Oct 18

President Hage Geingob says Namibia is currently a ‘hotbed’ for hydrocarbon prospecting

President Hage Geingob yesterday stated that Namibia is currently a ‘hotbed’ for hydrocarbon prospecting with a share of 13 per cent of all offshore rigs operating in Africa.  Geingob said this at the African energy renaissance themed: prioritising energy poverty, people, planet, industrialisation and free markets which ends today in South Africa. A statement issued by the Presidency quoted the president as saying that the country has witnessed more than 36 wells being drilled and Namibia is on the cusp of birthing a globally significant hydrocarbon industry and that for the African energy renaissance to be meaningful, Africa should be permitted to explore and exploit its natural endowments for the prosperity of the continent.