After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years, despite recent signs of slowing inflation.
Month: July 2023
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Namcor to address African Energy Week 2023
Namibia, an emerging exploration frontier in Africa, is filled with abundant opportunities for discovery, propelled by the influential role of its national oil company, the National Petroleum Corporation of Namibia (Namcor).
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G20 energy ministers fail to agree
Energy ministers from the group of 20 nations meeting in India Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix. A final statement after the meeting did not even mention coal, a major contributor to global warming.
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ReconAfrica exceeds fundraising target…raises N$133 million to drill additional Kavango wells
The Canadian company exploring for black gold in the Kavango regions, Reconnaissance Energy Africa, last week announced it managed to raise just over US$7.4 million (about N$133 million) to continue its Namibian drilling campaign. Recon exceeded initial expectations as it aimed to raise US$6.5 million.
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NAFAU secures 7% for PnP Namibia employees
Pick n Pay Namibia and the Namibia Food and Allied Workers Union (NAFAU) signed a substantive agreement on 10 July 2023.
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Opinion – Russia and Africa: Joining Efforts for Peace, Progress and a Successful Future
On July 27-28, St Petersburg will host the second Russia-Africa Summit and Russia-Africa Economic and Humanitarian Forum.
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Mr and Miss Face of Namibia 2023 coronation at N/a’an ku sê
As the countdown begins for the Mr and Miss Face of Namibia pageant, contestants are preparing to shine on stage, hoping to impress the distinguished panel of judges with their unique qualities and talents.
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Opinion – University rankings necessary despite causing a stir
Different systems of university rankings have released results of the 2024 world and continental rankings of universities. While there have been some deserved celebrations by top performing universities and those who support university rankings, the practice has caused some serious stir in the camp of universities and stakeholders which are against these university log standings.
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Opinion – The value of fighting corruption
It is not easy to define corruption. But in a narrow sense, corruption is mostly concerned with bribery, nepotism and embezzlement, and it takes several forms. Corruption is a global phenomenon and it is omnipresent.
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Adequate correctional staff critical to safety – Mbumba
Adequate correctional facilities’ staff is critical in order to ensure safety and security on a 24-hour basis, while creating a conducive environment for the effective delivery of rehabilitation programmes.