Tonata Kadhila

Building Workers Pension Fund optimistic on construction sector prospects

The Namibia Building Workers Pension Fund is optimistic about the year ahead. The principal officer of the NBWPF, Enwich Kazondu, says several projects in the pipeline will impact the construction sector positively. Although, not all will materialise at once, at least the prospects of what lies ahead, create optimism, which is always important from a macroeconomic perspective. Here is Enwich Kazondu.

22 January, 2024

World

EU considers imposing more sanctions on Hamas

The European Union could impose new sanctions on Hamas next week, according to reports. Earlier this week, it added Hamas leader Yahoo Sinwar to its terror list - effectively freezing his assets in the EU and banning citizens from carrying out transactions with him. Ishan Garg has more from Brussels.

18 January, 2024

Africa

AU urges restraint in Somalia-Ethiopia tensions

The African Union on Wednesday called on Ethiopia and Somalia to exercise restraint and take steps to de-escalate the current tensions amid deteriorating diplomatic relations between the two countries. The Xinhua news agency reports that tensions continue to mount in relations between Ethiopia and Somalia after Ethiopia and Somaliland, a self-declared region of Somalia, signed an agreement earlier this month, allowing Ethiopia access to the Red Sea in return for […]

18 January, 2024

Namibia

Namibia’s CPI comes in at 5.3%

The Namibia Statistics Agency’s latest Consumer Price Index shows that Namibia’s annual inflation stood at 5.3 percent during December 2023. NSA Communication specialist, Mirja Shihepo helps make sense of things. Meanwhile, during the month of November 2023, Namibia’s trade balance stood at a deficit of N$4.0 billion an improvement when compared to N$4.5 billion when compared to N$2.8 billion recorded in October 2023. The country’s trade composition by partner […]

18 January, 2024

World

Pakistan carries out military strikes in Iran

Pakistan says it has conducted 'targeted' military strikes in Iran. The retaliatory operation comes days after Iran targeted militants on Pakistani soil. Islamabad says a 'number of terrorists' were killed in Thursday's strike while Tehran alleges seven 'non-Iranian' nationals were killed. This week, Pakistan downgraded diplomatic ties with Iran.

18 January, 2024

World

Russia and Niger strengthen military cooperation

Russia and Niger have agreed to develop a military cooperation. It comes after French troops were kicked out of the Sahel region last year. Nabil Ahmed Rufai reports.

18 January, 2024

Namibia

City of Windhoek announces Katutura water interruptions

The City of Windhoek has announced water interruptions in Katurura today. The affected areas include Grysblok, Soweto, and Katutura Central. City spokesperson Ciliie Kapolo explains.

18 January, 2024

Africa

Resistant mosquito threatens malaria fight

A new species of mosquito is driving up malaria infections in Africa, fuelling a growing public health concern. The Anopheles stephensi mosquito, shortened by some entomologists to "steve", has so far been detected in seven African countries. According to the World Health Organization, the mosquito, which originated in South Asia, was first detected in Djibouti in 2012, since then, the new species has since spread to Ethiopia, Kenya, Nigeria, and Ghana.

18 January, 2024

Business / Economics

Emerging markets experience 9% drop in Foreign Direct Investment

Global foreign direct investment flows could rise modestly in 2024 after a marginal increase last year due to higher investment in some European economies, the United Nations trade body said on Wednesday. Emerging Markets have seen a decline in Foreign Direct Investment in 2023 by 9 percent to $841 billion. Meanwhile, developing Asian countries bore the brunt with a 12% decrease, and China reported an unusual 6% drop in FDI […]

18 January, 2024