The Association of International Energy Negotiators (AIEN) has appointed managing partner of SNC Incorporated, Shakwa Nyambe, as its president-elect for 2024-2025.
Business
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TotalEnergies to develop North Sea offshore wind hub
TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded a maritime concession by the German Federal Network Agency after auctions were held in that country.
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Primary sector still drives domestic economy
Namibia Statistics Agency (NSA) CEO Alex Shimuafeni says domestic economic activity increased by 4.7% during the first quarter of 2024.
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Rössing shipped 3.7m pounds of yellowcake to China
During 2023, Rössing Uranium produced 6.4 million pounds of uranium ore concentrate, also known as yellowcake, and sold 6.9 million pounds of the precious resource.
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Swiss central bank cuts rate for second straight time
The Swiss National Bank announced yesterday its second straight interest rate cut, after becoming in March the first Western central bank to slash borrowing costs that had been raised to battle inflation.
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Stockholm stock exchange fined US$10 mn
Sweden’s financial watchdog said yesterday it had fined the Stockholm stock exchange close to US$10 million for failing to detect and report suspected insider trading.
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EU rebukes France for breaking budget rules
The EU yesterday reprimanded France for breaching the bloc’s budget rules under president Emmanuel Macron, 10 days before snap elections marked by lavish spending promises.
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De Beers calls aspiring jewellery designers
Entries for the 2024 De Beers Group Shining Light Awards (SLA) jewellery design competition are officially open.
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Unchanged repo rate depresses property market
To preserve the one-to-one peg between the Namibia Dollar and the South African Rand and to protect the domestic economy, the Bank of Namibia’s Monetary Policy Committee (MPC) decided to leave the repo rate unchanged at 7.75%.
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London regains stock market crown
The London Stock Exchange is once again Europe’s biggest stock market by valuation after reclaiming the crown from Paris as France is rocked by political turmoil.