Osino Resources Corp (Osino) says limitations of the Namibian domestic market in securing funding from local institutions were a key factor in seeking external financing for the development of its Twin Hills project. This comes as the gold exploration company is close to finalising its acquisition by Chinese company Yintai Gold Co in a N$5.3...
Australia’s parliament has passed a motion calling on the US and UK to release Julian Assange, ahead of a crucial legal hearing. Mr Assange will appear in front of the UK’s High Court next week for his final appeal against US extradition. The Australian citizen, currently in London’s Belmarsh Prison, is wanted in the US...
By Elezo Libanda Katima Mulilo, November 21 – Sinvula Mudabeti, the National Chairperson of the Namibian Lives Matters Movement, announced the passing of one of its founding members, Nchindo Mubonenwa, earlier this morning. Though no further details were shared, the next of kin have been informed. Mudabeti described the late Nchindo as fearless. “It is...
Staff Reporter RAYMOND Ackerman, the visionary entrepreneur who founded South Africa’s iconic Pick n Pay retail chain, passed away peacefully at the age of 92 on September 6, 2023. Ackerman’s death marks the end of an era in African retailing, as he leaves behind a legacy that transformed the country’s grocery industry and endeared him...
Trustco Group Holdings has announced a transformative step in its thirty-one-year journey. Its founding shareholders, Dr. Quinton van Rooyen and Next Capital (Pty) Ltd, the investment vehicle of the Van Rooyen family (“Next”), have offered to convert a N$1.4 billion loan into ordinary Trustco shares. The offer entails that Next will have an option to...
FTX founder Sam Bankman-Fried has pleaded not guilty to fresh charges on Tuesday. As Sally Patterson reports he faced a new indictment accusing him of fraud and conspiracy in a New York Federal Court. Last year, Bankman-Fried was charged by the U.S. government of orchestrating one of the largest financial frauds in history. Earlier this...
FTX founder Sam Bankman-Fried was sent to jail on Friday after a US judge revoked his bail. The cryptocurrency wiz federal had his bail revoked over alleged witness tampering. His lawyers say they will appeal the decision. Sally Patterson reports from New York. The post FTX founder Sam Bankman-Fried sent to jail first appeared...