TotalEnergies, operator of OML 58 onshore licence in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field.
Month: June 2024
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Europe stocks rise with French vote on horizon
European stock markets attempted to rebound yesterday, despite jitters over the first round of French elections taking place this weekend.
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Trustco to buy back shares for N$90m
Trustco Group Holdings Limited yesterday stated it has entered into an agreement to buy back a significant block of publicly-traded shares on the Johannesburg Stock Exchange from the University of Notre Dame du Lac (Notre Dame), for US$5 million (over N$90 million) in cash.
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New visa regime to promote fairness … northern hospitality achieves highest occupancy
The success of government’s decision to implement visa requirements for those countries that require visas from Namibians will largely depend on the industry’s ability to mitigate the impact and negotiate agreements to sustain domestic tourist inflows.
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Parliament wants more teeth in national budget
In its quest for greater autonomy and involvement in the national budget rather than being reduced to rubberstamping, the National Assembly went on a benchmarking exercise to determine the best modalities to implement at home.
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Pharmacies caught in price-fixing
Over 200 local pharmacies have been found to have engaged in price-fixing during the last 15 years.
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Prioritise local manufacturing – Kandorozu
National Unity Democratic Organisation presidential hopeful Vetaruhe Kandorozu is concerned about foreign dominance in Namibia’s manufacturing industry.
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Drought drives expensive maize imports
Namibia’s persistent and severe drought has forced the country to import maize at a significant cost.
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Rundu meter tender challenge lacks urgency
The Windhoek High Court has struck from the roll a case in which Netvend Metering Solutions accused the Rundu Town Council of awarding a multi-million-dollar tender to supply smart prepaid meters to a company without prior experience.
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‘Our children deserve equality’: Dausas
Everyone deserves freedom because everyone is free. One cannot be grounded while others are free.