ANC Announces Coalition Government with Five Parties

ANC Announces Coalition Government with Five Parties

On Monday, the African National Congress announced that South Africa's new government currently includes five parties, collectively holding more than two-thirds of the seats in the National Assembly. The ANC, which failed to secure a parliamentary majority in last month's election for the first time since the end of apartheid in 1994, is continuing discussions with additional parties to further strengthen its coalition.

June 18, 2024 30

Africa

JPMorgan Warns African MDBs Could Lose Preferred Creditor Status

JPMorgan analysts have warned that some of Africa's smaller multilateral development banks, including the Africa Export-Import Bank and the Trade and Development Bank, could be stripped of their Preferred Creditor Status says Reuters. PCS is a widely accepted principle that gives multilateral development banks priority for debt repayment when a borrower faces financial stress, ensuring these banks are paid back before other creditors.

June 18, 2024 94

Business / Economics

18 June 2024 Morning Biz News: Telecom Namibia Expands Network Amid Global Market Surges and Dollar Weakness

Telecom Namibia Expands Network Reach with Huawei Collaboration Telecom Namibia has embarked on an ambitious five-year plan to enhance and extend its mobile network infrastructure across Namibia. This initiative comes as a result of a strategic partnership with Huawei, aiming to introduce cutting-edge mobile technologies including 4G, 4.5G, and 5G. These advancements are poised to deliver faster and more reliable mobile broadband services to TN mobile subscribers nationwide. The collaboration […]

June 18, 2024 25

World

Stoltenberg says NATO alliance good for US security and US jobs

NATO Secretary General Jens Stoltenberg is touting the security benefits of the alliance for the US on a trip to Washington DC. It is three weeks until a historic meeting of the group, with tackling Russia's conflict in Ukraine top of the agenda. Caroline Malone reports.

June 18, 2024 24

Namibia

SADC PF Urges Action on Desertification and Drought

SADC Parliamentary Forum Secretary General, Boemo Sekgoma has urged global and Southern African attention to the urgent issues of desertification and drought. He called on SADC PF member parliaments to observe the United Nations’ World Day to Combat Desertification and Drought on June 17. Sekgoma stressed the region's vulnerability to land degradation, which impacts food security and water availability, referencing the 2022-2032 SADC Drought Risk Management and Mitigation Strategy that […]

June 18, 2024 37

World

Indian man extradited to US over alleged Sikh separatist assassination attempt

An Indian man accused of attempting to kill a Sikh separatist on American soil has been extradited to the United States. Nikhil Gupta is scheduled to appear Monday in a New York courthouse on federal murder-for-hire charges. Prosecutors say he was behind a failed assassination attempt of Gurpatwant Singh Pannun, a prominent critic of the Indian government. The defendant's lawyers say he is being "unfairly prosecuted". Sally Patterson has more. […]

June 18, 2024 27

South Africa

ActionSA Criticizes Possible Cabinet Expansion by ANC and DA

ActionSA has noted reports suggesting that the ANC and DA government of national unity could be planning to expand the size of an already bloated cabinet. ActionSA’s, Samkelo Mgobozi says with 30 serving ministers and 36 deputy ministers, costing taxpayers over 146-million-rand annually in salaries alone, president Cyril Ramaphosa’s previous promise to downsize the cabinet has clearly amounted to no real intention:

June 18, 2024 31

South Africa

S.A Investigating Directorate Dismisses Imminent Arrest Report of ANC’s Gwede Mantashe

The S.A Investigating Directorate has dismissed a report by Sunday World that the arrest of ANC national chairperson, Gwede Mantashe is imminent. The publication said Mantashe’s imminent arrest was linked to security upgrades at his properties in Gauteng and the Eastern Cape from Bosasa. However, ID spokesperson, Henry Mamothame says they have not decided nor discussed the matter:

June 17, 2024 30

Namibia

Minister Sioka Calls for Empowering African Children for Brighter Future

Gender Equality, Poverty Eradication and Social Welfare minister, Doreen Sioka, called on stakeholders to ensure that every African child has the opportunity to reach their full potential and contribute to the realisation of a brighter future for Namibia and Africa as a whole. Sioka made this call during the National commemoration of the Day of African Child at Nghifikwa Ndailikana Primary School in Ohangwena.

June 17, 2024 31