Namibia: How Namibia Can Avoid the Oil Curse

Namibia needs to build competent and accountable institutions to manage oil revenue and minimise the risk of corruption by closing all legislative loopholes in order to avoid an oil curse.

This is according to Rosita Ndumbu, a research associate at the Institute for Public Policy Research (IPPR), who was speaking at an anti-corruption conference held in Walvis Bay last week.

Two major oil discoveries by TotalEnergies and Shell were made during the first quarter of 2022 offshore Namibia.

The…