insert_link Business / Economics Namibia Sees Surge in Private Sector Credit Extension in May 2024 In May, private sector credit extension in Namibia rose to 3.2% year-on-year, up from 1.6% in April 2024 and 1.5% in May 2023, marking the highest increase this year and the highest since March 2023. Simonis Storm attributes this growth primarily to increased corporate demand, which surged to 4.7% year-on-year in May 2024, compared to 0.6% in April and a contraction of -3.4% in May 2023. Simonis Storm's Economist, Halleluya […] todayJuly 2, 2024 25
insert_link World Zelensky renews plea to use ATACMS inside Russian territory After a series of deadly attacks against Ukrainian cities over the weekend, Ukrainian president Volodymyr Zelensky reiterated calls to loosen restrictions on the use of long-range American missiles against targets inside Russian territory. Megumi Lim reports from Kyiv. todayJuly 2, 2024 28
insert_link Namibia Bank of Namibia Introduces Universal Instant Payment Programme for Enhanced Financial Access The Bank of Namibia hosted the industry kick-off for the Instant Payment Programme, a major initiative to improve financial inclusion and accessibility nationwide. The Instant Payment Solution, compatible with any device including non-smartphones, aims to ensure that vendors, taxi drivers, pensioners, and small business owners can use it easily. Sandra Garises, the Bank's principal communication officer. todayJuly 2, 2024 42
insert_link World Trump celebrates Supreme Court “big win” The US Supreme Court has granted former President Donald Trump limited immunity from prosecution for official acts taken while in office. The justices' landmark ruling on Monday, by a 6-3 margin, means a potential trial into his alleged attempts to overturn the 2020 election is further postponed. Benji Hyer reports from outside the Court in Washington. todayJuly 2, 2024 23
insert_link South Africa S.A’s Automobile Association Applauds Finalization of President Ramaphosa’s Cabinet for Certainty in Key Departments South Africa's Automobile Association has welcomed the finalisation of president Cyril Ramaphosa's cabinet stating that it brings certainty to key departments. Spokesperson Layton Beard emphasises the need for effective leadership from new Transport minister Barbara Creecy and re-appointed Mineral Resources and Energy minister Gwede Mantashe. Beard highlights the importance of improving public transport, road safety, and fuel pricing. He calls for collaboration with civil organisations to address these critical issues: […] todayJuly 2, 2024 11
insert_link Namibia City of Windhoek Accused of Concealing Faulty Billing System The City of Windhoek is facing allegations of concealing a malfunctioning billing system for more than two years, resulting in billing discrepancies, including a case where a client's water bill spiked to N$1 million within a month. The controversy, reportedly kept confidential by city officials, also involves the mysterious erasure of a N$90,000 municipal account bill. Despite a court ruling favoring the client with the N$1 million bill, residents continue […] todayJuly 2, 2024 77
insert_link Namibia “People’s General” Resigns from Namibia Economic Freedom Fighters In a surprising announcement late last week, Michael Saddam Amushelelo, widely known as the "People's General" within the country, declared his resignation from the Namibia Economic Freedom Fighters . Amushelelo, assured the nation of his continued leadership and commitment to advancing the interests of the people. His departure from NEFF marks a significant turn in the political landscape as he pledges to persist in his advocacy for economic justice and […] todayJuly 1, 2024 30
insert_link World Hong Kong marks 27 years since handover back to Chinese rule Hong Kong marks 27 years since the former British colony was returned to Chinese rule. The city's leader John Lee said the enactment of the domestic security law was a major achievement and the city was going from strength to strength despite the US and Western countries "bullying" the city's development. Laura Westbrook has more. todayJuly 1, 2024 10
insert_link South Africa DA Assumes Major Role in National Government And Promises Governance Excellence The DA says it is proud to rise to the challenge and take its place at the seat of national government for the first time. The party has secured six ministries and six deputy ministers in the new cabinet. These include leader John Steenhuisen as minister of Agriculture, Siviwe Gwarube as Basic Education minister and Leon Schreiber as the minister of Home Affairs. Steenhuisen says they are ready to introduce […] todayJuly 1, 2024 17
