Future Media Archives - Page 117 of 260

Bank of Namibia Forecasts Economic Growth of 3.1% for this year

The Bank of Namibia’s August 2024 Economic Outlook predicts a 3.1% growth for Namibia’s economy ifor this year, with a slight increase to 3.9% in 2025. Global growth is expected to be 3.2%, rising marginally to 3.3% in next year. While the 2024 forecast remains unchanged, the 2025 projection has been adjusted upward by 0.1 percentage points due to revised growth estimates for China. Josefina Oskar, the Bank’s Communications Practitioner, […]

9 August, 2024

Namibia

NamCor Terminates Managing Director Immanuel Mulunga’s Contract

The National Petroleum Corporation of Namibia and its Board of Directors have announced the immediate termination of Managing Director Immanuel Mulunga's contract. NamCor's Manager of Marketing, Communications, and Public Relations, Paulo Coelho, provided the details.

9 August, 2024

Business / Economics

9 August 2024 Morning Biz News: Namibia Urged on Borrowing Strategies, South Africa Implements VAT on Imports, Dollar Gains on Jobless Data, Yuan Strengthens Amid Market Volatility

In recent financial developments, the African Development Bank (AfDB) has advised Namibia to implement conservative borrowing strategies and harness the potential of the Namibian Stock Exchange (NSX) and the Government Institutions Pension Fund (GIPF) to bolster developmental capital. This recommendation aims to tackle the country's increasing public debt and enhance financial stability, according to The Brief. In South Africa, a new policy is set to impact the clothing industry significantly. […]

9 August, 2024

Uncategorized

US Political Rallies Canceled Amid Tropical Storm Debby

Democratic and Republican political rallies are being canceled due to severe weather from Tropical Storm Debby, which is barreling across the east coast of the United States. It follows large turnouts for Kamala Harris in recent days in Pennsylvania, Wisconsin, and Michigan. Reporting for us is Mitch McCann reports:

9 August, 2024

South Africa

ActionSA Questions National Prosecuting Authority’s Effectiveness After Estina Case Dropped

South Africa's ActionSA in the Free State says it remains concerned about the evident lack of successful state capture prosecutions and convictions. ActionSA’s, Patricia Kopane says this raises questions about whether the National Prosecuting Authority, under its current leadership, is capable of delivering the justice demanded by South Africans. The party expressed outrage following the High Court in Bloemfontein's decision to strike the 280-million-rand Estina Dairy case off the roll: […]

9 August, 2024

Namibia

Otjozondjupa Regional Council Office Park Inaugurated

The Otjozondjupa Regional Council office park in Otjiwarongo was officially inaugurated by Minister of Urban and Rural Development Erastus Uutoni. The government-funded project, costing nearly N$163 million, was completed over two phases from 2014 to 2023. Uutoni emphasized the government's commitment to infrastructure development in the region and launched the council's customer service charter, urging staff to serve the community with dedication and efficiency.

9 August, 2024

South Africa

In S.A, Seven Suspects to Appear in Court Over R350 Million Precious Metals Theft

Seven suspects are expected to appear in the Brits and Rustenburg Magistrates' Courts today for alleged theft of precious metals worth 350-million-rand. The alleged stolen platinum was kept for sale in Rustenburg and Brits. Hawks spokesperson, Tinyiko Mathebula, says the suspects face charges of illegal possession of precious metals and dealing in precious metals:

8 August, 2024

World

Indian wrestler Vinesh Phogat announces retirement after surprise disqualification at Olympics

Indian wrestler Vinesh Phogat (Veenay-sh Fo-gaat) has announced her retirement from the sport after being disqualified from the finals in the Paris Olympics. She was set to compete for the gold in the women's 53 kilogram category but could not make weight on the day of the fight - leading to her disqualification. Ishan Garg tells us more.

8 August, 2024

Namibia

Mining Sector Boosts Revenue and Employment

Vice President, Netumbo Nandi-Ndaitwah announced at the mining expo in Windhoek that the mining industry’s contribution to government revenue surged from N$ 4.4 billion in 2022 to N$ 6.8 billion in 2023. Mining remains the top sector for job creation in Namibia. She emphasized the benefits of refining domestic oil to lower costs and highlighted Namibia's significant uranium production, which is driving new projects. Nandi-Ndaitwah also noted progress in local […]

8 August, 2024