By Helena MbotiEconomist, FNB Namibia. Namibia’s oil discoveries have been a source of optimism for the future trajectory of the economy. Yet with great excitement comes caution, as other countries’ experience internationally, provides stark lessons on the double-edged sword of oil riches. Namibia stands at a crossroads, with a choice between leveraging the potential windfalls...
December 14, 2024
Tag: Boon
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Black Gold: Boon, Boom or Bust?
Namibia’s oil discoveries have been a source of optimism for the future trajectory of the economy. Yet with great excitement comes caution, as other countries’ experiences internationally, provide stark lessons on the double-edged sword of oil riches. Namibia stands at a crossroads – with a choice between leveraging the potential windfalls sustainably or succumbing to...
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A Boon for the Country – Namibia Daily News
Staff Reporter WALVIS BAY, November 25 — Namibia has recently experienced substantial oil discoveries off its coast, sparking enthusiasm among industry experts and signalling a potential transformation for the country’s economy. Ian Thom, Upstream Research Director at Wood Mackenzie, highlighted the remarkable potential of these discoveries in an opinion piece on the company’s website. Thom...