Tonata Kadhila

Moody’s downgrades Israel’s debt rating

Moody's has downgraded Israel's debt rating from A1 to A2 due to the economic impact of its conflict with Hamas. The credit rating business listed the increased political risk, weakened institutions, and fiscal strain as key factors. Despite remaining investment-grade, the downgrade will raise borrowing costs for Israel. Bank of Israel Governor Amir Yaron meanwhile says the country's economy is strong and will recover from the impact of the war.

12 February, 2024

South Africa

Duduzane Zuma forms new political party

Duduzane Zuma has formed a political party the ‘All Game Changers’ instead of joining his father Jacob Zuma's uMkhonto weSizwe Party. Zuma told Newzroom Afrika that the country needs something new. Zuma says drastic changes are needed to ensure that young and able people don't depend on social welfare.

12 February, 2024

Business / Economics

Government clarifies construction sector agreement delay

The Ministry of Labour, Industrial Relations and Creation has clarified the cause of the delay regarding the extension of the Collective Agreement in the Construction Sector, while at the same time distancing itself from the accusation levelled against it by the Metal and Allied Namibian Workers Union. Here is the Ministry’s Executive Director, Lydia Indombo.

12 February, 2024

Namibia

Schools honor late President Geingob with memorial service

Executive director of the Ministry of Education, Arts, and Culture, Sanet Steenkamp, has instructed all schools and institutions under the ministry to have a memorial service for the late President Hage Geingob on Monday. President Geingob's state funeral is scheduled for Sunday, February 25th.

12 February, 2024

Namibia

Khomas tops prices for bread and oil

Residents of Khomas referred to as Zone 2, have experienced a slightly higher inflation rate of 5.7%, while those in the northern regions, known as Zone 1, saw a slightly lower rate of 5.5%. The southern regions, or Zone 3, which includes Omaheke and Erongo, experienced the lowest inflation at 5%. According to Namibia Statistics Agency spokesperson, Mirjam Shihepo, in terms of consumer goods prices, Khomas stood out with the […]

8 February, 2024

World

Pakistan blocks internet access on polling day

As Pakistan votes to elect a new government today, internet services have been suspended across the country due to 'heightened security concerns'. Pakistan's poll body claims the Election Commission did not instruct the government to cut off internet services. Hira Mustafa reports from Islamabad.

8 February, 2024

Environment

Global warming tops 1.5°C for the first time

The average global temperature has for the first time breached the 1.5 degrees Celsius above pre-industrial levels mark for an entire year - as 2024 saw the hottest January on record. Professor Morgan Hauptfleisch, an Associate Professor in the Faculty of Natural Resources and Spatial Sciences at Namibia University of Science and Technology, reacts to the news. Meanwhile, other scientists say the world is now closer to breaching the […]

8 February, 2024

Business / Economics

Economists call for more frequent Government finance updates

Local Market stakeholders say the country needs more regular updates and analyses on Government Finances. Right now, Namibia only gets them twice a year. With the national budget coming up in about two to three weeks, we asked local economist Gabriel Erastus how the budget can help with achieving the country's goals.

8 February, 2024

Entertainment

Rapper Kanye West lists Kenya, and Nigeria as tour venues

US rapper Kanye West has excited his fans in Kenya and Nigeria after listing the two countries among the potential concert venues for his new tour. According to the BBC, a tentative venue list shared on West's Instagram stories shows that the rapper plans to perform at Eko Energy City in Lagos and the Nyayo International Stadium in Nairobi. West also shared interest in performing at Egypt's Giza Pyramids.

8 February, 2024