insert_link Business / Economics 18 March 2024: Morning Biz News: Financial Snapshot: Key Indicators in Focus Standard Bank Holdings Namibia Reports Robust Profit Growth: Standard Bank Holdings Namibia has announced a significant increase in profit after tax for the period ending December 31, 2023. The reported profit surged to N$770 million, marking a notable 23.3% rise from the previous year's figure of N$624 million. This impressive growth is attributed to several factors, including a 24.6% increase in net interest income, largely driven by ongoing repo rate […] today18 March, 2024
insert_link Africa UN Aid Chief Warns of Catastrophic Hunger in Sudan United Nations aid chief Martin Griffiths has cautioned the Security Council about the potential for nearly five million people in Sudan to face catastrophic hunger in the upcoming months. In a note seen by Reuters, Griffiths highlighted that acute levels of hunger are being fueled by various factors, including the severe impact of conflict on agricultural production, damage to infrastructure and livelihoods, disruptions to trade flows, significant price increases, obstacles […] today18 March, 2024
insert_link Namibia Independent Researcher Urges Government Officials and Associations to Address Disability Issues In an exclusive interview, Josef Kefas Sheehama implored Deputy Ministers and relevant associations to come together in finding swift and effective solutions to the challenges faced by people with disabilities in Namibia. The independent Economic and Business Researcher stressed the importance of unified efforts to ensure equal opportunities and access to employment, education, and essential services for this marginalized segment of society. today18 March, 2024
insert_link Namibia Businesswoman Tania Hangula Agrees to Repay Portion of Funds from Defunct SME Bank as Activist Rinaani Musutua weighs in Businesswoman Tania Hangula has agreed to reimburse N$4 million of the N$6.6 million she received from the now-defunct Small and Medium Enterprises Bank. Between 2015 and 2019, Hangula utilized these funds for various purposes, including purchasing a beach property, a Mercedes-Benz, and financing trips to Dubai and other countries. Activist Rinaani Musutua weighs in. today18 March, 2024
insert_link World Biden and Trump take aim at each other in weekend speeches US President Joseph Biden and his predecessor Donald Trump took aim at each other in speeches delivered over the weekend, as the two men prepare for a widely expected rematch for the White House. Mr. Biden questioned his rival's mental acuity while Mr Trump talked about a "bloodbath" if he lost the election. Our Washington correspondent Jagruti Dave has more today18 March, 2024
insert_link South Africa SA’s Minister Motshekga Urges Collaboration for Targeted Teacher Training During the conclusion of the Basic Education Lekgotla in Boksburg, Ekurhuleni, SA Minister Angie Motshekga urged the Department of Higher Education and Training, in partnership with Higher Education institutions, to enhance their enrolment planning. Motshekga emphasized the need for aligning graduate output with the demand for specialized teaching skills, particularly in the foundation phase. This includes a focus on educators proficient in mother tongue instruction. today18 March, 2024
insert_link World Georgia Trump prosecutor resigns over affair The top prosecutor in the Donald Trump's Georgia election interference case has stepped down, following an affair with the district attorney. A judge gave the prosecution team an ultimatum on Friday, ruling the DA could stay on the case, but only if the lawyer resigned. Trump's team had argued the relationship posed a conflict of interest. today18 March, 2024
insert_link Business / Economics Rosatom Considers Floating Nuclear Power Plant for Namibia Rosatom, Russia's nuclear energy provider, is exploring the potential establishment of a floating nuclear power plant in Namibia. These plants are envisioned as a means to supply electricity to remote regions. However, concerns regarding safety, environmental impact, and nuclear proliferation need to be thoroughly addressed. Viktor Riede, Rosatom’s country manager, will provide further insights into this initiative. today18 March, 2024
insert_link Namibia Police Investigate Officer Accused of Assisting Suspect in Passport Theft Authorities are probing a senior officer from the Otjiwarongo Criminal Investigations Unit for allegedly stealing a confiscated passport and providing it to a suspect for travel to and from South Africa. Inspector Ursula Mulongwane is accused of aiding Joao-Quinn Amado, an Angolan national facing fraud charges, in his travel on January 12 and 13 this year. Senior Inspector Maureen Mbeha, spokesperson for the Otjozondjupa police, confirmed the allegations received from […] today18 March, 2024
