Namibia: !gawaxab Warns of ‘Dutch Disease’ Amid Oil, Green Hydrogen Discoveries

Bank of Namibia governor Johannes !Gawaxab has cautioned against the phenomenon whereby the rapid development of the oil and gas and green hydrogen industries in Namibia may lead to a decline in investments in other vital sectors such as agriculture, fishing and tourism.

While acknowledging the positive contributions of oil and gas exploration activities, as well as green hydrogen investments to Namibia’s economic growth, !Gawaxab said this could have potential repercussions for monetary policy.