insert_link Business / Economics 12 June 2024 Morning Biz News: “Market Dynamics Shift: Vitol Divests, Rand Strengthens, Nigeria Explores LNG, Dollar Steadies” Fair Competition Ensured as Vitol Emerald Bidco Divests from Service Stations in Namibia In a move to uphold fair competition in Namibia's fuel market, Vitol Emerald Bidco (Pty) Ltd has announced its decision to divest from 58 Engen and Shell service stations. This decision comes in the wake of its acquisition of Engen Ltd and is in compliance with conditions set by the Namibian Competition Commission. The aim behind this […] todayJune 12, 2024 16
insert_link South Africa UN Human Rights Office warns of possible war crime violations in Gaza The United Nations Human Rights Office has expressed concern about possible war crime violations by Israeli forces over the weekend. IDF troops raided the Nuseirat refugee camp and freed at least four hostages being held captive. It also cautioned Palestinian armed groups holding hostages near densely populated urban areas. As Jody Jacobs reports. todayJune 12, 2024 9
insert_link Namibia ICT Minister Urges SIM Card Registration to Prevent Number Loss ICT Minister, Emma Theofelus, has urged mobile users to register their SIM cards by June 30, 2024, to avoid permanent cancellation and resale of their numbers. Despite a grace period following temporary disconnections, many users remain unregistered. The Communications Regulatory Authority of Namibia previously suspended close to 600 thousand unregistered SIM cards. Paratus Telecommunications and UCOM have fully registered their clients, while Telecom Namibia and Mobile Telecommunications Limited have reached […] todayJune 12, 2024 9
insert_link South Africa Western Cape High Court Rejects EFF’s Bid to Invalidate National Assembly Rules Western Cape's High Court has dismissed the EFF’s application to invalidate the National Assembly rules that saw the legislative body take action against six party members. Last year, the members, including leader Julius Malema and deputy president Floyd Shivambu, stormed the stage while president Cyril Ramaphosa delivered the State of the Nation Address. They were found guilty of contempt of Parliament and suspended for 30 days with no pay. The […] todayJune 11, 2024 13
insert_link World India’s new Cabinet hold first meeting as Modi begins third term India's new Cabinet held its first meeting on Monday evening as prime minister Narendra Modi began his third term in office. The allocation of ministries was announced. This follows a surprise election result in which Modi's party failed to secure an outright majority and had to lean on its coalition partners to form a government. Rebecca Bundhun reports. todayJune 11, 2024 19
insert_link Namibia Debmarine Namibia Donates Haemodialysis Equipment to Oshakati Hospital Debmarine Namibia contributed haemodialysis equipment worth N$1,764,069 to Oshakati Intermediate Hospital, easing the burden on resources. Health Minister, Kalumbi Shangula noted 133 new haemodialysis cases managed in 2023/24, with equipment aiding treatment. The donation includes machines, tables, chairs, and a reverse osmosis machine. Shangula emphasized the equipment's role in enhancing patient care. Debmarine CEO Willy Mertens highlighted the vital importance of haemodialysis machines in treating severe kidney failure and expressed […] todayJune 11, 2024 14
insert_link World UN Security Council Adopts US-Backed Resolution for Permanent Hamas-Israel Ceasefire The United Nations Security Council has adopted a US-drafted resolution for a permanent ceasefire between Hamas and Israel, and the release of the hostages in Gaza. Fourteen of the 15 Security Council members voted in favour of the resolution. Russia abstained. A three-part ceasefire plan was unveiled by U.S president, Joseph Biden last month. Israel has already accepted the deal. Palestine's ambassador to the UN, Riyad Mansour, has welcomed the […] todayJune 11, 2024 43
insert_link Business / Economics PowerCom Enhances Connectivity in Namibia PowerCom CEO, Beatus Amadhila announced plans to improve connectivity in Namibia by installing 80m guyed lattice towers in several regions. Two towers are already built, with more planned in Ikumwe, Nakabolelwa, Mutikitila, and additional locations. PowerCom aims to construct 29 towers at a cost of N$32.5 million in 2023/24, aiming to achieve 70% of this plan. These efforts will boost network capabilities and digital access across communities. todayJune 11, 2024 19
insert_link South Africa RISE Mzansi Applauds S. Chief Justice’s Announcement on National Assembly Sitting In South Africa, RISE Mzansi has welcomed Chief Justice Raymond Zondo’s announcement that the first sitting of the National Assembly will be held on Friday. During the sitting, Zondo will preside over the election of the president, National Assembly speaker, and deputy speaker. Parliament must be constituted within 14 days of the declaration of the election results. RISE Mzansi’s national spokesperson, Gugu Ndima, says the election of the three individuals […] todayJune 11, 2024 10
