insert_link Business / Economics 9 July 2024 Afternoon Biz News: Economic Update: Aquaculture Project Cleared, Rand Stable Amid Global Market Uncertainty Blue Ridge Aquaculture Africa (Pty)’s Aquaculture Project: Blue Ridge Aquaculture Africa (Pty)’s local associate has received Environmental Clearance for a 25-hectare aquaculture project near Henties Bay. The project will use Recirculating Aquaculture Systems for Tilapia farming and is expected to cost under N$1.4 billion. South African Rand Stability: The South African rand remained stable, trading at 18.13 against the dollar. Market focus is on the Federal Reserve chair's testimony […] todayJuly 9, 2024 15
insert_link South Africa S.A National Assembly passes motion for MK Party parliamentary leader to serve in the Judicial Service Commission The S.A National Assembly has passed the motion for MK Party parliamentary leader John Hlophe to serve in the Judicial Service Commission, despite objections from the DA, ACDP, and FF Plus. His nomination has sparked mixed reactions due to his impeachment as Western Cape judge president for attempting to influence Constitutional Court justices in a case involving former president Jacob Zuma. EFF deputy president Floyd Shivambu highlights Hlophe's Cambridge PhD […] todayJuly 9, 2024 22
insert_link Africa UN Peacekeeping Mission in DR Congo Halts Withdrawal Plans Without Future Timeline The United Nations peacekeeping mission in the Democratic Republic of Congo has announced a pause in its withdrawal process, with no specified schedule for subsequent phases following the initial one in June as reported by Reuters. Last September, President Felix Tshisekedi had urged the mission to accelerate the withdrawal of peacekeepers deployed to tackle insecurity fueled by armed conflicts over territorial and resource control. todayJuly 9, 2024 11
insert_link Namibia June Inflation Eases to 4.6%, Food Inflation at Lowest in a Year In June, Namibia experienced a decrease in overall inflation to 4.6%, down from 4.9 in May and marking the second lowest rate of the year. Food inflation specifically dropped to 4.0%, the lowest recorded in at least a year, based on newly released data from the Namibia Statistics Agency. However, transport inflation rose sharply to 8.3%, reaching its highest level in the past 12 months, compared to just 0.1% in […] todayJuly 9, 2024 36
insert_link Namibia Competition Commission Probes Namibian Broadcasting Corporation for Potential Anti-Competitive Actions The Namibian Competition Commission is investigating the Namibian Broadcasting Corporation for suspected violations related to market access restrictions and hindering technological development. NBC has been given 30 days to address allegations of limiting market access for other free-to-air broadcasters on the Digital Terrestrial Television Network. Dina //Gowases of the commission. todayJuly 9, 2024 41
insert_link Namibia FEATURE: RAY SASMAN REACHES OTAVI ON A JOURNEY IN AID OF WALVISBAAI YOUTH CENTRE Ray Sasman has already covered over 1000 kilometers on foot. If you haven't met her yet via our news, she's a resilient Namibian woman that has embarked on an extraordinary mission to raise awareness and support for Walvisbaai's Youth Centre in an attempt for youth empowerment through her "Walk With Me" campaign. Starting her journey in Noordoewer and now in Otavi, Ray , despite facing challenges along the way. She […] todayJuly 9, 2024 61
insert_link Business / Economics Shell Seeks Approval for Offshore Drilling off South Africa’s West Coast Reuters reports that Shell is seeking government authorization to drill up to five offshore wells off the west coast of South Africa, according to a draft scoping report from environmental consultancy SLR. Shell Offshore Upstream South Africa B.V. and its joint venture partners require environmental approval to operate in the Northern Cape Ultra Deep Block in the Orange Basin. todayJuly 9, 2024 20
insert_link Namibia Mariental Fire Station Bolstered by Donation of Fire Trucks and Ambulance The Mariental Fire Station received two fire trucks and an ambulance on Monday, thanks to a collaboration between the Ministry of Urban and Rural Development, the Municipal Council of Murcia in Spain, and the Motor Vehicle Accident Fund. Deputy Minister Evelyn! Nawases-Taeyele highlighted the donation's importance in enhancing firefighting and rescue services in Mariental and the Hardap Region. Station manager Dirk Cloete emphasized the urgent need for these resources to […] todayJuly 9, 2024 23
insert_link World Australian prime minister Anthony Albanese has appointed a special envoy to monitor and combat anti-Semitism Australian prime minister Anthony Albanese has appointed a special envoy to monitor and combat anti-Semitism. Community groups have documented a steep increase in both anti-Semitism and Islamophobia since the Hamas attacks on Israel on the seventh of October last year, and the Israeli military bombardment of Gaza. Albanese says lawyer Jillian Segal will consult with community leaders and discrimination experts to advise the government: todayJuly 9, 2024 44