Weekly Economics Wrap: 18-July 25, 2024

Weekly Economics Wrap: 18-July 25, 2024

Namibia Pension-Backed Housing Loans: The Government Institutions Pension Fund (GIPF) is advancing plans for a pension-backed housing loan scheme. The initiative will leverage its subsidiary Kuleni Financial Services and housing loan fund manager First Capital Treasury Solutions. A Memorandum of Agreement is under review by the Office of the Prime Minister, as reported by The Brief. Coastal Desalination Project: NamWater and Husab Mine are set to achieve financial closure […]

July 25, 2024 17

South Africa

Tshwane Mayor Cilliers Brink Claims No Confidence Motion Targets Accountability

In S.A, Tshwane mayor Cilliers Brink says the motion of no confidence against him is aimed at taking the metro back to the days of looting, mismanagement, and no accountability. The ANC wants to remove the DA mayor because it says service delivery and Tshwane’s finances have deteriorated during his tenure. Brink says it is clear that they want to remove him because of the new performance requirements for a […]

July 25, 2024 22

Namibia

Windhoek to Renew Water Management MoU with San Antonio

The City of Windhoek is set to renew its Memorandum of Understanding on water management with San Antonio, Texas, USA. Mayor Ron Nirenberg of San Antonio will lead a delegation on a five-day visit to Windhoek from 24-28 July, culminating in the signing of the revised MoU. The visit will include tours of key projects such as the direct potable reuse plant, the Goreangab Water Reclamation Plant, and an affordable […]

July 25, 2024 39

World

Typhoon Gaemi hits Taiwan

At least two people are dead and hundreds injured as typhoon Gaemi hits Taiwan. The storm is bringing intense winds, rain, and storm surge, and has forced the closure of schools and businesses for a second day. Chris Gilbert reports.

July 25, 2024 21

South Africa

TLU SA Criticizes Rhetoric and Legislation Affecting Economy and Agriculture

TLU SA says socialist rhetoric, unattainable expectations, and racially driven legislation regarding private property rights have severely undermined the economy and agricultural sector. The agricultural organisation has launched the Charter for the Protection of Private Property Rights. TLU SA’s general manager, Bennie van Zyl, says individuals and social institutions must stand together against any encroachments on private property:

July 25, 2024 28

World

Curfew still in place in Bangladesh

Bangladesh's government says it will only take a call on lifting a nationwide curfew - that has been in place for over a week now - if no clashes are reported on Friday. Hundreds have been killed in protests that started last week over demands that a quota system for government jobs be scrapped. The country's Supreme Court has drastically brought down the number of reserved jobs but students say […]

July 25, 2024 29

World

Time to “pass the torch,” says President Biden

US President, Joseph Biden has told the American people that "the best way forward is to pass the torch to a new generation," just days after he withdrew his re-election bid. In a primetime address from the Oval Office — his first publicly televised remarks since bowing out of the 2024 Presidential race — Joe Biden offered a defence of his record, but said it's time for "new, fresh, younger […]

July 25, 2024 21

South Africa

AfriForum Criticizes South Africa’s Water Security Plans for Lack of Infrastructure Renovation

In South Africa, AfriForum says the Department of Water and Sanitation’s water security and sanitation service delivery plans will be futile if concrete plans for renovating municipal distribution networks are not included. Currently, the department has 14 major national water resource infrastructure projects valued at more than 100-billion-rand, which are in different stages of implementation around the country. AfriForum’s, Marais de Vaal, says the department’s current plan does not offer […]

July 25, 2024 19

Namibia

Paolenta Kevo Reflects on Logos Hope’s Impact in Namibia

Logos Hope, the renowned floating book fair and outreach vessel, has recently concluded a remarkable visit to Namibia, leaving a lasting impression on both the crew and the thousands of visitors who stepped aboard. Paolenta Kevo, the Project Manager for the Logos Hope's Namibian visit, shared heartfelt reflections on the journey, expressing gratitude and highlighting the profound experiences gained.

July 25, 2024 15