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FUTURE MEDIA NAMIBIA

3678 Results / Page 125 of 409

Background

Namibia

Government Declares National Emergency Amid Severe Drought, Allocates N$825 Million for Relief

The government has declared a national emergency due to a severe drought and allocated N$825 million for relief efforts. However, Deputy Prime Minister, John Mutorwa announced a funding gap of N$482 million, with the total required amount being N$1.307 billion. Poor rainfall in the 2023/24 season has caused a 53% reduction in crop yields, and the country's dams are only at 55% capacity, exacerbating the water shortage, especially in central […]

todayJune 20, 2024 12

World

900,000 Indian students impacted after government nullifies exams

900,000 students in India are now stuck in limbo after officials scrapped a common entrance exam just a day after the students took the test. Officials say the "integrity of the exam was compromised" - raising concerns about questions leaking ahead of the test. The exam is mandatory for students seeking admissions in PhD programs or looking for teaching roles in federal government run universities. Ishan Garg has more from […]

todayJune 20, 2024 59

Business / Economics

Rössing Uranium Reports Record Performance in 2023

Rössing Uranium's 2023 Sustainability and Performance Report reveals record achievements, with the mine producing 6.4 million pounds and selling 6.9 million pounds of uranium, resulting in N$6.48 billion in revenue, a significant increase from 2022's N$4.84 billion. Key markets included China, North America, and EMEA. Dividends of N$177 million were paid. The mining sector contributed 14.4% to GDP, with over N$21 billion spent on local procurement and N$6.4 billion in […]

todayJune 20, 2024 18

World

Putin arrives in Vietnam for state visit condemned by US

Russian president Vladimir Putin has arrived in Vietnam for talks with its communist leaders on the final stop of his two-nation tour of Asia after signing a defence pact with North Korea's leader, Kim Jong-un. It's his first visit since 2017, but the trip has drawn the ire of its top trade partner, the US. Laura Westbrook has more from Hong Kong.  

todayJune 20, 2024 14

Africa

Five Civilians Killed in Eastern Congo Amid Ongoing Conflict

At least five civilians, including three women and a girl, were killed in a bombardment in eastern Congo's North Kivu province on Wednesday reports Reuters. An army spokesperson accused the M23 rebel group of the attack. This incident highlights the escalating civilian toll from the over two-year conflict between Congolese forces and the Rwanda-backed M23 militia, which has displaced at least 1.5 million people, according to U.N. data.

todayJune 20, 2024 7

Business / Economics

13-20 June 2024 Weekly Economics Wrap: Pupkewitz Tops Affordability, Namibia Holds Rates, and Global Markets Shift

Pupkewitz Megabuild Leads in Affordability According to The Brief's monthly survey for June 2024, Pupkewitz Megabuild has emerged as the most affordable hardware store in Windhoek. This survey, initiated in June 2023, benchmarks the prices of a standardized basket of hardware items across four major stores: Build It, BUCO, Pupkewitz Megabuild, and Ark Trading. Pupkewitz's consistent pricing strategy has positioned it favorably among consumers seeking value for money in their […]

todayJune 20, 2024 11

Business / Economics

Mining Industry Boosts GDP and Local Economy in 2023

Mines and Energy minister, Tom Alweendo, announced that Namibia's mining sector significantly increased its contribution to the GDP to 14.4% in 2023, up from 11.9% in 2022. The industry spent over N$21 billion on local procurement and contributed N$6.4 billion in royalties and taxes, compared to N$4.2 billion the previous year. Employment in the sector reached 18,189, with N$211 million spent on corporate social responsibility. Alweendo emphasized the mining industry's […]

todayJune 20, 2024 28

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