insert_link Business / Economics 10 October 2024 Morning Biz News: Domestic Debt Rises, South Africa’s LPG Sector Expands, and Kenya Seeks IMF Support Domestic Debt Surge Namibia's domestic debt has reached N$123.51 billion as of the end of September, reflecting a month-on-month increase of N$2.04 billion, according to data from The Brief. Research firm Simonis Storm reports that the growth is primarily driven by the issuance of fixed-rate bonds (GCs), which accounted for 63% of the increase, with N$1.27 billion issued in GCs. South Africa's LPG Sector Set for Growth South Africa’s liquefied […] today10 October, 2024
insert_link Africa Sudan’s RSF Leader Hemedti Accuses Egypt of Airstrikes As Cairo Denies Involvement The leader of Sudan’s Rapid Support Forces , Mohamed Hamdan Dagalo, accused Egypt of conducting airstrikes on RSF troops and supplying drones to Sudan's army in a recorded speech on Wednesday. Reuters has it that Hemedti’s claims come as the Sudanese army gains ground in the conflict that has devastated the country for nearly 18 months. Egypt’s foreign ministry later issued a statement denying any involvement of Egyptian aviation in […] today10 October, 2024
insert_link Namibia Outcome of Mbumba-Steinmeier meeting promises progress for Namibia and Germany Meanwhile, Presidential Spokesperson Dr. Alfredo Hengari described the meeting between President Nangolo Mbumba and German President Frank-Walter Steinmeier as promising for both nations. Mbumba emphasised the necessity of reaching a deal regarding the issues of genocide, apology, and reparations, an agreement that addresses the concerns and demands of affected communities and Namibia as a whole. today10 October, 2024
insert_link World Florida braces for ‘Mega Milton’ Time has run out for residents of Central Florida to evacuate before monster Hurricane Milton makes landfall. And officials are telling people to hunker down. President Joe Biden says Milton could be the most catastrophic storm of the century. It’s packing wind gusts of 150mph and is expected to bring a storm surge of up to 13 feet when it hits late Wednesday into Thursday. Toni Waterman has more. By […] today10 October, 2024
insert_link Namibia President Mbumba Unaware of Environmental Concerns Over Green Hydrogen Project President Nangolo Mbumba stated he was unaware of any environmental concerns regarding the government's green hydrogen project. In an interview with Deutsche Welle, he responded to critics highlighting potential environmental risks, saying it was the first time he'd heard such claims. However, environmentalists, including the Namibian Chamber of Environment, have previously raised concerns and called for the project to be halted until an environmental impact assessment is conducted, citing risks […] today10 October, 2024
insert_link South Africa National Prosecuting Authority of South Africa To Oppose Bail for Parolee Accused in Lusikisiki Mass Murders The National Prosecuting Authority of South Africa has confirmed it will oppose bail for the parolee accused of the Lusikisiki mass murders in the Eastern Cape. Siphosoxolo Myekethe is facing 18 counts of murder and one count of illegal firearm possession. NPA regional spokesperson Luxolo Tyali says the accused appeared in the local Magistrate's Court today, where the case was postponed to Tuesday for further profiling and a report […] today10 October, 2024
insert_link South Africa Solidarity’s proposed a new healthcare system to ease pressure on the struggling public sector In South Africa, Solidarity’s research institute has proposed a new healthcare system to ease pressure on the struggling public sector and improve access to private care. This comes as debates continue over the National Health Insurance Act signed by president Cyril Ramaphosa in May. Solidarity's proposal promises lower monthly costs and better medical care. Solidarity’s Theuns du Buisson warns that the NHI could bankrupt the state due to poor planning: […] today9 October, 2024
insert_link World Modi’s party loses in Kashmir, wins in North Indian state Haryana India's opposition parties say they suspect foul play after Prime Minister Narendra Modi's BJP party swept regional elections in a North Indian state. However, the BJP lost in the Indian administered Jammu and Kashmir region where local polls were held after 10 years. From India, our Ishan Garg tells us more. today9 October, 2024
insert_link Namibia Ondangwa’s Town Council announces that the provisional Interim valuation roll is open for inspection Ondangwa's Town Council announced that the provisional Interim valuation roll is open for inspection, and calling all house owners of rateable properties to lodge objections in writing or visit office of the Town Planner for evaluation. The local authority's Petrina Mutikisha. today9 October, 2024