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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

FUTURE MEDIA NAMIBIA

4363 Results / Page 202 of 485

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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 35

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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 16

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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 53

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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 23

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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 9

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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 22

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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 20

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