Author: hei




NSX DAILY UPDATE (10 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 226,990.00 8,793,367.38100.00%
ETFs -   -  0.00%
Total 226,990.00 8,793,367.38 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 8,793,367.38 worth of shares was traded on the NSX on Monday with about N$   951,816 worth of Anglo-American and N$     8,571 worth of FirstRand Namibia on the home front. No ETFs were traded on Monday.

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American performance on the stock exchange declined as the index declined as market participants fears for another inflation hike
  • Shares belonging to FirstRand Namibia were traded on the local bourse, with a slight increase in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5042.500.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6030.610.03%
Standard Bank NamibiaSNO4.904.900.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM558.60551.02-1.36%
B2Gold CorporationB2G61.1658.01-5.15%
Oceana Group LimitedOCG56.0054.69-2.34%
Mediclinic International PlcMEP99.4098.48-0.93%
TruworthsTRW51.3751.510.27%
Nedbank Group LimitedNBK198.33197.30-0.52%
Standard Bank GroupSNB144.67145.270.41%
Shoprite HoldingsSRH215.00216.380.64%
FirstRand LimitedFST60.8561.160.51%
Momentum Metropolitan HoldingsMMT15.0715.070.00%
Old Mutual LtdOMM9.709.66-0.41%
Sanlam LimitedSLA49.9250.220.60%
Santam LimitedSNM245.60247.000.57%
Vukile Property Fund LimitedVKN13.0813.150.54%
Investec LimitedIVD77.8978.010.15%
PSG Konsult LimitedKFS10.8010.800.00%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD287.38282.10-1.84%
New Gold Palladium ETFNGNPLD396.97392.47-1.13%
New Gold Platinum ETF NNGNPLT162.19157.84-2.68%
New Funds S&P NAM BondNFNAMA17.1917.330.81%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.16
EUR/NAD17.59
GBP/NAD20.04
EUR/GBP0.87
EUR/USD0.96
GBP/USD1.10
AUD/USD0.62
USD/JPY145.81
Commodities @ 08:00 
Gold1,671.35
Silver19.42
Platinum896.05
Palladium2,180.02
WTI90.66
Brent95.81

Table 5: Exchange Rates and Commodities 


Local News

Standard Bank Namibia has raised N$400 million for various renewable energy projects. (Sun Newspaper)

Energy Minister Tom Alweendo says the partnership between Qatar and Namibia on the discovery of oil in the Orange basin is a win-win scenario (New Era Newspaper)

Considered a source of living for many informal settlement residents and the homeless, scrap metal has pushed up a N$35 million export bill in August, and over N$1 billion over the last years. (The Namibian)

Sub-Sahara News

The North Gauteng High Court in Pretoria has dismissed a bid to have the environmental authorization for Eskom's proposed gas power plant in Richards Bay overturned but has taken aim at the deficient public participation process. (News24)

Zimbabwe’s miners do not expect any significant impact from the government’s proposal to collect royalties in the form of refined minerals, the country’s Chamber of Mines said on Monday (CNBC Africa)

Gambians are calling for justice for 69 children who died from acute kidney injuries linked to India-made cough syrups. India says it suspended the licenses of the drug manufacturer and is investigating the tragedy. (All Africa News)

International News

China is using its financial and scientific muscle to manipulate technologies in a manner that risks global security, Britain's top cyber spy will say on Tuesday, warning that Beijing's actions could represent "a huge threat to us all." (Reuters)

European stocks look set to extend gains from the previous session on Tuesday as Treasury yields eased from levels not seen in roughly a decade on expectations for less aggressive action by the U.S. Federal Reserve. (RTT News)

The attack on the Kerch Strait Bridge has highlighted that nowhere in Ukraine is Russia invulnerable. (Aljazeera News)

