Tonata Kadhila, Author at Future Media News

Air Connect Namibia welcomes expansion of Airlink’s Walvis Bay–Johannesburg service

Air Connect Namibia has announced the launch of Airlink’s second daily flight connecting Walvis Bay International Airport (WVB) and Johannesburg O.R. Tambo International Airport (JNB), effective 4 July 2025. Namibia Airports Company's Spokesperson, Dan Kamati, speaks about the development: From Johannesburg (JNB): Flight 4Z141 departs at 10:20; Flight 4Z143 departs at 14:05. From Walvis Bay (WVB): Flight 4Z142 departs at 13:40; Flight 4Z144 departs at 17:25. […]

15 July, 2025

Namibia

Namibia begins consultations with IAEA to develop nuclear power plant

Namibia has officially entered formal consultations with the International Atomic Energy Agency (IAEA) as it advances plans to develop a nuclear power plant. This ambitious energy project is expected to span at least a decade, reflecting the complexity and scale involved. Executive Director at the Ministry of Mines and Energy, Ben Nangombe, said that the project will be developed under stringent international guidelines. Namibia must meet 19 critical infrastructure criteria […]

15 July, 2025

Business / Economics

Inflation inches up to 3.7% in June 2025

Inflation has climbed to 3.7% year-on-year in June, up from 3.5% in May, but still below the 4.6% reported in June last year. The increase marks a pause in the two-month slowdown trend observed earlier in the year. According to Simonis Storm economist Almandro Jansen, the uptick was driven by modest price rises across food and non-alcoholic beverages (6.4%), alcoholic drinks and tobacco (6.9%), and housing and utilities (4.1%)—while transport […]

15 July, 2025

Press Releases

ATIDI approves USD84 million counter-guarantee to support financing of Rwanda’s new international airport

· ATIDI has approved a USD84 million counter-guarantee to support the issuance of bonds and guarantees for the construction of Rwanda’s New International Airport in Bugesera District. · BPR Bank Rwanda Plc, acting as Mandated Lead Arranger and Facility Agent, leads a consortium of lenders enabling the transaction. · The Project is a vital infrastructure that will accelerate Rwanda’s Vision 2050, its national strategy to become an upper-middle-income country by 2035 […]

15 July, 2025

Business / Economics

Development Bank of Namibia secures direct access to Green Climate Fund

By: Vitalio Angula In what economists describe as a win for the country, the Development Bank of Namibia (DBN) recently announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity under its medium-sized project category. This milestone makes DBN the first institution in Namibia to acquire this status, qualifying the bank for funding between USD 50 million and USD 250 million. The accreditation allows DBN […]

14 July, 2025

Namibia

Armed robbery at Shoprite Monte Christo

Windhoek, Namibia — A robbery unfolded early this morning at the Shoprite complex on Monte Christo Road, where two suspects—one wielding a panga and the other a handgun—made off with approximately N$110,000 before fleeing on foot. City Police Assistant Superintendent Katrina Namboga confirmed the ongoing investigation and appealed to witnesses to come forward. Police are reviewing CCTV footage and coordinating ground patrols in surrounding neighbourhoods. No injuries were reported, and there […]

14 July, 2025

Environment

South Africa hosts G20 Environment & Climate meeting

G20 Environment and Climate Sustainability Working Group Skukuza, Mpumalanga — From 14 to 18 July 2025, South Africa is convening the 2nd technical meeting of the G20 Environment and Climate Sustainability Working Group (ECSWG) at the iconic Kruger National Park, under the theme of Solidarity, Equality and Sustainability. The event forms the centerpiece of South Africa’s G20 environmental agenda. Over 250 delegates from G20 nations, invited countries, international organisations, and […]

14 July, 2025

Entertainment

Jane Birkin’s original Hermès Birkin bag fetches €8.58 million at auction

The original Birkin handbag, which was custom-made in 1984 for the late actress and singer Jane Birkin, sold at Sotheby’s Paris on Thursday for a record-setting €8.58 million (around $10 million), becoming the most expensive handbag ever auctioned. PBS reported that five bidders vied for the one-of-a-kind bag over more than ten heated minutes before a private Japanese collector secured the piece via phone. The iconic bag, made from black […]

14 July, 2025

Africa

Standard Bank South Africa CEO pushes back against Moody’s credit risk concerns

Standard Bank SA CEO Sim Tshabalala Speaking at the Africa Unlocked Conference 2025 held in Cape Town, Standard Bank Group CEO Sim Tshabalala dismissed a recent Moody’s report flagging the bank’s exposure to South African government debt as a credit risk. He questioned the accuracy of the data, remarking, “We respectfully wonder what data they were using.” Moody’s had raised concerns over Standard Bank’s approximately R272 billion exposure—around 13% of its total assets […]

14 July, 2025