Namibia could double its annual GDP growth to 8 per cent within a decade and reduce its dependence on diamonds because of new offshore oil and gas finds, according to the southern African country’s mining and energy minister Tom Alweendo.
Alweendo’s party Swapo, in power since independence in 1990, hopes the promise of riches from big energy discoveries in the past five years — which have lured TotalEnergies, Shell, Chevron, ExxonMobil and Galp to Namibia — will help it win the November 27 election.