insert_link Business / Economics 25 June 2024 Morning Biz News: Global Markets Navigate Volatility: Namibia’s Agricultural Imports Surge, Rand Weakens, Oil Prices Stable, Stocks Mixed Ahead of US Inflation Data In the dynamic landscape of global markets, several key developments have emerged, impacting economies and industries worldwide. Here's a comprehensive overview of the latest updates: 1. Namibia's Agricultural Imports Surge Amidst Economic Realities Namibia, a nation with a burgeoning agricultural sector, faced significant revelations as Eos Capital Managing Director, Immanuel Kadhila, disclosed that the country imported agricultural products amounting to N$22 billion in 2023. This figure starkly highlights Namibia's heavy […] today25 June, 2024
insert_link Africa Petrol Outlets Shut in Nigeria’s Northeast in Anti-Smuggling Protest Nearly 2,000 petrol outlets in Nigeria's northeast have closed to protest an anti-smuggling operation by the Nigeria Customs Service, which targeted some operators. Reuters reports that this shutdown, confirmed by Dahiru Buba, chairman of the Independent Petroleum Marketers Association of Nigeria for Adamawa and Taraba states, has forced motorists to buy fuel from the black market. The closures followed the impounding of tanker trucks and the shutting down of some […] today25 June, 2024
insert_link Namibia Trustco Group Holdings Announces $5 Million Share Repurchase Deal Trustco Group Holdings has completed a $5 million share repurchase agreement with the University of Notre Dame du Lac on the Johannesburg stock exchange. This deal involves acquiring 120.5 million shares, amounting to 12.8% of its total outstanding shares. The repurchased shares will be canceled as part of Trustco's effort to enhance shareholder value by buying back undervalued shares. Deputy CEO of Trustco Group, Quinton Van Rooyen Junior today25 June, 2024
insert_link Namibia Electoral Commission Welcomes International IDEA Delegation The Electoral Commission of Namibia is currently hosting Dr. Kevin Casas-Zamora, Secretary-General of the International Institute for Democracy and Electoral Assistance and his delegation in Windhoek. The Commission emphasized its appreciation for the support and expertise provided by International IDEA in strengthening Namibia's electoral systems and processes. ECN spokesperson De Wet Siluka. today25 June, 2024
insert_link South Africa South Africa Forms Government of National Unity After Historic Election Nearly a month after the African National Congress lost its parliamentary majority in the most competitive election since the end of apartheid, 10 South African political parties have agreed to form a government of national unity as reported by Reuters. This collaboration, involving parties across the political spectrum, marks the first time in the democratic era that the ANC will share power. today25 June, 2024
insert_link World Prosecutors say Boeing can be criminally charged over violating deal on Max 7 deaths Boeing could be criminally charged - as is being recommended by US prosecutors investigating two fatal crashes of their Max planes six years ago. The Department of Justice has until July 7 to decide whether to charge or extend a deal that avoids prosecution. Reporting for us is Caroline Malone. today25 June, 2024
insert_link Namibia Rehoboth Begins Traffi Light Installation at Key Intersection Rehoboth's Town Council has commenced phase one of installing traffic lights at the B1 Road and Bahnhof Street intersection, managed by Donny Investments CC. This project, part of the 2024/25 fiscal year's budgeted capital projects, aims to ensure orderly traffic flow, provide safe crossings, and reduce vehicle conflicts. Started on 10 June , the project is expected to be completed by 05 July. Road users are advised to treat the […] today25 June, 2024
insert_link World Biden slams Trump on two year anniversary of Roe V. Wade Monday marked two years since the United States Supreme Court overturned Roe v. Wade, ending the constitutional right to abortions. It's become a key political issue for voters, with access to terminations expected to play a key role in November's presidential election. Reporting for us is Sally Patterson from New York. today25 June, 2024
insert_link World UK Elections Betting Investigation widens An investigation into bets placed on the timing of the UK election is widening, according to reports. The Gambling Commission is understood to be looking into more people with links to the government and the Conservative Party. The regulator was already known to be investigating four individuals, including two Conservative candidates, over claims of a flurry of bets just before Prime Minister Rishi Sunak announced an election for July 4th. […] today24 June, 2024
