insert_link Business / Economics 24 July 2024 Morning Biz News: Financial Brief: Key Updates on Pension Schemes, Currency Movements, and Commodities GIPF’s Pension-Backed Housing Loan Scheme Gathers Momentum The Government Institutions Pension Fund (GIPF) is poised to enhance its financial offerings with an innovative pension-backed housing loan scheme. This initiative will be facilitated through GIPF’s subsidiary, Kuleni Financial Services, and housing loan fund manager, First Capital Treasury Solutions. The Memorandum of Agreement (MoA) for the scheme is currently under review by the Office of the Prime Minister, as reported by The […] todayJuly 24, 2024 24
insert_link Namibia Bank of Namibia hosts 2024 Tertiary Institutions Debating Challenge The Bank of Namibia will host the 2024 Tertiary Institutions Debating Challenge, a key public education initiative designed to enhance critical thinking and debate on economic and central banking issues among Namibian youth. This year’s debate included a preliminary round for the first time. Sandra Garises, the Bank's principal communication officer. todayJuly 24, 2024 32
insert_link South Africa S.A’s Ramaphosa Pledges to Build on Sixth Administration’s Progress In South Africa, President Cyril Ramaphosa has pledged to build on the progress made by the sixth administration. During the Presidency's budget vote, he highlighted contributions from the Presidential Economic Advisory Council, the State Owned Enterprises Council, and the Climate Commission. He also praised the National Anti-Corruption Advisory Council and the Presidential Working Group on Disability for their roles in advancing social and economic change. todayJuly 24, 2024 28
insert_link Namibia Agriculture Ministry Bans Cattle Movement in Opuwo Urban Due to CBPP Outbreak The Agriculture, Water and Land Reform ministry has banned cattle movement in and out of Opuwo Urban Constituency after a contagious bovine pleuropneumonia outbreak in Okapundja village according to The Brief reports. Detected on 1 July, the outbreak affected a herd of 30 cattle, with eight testing positive and one dying. The Ministry, invoking the Animal Health Act, has also suspended cattle gatherings, initiated active disease surveillance, and set up […] todayJuly 24, 2024 16
insert_link World Typhoon Gaemi barrels towards Taiwan, expected to make landfall Wednesday Tropical Storm Gaemi has developed into a typhoon and will potentially make landfall in Taiwan's northeastern county of Yilan on Wednesday. It's expected to bring downpours to northern Taiwan and mountainous areas nationwide, as Laura Westbrook reports. todayJuly 23, 2024 22
insert_link Namibia DA Raises Alarm Over Critical Shortage of African Horse Sickness Vaccines in Gauteng In S.A, The DA in Gauteng has expressed concern that horse breeders and owners are once again facing a critical shortage of African Horse Sickness vaccines. Recently only 120 vaccine doses have been released. The AHS vaccine is exclusively produced by Onderstepoort Biological Products, a state-owned enterprise responsible for manufacturing essential veterinary vaccines in the country. The DA’s, Bronwynn Engelbrecht, says the current shortage can be attributed to typical problems […] todayJuly 23, 2024 28
insert_link Uncategorized India to unveil its first budget since Modi returned to power India is unveiling its first budget under Prime Minister Narendra Modi's third term. Mr Modi has promised to focus on increasing savings for the middle class and more government spending and tax cuts are also on the table. Rebecca Bundhun reports from Mumbai. todayJuly 23, 2024 15
insert_link Namibia Minister Kawana Pledges Support to Namibian Police Amidst Ongoing Challenges The Home Affairs minister, Albert Kawana, has assured that the ministry will tackle the issues confronting the Namibian Police Force as funding becomes available. Speaking at the official opening of the week-long Namibian Police Force senior commander conference in Ongwediva, Kawana acknowledged the numerous challenges facing the police. He emphasized that combating crime is not solely the police’s responsibility but requires a collaborative approach, involving various institutions that address […] todayJuly 23, 2024 24
insert_link South Africa South AFrican Union Accuses Department of Higher Education of Irresponsibility Over Unspent Funds The South African Federation of Trade Union has accused the Department of Higher Education of being irresponsible, after returning 580-million-rand in unspent funds to the National Treasury. This was during former minister Blade Nzimande's tenure. The money could have funded a total of nine-thousand-and-71 students for one academic year. Simultaneously, the department paid seven-million-rand annually to 30 suspended employees. Saftu’s spokesperson, Trevor Shaku, says this underspending is mismanagement by the […] todayJuly 23, 2024 28