insert_link Business / Economics 14 February 2024 Morning Biz News: Economic Insights: Namibia’s Wind Energy Potential, Rand Weakens, OPEC’s Oil Demand Forecast, and Global Market Shifts A Comprehensive Overview of Key Economic Developments and Financial Indicators 1. McKinsey & Company Report Highlights Namibia's Wind Energy Revenue Potential A recent McKinsey & Company report underscores Namibia's potential to generate N$13.9 billion in revenue by 2050 through local production of wind turbine towers and blades. The report breaks down the potential contribution, with a direct impact of 30%, an indirect contribution of 41%, and an induced contribution of […] todayFebruary 14, 2024 9
insert_link Namibia US House Republicans second attempt at Mayorkas impeachment Republicans in the US House of Representatives are voting for a second time to impeach the Homeland Security Secretary amid a row over immigration. Last week, the House voted against holding Alejandro Mayorkas responsible for the flow of migrants across the US-Mexico border. Nick Harper reports from Austin, Texas. todayFebruary 14, 2024 11
insert_link Namibia South Africa Deploys 2,900 Troops to Eastern DRC to Address Decades-long Conflicts South African President Cyril Ramaphosa authorizes the deployment of 2,900 members of the South African National Defense Force to the Eastern Democratic Republic of Congo. The move aims to address decades-long conflicts between rival armed groups over land and resources, resulting in significant casualties and displacements. Spokesperson Vincent Magwenya confirms a budget allocation of over two billion rand for this deployment until December 15th. todayFebruary 14, 2024 24
insert_link World Delhi turns into a fortress as thousands of farmers march towards the Indian capital New Delhi has turned into a fortress as thousands of farmers march towards the capital from neighbouring states to demand assured prices for their crops. Police in Delhi have sealed the borders in order to stop protesting farmers from entering the city. Prohibitory orders against large gatherings, protests have been put in place for the next one month. Priyata Brajabasi is reporting from one Delhi border that has been sealed. […] todayFebruary 13, 2024 30
insert_link World Lloyd Austin will not travel to Europe this week due to ongoing health issues The US Defense Secretary will not travel to Brussels for NATO and Ukraine meetings, after being hospitalised again on Sunday. The Pentagon said his deputy is acting up and will go to Europe in his place. Caroline Malone reports from Washington. todayFebruary 13, 2024 11
insert_link South Africa Widespread Search Underway for Escaped Offender from Mamelodi Regional Hospital The South African Department of Correctional Services, in collaboration with law enforcement agencies, initiates a large-scale search operation for Clatta Gumbo, an offender who escaped from Mamelodi Regional Hospital in Pretoria. Admitted in August 2018, Gumbo is serving a life sentence for rape, kidnapping, and assault at Baviaanspoort Correctional Centre in Tshwane. The department's spokesperson, Singabakho Nxumalo, confirms the ongoing efforts to locate and apprehend the escaped offender. todayFebruary 13, 2024 29
insert_link World India’s Paytm shares slump to record low following downgrade Shares of Indian digital payments company Paytm slumped to a record low below 390 rupees. This came after brokerage Macquarie downgraded the stock, which follows India's central bank ordering Paytm to halt a large part of its business by the end of this month. Rebecca Bundhun reports from Mumbai. todayFebruary 13, 2024 4
insert_link Africa MPLA Vice President Luisa Damiao Conveys Condolences to Namibia on President Geingob’s Passing Luisa Dami-ao, Vice President of the People’s Movement for the Liberation of Angola, pays a visit to President Nangolo Mbumba to convey condolences on behalf of Angola following the death of President Hage Geingob. Geingob, who passed away on February 4, 2024, received heartfelt condolences from the Angolan government and people. President Mbumba appreciates the condolences, stressing the strong brotherhood between Namibia and Angola. The Angolan delegation also extends condolences […] todayFebruary 13, 2024 7
insert_link South Africa National Union of Metalworkers of South Africa Declares Dispute Over Wage Deadlock with Bus Employers in South Africa The National Union of Metalworkers of South Africa declares a dispute against employers at the South African Road Passenger Bargaining Council due to a wage deadlock. Bus companies like Putco, Bojanala’ Algoa, and Great North Transport are involved. Numsa's demands include a ten-percent wage increase across the board and mandatory healthcare coverage for all workers in the industry. Phakamile Hlubi-Majola, Numsa’s spokesperson, highlights the key demands as the union seeks […] todayFebruary 13, 2024 28