NSX DAILY UPDATE (07 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 264,644.00 9,983,762.93100.00%
ETFs -   -  0.00%
Total 264,644.00 9,983,762.93 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$  9,983,762.93 worth of shares was traded on the NSX on Friday with about N$  425,652 worth of Anglo-American and N$    14,025 worth of Namibia Breweries on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American performance on the stock exchange barely changed on the bourse as market sentiments displayed mixed behavior
  • Shares belonging to Namibia Breweries were traded on the local bourse, with a decline in price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5142.50-0.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.6030.600.00%
Standard Bank NamibiaSNO4.704.904.26%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM558.45558.600.03%
B2Gold CorporationB2G60.9761.160.31%
Oceana Group LimitedOCG54.7556.002.28%
Mediclinic International PlcMEP98.7799.400.64%
TruworthsTRW51.2351.370.27%
Nedbank Group LimitedNBK195.87198.331.26%
Standard Bank GroupSNB144.51144.670.11%
Shoprite HoldingsSRH215.81215.00-0.38%
FirstRand LimitedFST60.8960.85-0.07%
Momentum Metropolitan HoldingsMMT15.0215.070.33%
Old Mutual LtdOMM9.629.700.83%
Sanlam LimitedSLA50.0049.92-0.16%
Santam LimitedSNM247.00245.60-0.57%
Vukile Property Fund LimitedVKN12.9513.081.00%
Investec LimitedIVD76.8077.891.42%
PSG Konsult LimitedKFS10.8610.80-0.55%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD285.98287.380.49%
New Gold Palladium ETFNGNPLD396.61396.970.09%
New Gold Platinum ETF NNGNPLT159.11162.191.94%
New Funds S&P NAM BondNFNAMA17.2217.19-0.17%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.17
EUR/NAD17.66
GBP/NAD20.00
EUR/GBP0.88
EUR/USD0.97
GBP/USD1.10
AUD/USD0.63
USD/JPY145.37
Commodities @ 08:00 
Gold1,693.70
Silver19.75
Platinum909.75
Palladium2,182.02
WTI91.85
Brent97.06

Table 5: Exchange Rates and Commodities 


Local News

Between 2015 and 2020, farmers paid about N$217.5 million for losses to livestock and wildlife.  (Sun Newspaper)

Energy minister Tom Alweendo last week again admitted that government is gravely concerned about Namibia’s increasing fuel price. (New Era Newspaper)

Mineworkers Union of Namibia says more than 200 of their members have been suspended at the B2Gold Otjikoto Mine after they refused to work over the normal eight hours per day without compensation. (The Namibian)

Sub-Sahara News

PetroSA acting CEO Sandisiwe Ncemane said the entity was looking to leverage strategic partnerships to bolster its downstream business and develop refinery capacity as fuel imports rose in recent months. (News24)

Shares of Kenyan telecoms operator Safaricom SCOM.NR surged more than 9% on Friday after it secured a mobile financial services license in Ethiopia, market participants said. (CNBC Africa)

No fewer than 35,000 persons have been reported killed in Northern Nigeria and 1.8 million others displaced in Borno, Adamawa, and Yobe states since 2009 when Boko Haram launched its insurgency. (All Africa News)

International News

As Japan throws open its doors to visitors this week after more than two years of pandemic isolation, hopes for a tourism boom face tough headwinds amid shuttered shops and a shortage of hospitality workers. (Reuters)

The UK government decided to abandon its plan to scrap the 45 percent tax rate, which was announced just 10 days before, after coming under severe criticism for such relaxation for the high earners at the time of rising living costs. (RTT News)

North Korea has said its recent barrage of missile launches were “tactical nuclear” drills personally overseen by leader Kim Jong Un, and a response to joint United States-South Korea naval exercises. (Aljazeera News)

NSX DAILY UPDATE (06 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 473,228.00 24,908,103.36100.00%
ETFs -   -  0.00%
Total 473,228.00 24,908,103.36 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 24,908,103.36 worth of shares was traded on the NSX on Thursday with about N$ 4,065,455 worth of Anglo-American and N$      1,049,100 worth of Capricorn Group on the home front. No ETFs were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

