Business and Finance

A recent parliamentary investigation has revealed a troubling lack of dam inspectors within the Department of Water and Sanitation. This alarming situation comes on the heels of the catastrophic failure of three dams in the Western Cape back in August. The aftermath of the collapse was devastating, as it displaced over a hundred individuals, wreaking havoc on their livelihoods and communities. To put things into perspective, dam owners are legally obligated to provide safety evaluations conducted by certified inspectors.…

The Central Bank of Libya has officially declared a halt to its operations following the alarming kidnapping of its IT chief by unidentified armed assailants. This disturbing event unfolds amid escalating tensions among various armed factions throughout the nation. Prior to this incident, gunmen had surrounded the bank's headquarters located in Tripoli, demanding the resignation of Governor Seddik al-Kabir. This bold move has sparked international outrage, notably from Richard Norland, the U.S. Ambassador to Libya. He…

The U.S. government is gearing up to embark on a significant railway initiative that extends from Angola to the Indian Ocean, passing through Tanzania. This ambitious venture, known as the Lobito Corridor, aims to create vital connections among various African nations, facilitating access to global markets while “bolstering regional trade and stimulating economic advancement.” On her latest visit to the area, Helaina Matza, the U.S. acting Special Coordinator for Partnership on Global Infrastructure and Investment, focused…

Pravin Gordhan, the former minister and notable anti-apartheid campaigner, has passed away. His legacy is celebrated for his unwavering integrity, exceptional leadership, and courage in combating state capture. Gordhan held the position of Minister of Finance for two significant periods: first from 2009 to 2014, and then again from 2015 to 2017. He also took on the role of Minister of Cooperative Governance and Traditional Affairs from 2014 to 2015, followed by his service as Minister of Public Enterprises from February…

In commemoration of International Day of Democracy, UN Secretary-General António Guterres delivered an insightful message highlighting the critical need to safeguard free expression. He also raised an alarm about the lurking dangers posed by Artificial Intelligence (AI). Guterres cautioned that if left unchecked, AI could wreak havoc on democratic frameworks, primarily by disseminating misleading information and inciting animosity among different groups. He pointed out that this year, the stakes are particularly high, as…

Farai Maguwu, the Director at the Center for Natural Resource Governance, has voiced strong apprehensions over such a proposal to cull elephants. He fears it would meet with intense backlash, reminiscent of the uproar following Namibia's similar decision. In Zimbabwe, approximately 100,000 elephants roam the land; however, the ecosystem can realistically support around 45,000. Complicating matters further, Zimbabwe faces restrictions on the sale of these majestic creatures due to the regulations set forth by the Convention…

One year has passed since a cataclysmic earthquake ravaged the High Atlas Mountains of Morocco, and the people on the ground express a sense of frustration over the sluggish pace of rebuilding efforts. Many remain in temporary tents, while others have been compelled to relocate entirely. Lisa Bryant reports for VOA on the ongoing struggle for recovery. This seismic event, registering a staggering 6.8 on the Richter scale, was the most powerful earthquake to strike Morocco in over a century. It hit on September 8, 2023,…

Bill & Melinda Gates Foundation reports that fortifying bouillon cubes in Nigeria with iron, folic acid, zinc, and vitamin B12 could prevent up to 16,6 million cases of anemia and save 11,000 children from neural tube defect-related deaths by 2050. The foundation calls on world leaders to increase investments in global health, focusing on child nutrition and well-being amid the growing climate crisis. The World Health Organization estimates that 148 million children are stunted, while 45 million are affected by…