3 months ago

New Era Newspaper Tuesday January 9, 2018

  • Text
  • January
  • Tender
  • Namibia
  • Windhoek
  • Ministry
  • Region
  • Maize
  • Lesotho
  • Sadc
  • Tonnes


8 NEWS CAMERA EYE Tuesday, January 9 2018 | NEW ERA ACTIVE: Speaker of the National Assembly of Namibia Prof Peter Katjavivi (centre) chats to a fellow delegate during the 42nd Plenary Assembly Session of SADC PF. ENGAGED: Namibian MP Agnes Limbo speaks during the 42nd Plenary Assembly of SADC PF. - Photos: Moses Magadza COMMITTED: Speaker of the National Assembly of the United Republic of Tanzania, Job Ndugai, speaks during the 42nd Plenary Assembly Session of the SADC PF. PASSIONATE: South African MP Shaik Emam who chairs the Human Social Development and Special Programmes of SADC PF shares his views during the 42nd Plenary advocates for timely reporting, monitoring and evaluation during the 42nd Plenary Assembly Session of SADC PF. VOCAL: Havard-trained lawyer and Botswana Member of Parliament Duma Boko (standing) stresses a point during the 42nd Plenary Assembly Session of SADC PF in Windhoek. LEADING: The President of SADC PF Fernando da Piedade (left) arrives at NIPAM in Windhoek, Namibia with the Secretary General of SADC PF Dr Esau Chiviya and Clerks at Table in tow for the start of the 42nd Plenary Assembly Session of SADC PF.

NEW ERA Prioritise your savings Page 10 German metalworkers start strikes for 28-hour week Page 11 INSIDE BUSINESS This news is your business World stocks rally grinds higher; London hits new peak LONDON The global 2018 rally continued to grind higher yesterday, with London hitting an all-time peak amid broad gains in Asia and Europe. Asian equities mostly advanced following yet more records on Wall Street, with Hong Kong chalking up a blistering tenth day of gains. The positivity spilled over into Europe with London scaling another record pinnacle at 7,733.39 points, Frankfurt and Paris maintained momentum to gain about 0.3 percent each. “The FTSE 100 is little-changed... but having touched a new record at the beginning of the session, the broadly bullish trend remains intact,” said IG analyst Chris Beauchamp. Before the weekend, New York powered higher Friday with the Dow surging further above 25,000 points as bullish investors shrugged off a disappointing US jobs report. The Dow Jones Industrial Average its third straight record and the second close above the 25,000 landmark. Wall Street was unperturbed by a well-below-forecast jobs reading. Investors looked past news that 148,000 new jobs were created in December, well off the 190,000 expected. With the corporate earnings season about to begin, global equities continue to see in the new year on a positive note, with optimism boosted by a strong US economy -- and solid prospects elsewhere. There is “nothing to rattle investors at the moment”, ETX Capital analyst Neil Wilson told AFP. “For now, earnings expectations continue to rise and there is positivity about forthcoming US earnings season,” Wilson noted. In Asia, Hong Kong rose 0.3 percent to continue an impressive run of gains that have seen the Hang Seng to its highest level since late 2007. Shanghai jumped 0.5 percent while Tokyo was closed for a public holiday. from North and South Korea prepare 2015. - Nampa/AFP Photo: Bloomberg Two diamonds larger than 100 carats each found in Lesotho Mine Photo: Nampa/AFP JOHANNESBURG Gem Diamonds Ltd. has discovered two huge diamonds, each bigger than 100 carats, at its Lesotho mine in southern Africa. It unearthed the 117 carat and 110 carat D color Type IIa diamonds at the Letseng mine, Gem said in a statement on Monday. Type IIa diamonds contain very little or no nitrogen atoms and are the most expensive stones. The company’s stock rose as much as 8.2 percent in London trading. It’s a good start to the year following Gem’s discovery of at least seven stones bigger than 100 carats in before. It recovered a dozen diamonds bigger than 100 carats in 2015. Still, recent finds don’t compare with the largest at Letseng, renowned for the quality and size of its stones. Gem sold a 357-carat stone for US.3 million in 2015 and in 2006 found the 603-carat Lesotho Promise. Lucapa Diamond Co. also had a good new year, announcing on Monday that it had discovered 103 carat and 83 carat diamonds at its operations in Angola. The company’s a 404 carat stone that sold for US million in 2016. WE WOULD LIKE TO HEAR FROM YOU Participate in our surveys and stand a chance to WIN a weekend away for two at any NWR Resort worth N$ 5000. Visit to participate.

New Era

New Era Newspaper Vol 22 No 167