  • Anglo-American performance declined as the resource-linked indices closed in negative territory.
  • Shares belonging to Capricorn Group were traded on the local bourse, with no change in price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5142.510.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP13.0013.000.00%
First Rand NamibiaFNB30.5630.600.13%
Standard Bank NamibiaSNO4.714.70-0.21%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual-Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM575.48558.45-2.96%
B2Gold CorporationB2G60.5460.970.71%
Oceana Group LimitedOCG55.1954.75-0.80%
Mediclinic International PlcMEP99.1298.77-0.35%
TruworthsTRW50.8251.230.81%
Nedbank Group LimitedNBK197.50195.87-0.83%
Standard Bank GroupSNB144.90144.51-0.27%
Shoprite HoldingsSRH212.92215.811.36%
FirstRand LimitedFST60.9660.89-0.11%
Momentum Metropolitan HoldingsMMT15.2215.02-1.31%
Old Mutual LtdOMM9.639.62-0.10%
Sanlam LimitedSLA50.1450.00-0.28%
Santam LimitedSNM248.50247.00-0.60%
Vukile Property Fund LimitedVKN12.6512.952.37%
Investec LimitedIVD76.2676.800.71%
PSG Konsult LimitedKFS10.8810.86-0.18%

Table 3: Dual-Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD284.24285.980.61%
New Gold Palladium ETFNGNPLD386.00396.612.75%
New Gold Platinum ETF NNGNPLT156.67159.111.56%
New Funds S&P NAM BondNFNAMA17.1817.220.23%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.00
EUR/NAD17.62
GBP/NAD20.04
EUR/GBP0.87
EUR/USD0.97
GBP/USD1.11
AUD/USD0.64
USD/JPY145.00
Commodities @ 08:00 
Gold1,721.35
Silver20.84
Platinum928.10
Palladium2,272.02
WTI88.47
Brent94.44

Table 5: Exchange Rates and Commodities 


Local News

Mineworkers Union of Namibia (MUN) says government officials who act as regulators but also maintain private business interests compromise the regulatory role the state is expected to play in labor matters. (Sun Newspaper)

The NamWater vocational training center will not enroll new students next year as the institution will realign its strategic plans (New Era Newspaper)

Namibia is set to supply Zambia with over 100,000 barrels of fuel a day through a 2,000km oil and gas pipeline stretching from Walvis Bay to Lusaka. (The Namibian)

Sub-Sahara News

Central banks around the world are in a race to increase their rates amid an inflation crisis. While the SA Reserve Bank started hiking before many others, the pressure is on not to fall behind.. (News24)

South Africa has submitted an investment plan to donors who have pledged $8.5 billion to accelerate the country’s transition to renewable energy that could serve as a model for other emerging economies, two sources familiar with the matter said. (CNBC Africa)

Security experts say Somalia's government must focus on strengthening its security system to defeat the terrorist group al-Shabab. The latest intensified military offensive against the Islamist militants sparked counterattacks in the south and central regions of the country. (All Africa News)

International News

President Joe Biden took steps to overhaul U.S. policy on marijuana on Thursday by pardoning thousands of people with federal offenses for simple marijuana possession and initiating a review of how the drug is classified. (Reuters)

European stocks bounced back on Friday, as government bond yields pulled back from recent highs and new data showed the U.K. economy has not yet fallen into a recession. (RTT News)

The United States has sanctioned a group of Myanmar businessmen and their company accused of supplying Russian-made weapons to the military regime that seized control of the country in last year’s coup. (Aljazeera News)

NSX DAILY UPDATE (05 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 856,169.00 24,468,001.78100.00%
ETFs -   -  0.00%
Total 856,169.00 24,468,001.78 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 24,468,001.78 worth of shares was traded on the NSX on Wednesday with about N$ 2,943,683 worth of Investec Limited and N$      7,306,318 worth of Capricorn Group on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

