insert_link Business / Economics Moratorium on Petroleum Licenses to Be Lifted The Mines and Energy ministry has announced that the moratorium on issuing wholesale petroleum licenses, in place since August 2022, will be lifted on Friday. The pause was intended to enhance the ministry's licensing system. Since 2018, the ministry has issued 87 new retail licenses, raising the total to over 500 nationwide. The ministry's Eshioshange Ten Hasheela. todayAugust 15, 2024 22
insert_link Business / Economics Revenue Agency to Suspend Unlicensed Clearing Agents The Namibia Revenue Agency has announced that clearing agents who do not renew their licenses for 2024 will face suspension. A 30-day grace period will be provided, from August 14 to September 13, for agents to complete their renewal. Failure to renew by the deadline will result in license termination. The agency's Tonateni Shidhudhu. todayAugust 15, 2024 24
insert_link Namibia Deputy Education Minister Caley Addresses Decline in Learner Promotion Rates in Hardap Region During her visit to the Hardap Region, Deputy Minister of Education, Arts and Culture, Faustina Caley, addressed the issue of declining learner promotion rates in secondary education. At Mariental, she urged school managers to implement strategies for improving student advancement. The review of semester results showed a notable drop in promotion rates, especially in Grade 11, where only 19.9% of students advanced. Discussions with stakeholders focused on overcoming challenges in […] todayAugust 15, 2024 12
insert_link World Walz says he’s agreed to debate Vance in October U.S Democratic Vice Presidential candidate, Tim Walz says he's accepted an offer to debate his Republican opponent JD Vance in October. It's still unclear whether Vance has agreed to participate. With the report for us, here's Ira Spitzer. todayAugust 15, 2024 6
insert_link Business / Economics 15 August 2024 Morning Biz News: Welwitschia Sovereign Wealth Fund Doubles in Value; Rand Gains on U.S. Data; Oil Prices Rebound Welwitschia Sovereign Wealth Fund Sees Remarkable Growth The Welwitschia Sovereign Wealth Fund, launched in 2022, has nearly doubled its value, rising from N$260 million to N$440 million. Central Bank Governor Johannes !Gawaxab noted that the Fund has consistently outperformed its benchmark, the Norwegian Government Pension Fund Global, demonstrating strong performance and growth. South African Rand Strengthens On Wednesday, the South African rand appreciated to 18.05 against the US dollar, marking […] todayAugust 15, 2024 13
insert_link Interview Transcripts INTERVIEW: Shaun Gariseb’s Appeal: Urgent Need for Support at Baumgartsbrunn School Shaun Gariseb from "End Period Poverty" has raised a significant concern regarding the dire situation at Baumgartsbrunn School. During a recent visit, Gariseb discovered that nearly 95% of the students at the school lacked proper footwear, with approximately 280 out of 320 children going without shoes as winter approached. Despite reaching out to Project You Will Never Walk Alone for assistance, the organization has yet to respond or provide […] todayAugust 15, 2024 7
insert_link World Trump fails to get hush money trial judge to recuse himself Donald Trump has failed for the third time at having the Judge overseeing his New York hush money case to recuse himself. The former US President is set to be sentenced next month after being found guilty of falsifying business records to influence the outcome of an election. Here's Mitch McCann reporting: todayAugust 15, 2024 9
insert_link South Africa In S.A, Action Society has expressed grave concern over the high number of unsolved criminal cases In S.A, Action Society has expressed grave concern over the high number of unsolved criminal cases. Since 2018 over 76-thousand murders and 40-thousand attempted murders remain unsolved, along with 61-thousand-740 rape cases and 256-thousand aggravated robbery cases. A shortage of eight-thousand-500 detectives and 527 voluntary resignations from the Police Service have exacerbated the issue. Action Society's, Juanita du Preez criticised the police's lack of specialised personnel and the impact of […] todayAugust 15, 2024 5
insert_link Business / Economics Bank of Namibia Reduces Repo Rate to 7.50%…. The Bank of Namibia announced a reduction in the repo rate from 7.75% to 7.50%, marking a shift after a series of rate hikes that began in February 2022. As a result, commercial banks’ prime lending rate will decrease from 11.5% to 11.25%. Cirrus Capital economist, Robert McGregor. todayAugust 15, 2024 15
