Namibia Poised for Economic Boom with Oil Discoveries
Namibia is on the brink of an economic transformation, driven by significant oil discoveries off its Atlantic coast. At the bustling Walvis Bay port, workers are preparing for a surge in activity as oil exploration equipment is staged alongside typical consignments of minerals and vehicles. Recent successes by TotalEnergies SE, Shell Plc, and Galp Energia SGPS SA have highlighted Namibia’s potential as a major new oil province. Since early 2022, drilling in the region has