Development Bank of Namibia Reports N$62 Million Profit Amidst Job Creation Efforts

Development Bank of Namibia Reports N$62 Million Profit Amidst Job Creation Efforts

The Development Bank of Namibia has announced an investment of over N$21 billion towards the country's development, resulting in the creation of more than 76,000 jobs since its establishment 20 years ago. For the FY2023/2024, according to reports by The Brief, the bank reported a net operating profit of N$62 million, a significant recovery from the N$270 million loss in 2022. Although the bank aimed for a N$100 million profit, […]

November 1, 2024 9

Business / Economics

MSC Cruises Welcomes 42 Namibians to Its Onboard Team

Over 40 locals have landed jobs with MSC Cruises following a recruitment initiative launched in collaboration with the Namibia Investment Promotion and Development Board in June. The Brief says NIPDB announced that 42 candidates received letters of intent and are preparing to join the cruise line's fleet between November 2024 and January 2025. Positions include roles in hospitality, business administration, beauty and wellness, housekeeping, sales, and culinary services. This initiative […]

November 1, 2024 7

South Africa

South Africa’s DA Calls for Reopening of Inquiry into Thabo Bester’s Escape

The DA has urged Parliament to reopen its inquiry into the escape of convicted rapist and murderer Thabo Bester. The party has expressed frustration over the limited findings of the Public Protector's investigation into Bester's escape from Mangaung Correctional Centre in the Free State in May 2022. The DA’s Janho Engelbrecht criticised the report's limited scope, stating that it fails to hold all responsible parties accountable:

November 1, 2024 16

World

Hundreds of troops help search effort after devastating floods in eastern Spain

Search and rescue teams are still looking for missing people after devastating flash flooding in eastern Spain. At least 95 people have been confirmed as dead so far. Our southern Europe correspondent Giles Gibson has more.

November 1, 2024 12

Namibia

Nkurenkuru Town Council Receives Adverse Audit Report Amid Financial Irregularities

The Auditor-General’s latest report on the Nkurenkuru Town Council has issued an adverse audit opinion for the financial year ending 30 June 2023. Key findings include improper revenue recognition for land sales, overstatements in infrastructure projects, VAT discrepancies, and issues with trade receivables. Additionally, the Council implemented a travel allowance policy against ministerial advice. Recommendations were given to improve compliance with accounting standards and ensure accurate financial reporting.

November 1, 2024 8

Namibia

INTERVIEW: Omar van Reenen Reflects on Kofi Annan NextGen Democracy Prize

In a groundbreaking moment for LGBTQI+ rights in Namibia, Omar van Reenen has been awarded the prestigious Kofi Annan NextGen Democracy Prize. This honor recognizes young leaders worldwide for their dedication to safeguarding democracy and human rights. In an exclusive interview, van Reenen shared his thoughts on receiving this award, its significance for the LGBTQI+ community, and his plans moving forward. Van Reenen expressed his gratitude for being nominated by […]

November 1, 2024 7

Namibia

Historic Win for Namibian LGBTQI+ Activist

Omar van Reenen, a prominent Namibian LGBTQI+ activist, has made history by becoming the first advocate for LGBTQI+ rights to win the Kofi Annan NextGen Democracy Prize in Athens, Greece. This prestigious award honors young leaders globally who demonstrate exceptional commitment to promoting democracy and human rights. Van Reenen's activism in Namibia includes efforts to advocate for protective LGBTQI+ laws, challenge discriminatory policies, and mobilize public support for queer rights. […]

November 1, 2024 17

World

Elon Musk can continue cash prizes following judge ruling

Elon Musk can continue to give away money to US voters, following a ruling from a Philadelphia judge. The billionaire is facing a lawsuit over the controversial million-dollar prizes he's awarded to swing state voters. Legal action has been put on hold. Musk, who is publicly backing Republican nominee Donald Trump, denies any wrongdoing. Sally Patterson has more.

November 1, 2024 14

Africa

Kenya High Court Lifts Bar on Deputy President Swearing-In

Kenya’s High Court has lifted a ban on the swearing-in of Deputy President Kithure Kindiki, allowing him to assume office despite ongoing legal challenges by his impeached predecessor, Rigathi Gachagua. CNBCAfrica indicates that Judge Anthony Mrima emphasized the need to fill the deputy president position, though the ruling can be appealed to the Supreme Court.

November 1, 2024 3