insert_link Business / Economics 10 June 2024 Morning Biz News: Business News Highlights: Namibia’s Ocean as Economic Pillar, Volkswagen’s Power Supply Challenges, Oil Price Decline, and Euro’s Reaction to Macron’s Election Call Namibia’s Ocean: A Vital Economic Resource President Nangolo Mbumba has underscored the significance of Namibia's ocean, describing it as a crucial economic resource for the country. Annually, the ocean generates N$10 billion and contributes 5% to Namibia's GDP. According to The Brief, Mbumba emphasized that this vital asset supports thousands of jobs and ensures food security but is under significant threat from climate change and human activities. The president called […] todayJune 10, 2024 13
insert_link Namibia Graham Hopwood Shares Key Insights on Namibia’s Open Budget Survey Report Graham Hopwood, Director of the Institute for Public Policy Research, provided illuminating insights during the Hilton release event for the Open Budget Survey Report on Namibia. todayJune 10, 2024 36
insert_link South Africa Eskom Justifies Power Station Shutdown Delays to S.A’s Climate Commission Eskom has reassured the South African Presidential Climate Commission that delaying the shutdown of several power stations is necessary. CEO, Dan Marokane told the commission that postponing the decommissioning of Camden, Hendrina, and Grootvlei coal-fired stations until 2030 will cost the utility between 85 and 90 billion rand. Despite the substantial costs, Marokane insists the delays are essential to maintain energy supply. todayJune 10, 2024 5
insert_link Interview Transcripts INTERVIEW: Basic Income Grant Coalition’s Rinaani Musutua on Electricity Tariff Increases Windhoek, Namibia – The Basic Income Grant Coalition, represented by Rinaani Musutua, has expressed strong opposition to the proposed tariff increases by the City of Windhoek. These increases, which encompass essential services such as water and electricity, are currently under review by the Electricity Control Board (ECB). Economic Hardship and Mismanagement Rinaani Musutua highlighted the financial struggles faced by many Namibians, stating that this is not the appropriate time […] todayJune 10, 2024 16
insert_link Africa Court Appearance for Over 50 Defendants in Failed Congo Coup More than 50 defendants, including six individuals holding U.S., British, Canadian, or Belgian citizenship, appeared in court in the Democratic Republic of Congo on Friday according to reports by Reuters. They are charged with participating in a failed coup and other serious offenses that could result in the death penalty. The charges stem from an incident on May 19, when armed men briefly occupied a presidential office in the capital, […] todayJune 10, 2024 6
insert_link World Biden Macron plan to use frozen Russian funds to help Ukraine The United States and France have come up with a plan to use profits generated by sanctioned Russian assets to help Ukraine. President Biden has been in France this week for D-Day commemorations which were also attended by Ukraine's leader Vlodymyr Zelensky. Our US Correspondent Jagruti Dave has more. todayJune 10, 2024 8
insert_link Namibia City Residents Actively Oppose Windhoek Electricity Tariff Hike Request to ECB Shaun Gariseb of the Katutura Residents Committee, is taking a stand against the proposed electricity tariff increase in Windhoek. In adherence to the Electricity Act and regulations, Gariseb recently lodged objections with the Electricity Control Board. He argues that the proposed 10% hike, put forward by the City of Windhoek, fails to consider the economic hardships facing residents. From the Civic organization BasicIncome Grant Coalition, Rinaani Musutua weighs in. […] todayJune 10, 2024 41
insert_link Africa Nigeria has recorded 10 cases of Lassa Fever in one week Nigeria has recorded 10 cases of Lassa Fever in one week. They were recorded in four states across the federation. Tesem Akende reports from Jos. todayJune 10, 2024 6
insert_link South Africa UNICEF Report Indicates South Africa Is Among Top 20 Nations With Highest Child Food Poverty A UNICEF report reveals South Africa is one of 20 countries accounting for 65-percent of all children globally living in severe food poverty. Twenty-three-percent of South African children experience food deprivation and they are 50-percent more likely to suffer life-threatening malnutrition. UNICEF's Christine Muhigana says the consequences can last a lifetime, weakening immunity, increasing disease risk and perpetuating the poverty cycle: E todayJune 10, 2024 16
