insert_link Business / Economics WEEKLY ECONOMICS WRAP: Global Economic Developments Impacting Various Sectors In a week marked by significant economic events, here's a roundup of key developments across different regions: Namibia: Plastic Bag Pricing Probe and TotalEnergies' Investment Focus The Environment, Forestry, and Tourism ministry in Namibia are investigating potential overpricing of plastic bags by retailers. Preliminary findings indicate that some businesses are charging between N$1 and N$5 per plastic carry bag, prompting concerns about adherence to government-mandated rates. On a positive note, […] today15 February, 2024
insert_link World UK peer warns of unintended impact of Rwanda bill The former chief of the British armed forces has warned that the threat to deport migrants to Rwanda may undermine trust and co-operation between the UK and its allies. He urged peers to support an amendment to the bill moving through Parliament that would see battlefield allies and their families protected against future deportation to the African nation. Lara Brehmer reports from London. today15 February, 2024
insert_link South Africa South African Poultry Association Expresses Concerns Over Market Inquiry The South African Poultry Association raises concerns about assumptions made by the Competition Commission in its announcement of a market inquiry into the poultry industry value chain. The association objects to remarks about bailouts and anti-dumping duties, urging increased support for the industry amidst challenges. today15 February, 2024
insert_link South Africa Democratic Alliance in South Africa Raises Concerns Over State-Owned Enterprises’ Financial Woes The DA in South Africa expresses distress over the financial challenges faced by state-owned enterprises following the National Treasury's release of the third-quarter government expenditure report. Eskom, set for a substantial bailout, reports a significant loss, while municipal debt rises sharply. Troubled entities include the Land Bank, South African Airways, Transnet, and Denel. The DA warns against the ANC's bailout strategy, citing potential threats to fiscal sustainability, essential services, and […] today15 February, 2024
insert_link Namibia Job Amupanda Seeks Adjustments to Lawsuit Against Red Line Job Amupanda, leader of the Affirmative Repositioning movement, aims to revise his lawsuit filed nearly three years ago to challenge Namibia's veterinary cordon fence. Despite opposition, Amupanda faces objections from five defendants as he seeks adjustments to his claim in the High Court. Amupanda expands on the latest. today15 February, 2024
insert_link World Gaza ceasefire resolution to be tabled before the end of the week The Arab group of countries at the United Nations say a draft resolution calling for an immediate humanitarian ceasefire in Gaza will be table before the Security Council in the coming days. Speaking to reporters on Wednesday, Palestine's Ambassador, Riyad Mansour said the draft has massive support in the council and will be put to a vote even without the support of the United States. today15 February, 2024
insert_link Namibia Potential Fuel Theft Valued at Over N$1 Million Discovered at Namibian National Oil Storage Facility The National Petroleum Corporation of Namibia has identified a potential fuel theft amounting to over N$1 million at the National Oil Storage Facility in Walvis Bay. Loading documents indicate the dispatch of diesel ADO 50 ppm last December and January this year, yet there's no evidence of the product reaching the intended customer site. NamCor's Manager of Marketing, Communications, and Public Relations, Paulo Coelho. today15 February, 2024
insert_link Namibia Prison Farms: Bridging Rehabilitation, Skill Development, and Community Growth Prison farms alleviate the tax burden by utilizing inmate labor for agricultural production, supplying food for inmates. In the same breathe, inmates gain transformative skills and enhancing employability. Moreover, these initiatives foster economic development in rural communities. Namibian Correctional Services Commissioner-General Raphael Hamunyela. today15 February, 2024
insert_link Business / Economics 15 February 2024 Morning Biz News: Economic Developments and Financial Indicators: A Snapshot of Recent News In the dynamic landscape of global economies, recent developments highlight the challenges and opportunities faced by various countries. From ambitious power projects in Namibia to currency fluctuations in South Africa, outstanding debts settlement in Nigeria, and unexpected economic downturns in Japan, this article provides insights into the latest economic trends. Additionally, we'll explore the current financial indicators that play a crucial role in shaping the economic landscape. NamPower's Bold […] today15 February, 2024
