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 […]
Read more »Via Bloomberg, a report on Namibia’s hydrocarbon industry: Namibia has seen billions of barrels of offshore oil finds As drilling ramps up, multibillion-dollar deals are discussed Off a busy pier in Namibia’s main port of Walvis Bay, the seeds of an economic boom are being planted. As workers heave fish from boats, or unload cargoes […]
Read more »Via Namibia Business Express, commentary on growing investment interest in Namibia: We often hear the term “you can love where you live, but you don’t have to invest there”. And for many years this might have felt like the reality for Namibian investors. Opportunities were not necessarily limited, but South African and offshore markets always […]
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