Bank of Namibia Extends Timeline for Implementation of Electronic Fund Transfer Regulations

The Bank of Namibia has announced a postponement in the implementation of the new regulations governing electronic fund transfers within the national Payment System Determination. Sandra Garises, the bank's principal communication officer, disclosed that PSD-9, initially set to take effect by the end of April, will now be enforced on September 30, 2024. She explains what it entails.

April 15, 2024 76

Health / Medical

South Africa Recalls Johnson & Johnson Children’s Cough Syrup Over Concerns, Ben Nangombe weighs in with Namibia’s response

South Africa's health regulator has declared the recall of several batches of Johnson & Johnson's children's cough syrup due to the discovery of heightened levels of diethylene glycol. These affected batches were distributed across South Africa, Eswatini, Rwanda, Kenya, Tanzania, and Nigeria. Ben Nangombe, the executive director at the Ministry of Health, provided insights into the local response during an interview with Future Media News.

April 15, 2024 49

Business / Economics

15 April 2024 Morning Biz News: Transforming Elizabeth Bay: Standard Bank’s Energy Park Initiative

In a bid to ignite infrastructure growth and leverage Namibia's resource potential, Standard Bank has unveiled an ambitious plan to rebrand Elizabeth Bay into an Energy Park, as reported by The Brief. This strategic move is poised to reshape the landscape of Elizabeth Bay, a mining community nestled 25 kilometers south of Lüderitz on Namibia's southern coast. The vision behind the Energy Park initiative extends beyond mere revitalization; it aims […]

April 15, 2024 28

World

Biden says U.S won’t get involved in tit for tat strikes against Iran

U.S President Joseph Biden has told Israel's leader the United States will not get involved in any tit for tat strikes against Iran. That's as G7 leaders have condemned Iran's drone attack against Israel and reaffirmed their commitment to Israel's security. Our Washington correspondent Jagruti Dave has more.

April 15, 2024 17

Namibia

Tsintsabis Combined School Receives Stationery from Namib Desert Diamonds Foundation

The Namib Desert Diamonds Foundation has generously donated stationery supplies valued at N$150,000 to Tsintsabis Combined School in the Oshikoto region. Our Northern Correspondent, Maria Namupala, provides further details.

April 15, 2024 44

South Africa

United Democratic Movement Calls for Urgent Allocation of Funds to Aid Flood-Affected Homeless in Western Cape

The United Democratic Movement in the Western Cape is urging the National Disaster Management Centre to prioritize the allocation of funds to the provincial government. This assistance is crucial for thousands of individuals who have been left homeless due to floods. Bongani Maqungwana of the UDM emphasizes that residents of informal settlements, often neglected, are currently tasked with rebuilding their shelters independently. Maqungwana stresses the immediate release of funds to […]

April 15, 2024 40

Namibia

Clash Between Swapo and PDM Leaders Over Age of Election Candidates

A verbal confrontation has erupted between Swapo secretary general Sophia Shaningwa and Popular Democratic Movement leader McHenry Venaani concerning the nomination of older candidates for the upcoming presidential and parliamentary elections. During a political rally in Okalongo on Saturday, Venaani urged Namibians not to support "pensioners" in the November election. He seemed to be referring to Swapo candidate Netumbo Nandi-Ndaitwah (71) and Independent Patriots for Change leader Panduleni Itula (66). […]

April 15, 2024 19

Namibia

AgriBank Mentor Advises Namibian Farmers on Drought Resilience and Business Approach

Arnold Gaseb, a mentor for the Kunene and Erongo regions with the Agricultural Bank of Namibia, emphasized the necessity for farmers to diversify their agricultural practices amidst Namibia's ongoing drought to ensure their survival. Speaking during a stakeholder engagement session held at Africa Safari Lodge in Mariental, Gaseb stressed the importance of treating farming as a business endeavor. He highlighted the significance of collaboration among stakeholders in the farming industry […]

April 12, 2024 18

South Africa

S.A’s Transport minister Sindisiwe Chikunga says the discontinuation of e-tolls is a triumph for democracy

S.A Transport minister Sindisiwe Chikunga says the discontinuation of e-tolls is a triumph for democracy. She oversaw the actual switching-off of the e-tolls at the South African National Roads Agency’s Central Operations Centre in Gauteng yesterday evening. She also visited the gantries on the N1 South Buccleuch Interchange. There has been an outcry over motorists still being liable to pay their e-toll debts. Chikunga says determining the fate of outstanding […]

April 12, 2024 34

FUTURE MEDIA NEWS