Via The Africa Report, a look at whether – with Shell writing down a $400m investment, and Chevron backing out – questions should arise about Namibia’s hopes to become a frontier oil producer: Namibia, once considered the “last frontier” for untapped oil reserves, has been the focus of global energy giants since major offshore discoveries […]
Read more »Via Bloomberg, a look at China’s interest in Namibia’s uranium sector: Nation wants to boost its role in global clean energy push China’s top diplomat is in Namibia as part of Africa visit Namibia, one of the world’s largest uranium producers, is seeking investment from China in nuclear power to boost its role in the […]
Read more »Courtesy of The Financial Times, a report on Namibia’s plans to double GDP growth from oil and gas finds: Namibia could double its annual GDP growth to 8 per cent within a decade and reduce its dependence on diamonds because of new offshore oil and gas finds, according to the southern African country’s mining and energy […]
Read more »Via Bloomberg, an article on an innovative blue finance initiative in Namibia: Bond will be listed on the Namibia Stock Exchange in 2025 The seaweed startup seeks to raise $173 million by 2028 Kelp Blue plans to issue Africa’s first corporate blue bond next year to expand its giant kelp forests along Namibia’s coast. The […]
Read more »Via Reuters, a report on plans that will see Chinese firms build Namibia’s largest solar power plant: Namibia’s state-owned power utility NamPower on Monday said it had signed a contract with two Chinese firms to start building the country’s largest solar power plant. The southern African country is a net importer of electricity, relying on […]
Read more »Via The Africa Report, a look at whether – as Shell and ExxonMobil sell onshore assets – Africa’s indigenous producers are ready? As oil majors shift focus to deep offshore exploration in Africa, local producers face rising costs and complex challenges in a rapidly evolving industry landscape. A long-term shift by oil majors towards deep […]
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