insert_link World Biden Enacts Restrictive Immigration Policy U.S President Joseph Biden has signed his most restrictive immigration policy yet, halting asylum requests at the southern border if crossings exceed a daily average of 2,500 people over a week. Exceptions include unaccompanied children and humanitarian cases. This move aims to demonstrate Biden's toughness on illegal immigration as Donald Trump focuses on mass deportations in his campaign, framing immigration as a central issue. From Washington, Benji Hyer […] todayJune 5, 2024 15
insert_link Business / Economics South Africa’s Economy Contracts in Q1 of This Year South Africa's economy recorded a slight contraction in the first quarter of 2024, impacted by a decline in the mining and construction sectors, according to data from the statistics agency on Tuesday as reported by Reuters. Gross domestic product shrank by 0.1% quarter-on-quarter in seasonally adjusted terms, contrary to economists' expectations of 0.1% growth. On a year-on-year basis, the economy grew by 0.5%, slightly below the predicted 0.6% growth. todayJune 5, 2024 10
insert_link Africa Nigerian Labour Unions Suspend Strike to Negotiate New Minimum Wage Nigeria's main labour unions suspended an indefinite strike for a week on Tuesday to continue negotiations with the government over a new minimum wage, following recent reforms that spiked inflation and exacerbated the cost of living crisis, Reuters reports. The Nigerian Labour Congress and the Trade Union Congress had shut down the national grid and disrupted flights nationwide on Monday, initiating the strike due to the government's failure to agree […] todayJune 5, 2024 6
insert_link Africa Mining Pit Collapse in Niger State Kills One, Traps 30 A mining pit collapse in Galkogo village, Niger State, central Nigeria, killed one person and left 30 others trapped, the state's emergency agency reported on Tuesday. According to Reuters, six miners were rescued with serious injuries. Hussaini Ibrahim, spokesperson for the Niger State Emergency Management Agency, stated that the incident at the underground gold mine occurred on Monday after heavy rains softened the soil around the pit, causing the collapse. todayJune 5, 2024 10
insert_link Namibia Afrobarometer Survey Shows Namibians Value Elections Despite Intimidation Concerns The latest Afrobarometer survey by The Survey Warehouse in Windhoek reveals that most Namibians value elections and feel free to join political organizations and vote without pressure. Over 70% voted in the 2019 election, with most viewing it as free and fair. However, about 30% experienced fear of political intimidation or violence during the campaign. Insights by Christie Keulder, researcher and owner of The Survey Warehouse. todayJune 5, 2024 37
insert_link Business / Economics 5 June 2024 Morning Biz News: Global Economic Landscape: Namibia’s Walvis Bay Leads Trade, Rand Dips Amid Political Shifts, Nigerian Banks Adapt, and Markets Tread Cautiously Namibia's Walvis Bay Harbour Emerges as Leading Trade Gateway In April, Walvis Bay Harbour solidified its position as Namibia's premier trade gateway, boasting the highest trade volumes for both exports and imports among the country's ports. According to data from The Brief, the Namibia Statistics Agency reported that Walvis Bay Harbour managed a staggering N$3.8 billion in exports and N$5.2 billion in imports during the month. This significant achievement underscores […] todayJune 5, 2024 10
insert_link World U.S presents new draft Security Council resolution to stop the fighting in Gaza The United States has requested UN Security Council support for President Joseph Biden's three-phase plan to end the nearly eight-month war in Gaza. A draft resolution has been circulated to all council members and is expected to be voted on at some stage. Benjamin Netanyahu has confirmed Israel will accept the framework deal though he described it as flawed and in need of much more work. From the United Nations […] todayJune 5, 2024 17
insert_link Business / Economics RMB Namibia Leads Syndicated Loan for Navachab Mine Expansion RMB Namibia has been appointed by QKR Navachab to arrange a USD155 million syndicated loan from Namibian and South African banks. The loan, aimed at funding the mine’s expansion program, will significantly increase gold output, contributing to Namibia’s economic sustainability. RMB will also provide risk management solutions to optimize the mine’s exposure to various factors. Jason Shikalepo, Head of Investment Banking at RMB Namibia, offers further details. todayJune 5, 2024 57
insert_link South Africa S.A Public Protector has found the Department of Justice lacking in measures to protect gender-based violence victims The S.A Public Protector has found the Department of Justice lacking in measures to protect gender-based violence victims. Kholeka Gcaleka reported that 38 courts investigated are inefficiently run, failing to provide proper protection orders and solve cases, leading to increased GBV incidents. Gcaleka also noted poor filing systems and language barriers contribute to poor service delivery. She calls for better assistance for victims seeking protection orders: todayJune 5, 2024 22
