insert_link Business / Economics 7 November 2024 Morning Biz News Update: Global Economic Trends and Market Reactions In the midst of economic uncertainty and fluctuating markets, key events have been shaping global financial trends this week, with implications for businesses and markets across Africa and beyond. Afreximbank Trade Finance Seminar at Windhoek Country Club Resort The Windhoek Country Club Resort is currently hosting the Afreximbank Trade Finance Seminar and Workshop, bringing together industry experts and stakeholders to foster intra-Africa trade and address challenges in the current global […] todayNovember 7, 2024 8
insert_link Business / Economics 4 November 2024 Morning Biz News: Namibia’s Economic Growth and Opportunities: A Business Overview The Namibian economy is witnessing significant developments across various sectors, with ambitious plans and partnerships paving the way for growth. The Namibia Berries Project is leading the charge with a strategic expansion plan that aims to increase its cultivated area by 75 hectares annually. Founder Michael Rodenburg has set a target of reaching 240 hectares by 2026, with a long-term vision of 500 hectares. The project's scalability will […] todayNovember 4, 2024 17
insert_link South Africa Eskom says the generation fleet is gradually becoming more reliable Eskom says the generation fleet is gradually becoming more reliable, resulting in load-shedding being suspended. Today marks the 47th consecutive day with no blackouts. The power utility’s spokesperson, Daphne Mokwena, says the suspension of load-shedding is primarily due to the continued, sustained improvement in generation performance. She says this is owing to extensive planned maintenance during the summer period and the implementation of the Generation Operational Recovery Plan in March: […] todayMay 13, 2024 30
insert_link Namibia Tragic Drowning of 24-Year-Old Man in Kavango River Mathias Lisovi, a 24-year-old man, drowned in the Kavango River at Siyena village in the Kavango West Region. The incident occurred around 6am on Wednesday, confirmed by Namibian Police Force Chief Inspector Raimbert Muronga. Lisovi was preparing to cross the river in a canoe with his mother when he slipped and fell into the water. Despite immediate search efforts by police and community members, he has not been located yet. […] todayMay 10, 2024 11
insert_link World Stormy Daniels back in court for Trump hush money trial The adult film star at the centre of Donald Trump's hush money trial is back on the stand on Thursday. It's the second day of Stormy Daniels' testimony - where she is being cross-examined by the defence. Meanwhile, Trump says he has filed a motion challenging the gag order which prevents him from speaking about the jury or witnesses in the case. He's pleaded not guilty to 34 counts of […] todayMay 10, 2024 36
insert_link Namibia Swapo Party Aims to Reclaim Two-Thirds Majority Lost in 2019 Elections Secretary General Sophia Shaningwa of the ruling Swapo Party expressed the party's goal to regain the two-thirds majority it lost in the 2019 general elections. At a mini rally in Tuhingireni informal settlement, Shaningwa highlighted the historical support from the Kavango regions and emphasized the importance of mobilizing voters for the upcoming elections in June and November 2024. Additionally, she advocated for the revival of green schemes in Kavango East […] todayMay 10, 2024 29
insert_link South Africa Build One South Africa warns against the influence of Zimbabwean political party Zanu-PF in South African politics Build One South Africa warns against the influence of Zimbabwean political party Zanu-PF in South African politics. The party denounced the ANC's acceptance of assistance from Zanu-PF for the upcoming elections, citing the party’s history of rigging elections and oppressive rule in Zimbabwe. BOSA’s Stevens Mokgalapa asserts such collaboration reflects a desperation for power at any cost and rejects it. Mokgalapa calls for transparency and integrity in the election process: […] todayMay 10, 2024 43
insert_link Business / Economics U.S unemployment claims hit highest level since August The U.S economy has seen the highest number of unemployment claims since last August. The Federal Reserve has been trying to dampen hiring in an effort to get inflation under control, but the latest weekly figures may raise fears of an increased level of layoffs. Nick Harper reports from Washington. todayMay 10, 2024 35
insert_link South Africa Energy Council of South Africa Denies Electioneering And Credits Progress in Tackling Electricity Crisis The Energy Council of South Africa says the current load-shedding reprieve is not electioneering, but the consequence of government and business making headway to solve the country’s electricity crisis. Former Eskom CEO, André de Ruyter, claimed that Eskom was burning more diesel resulting in increased expenditure. He said in 2022 the power utility burned about 19-billion-rand of diesel and last year, nearly 30-billion-rand. The council says the progress made in […] todayMay 10, 2024 7