insert_link Business / Economics 13 June 2024 Morning Biz News: Biz News Roundup: Key Developments in Property Legislation, Corporate Earnings, Oil Prices, and Currency Movements Property Practitioners Bill Introduced in Parliament In a significant legislative move, the Namibian Parliament has introduced the Property Practitioners Bill, aiming to overhaul and modernize the country’s property sector. According to a report by The Brief, this Bill is set to replace the outdated Estate Agents Act of 1976. The proposed legislation will establish the Property Practitioners Regulatory Authority, which is designed to enhance consumer protection and ensure more […] today13 June, 2024
insert_link Namibia Challenges Strain Namibian Public Health Pharmacies Deputy Health Minister, Ester Muinjangue highlighted severe strain on Namibia's public health pharmacies at the 2024 National Pharmaceutical Services Forum, citing an average of 60 patients per pharmacist daily. She pointed to high patient loads hindering comprehensive care and counseling, worsened by medication shortages and procurement delays. Muinjangue outlined strategies like the National Medicines Policy and diversified sourcing for solutions. Health Executive Director. Ben Nangombe noted structural issues causing stockouts, […] today13 June, 2024
insert_link Africa Nigeria’s President Tinubu Vows Economic Reforms Amid Rising Public Anger President Bola Tinubu of Nigeria assured on Wednesday that economic reforms will persist despite growing public discontent fueled by increasing hardships as reported by Reuters. He announced plans to soon present an executive bill to parliament aimed at establishing a new minimum wage. Tinubu, in office for a year, eliminated a longstanding petrol subsidy that artificially suppressed prices and contributed to currency devaluation, resulting in inflation rising to 33.69% in […] today13 June, 2024
insert_link Namibia Environment Minister Shifeta Assesses Stranded Hippos Along Drying Chobe River Environment, Forestry, and Tourism Minister, Pohamba Shifeta visited and assessed the pond along the Chobe River, where approximately 135 hippos are stranded due to the river's continued drying. Here is Minister Shifeta. today13 June, 2024
insert_link South Africa First Fatal Case of Mpox Reported in South Africa As Health Minister Urges Vigilance Reuters has disclosed that South Africa recorded its initial fatality from the viral infection monkey pox, as confirmed by its Health Minister, Joe Phaahla during a Wednesday news conference. The 37-year-old man passed away at Tembisa Hospital on Monday, marking the first death following five laboratory-confirmed cases in the past month. Phaahla emphasized the importance of prevention and management, stating, "One death is too many, especially from a preventable and […] today13 June, 2024
insert_link Business / Economics US central banks keeps interest rate unchanged and hits at just one future cut The US Federal Reserve says it intends to bring down interest rates by the end of the year — but only once, quashing any expectations of much sharper cuts. The country's central bank left borrowing costs on hold between 5.25%-5.5%, a 23-year high. As our correspondent Benji Hyer reports. today13 June, 2024
insert_link World Hunter Biden faces more legal problems after conviction The guilty verdicts against Hunter Biden marks the first time the child of a sitting US president has been convicted. But it doesn't cap the end of his legal problems. Sentencing is ahead… but so is another trial, later this year, on tax fraud. As Nick Harper reports for us from Washington. today13 June, 2024
insert_link Namibia Telecom Namibia Partners with Sparkle for High-Speed Equiano Subsea Cable Access Telecom Namibia has announced a partnership with global operator Sparkle to gain access to the Equiano subsea cable, connecting Portugal to South Africa. This collaboration enhances Telecom Namibia's capabilities with high-speed and low-latency services. The national telecom company's investments now include five major submarine cable systems. Telecom's spokesperson, Nomvula Kambinda. today13 June, 2024
insert_link Namibia Strengthening Foundations Key to Educational Success in Kunene A solid educational foundation is crucial for student success, according to Sophia Fredericks, Director of Education in the Kunene Region. She emphasized that poor performance in grades 11 and 12 is largely due to weak early education foundations. The region is now focusing on improving education from pre-primary to grade 7, with efforts including teacher training and new resources. Despite challenges, there has been a slight improvement in regional rankings […] today13 June, 2024
