leonard witbeen

08 May 2024: Morning Biz News: Global Economic Update: NamPower Secures Funding, Amazon Enters South Africa, Nigeria Imposes Money Transfer Levy, Dollar Strengthens

1. NamPower Secures N$2.6 Billion from World Bank for Energy Project: Namibia's power utility, NamPower, has clinched a significant funding boost from the World Bank. The N$2.6 billion secured for its Transmission Expansion and Energy Storage Project marks a pivotal moment, representing the first energy project support from the World Bank to Namibia. The investment will be channeled towards bolstering the country's transmission network, signaling a commitment to enhancing […]

8 May, 2024 22

World

TikTok sues over potential U.S ban

TikTok and its Chinese parent company ByteDance have sued the US government over a new law that could potentially see the platform banned nationwide within a year…unless it's sold to a non-Chinese company. When passing the law last month, US lawmakers expressed fear that the Chinese government could force TikTok to turn over user data … or to manipulate algorithms to influence public opinion.

8 May, 2024 25

South Africa

Western Cape Premier Alan Winde has cautioned the media and the public against the spread of fake news

Western Cape Premier Alan Winde has cautioned the media and the public against the spread of fake news, including playing politics in the wake of the five-story George building collapse. He emphasised the need to focus on the rescue efforts, with 47 people still trapped under the rubble and six confirmed dead. Winde condemns the reports of misinformation, including false claims about the number of casualties:

8 May, 2024 123

Namibia

Business Association Proposes Government Ownership of 50% of Natural Resources

The Namibian Local Business Association suggests that the government should own 50% of Namibia's natural resources to ensure more significant benefits for Namibians. Peter Amadhila, Naloba's vice president, proposed this after a meeting with the Minister of Mines and Energy, Tom Alweendo. Alweendo hinted at the government acquiring shares in the mining industry for free, although the exact percentage hasn't been specified. This idea has drawn criticism from Veston Malango, […]

8 May, 2024 49

World

Thousands of protestors have joined pro-democracy demonstrations in Berlin

Thousands of protestors have joined pro-democracy demonstrations in Berlin in support of a politician who was attacked on Friday. The assault on the centre-left social democrat has been condemned across the political spectrum, including from centre-left Chancellor Olaf Scholz and the Conservative opposition leader. From Berlin, Trent Murray reports.

7 May, 2024 25

World

DA says the ANC government is to blame for the local and international sentiment being at an all-time low in the country

The DA says the ANC government is to blame for the local and international sentiment being at an all-time low in the country. This comes as oil giant Shell plans to divest from South Africa, which will entail the sale of its downstream assets. The DA’s, Dion George, says investors, already disillusioned by the ANC’s unviable approach to running an economy, are fleeing the country at the prospect of an […]

7 May, 2024 27

Namibia

Health and Social Services minister highlights Africa’s Health Workforce Challenges

Health and Social Services minister, Dr. Kalumbi Shangula, addresses the Africa Health Workforce Investment Summit, highlighting Africa's critical shortage of health professionals. With a ratio of 1.55 health workers per 1,000 population, far below the WHO threshold of 4.45, access to healthcare services across the continent is severely limited. Shangula emphasizes the challenges of shortages, retention issues, and burnout among healthcare workers, hindering the delivery of quality healthcare, particularly in […]

7 May, 2024 23

Uncategorized

Donald Trump could face jail time if he continues to violate his gag orders,

Donald Trump could face jail time if he continues to violate his gag orders, according to the judge overseeing his hush money trial. The former president is banned from commenting publicly about witnesses, jurors and some other people related to the case. He's previously been fined thousands of dollars for ignoring the order during his high-profile New York trial, which has just entered its fourth week. Trump faces 34 felony […]

7 May, 2024 29

Namibia

Oshikoto Region Mulls Trimester School System for 2025

The Directorate of Education, Arts, and Culture in Oshikoto Region proposes reintroducing a trimester system for schools starting 2025, based on feedback from stakeholders including learners, teachers, and parents. Concerns around semesters and trimesters were discussed, with support for trimesters due to their perceived benefits for exam preparation. The education directorate is gathering feedback to submit to the Ministry of Education, Arts, and Culture. Additionally, parents are urged to monitor […]

7 May, 2024 27