24 November 2023

– The National Petroleum Corporation of Namibia has reported an unprecedented net loss of N$700 million, according to unaudited financial statements as of 31 March 2023. NAMCOR’s Acting Managing Director Shiwana Ndeunyema noted that the substantial loss has raised concerns and shed light on the challenges faced by the state-owned entity, particularly in the downstream sector. – The Brief

– The Kenyan president has said his government is ready to privatise 35 state-owned companies which he said were currently functioning inefficiently due to bureaucracy. In a bid to boost productivity, President William Ruto said 100 other firms were also being looked at for possible privatisation. – BBC

– The world’s biggest iceberg is on the move after more than 30 years being stuck to the ocean floor. At almost 4,000 sq km in area, it’s more than twice the size of Greater London. – BBC

– Wales will play Finland in their Euro 2024 play-off semi-final in Cardiff on 21 March. The winner will earn a home tie against either Poland or Estonia five days later in a play-off final to reach the tournament proper in Germany. – BBC Sport

– Heatwave conditions will continue over the interior with moderate to heavy falls expected today and over the weekend.