  • Investec Limited shares were sold off by market participants resulting in a decline in share price at closing
  • Shares belonging to Capricorn Group were subscribed by market participants resulting in a 14.54% soar in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5142.510.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3513.0014.54%
First Rand NamibiaFNB30.5630.560.00%
Standard Bank NamibiaSNO4.714.710.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM583.86575.48-1.44%
B2Gold CorporationB2G59.8660.541.14%
Oceana Group LimitedOCG56.0055.19-1.45%
Mediclinic International PlcMEP99.4499.12-0.32%
TruworthsTRW51.0150.82-0.37%
Nedbank Group LimitedNBK197.50197.500.00%
Standard Bank GroupSNB145.46144.90-0.38%
Shoprite HoldingsSRH217.55212.92-2.13%
FirstRand LimitedFST61.5060.96-0.88%
Momentum Metropolitan HoldingsMMT16.4315.22-7.36%
Old Mutual LtdOMM10.069.63-4.27%
Sanlam LimitedSLA52.5350.14-4.55%
Santam LimitedSNM250.59248.50-0.83%
Vukile Property Fund LimitedVKN12.6012.650.40%
Investec LimitedIVD76.3176.26-0.07%
PSG Konsult LimitedKFS10.7310.881.40%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD283.75284.240.17%
New Gold Palladium ETFNGNPLD400.93386.00-3.72%
New Gold Platinum ETF NNGNPLT159.24156.67-1.61%
New Funds S&P NAM BondNFNAMA17.1517.180.17%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD18.07
EUR/NAD17.41    
GBP/NAD19.04
EUR/GBP0.91
EUR/USD0.96
GBP/USD1.14
AUD/USD0.64
USD/JPY144.15
Commodities @ 08:00 
Gold1,731.30
Silver20.83
Platinum927.50
Palladium2,277.52
WTI87.57
Brent93.21

Table 5: Exchange Rates and Commodities 


Local News

The uncapped and unmanageable routes into Namibia from Angola continue to be a headache to Namibian authorities. (Sun Newspaper)

Development Bank of Namibia (DBN) has announced that it has provided N$155 million in finance for the City of Windhoek’s Khomas substation. (New Era Newspaper)

The International Monetary fund (IMF) has again called on the government to continue cutting expenditure, rein in ever-increasing debt and not allow it to become unsustainable. (The Namibian)

Sub-Sahara News

Consultancy McKinsey SA has withdrawn from doing work for Business for South Africa, a volunteer business grouping set up to combat the Covid-19 pandemic. (News24)

Ethiopia’s government has accepted an invitation by the African Union to participate in peace talks aimed at ending a two-year conflict with rival Tigray forces, the prime minister’s national security adviser said on Wednesday. (CNBC Africa)

SADC strategies such as Vision 2050, the Regional Indicative Strategic Development Plan, and the Industrialisation Strategy and Roadmap aim to harness technological innovation to boost region-wide industrialization for sustainable and inclusive economic well-being. An anticipatory approach to industrial policymaking and governance could pave the way toward the necessary transformation articulated in these strategies. (All Africa News)

International News

North Korea fired two short-range ballistic missiles into the sea on Thursday in the direction of Japan, after the return of a U.S. aircraft carrier to the region and a U.N. Security Council meeting in response to the North's recent launches. (Reuters)

Asian stocks followed Wall Street higher on Thursday after the Bank of England stepped in to buy U.K. debt. (RTT News)

Frustrated with China’s “zero-COVID” lockdowns halting production at a moment’s notice, manufacturers are seeking alternatives to the world’s biggest economy and No 1 manufacturing hub. Vietnam, with its cheap labor, geographic proximity to China, and stable political environment, is a key beneficiary. (Aljazeera News)

Hospitality Statistics: National Occupancy rates for Namibia July 2022

The National occupancy rates increased to 51% for July 2022. This reflects an improvement from 32.1% that was recorded in June 2022 see figure 1 below. According to the Hospitality Association of Namibia, the majority of guests that took up most of the accommodation establishments were from Central Europe, followed by guests originating from German-speaking countries of Germany, and the least number of guests were from the USA accounting for 57%, 31.3%, and 4.29% respectively. 

Positive occupancy rates and a growth in tourist arrivals from 23, 338 for June 2022 to 34, 943 recorded in July 2022. This reflects that the recovery of the tourism sector is on the right track. The positive outlook is further augmented by the growth reflected by a rebound in the hotels and restaurants sector by 4.4% during the second quarter of 2022.  We expect the tourism sector to maintain a strong growth momentum for the rest of the year. This is reflected by the positive trends in international arrivals and the upturn in demand for accommodation services.

