insert_link Namibia ‘Nine’ Masule and 10 Others Stage Daring Prison Escape in Katima Mulilo A notorious escape artist 'Nine' Masule and 10 fellow inmates broke free from Katima Mulilo's prison. Namibian Police Force spokesperson Inspector Kisco Sitali reported that the group used an unidentified object to cut through the cell roof before fleeing. While three were swiftly re-apprehended on Monday, the remaining eight, including Masule, remain at large. All escapees, awaiting trial for charges ranging from housebreaking to robbery, are considered dangerous. Masule, serving […] todayApril 16, 2024 146
insert_link World Donald Trump is in court for the start of his criminal hush money trial Donald Trump is in court for the start of his criminal hush money trial. He is accused of paying hush money to a porn star ahead of the 2016 presidential election. Trump is now the first former president to face a criminal trial. William Denselow reports from outside the courthouse in lower Manhattan. todayApril 16, 2024 17
insert_link World Antonio Guterres says “The world is forgetting about the people of Sudan” United Nations Secretary General, Antonio Guterres says the people of Sudan need peace. He was speaking in New York on Monday marking one year since fighting broke out between the Sudanese Armed Forces and the rebel paramilitary Rapid Support Forces. Jody Jacobs has more from the United Nations. todayApril 16, 2024 12
insert_link Business / Economics Bank of Namibia Monetary Policy Committee Announcement Set for April 17 The upcoming Bank of Namibia Monetary Policy Committee announcement is slated for April 17. Notably, the Bank of Namibia's most recent interest rate decision maintained the Repo Rate at 7.75 percent. In comparison, the South African Reserve Bank's repo rate presently sits at 8.25 percent. Economist Robert McGregor from Cirrus Capital provided insights into the matter. todayApril 16, 2024 27
insert_link Business / Economics UNam expert talks Rising Cost of Living Challenges The escalating cost of living, both locally in Namibia and worldwide, has presented enduring challenges, making essentials like food and water unaffordable for many. Governments are grappling with aiding citizens in meeting these basic needs on a daily basis. Dr. Basilius Kasera, a faculty member in Human Sciences at UNam, provides his perspective on one possible solution. todayApril 16, 2024 29
insert_link Business / Economics TransNamib Names Desmond Ernst van Jaarsveld as New CEO TransNamib has declared the selection of Desmond Ernst van Jaarsveld as its incoming Chief Executive Officer, commencing tomorrow April 17. Formerly holding the position of managing director at DP World, van Jaarsveld succeeds Webster Gonzo, who has served as the interim CEO since the past year. TransNamib spokesperson Abigail Raubenheimer provided the announcement. todayApril 16, 2024 105
insert_link Business / Economics 16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […] todayApril 16, 2024 30
insert_link Interview Transcripts EXCLUSIVE INTERVIEW: Expert Analysis on Rising Cost of Living: A Conversation with Professor Basilius Kasera In a recent discussion, Professor Basilius Kasera from the University of Namibia sheds light on the pressing issue of rising prices and its implications on the lives of ordinary citizens. The conversation delves into various aspects of the current economic landscape, providing valuable insights into the challenges faced by individuals and families in meeting their basic needs amidst increasing costs. Professor Kasera begins by highlighting the lack of effective […] todayApril 16, 2024 13
insert_link Business / Economics S.A’s Central Energy Fund’s mid-month data predicts petrol prices to increase for the fourth consecutive month in May S.A's Central Energy Fund's mid-month data predicts petrol prices to increase for the fourth consecutive month in May, with an anticipated under-recovery of around 30-cents-per-litre. However, diesel prices are expected to decrease, with an over-recovery of approximately 28-cents-per-litre. The anticipated increase sees 93 octane petrol rising by 30-cents-per-litre and 95 octane by 31-cents-per-litre. Meanwhile, diesel wholesale is expected to have a decrease of 26 to 31-cents-per-litre todayApril 16, 2024 10
