CAPE TOWN – With no financial support amidst Uganda’s Covid-19 mitigation measures, motorcycle taxi drivers are suing the government for denying them the right to full operation within the regulatory framework as all other businesses are permitted to do. Uganda’s ‘boda-boda’ drivers association, the native name for motorcycle taxi drivers in Uganda, say the government...
LONDON – World stock markets advanced yesterday, spurred higher by investor hopes over upcoming US earnings and a coronavirus vaccine, dealers said. Asian and European equities bounded higher as investors followed a strong performance on Wall Street, though a spike in Covid-19 infections capped gains. Oil prices fell on festering fears over demand-destroying coronavirus, and...
GROOTFONTEIN – The Grootfontein municipality is set to draft and implement a five-year strategic plan to guide the town’s development agenda in which it seeks to attract long-term investors. The municipality says the current strategic plan was not put in use, thus council hopes to revive and update it with the aim pinned on long-term...
The Construction Industries Federation of Namibia (CIF) has called for further opportunity for stakeholders to be engaged and give feedback on the latest draft of the Namibian Equitable Economic Empowerment Bill (NEEEB). The CIF, as the voice of the Namibian construction industry, made this call amidst speculation that there will be no further public consultations...
A Cabinet Committee has expressed satisfaction with the work carried out on the multi-million-dollar expansion of the Hosea Kutako International Airport (HKIA) project and reiterated government’s support for the completion of the project. The Cabinet Special Committee on the Expansion of the Hosea Kutako International Airport (HKIA) this week inspected the construction site of the...
CORDOBA – The Santos Bar, across from Cordoba’s celebrated mosque, would normally be groaning with tourists tucking into its trademark Spanish tortillas. But with the coronavirus pandemic, “everything’s dead”, the owner says. The Mezquita, an eighth-century mosque later turned into a cathedral, is the most visited site in the Andalusian town in southern Spain. But...
BEIJING – China returned to growth in the second quarter after the coronavirus pandemic handed the world’s second-largest economy its first contraction in decades, according to an AFP poll of analysts. The survey of analysts from 11 institutions pegged China’s growth at 1.3% – a far cry from the 6.1% expansion posted last year but...
An extremely disappointing speculative BB Fitch rating and an economy on the edge of an abyss have prompted Team Namibia to call for a drastic improvement on Namibia’s appeal to domestic and foreign investors.
TSUMEB – A last stake of employees at B&E International Namibia North, a company contracted by Weatherly Mining, who were producing copper at the Tschudi Mine, downed tools this week following a severance pay dispute.
The Transportation Commission of Namibia has suspended Air Namibia’s Scheduled Air Services Licence with effect from 23h59 yesterday (Wednesday 8 July 2020).