insert_link 2 Business / Economics Local Economics Analyst on Namibia’s Record-Breaking N$100.1 Billion Budget Unveiled by Finance Minister Shiimi Finance and Public Enterprises Minister Iipumbu Shiimi presented Namibia's largest-ever annual budget on Wednesday, outlining a projected government spending of N$100.1 billion for the 2024/2025 financial year. Cirrus Capital economist Robert McGregor provides insights. todayFebruary 29, 2024 30 2
insert_link Namibia National budget leaves Geingob’s wishes for the elderly as just wishes The announcement made by Finance minister Iipumbu Shiimi during the tabling of the national budget for 2024/25 has dimmed the hopes of many Namibians. Moreover- that of the elderly. This is according to activist Rinaani Musutua. Activist Rosa Namises also weighed in. todayFebruary 29, 2024 19
insert_link Business / Economics 29 February Morning Biz News: Latest Financial Highlights: Government Revenue Projections, Harmony Gold’s Record Dividend, Binance Executives Detained, and Oil Price Decline In the ever-evolving landscape of global finances, several key developments have recently taken place, shaping the economic outlook for the near future. This article delves into the latest financial indicators, exploring government revenue projections, Harmony Gold's historic dividend announcement, the crackdown on cryptocurrency exchanges in Nigeria, and the recent decline in oil prices. Government's Fiscal Initiatives: The Namibian government has unveiled its fiscal year 2024/25 revenue projections, with a […] todayFebruary 29, 2024 2
insert_link World Odysseus lander to be ‘put to sleep’ The team behind the Odysseus spacecraft says their mission has 'changed the economics of landing on the moon'. Speaking on Wednesday, representatives of Intuitive Machines said the lander will be "put to sleep" before being powered up again in the next two to three weeks. Last week it became the first privately developed spacecraft to soft land on the lunar surface. Sally Patterson has more. todayFebruary 29, 2024 3
insert_link Namibia Controversy Surrounds Finance Minister Shiimi Over Alleged Election-Focused N$100 Billion Budget Finance Minister Iipumbu Shiimi is under scrutiny for presenting a budget accused of targeting pensioners, students, and low-income earners to sway support for the Swapo party in the upcoming elections. The N$100 billion budget, the largest in Namibia's history, is unveiled amid concerns about voter apathy and economic challenges impacting Swapo's electoral prospects. Minister Shiimi defended the budget, stressing its pro-poor focus and intention to stimulate development and infrastructure projects. todayFebruary 29, 2024 5
insert_link World Trial date set for Alec Baldwin’s manslaughter trial Actor Alec Baldwin will go on trial in July after being charged in the fatal shooting of a cinematographer during a rehearsal on a movie set in New Mexico. Prosecutors dismissed the charges against Baldwin in April 2023 but then again indicted Baldwin in January this year after prosecutors received new analysis of the gun. The actor could face up to 18 months in prison if convicted in this first […] todayFebruary 28, 2024 13
insert_link Namibia Crocodile Attack Claims Life of 14-Year-Old in Kavango East Region The Namibian Police Force in the Kavango East Region has reported yet another heartbreaking incident of a crocodile attack, resulting in the loss of a young life. Deputy Commissioner Eino Nambahu, acting as the regional commander, disclosed that 14-year-old Edward Mwambu Katjire fell victim to a crocodile on Sunday. The incident occurred at Shadjunu village along the Kavango River, where Katjire, accompanied by a friend, went for fishing and bathing. […] todayFebruary 28, 2024 29
insert_link South Africa GOOD Party Joins Opposition in Motion Against DA Mayor Amid Allegations The GOOD Party in South Africa has collaborated with other opposition parties to submit a motion of no confidence against DA-Drakenstein mayor Conrad Poole. The move comes in the wake of allegations suggesting Poole's involvement in a pay-for-jobs scheme, where councillors allegedly paid kickbacks for lucrative mayoral committee positions. Keagen Gertse, representing the GOOD Party, states that the motion, scheduled for council hearing today, is a collective effort by the […] todayFebruary 28, 2024 16
insert_link Namibia Bail Granted for Second Suspect in Onhokolo Market Theft Case Matheus Amukoshi, the second suspect implicated in the Onhokolo Market theft at Endola, involving the alleged theft of N$365,000, has been granted bail of N$5,000 following his initial court appearance at the Oshakati Magistrate’s Court. Amukoshi, 29, faces a theft charge alongside co-accused Olivia Kashamba, a 30-year-old Onhokolo Market employee, who was previously granted bail of N$5,000 during her first court appearance earlier this month. Magistrate Siegfried Geiseb has postponed […] todayFebruary 28, 2024 5
