Namibia prepares to become global hotspot as oil boom ignites economic transformation

Namibia's Walvis Bay port is buzzing with activity as the country prepares for an economic boom driven by significant offshore oil discoveries. Companies like TotalEnergies, Shell, and Galp Energia have found substantial oil reserves, sparking a frenzy of interest and infrastructure development. These discoveries, if commercially viable, could transform Namibia's economy, much like Guyana's rapid growth. Major oil firms are now eyeing Namibia, anticipating its rise as a new energy hub.

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By Paul Burkhardt

Off a busy pier in Namibia's main port of Walvis Bay, the seeds of an economic boom are being planted. 

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