Figure 1: National Occupancy rates vs. HKIA arrivals, Namibia (July 2021- July 2022)

Source: H.A.N, NAC & HEI RESEARCH

NSX DAILY UPDATE (04 OCTOBER 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 260,521.00 5,167,134.08100.00%
ETFs -   -  0.00%
Total 260,521.00 5,167,134.08 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 5,167,134.08 worth of shares was traded on the NSX on Tuesday with about N$ 3,426,221 worth of Namibia Breweries and N$     1,174,996 worth of Oryx Properties Limited on the home front. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

  • Namibia Breweries shares were allotted by market participants with no change in share price at closing
  • Shares belonging to Oryx Properties Limited were traded by market participants resulting in no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS42.5142.510.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.3511.350.00%
First Rand NamibiaFNB30.5630.560.00%
Standard Bank NamibiaSNO4.714.710.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.672.670.00%
Namibia Asset ManagementNAM0.670.670.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.017.010.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM564.45583.863.44%
B2Gold CorporationB2G58.1259.862.99%
Oceana Group LimitedOCG55.6156.000.70%
Mediclinic International PlcMEP99.0099.440.44%
TruworthsTRW49.8851.012.27%
Nedbank Group LimitedNBK198.51197.50-0.51%
Standard Bank GroupSNB143.23145.461.56%
Shoprite HoldingsSRH215.60217.550.90%
FirstRand LimitedFST60.8961.501.00%
Momentum Metropolitan HoldingsMMT16.6616.43-1.38%
Old Mutual LtdOMM9.8910.061.72%
Sanlam LimitedSLA51.4052.532.20%
Santam LimitedSNM248.66250.590.78%
Vukile Property Fund LimitedVKN12.3212.602.27%
Investec LimitedIVD74.0076.313.12%
PSG Konsult LimitedKFS10.6510.730.75%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD281.02283.750.97%
New Gold Palladium ETFNGNPLD388.96400.933.08%
New Gold Platinum ETF NNGNPLT154.97159.242.76%
New Funds S&P NAM BondNFNAMA17.0017.150.88%

Table 4: ETFs


Exchange Rates @ 08:00 
USD/NAD17.63
EUR/NAD17.57    
GBP/NAD20.20
EUR/GBP0.86
EUR/USD0.99
GBP/USD1.14
AUD/USD0.65
USD/JPY144.28
Commodities @ 08:00 
Gold1,730.60
Silver20.93
Platinum931.85
Palladium2,332.77
WTI86.59
Brent91.95

Table 5: Exchange Rates and Commodities 


Local News

It is expected that about 750,000 people in Namibia may face acute food insecurity by January to March 2023. (Sun Newspaper)

Minister of Fisheries said the ministry, is in consultation with the labor ministry to try and plead for the 612 fishermen who resigned from Cavema joint venture, to get their jobs back. (New Era Newspaper)

The Communications Regulatory Authority of Namibia (Cran) has confirmed a sharp increase in “brute-force” hacking attempts in Namibia (The Namibian)

Sub-Sahara News

Eskom has started buying power from Zambia and is looking at Mozambique and the private sector for more electricity. (News24)

South African retailer Massmart Holdings MSMJ.J said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to find domestic buyers for the stores failed. (CNBC Africa)

In Malawi, hundreds of refugees and asylum seekers held protests Tuesday over delays in promised cash assistance to buy food. Protesters told VOA they have waited almost four months for promised handouts and are struggling to feed their families. (All Africa News)

International News

South Korea and the U.S. military conducted rare missile drills and an American supercarrier repositioned east of North Korea after Pyongyang flew a missile over Japan, one of the allies' sharpest responses since 2017 to a North Korean weapon test. (Reuters)

Asian stocks tumbled on Wednesday as hawkish Fed talk added to worries about a looming recession. (RTT News)

Russia’s forces occupying Ukraine’s southern Black Sea region of Kherson have suffered serious territorial losses to Kyiv’s troops over recent days, maps published by Moscow’s defense ministry show (Aljazeera News)


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