insert_link Business / Economics 25 September Morning Biz News: Global Markets Surge Amid China’s Stimulus, While Namibia’s Economic Growth Slows to 3.5% in Q2 Namibia's Economic Growth: The economy expanded by 3.5% year-on-year in Q2 2024, a slowdown from the 4.3% recorded in Q1 and slightly lower than the 3.6% growth in Q2 2023. This marks 13 consecutive quarters of growth since the Q1 2021 contraction. For Q2, nominal GDP reached N$59.5 billion, with real GDP standing at N$39.1 billion. Safaricom Raises $116.73 Million: Kenya's largest telecom operator, Safaricom, raised $116.73 million through […] todaySeptember 25, 2024 12
insert_link Business / Economics President Cyril Ramaphosa of S.A has set a new investment target of two-trillion-rand by 2028 President Cyril Ramaphosa of S.A has set a new investment target of two-trillion-rand by 2028, following the early achievement of South Africa’s previous 1.2-trillion-rand goal. The president, leading South Africa’s delegation to the 79th UN General Assembly, also rang the New York Stock Exchange closing bell, accompanied by NYSE president Lynn Martin and other officials. Speaking at the SA-US business forum, Ramaphosa invited US investors to explore opportunities in sectors […] todaySeptember 25, 2024 27
insert_link World High-Level UN Meeting Kicks Off in New York as Leaders Tackle Global Challenges Nearly 120 Heads of State and Government have gathered in New York for the High-Level UN meeting, where the general debate is set to begin. UN Secretary-General António Guterres urged member states to revive multilateralism amid global crises. US President Joe Biden is expected to address the Assembly on Tuesday. Jody Jacobs is there for us and now reports from the United Nations in New York. todaySeptember 25, 2024 10
insert_link 3 Business / Economics Agronomic Board Chair Calls for Review of SACU Agreement to Enhance Trade Balance Hubertus Hamm, Chairperson of the Agronomic Board, has emphasized the need to review the Southern African Customs Union agreement to tackle ongoing trade challenges reports The Brief. He stated that Namibia, as a SACU member, seeks balanced trade and equitable development among member states. Hamm highlighted the importance of reforms to prevent any single member state from disproportionately benefiting, which could destabilize the region’s economic equilibrium. todaySeptember 25, 2024 15 3
insert_link Business / Economics 24 September 2024 Morning Biz News: Bank Windhoek’s Sustainability Bond Success and Global Financial Updates Bank Windhoek’s Sustainability Bond Fully Allocated Bank Windhoek has fully allocated the N$407 million raised from its inaugural Sustainability Bond, issued in 2021. According to reports by The Brief, the bond was released in two tranches, with the first tranche raising N$227 million in June 2021, followed by a second tranche in December of the same year, raising N$180 million. This bond forms part of Bank Windhoek's efforts to […] todaySeptember 24, 2024 15
South Africa UDM Raises Alarm Over South Africa’s Healthcare Crisis In S.A, the United Democratic Movement's acting secretary general, Zandile Phiri, has voiced concerns about South Africa’s deteriorating healthcare system, citing job cuts, maladministration, and poor conditions. Issues include the abandonment of the Kopano Hospital Complex in Welkom, unpaid bills causing emergency line disruptions in the Eastern Cape, and medicine shortages in Mpumalanga. She urges immediate government action to restore healthcare services: todaySeptember 24, 2024 15
insert_link Business / Economics SWAPO Plans to Revive Air Namibia with New Strategy At the launch of SWAPO's election manifesto, Vice President and presidential candidate Netumbo Nandi-Ndaitwah outlined the party’s intention to revive Air Namibia reports the Namib Pulse. The airline, which shut down in 2021, had significant liabilities exceeding its assets and relied on government bailouts for over 20 years. The revival plan aims to avoid previous financial pitfalls with a more strategic approach. todaySeptember 24, 2024 14
insert_link World Security beef up around United Nations Precinct New York City's East side is gridlocked, as world leaders and their entourages descend on the city for annual United Nations High level week. Jody Jacobs reports from New York. todaySeptember 24, 2024 20
insert_link World Modi says Quad nations are “not against anyone” Indian prime minister Narendra Modi has said that the Quad group of nations - made up of the US, Australia, Japan, and India - is "not against anyone", as leaders from the bloc met over the weekend amid their concerns about China's rising influence in the Indo-Pacific region. Modi is on a three-day visit to the United States. Rebecca Bundhun reports from Mumbai. todaySeptember 23, 2024 24