insert_link Business / Economics Central Procurement Board Awards Over N$3.2 Billion in Projects The Central Procurement Board has awarded 164 projects totaling more than N$3.2 billion during the first half of the year. At a media briefing in Windhoek, it was disclosed that 91 projects are progressing well, while 16 are significantly delayed, three have been terminated, and 31 are awaiting status updates. Acting Executive for public procurement management, Immanuel Kambinda. The |Khomas Region received the highest contract value at over N$4 billion, […] todayOctober 24, 2024 17
insert_link Business / Economics September Sees Global Interest Rate Cuts to Stimulate Economic Growth September was a significant month in the global financial landscape, with major economies such as the United States, European Union, China, South Africa, and Namibia implementing interest rate reductions. These cuts came after a prolonged period of low economic growth and were largely anticipated by markets as a strategy to stimulate economic activity and lower borrowing costs. Almandro Jansen: Simonis Storm Economist. todayOctober 24, 2024 17
insert_link South Africa DA Welcomes Arrest of Louis Liebenberg and Associates in Multi-Billion Rand Diamond Scam South Africa's DA has welcomed the arrest of Louis Liebenberg, his wife Dezzi, and seven associates for their alleged involvement in a four-billion-rand diamond investment scam. Liebenberg is known for funding Jacob Zuma’s legal battles. DA spokesperson Willie Aucamp praised former member of Parliament Veronica van Dyk’s role in exposing the scheme, despite facing intimidation and lawsuits: todayOctober 24, 2024 78
insert_link Business / Economics 24 October 2024 Biz News: Coastal Tourism Thrives Amidst Global Economic Shifts: A Look at September 2024’s Key Developments in Namibia and Beyond In September 2024, the coastal region witnessed a remarkable surge in tourism activity, achieving an impressive occupancy rate of 74.45%, the highest recorded in the country. This growth has been attributed to a variety of social, sporting, and leisure events, such as annual marathons and regional festivals, according to The Brief publication. The influx of visitors not only boosted local businesses but also underscored the region's potential as a vibrant […] todayOctober 24, 2024 11
insert_link Africa Nigerian President Tinubu Reshuffles Cabinet Amid Economic Challenges Nigerian President Bola Tinubu has dismissed five ministers and appointed seven new ones in a major cabinet reshuffle aimed at improving government efficiency. Key appointments, according to Duetsche Welle, include new ministers for humanitarian affairs, trade, labor, and livestock development. Ten other ministers were reassigned to different portfolios, as the country grapples with worsening economic conditions and public discontent. todayOctober 24, 2024 3
insert_link Science & Technology Microsoft says Iranian hacking group targeting US election Microsoft says Iranian hackers have conducted surveillance on US election-related websites and media outlets. The software company has warned that this could be a prelude to direct influence operations with just under two weeks to go until the presidential election. Ira Spitzer reports. todayOctober 24, 2024 27
insert_link World UN suspends polio vaccine drive in the north of Gaza The United Nations has been forced to pause it's polio vaccination drive in the north of Gaza. More than 100 thousand children were to receive the second dose of the vaccine but due the escalating violence this is now not possible. Jody Jacobs has more from the United Nations Headquarters in New York. todayOctober 24, 2024 13
insert_link South Africa S.A’s Ramaphosa Calls for UN Security Council Reform at BRICS Summit S.A's President Cyril Ramaphosa has called for stronger global cooperation and reform of the United Nations Security Council at the 16th BRICS summit in Kazan, Russia. During his address, he urged BRICS nations to promote peace and development, while expressing support for Palestinian rights. He stated that the current structure fails to represent the global community's interests and has been ineffective in maintaining international peace and security: todayOctober 24, 2024 12
insert_link Namibia Ren-Form Threatens Legal Action Over Alleged Links to Zimbabwean Businessman Wicknell Chivayo Reports indicate that South African company Ren-Form CC has threatened legal action after being associated with controversial Zimbabwean businessman and ex-convict Wicknell Chivayo. Ren-Form, selected to print Namibia's ballot papers for the upcoming presidential and National Assembly elections, denies the accusations. Mathopo Attorneys, representing Ren-Form, labeled the claims as false, malicious, and unfounded. todayOctober 24, 2024 10