insert_link South Africa S.A President Ramaphosa Highlights Basic Needs as Top Priorities S.A's President, Cyril Ramaphosa says people's primary aspirations are adequate food, water, affordable electricity, and decent housing. In his inauguration speech, he affirmed the government's commitment to enhancing living standards and ensuring equitable access to vital services. According to Ramaphosa, socio-economic development and the fulfilment of basic rights are pivotal objectives for his second term, signalling a strong resolve to address critical issues affecting South Africans: todayJune 20, 2024 12
insert_link Business / Economics US company Nvidia becomes most valuable public company Nvidia has overtaken Microsoft and Apple to become the world's most valuable public company.The computer chip maker — at the heart of the artificial intelligence boom — now has an overall market valuation of $3.34 trillion USD. Benji Hyer reports. todayJune 20, 2024 14
insert_link Africa Nigeria’s Aiteo Halts Production at Nembe Creek Facility Due to Oil Leak Nigerian energy company, Aiteo has ceased all oil production at its Nembe Creek facility, which produces nearly 50,000 barrels per day, following the detection of a leak, the company announced on Wednesday. Reuters reports that Aiteo Eastern E&P reported that the leak was discovered during routine operations on Monday in the Nembe area of Bayelsa state, known for severe pollution from decades of oil spills impacting agriculture and fishing. todayJune 20, 2024 50
insert_link South Africa Optimism and Caution as South Africa’s Unity Government Takes Shape Investors are hopeful that South Africa's new unity government will implement stable economic policies to spur growth but remain cautious about the coalition's ability to reconcile significant ideological differences as reported by Reuters. After failing to secure a parliamentary majority in last month's national elections, the African National Congress, which has ruled since the end of apartheid in 1994, has formed an alliance with the pro-business Democratic Alliance and smaller […] todayJune 20, 2024 19
insert_link Africa Egypt Accused of Unlawful Deportations of Sudanese Refugees Reuters reports that Egypt has conducted mass arrests and unlawful deportations of thousands of refugees fleeing the war in Sudan, according to an Amnesty International report released on Wednesday. The rights group documented 12 incidents between January and March this year, where Egyptian authorities deported approximately 800 Sudanese nationals without allowing them to seek asylum or contest deportation decisions. todayJune 20, 2024 8
insert_link Business / Economics Namibia Hosts Aviation Development Africa Conference With Highlights Airport Real Estate Importance Namibia is currently hosting the Aviation Development Africa Conference in its capital, with the first day emphasizing the critical role of airport real estate and factors that appeal to investors in this sector, alongside other key topics.We spoke with Toska Sem, the Executive Director of the Namibia Civil Aviation Authority. todayJune 20, 2024 33
insert_link World U.N investigation finds Israel and Hamas responsible for war crimes An Independent U.N investigations team that's found Israel committed war crimes in Gaza has officially presented its findings to the Human Rights Council. The UN Independent International Commission of Inquiry on the Occupied Palestinian Territory headed by Navi Pillay investigated the military attacks in Gaza since 7 October last year. It also says Hamas is responsible for war crimes committed in Israel. Jody Jacobs reports from the United Nations in […] todayJune 20, 2024 16
insert_link Business / Economics 20 June 2024 Morning Biz News: Global Economic Pulse: Trade Deficits Rise, Inflation Steady, and Strategic Investments in Energy Sector In the dynamic landscape of global finance, several key developments have emerged recently that underscore significant trends and economic indicators across various regions. Here's a roundup of the latest updates: 1. Namibia Faces Growing Trade Deficit The Bank of Namibia's recent report highlights a concerning trend for the country's economy. Governor Johannes !Gawaxab announced a notable increase in Namibia's merchandise trade deficit, which has surged to N$13.5 billion in […] todayJune 20, 2024 18
insert_link South Africa S.A’s Ramaphosa Pledges to Improve Living Conditions in Second Term On Wednesday, a weakened South African President Cyril Ramaphosa vowed that his new multi-party government would enhance basic living conditions for all citizens as he was sworn in for a second term. Ramaphosa's African National Congress will share power with five other parties after losing its parliamentary majority for the first time in 30 years in the May 29 election. todayJune 20, 2024 10
