FUTURE MEDIA NAMIBIA Archives - Page 123 of 448

1-8 August Weekly Economic Wrap: Mining Growth in Namibia, South African Refinery Deal, and Global Currency Fluctuations

Namibian Highlights: Mining Sector Growth: Research by Simonis Storm reveals an 18.2% increase in the real value added by Namibia's mining and quarrying sector for Q1 2024. This growth has elevated its contribution to Namibia's GDP from 0.6% in 2015 to 1.4% today, attributed to continued investments in oil and gas activities. Nedbank's Avo SuperShop Expansion: Since its launch in late 2023, Nedbank's Avo SuperShop has attracted over 1,800 users […]

8 August, 2024

World

Man sentenced to prison for attack on Danish Prime Minister

A man has been sentenced to prison time after attacking Denmark's Prime Minister last June. Police believe the attack was not politically motivated. Alex Cadier reports from Brussels.

8 August, 2024

Africa

Seven Polish Nationals Arrested in Nigeria for Raising Russian Flags During Protests

Reuters says Nigeria arrested seven Polish nationals for raising Russian flags during anti-government protests in Kano, according to state security service spokesperson Peter Afunanya. Since August 1, hundreds of thousands of Nigerians have protested against President Bola Tinubu's economic reforms, which include cutting petrol and electricity subsidies, devaluing the currency, and facing the highest inflation in three decades.

8 August, 2024

Africa

U.S. Pledges $414 Million in Humanitarian Aid for DRC

The U.S. announced it would provide nearly $414 million in humanitarian assistance for the Democratic Republic of Congo and according to Reuters, over 25 million people are in need of aid. U.S. Ambassador to the UN Agencies for Food and Agriculture, Jeffrey Prescott, stated that a significant portion of this funding will support UN agencies and aid groups offering urgent food assistance, healthcare, nutrition, shelter, water, sanitation, and hygiene.

8 August, 2024

Business / Economics

8 August 2024 Morning Biz News: Namibia Sees Surge in Exploration Licenses, JSE Shows Signs of Revival, MTN Faces Financial Hurdles, and Oil Prices Rebound

Surge in Exploration Activity in Namibia The Ministry of Mines and Energy has reported a remarkable increase in exploration activity, with over 600 new license applications submitted by December 2023. This upward trend has continued into 2024, with an additional 400 applications, bringing the total number of applications to over 1,000. Minister Tom Alweendo has highlighted this influx as a positive indicator of growing confidence in Namibia's mineral potential. The […]

8 August, 2024

Namibia

Government Alerts Citizens Amid UK Riots

Government is closely monitoring the unrest in several UK cities, including London, Birmingham, Liverpool, and Manchester, where anti-immigrant riots have led to looting, arson, and clashes with police. Namibian citizens in the UK or planning to travel there are advised to exercise extreme caution and avoid areas affected by the protests. Ambassador Sabine Böhlke-Möller Acting Executive Director of the Ministry.

8 August, 2024

Science & Technology

Starliner astronauts may be stuck in space until 2025

Two NASA astronauts who piloted Boeing's Starliner spacecraft into orbit may not be able to return to earth until 2025. They have already been in space for seven weeks longer than planned. Nick Harper reports.

8 August, 2024

Namibia

President Mbumba Inaugurates Khorixas VTC

President Nangolo Mbumba inaugurated the Khorixas Vocational Training Centre in Kunene, marking a key regional development. Funded by the Namibia Training Authority and the Ministry of Higher Education, the centre will offer courses in Bricklaying, Joinery, Plumbing, and Air Conditioning starting in September. Mbumba underscored the community’s calls for economic improvement and the government’s commitment to expanding vocational training. Minister Itah Kandji-Murangi praised youth involvement and outlined plans for future […]

8 August, 2024

Business / Economics

Govan Mbeki Lecture Highlights Need for African Infrastructure Upgrades

In S.A, The annual Govan Mbeki Lecture at the Nelson Mandela University in Gqeberha emphasised the importance of African infrastructure upgrades for industrialisation. Speaking at the lecture, Volkswagen Group South Africa's managing director , Martina Biene said the African Free Trade Agreement is seen as a strategic move to boost intra-African trade and position Africa as an industrial hub:

8 August, 2024