leonard witbeen Archives - Page 126 of 167

14 February 2024 Morning Biz News: Economic Insights: Namibia’s Wind Energy Potential, Rand Weakens, OPEC’s Oil Demand Forecast, and Global Market Shifts

A Comprehensive Overview of Key Economic Developments and Financial Indicators 1. McKinsey & Company Report Highlights Namibia's Wind Energy Revenue Potential A recent McKinsey & Company report underscores Namibia's potential to generate N$13.9 billion in revenue by 2050 through local production of wind turbine towers and blades. The report breaks down the potential contribution, with a direct impact of 30%, an indirect contribution of 41%, and an induced contribution of […]

14 February, 2024

Namibia

US House Republicans second attempt at Mayorkas impeachment

Republicans in the US House of Representatives are voting for a second time to impeach the Homeland Security Secretary amid a row over immigration. Last week, the House voted against holding Alejandro Mayorkas responsible for the flow of migrants across the US-Mexico border. Nick Harper reports from Austin, Texas.

14 February, 2024

Namibia

South Africa Deploys 2,900 Troops to Eastern DRC to Address Decades-long Conflicts

South African President Cyril Ramaphosa authorizes the deployment of 2,900 members of the South African National Defense Force to the Eastern Democratic Republic of Congo. The move aims to address decades-long conflicts between rival armed groups over land and resources, resulting in significant casualties and displacements. Spokesperson Vincent Magwenya confirms a budget allocation of over two billion rand for this deployment until December 15th.

14 February, 2024

Namibia

NamWater Awards N$935 Million Tender to Chinese Firm for Oshakati Water Purification Facility

The Namibia Water Corporation decides to award a N$935 million tender to Chinese company Shaanxi Construction Engineering Group for the construction of a water purification facility at Oshakati. Concerns arise as the winning bid is N$447 million more expensive than one of the competitors. Bid documents reveal that Shaanxi Construction Engineering Group initially submitted a bid of around N$790 million. Despite bids from eight other Chinese companies, the award goes […]

14 February, 2024

South Africa

Outrage as Eskom Fails to End Load-Shedding, Despite Stabilization Claims

The South African Federation of Trade Unions expresses outrage as Eskom management and the government struggle to halt load-shedding, despite President Cyril Ramaphosa's assurances of stabilizing the energy supply. Over the weekend, Eskom implemented stage six load-shedding after losing nine generating units, totaling 4,400 megawatts. Saftu's spokesperson, Trevor Shaku, voices concern over the ANC's attempts to rationalize poor Eskom management, emphasizing the need for effective solutions to address the ongoing […]

13 February, 2024

World

Delhi turns into a fortress as thousands of farmers march towards the Indian capital

New Delhi has turned into a fortress as thousands of farmers march towards the capital from neighbouring states to demand assured prices for their crops. Police in Delhi have sealed the borders in order to stop protesting farmers from entering the city. Prohibitory orders against large gatherings, protests have been put in place for the next one month. Priyata Brajabasi is reporting from one Delhi border that has been sealed. […]

13 February, 2024

World

Lloyd Austin will not travel to Europe this week due to ongoing health issues

The US Defense Secretary will not travel to Brussels for NATO and Ukraine meetings, after being hospitalised again on Sunday. The Pentagon said his deputy is acting up and will go to Europe in his place. Caroline Malone reports from Washington.

13 February, 2024

South Africa

Widespread Search Underway for Escaped Offender from Mamelodi Regional Hospital

The South African Department of Correctional Services, in collaboration with law enforcement agencies, initiates a large-scale search operation for Clatta Gumbo, an offender who escaped from Mamelodi Regional Hospital in Pretoria. Admitted in August 2018, Gumbo is serving a life sentence for rape, kidnapping, and assault at Baviaanspoort Correctional Centre in Tshwane. The department's spokesperson, Singabakho Nxumalo, confirms the ongoing efforts to locate and apprehend the escaped offender.

13 February, 2024

World

India’s Paytm shares slump to record low following downgrade

Shares of Indian digital payments company Paytm slumped to a record low below 390 rupees. This came after brokerage Macquarie downgraded the stock, which follows India's central bank ordering Paytm to halt a large part of its business by the end of this month. Rebecca Bundhun reports from Mumbai.

13 February, 2024