Business / Economics Future Media News speaks to Ambassador Albertus Aochamub on Namibia’s Participation in MACFRUT 2024 https://youtu.be/z2TSnH37w9s?si=9TT_1YjinCIF4N8N In this insightful interview, Future Media News's Angie Scholtz speaks with Albertus Aochamub, Namibia's Ambassador to France, Spain, Italy, Portugal, Morocco, and Permanent Delegate to UNESCO. They discuss Namibia's upcoming participation in MACFRUT 2024, where the Namibia Investment Promotion and Development Board (NIPDB) will lead a delegation to showcase the country's fresh produce potential at Rimini Expo Centre, Italy, from 8-10 May 2024. Discover how Namibia aims […] todayMay 7, 2024 49
insert_link Business / Economics 7 May 2024 Morning Biz News: RWCo GmbH Remains Determined in Ohorongo Cement Acquisition Despite Regulatory Hurdles In the intricate world of business acquisitions, perseverance often defines success. RWCo GmbH, despite facing setbacks in its bid to acquire Ohorongo Cement for a staggering N$2 billion, continues to press forward with determination. The journey has been fraught with challenges, particularly concerning regulatory issues, including complications with the Namibian Competition Commission. However, recent developments indicate that RWCo GmbH remains undeterred in its pursuit. According to insights from The Brief, […] todayMay 7, 2024 27
insert_link Business / Economics EXCLUSIVE: Independent Business And Economics Researcher, Josef Kefas Sheehama on Shell’s Potential Departure from South Africa: Implications and Opportunities As the global economic landscape continues to shift, recent developments have put South Africa and its neighboring countries on high alert. Josef Kefas Sheehama, an Independent Business and Economics Researcher, sheds light on the imminent withdrawal of Shell from South Africa after a remarkable 122-year presence. In a recent interview, Sheehama outlined the potential repercussions and highlighted opportunities for South Africa and Namibia amidst this transition. Sheehama emphasizes the magnitude […] todayMay 7, 2024 34
insert_link Africa Enough With the Veto, Mozambique Vents to the ‘P5’ Security Council Members Ambassador Pedro Comissário of Mozambique leads the UN Security Council in May. He said: The “veto should have never been allowed in cases of flagrant violation of international humanitarian law as we are witnessing in Gaza at this moment.” JOHN PENNEY/PASSBLUE By Damilola Banjo The veto power of the five permanent United Nations Security Council members is the bane of countless failed resolutions across decades. Now, Mozambique’s ambassador […] todayMay 6, 2024 14
insert_link Africa Nigeria’s minimum wage has never protected workers from poverty: here’s why By Stephen Onyeiwu, Allegheny College Wages have become the top issue for Nigeria’s organised labour movements in the past year. Reacting to recent increases in the cost of living, the labour movement has been calling for an upward review of the national minimum wage, currently N30,000 (US$24) a month. The Conversation’s Adejuwon Soyinka asks economics professor Stephen Onyeiwu if Nigeria’s minimum wage truly protects workers from poverty. […] todayMay 6, 2024 25
insert_link Business / Economics Namibia bets on Africa’s green hydrogen with US$267M export harbour By Seth Onyango, bird story agency Namibia is gearing up its logistics infrastructure to handle future shipments of green hydrogen, with a planned US$267 million hydrogen harbour at the port of Walvis Bay, according to the country's port authority, Namport. Port of Antwerp Bruges will build the facility over the next three years, billed as a hub for shipping hydrogen and its byproducts to energy-hungry markets in […] todayMay 6, 2024 26
insert_link Business / Economics South Africa’s national student financial aid scheme has helped millions but is in trouble: here’s why South Africa’s minister of higher education and training, Blade Nzimande. Darren Stewart/Gallo Images via Getty Images By Thandi Lewin, University of Johannesburg The board of South Africa’s National Student Financial Aid Scheme (NSFAS) has been dissolved by the country’s higher education and training minister, Blade Nzimande, and the organisation placed under administration. Nzimande made the decision because of “(the problem of) non-payment of (students’) allowances”. Thandi Lewin is […] todayMay 6, 2024 22
insert_link Africa African countries can’t resolve their debt crisis under a system rigged against them By Carlos Lopes, University of Cape Town The debt situation in many African countries has escalated again to a critical juncture. Twenty are in, or at risk of, debt distress. Three pivotal elements significantly contribute to this. Firstly, the rules governing the international banking system favour developed countries and work against the interests of African countries. Secondly, multilateral financial institutions such as the International Monetary Fund […] todayMay 6, 2024 12
insert_link Business / Economics Shell Contemplates Exiting South Africa Amid Strained Partnership Reports suggest that Shell, one of the largest fuel and energy companies in the country, is considering withdrawing from South Africa due to a deteriorating relationship with its BEE partner. Shell, which has been operational in South Africa for 122 years, has partnered with Thebe Investment Corporation for the past 22 years. However, tensions arose when Thebe decided to exercise its option to sell its 28% stake in Shell Downstream […] todayMay 6, 2024 75