in fully paying their current bills and loans, up from 45% in Q3 2023. Lara Enslin, CEO of TransUnion Namibia, stressed that these findings reveal a proactive approach by consumers to manage […]

4 July, 2024

Namibia

Government warns of scam impersonating Labour Minister

The Ministry of Labour, Industrial Relations, and Employment Creation has warned against an impersonation scam currently circulating on social media platforms, falsely claiming to be representing Minister Utoni Nujoma. The impersonator is sending messages to individuals, asking for personal details to allegedly register them as beneficiaries for a supposed European Development Fund grant. Here is the Ministry's spokesperson Jeremia Namalenga.

4 July, 2024

World

German rail apologises for Euro 2024 travel delays

Germany's national rail operator has apologised to football fans for delays and overcrowding during the European football Championship. Germany is currently hosting Euro 2024, with millions visiting the country to cheer on their squads. Germany's Deutsche Bahn apologized to fans for late trains and overcrowded conditions during Euro 2024 in Germany. A senior board member admitted DB had not been "offering the quality that everyone deserves." The New York Times meanwhile ran a feature […]

4 July, 2024

World

Voters cast ballot in UK general election

Voting has begun across the United Kingdom in a general election which polling suggests could bring an end to 14 years of the Conservative Party in government. Prime Minister Rishi Sunak announced snap elections in May. Voters in 650 constituencies will elect members of Parliament to the lower chamber and the House of Commons. Throughout Thursday, tens of millions of voters have the chance to choose who they would like […]

4 July, 2024

Business / Economics

Oil discoveries make Namibia a top business travel destination

Oil and gas discoveries in Namibia are transforming the country into a high-end business travel destination from a tourist locale for a South African airline. Bloomberg Africa reports that Total Energies SE and Shell Plc have found an estimated 11 billion barrels of oil reserves in Namibia, in what is touted as potentially the biggest-ever deep water find. Namibia has yet to produce crude or gas but has become an […]

4 July, 2024

Business / Economics

Botswana’s Masisi proposes energy partnership with Namibia

Speaking at the official opening of the annual Swakopmund International Trade Expo, which is organised by the Namibia Chamber of Commerce and Industry, Botswana’s President Mokgweetsi Masisi announced that Namibia and Botswana will collaborate in the energy sector by setting up a fuel storage facility at Walvis Bay.

4 July, 2024