insert_link World Boeing chief to step down Boeing's chief executive has announced that he will step down from his position at the end of the year. The move comes amid growing concerns over the safety of its planes. William Denselow reports from New York. todayMarch 26, 2024 23
insert_link Namibia Industrialisation and Trade minister emphasizes the unique competitive advantages present in every region of Namibia The Industrialisation and Trade minister emphasized the unique competitive advantages present in every region of Namibia during a consultative meeting held in Oshakati on Monday. Lucia Iipumbu, highlighted the importance of leveraging these strengths to bolster the nation's economy. Discussions at the meeting revolved around key legislative frameworks such as the Special Economic Zone Bill, the National Informal Economy, Startups and Entrepreneurship Development Policy, the Namibia Investment Promotion and Facilitation […] todayMarch 26, 2024 19
insert_link South Africa UN Security Council Resolution on Gaza Welcomed by South Africa’s Minister South Africa's Minister of International Relations and Cooperation, Naledi Pandor, has praised the recent UN Security Council resolution calling for an immediate ceasefire in Gaza during Ramadan. The resolution also urges the release of hostages and increased aid flow. While fourteen members voted in favor, the US abstained. Pandor reiterated South Africa's longstanding support for a Gaza ceasefire. todayMarch 26, 2024 10
insert_link South Africa SAP to Pay 500-Million-Rand Settlement to SIU Over Corrupt Eskom Contracts German software giant SAP has agreed to pay the Special Investigating Unit 500 million rand within seven days concerning corrupt contracts at Eskom. The SIU states that the settlement arises from two Eskom contracts, valued at around 1.1 billion rand, awarded to SAP between 2013 and 2016. The Special Tribunal has declared the contracts constitutionally invalid, following an investigation that revealed they were entered into illegally. The SIU emphasizes that […] todayMarch 26, 2024 7
insert_link World UK Sanctions Chinese Company and Two Individuals Over Cyber Attacks The UK government has unveiled new sanctions in response to cyber attacks it says were carried out by hackers linked to the Chinese State. A company and two individuals said to be connected to a Chinese state-affiliated group have been sanctioned, over hacking campaigns targeting British lawmakers. The Chinese Embassy has rejected the claims. Simon Gaitán reports. todayMarch 26, 2024 15
insert_link Business / Economics 26 March 2024 Morning Biz News: Financial Updates: Insights into Market Developments 1. Capricorn Group to Increase Stake in Paratus Telecom Capricorn Group, a prominent entity listed on the Namibian Stock Exchange, has announced its intention to elevate its ownership share in Paratus Telecom. Currently holding a 31% stake in the telecommunications company, Capricorn Group aims to bolster its position to 36% by the conclusion of the year. This move underscores Capricorn's confidence in Paratus Telecom's robust growth potential within the […] todayMarch 26, 2024 18
insert_link Namibia Expert Emphasizes Transparency as Key in State-Owned Enterprises Independent business researcher Josef Sheehama has underscored the paramount significance of transparency in state-owned enterprises, commonly referred to as parastatals. Addressing the matter, Sheehama pointed out the clear connection between the absence of transparency and the widespread occurrence of corruption within these organizations. todayMarch 26, 2024 16
insert_link World UNSC finally approves a ceasefire resolution The United Nations Security Council has adopted a Gaza ceasefire resolution on Monday. The resolution was drafted by the elective members of the council and calls for an immediate ceasefire for Ramadan. Jody Jacobs reports from the United Nations in New York. todayMarch 26, 2024 5
insert_link Namibia Senegal’s Next President Emerges as Opposition Candidate and Secures Victory as local analyst weighs in Opposition candidate Bassirou Diomaye Faye is on track to become Senegal's next president after his rival from the ruling coalition conceded defeat. Initial results suggest that Faye, aged 44, may have won an outright majority in the delayed presidential election. Despite initially suggesting a runoff, ruling coalition candidate Amadou Ba, aged 62, later congratulated Faye, indicating a peaceful transition of power. Local public policy analyst Dr. Marius Kudumo provides insights […] todayMarch 26, 2024 14
