African Business ranks 2024’s largest banks

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 […]

September 30, 2024 63

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 […]

September 30, 2024 40

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.″

September 30, 2024 24

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

September 30, 2024 41

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 […]

September 30, 2024 47

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. […]

September 26, 2024 28

South Africa

KwaZulu-Natal issues snowfall warnings

Disaster management teams in KwaZulu-Natal have been activated in response to forecasts of possible snowfall next week. Cooperative Governance and Traditional Affairs MEC Thulasizwe Buthelezi told residents to expect extremely cold temperatures on Monday and Tuesday, particularly in areas around the Drakensberg mountains. The department’s Senzelwe Mzila has more. This time around disaster teams will ensure that they put all the necessary measures in place to prevent a situation […]

September 26, 2024 45

Environment

Namibia Nature Foundation launches ‘People and Wildlife Fellowship’

The Namibia Nature Foundation has launched the Oppenheimer Generations Research Fellowship in People and Wildlife. This fellowship, established in collaboration with Oppenheimer Generations Research and Conservation, has been awarded to Professor Morgan Hauptfleisch, the Director of Research at NNF.

September 26, 2024 103

Business / Economics

Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report

The Namibia Financial Institutions Supervisory Authority has released its annual report which outlines the implementation of key financial regulations and the resolution of 91% of 691 complaints, resulting in N$14.7 million returned to complainants. Namfisa CEO, Kenneth Matomola said most complaints were from micro-lenders, insurers, and pension funds. He also revealed that the Consumer Credit Bill will be tabled by Parliament next year.

September 26, 2024 42