insert_link Business / Economics Trustco increases stake in Legal Shield Holdings Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 468 million. The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted assets acquired encompass Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning […] todayApril 23, 2024 37
insert_link Africa South Africans uncertain about two-pot retirement system The two-pot retirement system comes into effect on 1 September 2024 in South Africa. It allows people to withdraw a portion of their retirement funds before reaching retirement age. The rest will be preserved to sustain them post-retirement. However, many South Africans remain concerned as to how it will work and its impact. We asked Local Pension Fund Expert Arthur Kröhnert for his opinion on the matter. todayApril 23, 2024 27
insert_link Africa Pressure mounts in Mali to nullify military’s political activity suspension Pressure is mounting in Mali on the Supreme Court to nullify the military government's order which seeks to suspend political activities. A group of political parties and civil society organizations have filed an appeal at the top court arguing that the order is repressive. Nabil Ahmed Rufai reports from Accra. todayApril 23, 2024 2
insert_link Entertainment ‘A Story of Bones’ documentary screens at Goethe-Institut The documentary ‘A Story of Bones’ was screened at the Goethe-Institut Namibia, followed by a panel discussion. This is after the documentary was shown around the world since its premiere in New York City in 2022. The film sheds light on the ongoing struggle for the proper memorialisation of the remains of thousands of formerly enslaved Africans in the British Overseas Territory of Saint Helena. Here’s Annina van Neel the […] todayApril 23, 2024 57
insert_link World Five people die attempting to cross the English Channel United Kingdom Rishi Sunak's Rwanda bill will finally become law after a parliamentary showdown ended late in the night. According to the BBC, plans to send some asylum seekers to Africa have met with fierce criticism, but the bill passed on Monday when the Lords dropped their opposition. Sunak said in a statement "Nothing will stand in our way" now of getting flights off the ground". Meanwhile, French authorities say […] todayApril 23, 2024 14
insert_link Namibia One Economy Foundation’s BeFreeMovement hosts ‘Constructive Masculinity Workshop’ The One Economy Foundation’s BeFree Movement will host a 'Constructive Masculinity Workshop' on April 26, 2024. Kaarina Iitah, Head of Programs at One Economy Foundation, says the workshop aims to engage diverse stakeholders and raise awareness about the importance of healthy masculinities in dismantling patriarchal norms. todayApril 23, 2024 46
insert_link Namibia Khomas Region and Jiangsu Province partner on priority areas The Khomas Regional Council has signed a work plan with a delegation from the Jiangsu province of China. The plan focuses on essential priority areas including science, technology, education, culture, sports, health, trade and investment, agriculture, environment protection, tourism, and human resources, in line with the existing twinning partnership. Governor of the Khomas Region Laura McLeod-Katjirua. todayApril 23, 2024 25
insert_link Business / Economics Namibian Competition Commission accuses banks of price-fixing The Namibian Competition Commission has accused the Payments Association of Namibia and several commercial banks of colluding in price-fixing activities related to card transaction fees. According to the Commission, the banks, which are competitors in the market, allegedly colluded with PAN to collectively set interchange fees, a practice deemed anti-competitive and prohibited by law. Here is the NaCC spokesperson Dina //Gowases with more details. todayApril 23, 2024 39
insert_link Business / Economics Capricorn Corner earns ‘Green Building Certification’ The Capricorn Corner building, Capricorn Group's state-of-the-art office facilities in Klein Windhoek, earned EDGE Advanced green building certification, the green building certification from the International Finance Corporation, the private sector arm of the World Bank Group. The certification, presented by EDGE certification partner - Green Business Building Certification Inc. marks the first internationally recognised operational building to be EDGE-certified in Namibia. This achievement also preludes this year's World Earth Day, […] todayApril 22, 2024 44
