19 April 2024 Morning Biz News: Highlights and Financial Indicators

19 April 2024 Morning Biz News: Highlights and Financial Indicators

1. Namibia's Green Industrialization Drive: Namibia is at the forefront of a pioneering effort to repurpose its rail assets, with the aim of driving green industrialization. James Mnyupe, Green Hydrogen Commissioner, emphasizes the country's strategic geographic location and abundant renewable energy sources as key drivers for sustainable economic development. 2. Job Cuts in South Africa's Mining Sector: Sibanye Stillwater has announced plans to shutter its 4 Belt shaft at Marikana, […]

April 19, 2024 13

World

U.S vetoes Palestine’s bid to join U.N

Palestine has not been admitted to the United Nations as a full member, following a Security Council vote. The United States vetoed the bid - as was widely expected. Twelve nations in the 15-member council voted for the resolution, and two countries - the United Kingdom and Switzerland, abstained. Earlier, U.N Secretary General Antonio Guterres said six months of war has made Gaza a "humanitarian hellscape" and repeated calls for […]

April 19, 2024 20

Namibia

Unchanged repo rate still a challenge for many civil servants’ cost of living

The government has disclosed that the wage bill for the upcoming financial year amounts to N$35.4 billion, encompassing benefits and a 5% raise for civil servants, as outlined in its 2024/25 budget. The allocation is intended to cover the salaries of 107,000 civil servants. Dr. Basilius Kasera, a Professor in Human Sciences at UNAm, provides insights on the matter.

April 19, 2024 62

World

U.S imposes sanctions on Iran over Israel attack

U.S President Joseph Biden has announced a new set of sanctions on Iran following its unprecedented attack on Israel over the weekend. The sanctions are focused on Iran's drone manufacturers and steel industry. Nick Harper reports from Washington.

April 19, 2024 33

Namibia

Gobabis Municipality Councillors in Arrears with Residents’ Services Suspended

Five councillors of the Gobabis municipality collectively owe the town over N$650,000, while services for residents with overdue accounts are being suspended concurrently. Gobabis Chief Executive Sophia Eises confirmed the municipality's practice of cutting off services to residents in arrears, stating that this is a routine measure unless payment arrangements are made. However, Eises declined to comment on the councillors' outstanding debts. Reports indicate the mayor, her deputy, and three […]

April 19, 2024 19

Uncategorized

S.A’s UDM says government needs to urgently implement full strategies for disaster preparedness and response

S.A's UDM says government needs to urgently implement full strategies for disaster preparedness and response, and make South Africans more aware of the implications of natural disasters. This comes as heavy rains battered KwaZulu-Natal leaving five dead in Margate earlier this week. UDM’s secretary-general, Yongama Zigebe, says the government must also increase investment in infrastructure to withstand the growing threat of extreme weather events linked to climate change:

April 18, 2024 16

Namibia

European Union Launches Early Childhood Development Reform in Namibia

The European Union Delegation to Namibia inaugurated an Early Childhood Development Reform Programme at the Harmony ECD Centre in the Mix settlement on the outskirts of Windhoek on Wednesday. This initiative, a flagship EU program, focuses on enhancing early childhood development and pre-primary education to foster a well-educated and skilled society in Namibia. Ana Martins, EU Ambassador to Namibia, emphasized the pressing need for improved access to ECD and pre-primary […]

April 18, 2024 18

Namibia

Bannerman Mining Resources Begins Construction at Etango Uranium Project

Bannerman Mining Resources Namibia has initiated construction at its flagship project, the Etango Uranium Project, following the issuance of a mining license by the Ministry of Mines and Energy in December 2023. Bannerman Managing Director Werner Ewald announced that construction activities have commenced, with mining operations slated to begin in 2027. The company has awarded contracts for essential infrastructure, including a pipeline and access road, and aims to secure funding […]

April 18, 2024 47

World

U.S reimposes sanctions on Venezuelan oil industry

The U.S government is reimposing sanctions against Venezuela's oil industry that it eased 6 months ago. It comes after Caracas put restrictions on opposition candidates trying to run in this year's presidential election. Nick Harper reports from Washington.

April 18, 2024 23