Namibia's Moment: New Leadership, Bold Reforms, and the Future of Oil and Gas

In a decisive shift that could redefine Africa’s energy landscape, Namibia is fast becoming a focal point for oil and gas development.

- Gilbert Da Costa

Following a string of major offshore discoveries, President Netumbo Nandi-Ndaitwah—the country’s first female head of state—has moved quickly to consolidate control over the industry, placing the management of the sector directly under the Office of the President.

This bold administrative restructuring signals Namibia’s intent to maximize national benefits from its burgeoning hydrocarbon resources. “The new emerging industries of oil and gas need to be managed in a manner that maximizes benefits for all Namibians,” President Nandi-Ndaitwah stated during her cabinet unveiling. It is a move reminiscent of resource nationalism trends in other African nations, aimed at tightening oversight, promoting transparency, and ensuring equitable distribution of wealth.

The Stakes: High Rewards, Even Higher Expectations

Namibia’s deepwater discoveries—led by TotalEnergies’ Venus field, Shell’s Graff-1, and Galp Energia’s Mopane complex—have catapulted the country into the ranks of potential energy giants. Industry projections estimate oil production could contribute over N$11.5 billion annually, with the potential to double Namibia’s GDP by 2040.