insert_link Business / Economics 7-14 March 2024 Weekly Economics Wrap: Key Developments Shaping Markets Namibia Focus: The Ministry of Industrialisation and Trade continues its commendable efforts in nurturing entrepreneurship within Namibia. Approximately 2000 Macro, Small, and Medium Enterprises (MSMEs) have undergone entrepreneurship training under the EMPRETEC Namibia program since its inception in 2019. This week, an additional 188 MSMEs commenced their training, signaling continued support for the growth and development of entrepreneurial skills in the business sector. The Pupkewitz Group, a prominent player […] todayMarch 14, 2024 11
insert_link World UN aid facility attacked in Rafah The United Nations says Israeli Forces have hit a food distribution centre in the eastern part of Rafah in the Gaza Strip. One UNRWA staff member was killed in the attack and at least 22 people were injured. Jody Jacobs reports. todayMarch 14, 2024 6
insert_link Namibia Bank of Namibia Investigates Unlicensed Banking Activities by CBI Exchange Namibia The Bank of Namibia has undertaken an investigation into the business operations of CBI Exchange Namibia and Coenraad Barend Nolte Botha, who are suspected of engaging in banking activities by accepting deposits from the public without proper licensing. Neither CBI Exchange Namibia nor Coenraad Barend Nolte Botha were authorized by the central bank to carry out banking operations. This information was provided by Kazembire Zemburuka, the Director of Strategic Communications […] todayMarch 14, 2024 21
insert_link Business / Economics 14 March 2024 Morning Biz News: Strategic Expansion: Namib Desert Diamonds Targets Far East Markets Namib Desert Diamonds (NAMDIA) has set its sights on the Far East, with a strategic push into markets in Vietnam and Hong Kong. This move, spearheaded by Alisa Amupolo, the Chief Executive Officer of NAMDIA, aims to leverage emerging opportunities and position the company for substantial revenue growth in the region. The announcement of this expansion underscores the growing significance of Far East markets in the global diamond trade. With […] todayMarch 14, 2024 10
insert_link Namibia Activist Rosa Namises Discusses High Youth Unemployment and Parents’ Pension reliance Activist Rosa Namises comments on the situation where, according to the Namibia Statistics Agency's initial findings, over 71.1% of the population under 35 years of age, out of the total population exceeding 3 million, are predominantly unemployed. This alarming rate of youth unemployment contributes to a greater reliance on their parents' Old Age Pension, currently set at N$1600 per month. todayMarch 14, 2024 5
insert_link South Africa National Union of Metalworkers of South Africa Prepares for National Strike Amidst Disputes in Bus Passenger Sector The National Union of Metalworkers of South Africa has accused employers in the bus passenger sector of instigating a potential national strike by insisting that workers absorb contract penalties and establishing a two-tier labor market. Following unsuccessful negotiations and a minimal wage increase offer, the union has rejected these demands and is gearing up for industrial action. Numsa is advocating for adjustments to allowances, medical insurance, and working hours, alleging […] todayMarch 14, 2024 6
insert_link World Trump expected to attend Florida hearing over classified documents Donald Trump is expected to attend a hearing in the federal case over his handling of classified documents after leaving office. The former president's lawyers are seeking to have the criminal charges dismissed ahead of a trial. Ira Spitzer reports. todayMarch 14, 2024 14
insert_link Namibia Namibia’s Youthful Demographic Challenges: Population Hits Three Million Alex Shimuafeni, the statistician general of the Namibia Statistics Agency, has disclosed that Namibia's population has reached three million, with a significant portion of 2.1 million being young individuals. This demographic trend is anticipated to perpetuate issues such as youth unemployment, poverty, and inequality, according to experts. The data unveiled an increase in the country's population from 2.1 million in 2011 to three million in 2023. Statistics indicate that 71.1% […] todayMarch 14, 2024 12
insert_link South Africa City of Cape Town Takes Legal Action Against Extortionists Delaying MyCiTi Bus Service Expansion The City of Cape Town has revealed that internal procedures are in progress to file an interdict application against extortionists responsible for obstructing the construction of the MyCiTi bus service in Mitchells Plain. This 340-million-rand initiative is a crucial component of the broader rollout of the MyCiTi service to Mitchells Plain, Khayelitsha, Claremont, and Wynberg. Rob Quintas, Mayoral Committee Member for Urban Mobility, has indicated that the interdict is anticipated […] todayMarch 13, 2024 21
