insert_link Africa Five Civilians Killed in Eastern Congo Amid Ongoing Conflict At least five civilians, including three women and a girl, were killed in a bombardment in eastern Congo's North Kivu province on Wednesday reports Reuters. An army spokesperson accused the M23 rebel group of the attack. This incident highlights the escalating civilian toll from the over two-year conflict between Congolese forces and the Rwanda-backed M23 militia, which has displaced at least 1.5 million people, according to U.N. data. todayJune 20, 2024 7
insert_link Business / Economics 13-20 June 2024 Weekly Economics Wrap: Pupkewitz Tops Affordability, Namibia Holds Rates, and Global Markets Shift Pupkewitz Megabuild Leads in Affordability According to The Brief's monthly survey for June 2024, Pupkewitz Megabuild has emerged as the most affordable hardware store in Windhoek. This survey, initiated in June 2023, benchmarks the prices of a standardized basket of hardware items across four major stores: Build It, BUCO, Pupkewitz Megabuild, and Ark Trading. Pupkewitz's consistent pricing strategy has positioned it favorably among consumers seeking value for money in their […] todayJune 20, 2024 11
insert_link Business / Economics Mining Industry Boosts GDP and Local Economy in 2023 Mines and Energy minister, Tom Alweendo, announced that Namibia's mining sector significantly increased its contribution to the GDP to 14.4% in 2023, up from 11.9% in 2022. The industry spent over N$21 billion on local procurement and contributed N$6.4 billion in royalties and taxes, compared to N$4.2 billion the previous year. Employment in the sector reached 18,189, with N$211 million spent on corporate social responsibility. Alweendo emphasized the mining industry's […] todayJune 20, 2024 27
insert_link South Africa S.A President Ramaphosa Highlights Basic Needs as Top Priorities S.A's President, Cyril Ramaphosa says people's primary aspirations are adequate food, water, affordable electricity, and decent housing. In his inauguration speech, he affirmed the government's commitment to enhancing living standards and ensuring equitable access to vital services. According to Ramaphosa, socio-economic development and the fulfilment of basic rights are pivotal objectives for his second term, signalling a strong resolve to address critical issues affecting South Africans: todayJune 20, 2024 12
insert_link Business / Economics US company Nvidia becomes most valuable public company Nvidia has overtaken Microsoft and Apple to become the world's most valuable public company.The computer chip maker — at the heart of the artificial intelligence boom — now has an overall market valuation of $3.34 trillion USD. Benji Hyer reports. todayJune 20, 2024 14
insert_link Africa Nigeria’s Aiteo Halts Production at Nembe Creek Facility Due to Oil Leak Nigerian energy company, Aiteo has ceased all oil production at its Nembe Creek facility, which produces nearly 50,000 barrels per day, following the detection of a leak, the company announced on Wednesday. Reuters reports that Aiteo Eastern E&P reported that the leak was discovered during routine operations on Monday in the Nembe area of Bayelsa state, known for severe pollution from decades of oil spills impacting agriculture and fishing. todayJune 20, 2024 50
insert_link South Africa Optimism and Caution as South Africa’s Unity Government Takes Shape Investors are hopeful that South Africa's new unity government will implement stable economic policies to spur growth but remain cautious about the coalition's ability to reconcile significant ideological differences as reported by Reuters. After failing to secure a parliamentary majority in last month's national elections, the African National Congress, which has ruled since the end of apartheid in 1994, has formed an alliance with the pro-business Democratic Alliance and smaller […] todayJune 20, 2024 19
insert_link Africa Egypt Accused of Unlawful Deportations of Sudanese Refugees Reuters reports that Egypt has conducted mass arrests and unlawful deportations of thousands of refugees fleeing the war in Sudan, according to an Amnesty International report released on Wednesday. The rights group documented 12 incidents between January and March this year, where Egyptian authorities deported approximately 800 Sudanese nationals without allowing them to seek asylum or contest deportation decisions. todayJune 20, 2024 8
insert_link Business / Economics Namibia Hosts Aviation Development Africa Conference With Highlights Airport Real Estate Importance Namibia is currently hosting the Aviation Development Africa Conference in its capital, with the first day emphasizing the critical role of airport real estate and factors that appeal to investors in this sector, alongside other key topics.We spoke with Toska Sem, the Executive Director of the Namibia Civil Aviation Authority. todayJune 20, 2024 33
