Author: Correspondent (Correspondent )

Stock markets fell Wednesday as indicators and comments from central bankers further dented hopes for interest rate cuts, while oil kept rising after an attack on a ship in the Red Sea stoked supply worries.

The European Union yesterday announced the creation of an “AI Office” of tech experts, lawyers and economists to regulate artificial intelligence under a sweeping new law.

Wealthy countries met their target of providing US$100 billion in annual climate aid to poorer countries for the first time in 2022 though two years later than promised, the OECD said yesterday. 

The coalition advocating a basic income grant, which would provide a monthly payment to every Namibian from birth to 59 years, is ramping up pressure on the government to address poverty and its consequences.

The Tsumkwe integrated community-based food system project is expected to enhance the socio-economic livelihood of the community by promoting food production.

The Windhoek High Court on Monday issued a final interdict preventing 26 dismissed Namib Mills employees from “harassing” the company or coming within 70 metres of any of its premises countrywide.

The Ongwediva Town Council has tabled its N$192.4 million budget for the 2024/25 financial year on Monday.

The Oshakati Town Council on Friday tabled its provisional budget of about N$243.6 million for the financial year 2024/25. The budget is subject to approval by the Ministry of Urban and Rural Development.

The Tsumeb Municipality has allocated N$36.8 million for the construction of a sand filtration plant to address the contaminated water sources, which has become a huge challenge for the town.