Tag: Namibia oil and gas

  • What Is Namibia Doing With Its Newly Discovered Oil Reservoir?

    What Is Namibia Doing With Its Newly Discovered Oil Reservoir?

    Months after discovering large amounts of light oil and associated gas off the coast of Namibia, the southern African country has joined Africa’s league of oil-producing nations to launch a sovereign wealth fund. At the launch of the state-owned investment fund, President Hage Geingob said an initial deposit of 262 million Namibian dollars ($16.3m) would…