Future Media Archives - Page 71 of 260

UN Security Council extends mandate of the security mission to Haiti

The United Nations Security Council has approved the extension of the Multinational Security Support mission to Haiti by another year. Last year, the council authorized the Kenyan-led international security mission to assist the Caribbean country to help restore order against the ongoing gang violence. The United States requested the mission be changed to a full blown Peacekeeping operation but China and Russia opposed the move. Jody Jacobs reports from the […]

1 October, 2024

Africa

M23 Rebels Tighten Control Over DRC Coltan Mines, Generating $300,000 Monthly Revenue

The M23 rebel group has solidified its control over the Rubaya coltan-mining region in eastern Democratic Republic of Congo, imposing a production tax that brings in an estimated $300,000 monthly, according to a UN Security Council briefing says Reuters. The Tutsi-led group, allegedly supported by Rwanda, seized the mineral-rich area, vital for smartphone and computer manufacturing, after heavy fighting in April.

1 October, 2024

South Africa

Gauteng Legislature Calls for Stability and Swift Election Following Tshwane Mayor’s Removal

The Gauteng legislature’s portfolio committee on Co-operative Governance and Traditional Affairs has urged for stability in Tshwane following the removal of Mayor Cilliers Brink. Chairperson Mzi Khumalo emphasized the need for a quick mayoral election to maintain smooth municipal operations and uninterrupted service delivery. Spokesperson Pfano Bulasigobo stated the committee will remain engaged to ensure a transparent process prioritizing residents' needs.

1 October, 2024

Business / Economics

1 October 2024 Morning Biz News: Investment Reluctance, Amazon’s New Initiative, and Market Updates

A recent report from the 2023 Old Mutual Financial Services Monitor highlights a concerning trend among Namibians regarding investment habits. A significant portion of the population is hesitant to invest, with 37% unwilling to take on any investment risks. This reluctance is particularly pronounced among younger consumers, indicating a potential barrier to wealth accumulation and economic growth. In positive business news, Amazon has launched 'Shop Mzansi,' a new platform showcasing […]

1 October, 2024

Africa

Afreximbank to Partner with Africa Collective at Davos 2025

Afreximbank has been announced as the Host Partner for Africa Collective and the AfCFTA Secretariat at Davos 2025, alongside the World Economic Forum reports CNBCAfrica. This strategic partnership aims to highlight African trade and investment opportunities on a global stage, promoting collaborations for Africa’s development. Africa Collective, a platform for pan-African and international stakeholders, encourages the exchange of ideas and collaboration on opportunities across the continent.

1 October, 2024

Business / Economics

Experian Index Shows Slight Improvement in South African Consumer Credit Defaults

The latest Experian Consumer Default of South Africa Index has recorded a slight improvement in the credit defaulting behaviour of South African consumers. The improvement is across various loan types such as personal loans, home loans, vehicle loans and credit cards in the three months that ended in June. The index indicates how consumers appear to have marginally improved in their debt management. Experian's Jaco van Jaarsveldt told SABC News […]

1 October, 2024

Business / Economics

NIPDB to Implement New Governance Structure After Initial Operational Strategy

The Namibia Investment Promotion and Development Board will adopt a new governance structure following the conclusion of its 24-month operational strategy. This change coincides with the impending end of the Advisory Board's term, which has been in place since the institution's inception and will conclude on October 31st: The organization's Catherine Shipushu:

1 October, 2024

Namibia

Namibians Unite to Tackle Local Authorities and Banking Issues

Namibians are banding together to confront local authorities, councilors, technocrats, and lawyers they feel are compromising the interests of citizens. Activist Shaun Gariseb has stated that they intend to petition Parliament to address concerns within the banking sector, emphasizing the need for long-term solutions instead of short-term political benefits. Initial groundwork has already been laid to address the challenges presented by the existing banking system. The LPM's Lifalaza Simataa on […]

1 October, 2024

World

Biden to visit Hurricane Helene areas

US President Joseph Biden says he plans to visit areas hit by Hurricane Helene in the coming days but does not want his visit to delay getting supplies to the affected areas. More than 110 people are known to have died and at least 600 people are still missing across multiple states. Biden spoke about the effects of the storm from the White House on Monday.

1 October, 2024