insert_link Africa Malawi Mourns Vice-President Saulos Chilima and Others in Military Aircraft Crash Malawi is mourning the loss of Vice-President, Saulos Chilima and nine others who died in a military aircraft crash. President Lazarus Chakwera confirmed the tragic news during a media briefing, following the discovery of the wreckage in Chikangawa Forest, Mzimba. Chilima and the others were traveling to attend the burial of former cabinet minister Ralph Kasambara. President Chakwera extended his condolences to the families and loved ones of the victims. todayJune 12, 2024 49
insert_link Business / Economics Trustco Converts Debt to Equity, Plans $100 Million US Capital Raise Trustco Group Holdings Limited is converting 4.4 billion Namibian Dollars of debt into equity, setting the stage for a planned $100 million US capital raise. This involves exchanging debt owed to Next Capital and Dr. Quinton van Rooyen for new Trustco shares at a premium, anticipated to enhance Trustco's net asset value by approximately 1.5 billion Namibian Dollars. Deputy CEO, Quinton Van Rooyen Junior provided insights into the development. todayJune 12, 2024 39
insert_link South Africa Democratic Alliance In SA Endorses Leadership in Coalition Negotiations The DA's federal council has unanimously endorsed a resolution supporting leader John Steenhuisen and the party's negotiating team in the formation of national and provincial governments. According to News24, the resolution prioritizes upholding the Constitution, ensuring stability, and promoting economic growth. Final decisions regarding coalitions and government formations will rest with the federal executive. DA spokesperson Solly Malatsi reiterated the party's dedication to working with other parties to establish stable […] todayJune 12, 2024 12
insert_link Business / Economics 12 June 2024 Morning Biz News: “Market Dynamics Shift: Vitol Divests, Rand Strengthens, Nigeria Explores LNG, Dollar Steadies” Fair Competition Ensured as Vitol Emerald Bidco Divests from Service Stations in Namibia In a move to uphold fair competition in Namibia's fuel market, Vitol Emerald Bidco (Pty) Ltd has announced its decision to divest from 58 Engen and Shell service stations. This decision comes in the wake of its acquisition of Engen Ltd and is in compliance with conditions set by the Namibian Competition Commission. The aim behind this […] todayJune 12, 2024 16
insert_link South Africa UN Human Rights Office warns of possible war crime violations in Gaza The United Nations Human Rights Office has expressed concern about possible war crime violations by Israeli forces over the weekend. IDF troops raided the Nuseirat refugee camp and freed at least four hostages being held captive. It also cautioned Palestinian armed groups holding hostages near densely populated urban areas. As Jody Jacobs reports. todayJune 12, 2024 9
insert_link Namibia ICT Minister Urges SIM Card Registration to Prevent Number Loss ICT Minister, Emma Theofelus, has urged mobile users to register their SIM cards by June 30, 2024, to avoid permanent cancellation and resale of their numbers. Despite a grace period following temporary disconnections, many users remain unregistered. The Communications Regulatory Authority of Namibia previously suspended close to 600 thousand unregistered SIM cards. Paratus Telecommunications and UCOM have fully registered their clients, while Telecom Namibia and Mobile Telecommunications Limited have reached […] todayJune 12, 2024 9
insert_link South Africa Western Cape High Court Rejects EFF’s Bid to Invalidate National Assembly Rules Western Cape's High Court has dismissed the EFF’s application to invalidate the National Assembly rules that saw the legislative body take action against six party members. Last year, the members, including leader Julius Malema and deputy president Floyd Shivambu, stormed the stage while president Cyril Ramaphosa delivered the State of the Nation Address. They were found guilty of contempt of Parliament and suspended for 30 days with no pay. The […] todayJune 11, 2024 13
insert_link World India’s new Cabinet hold first meeting as Modi begins third term India's new Cabinet held its first meeting on Monday evening as prime minister Narendra Modi began his third term in office. The allocation of ministries was announced. This follows a surprise election result in which Modi's party failed to secure an outright majority and had to lean on its coalition partners to form a government. Rebecca Bundhun reports. todayJune 11, 2024 19
insert_link Namibia Debmarine Namibia Donates Haemodialysis Equipment to Oshakati Hospital Debmarine Namibia contributed haemodialysis equipment worth N$1,764,069 to Oshakati Intermediate Hospital, easing the burden on resources. Health Minister, Kalumbi Shangula noted 133 new haemodialysis cases managed in 2023/24, with equipment aiding treatment. The donation includes machines, tables, chairs, and a reverse osmosis machine. Shangula emphasized the equipment's role in enhancing patient care. Debmarine CEO Willy Mertens highlighted the vital importance of haemodialysis machines in treating severe kidney failure and expressed […] todayJune 11, 2024 14
