27
Mar
Justicia Shipena Independent Patriots for Change (IPC) Michael Mulunga warned that the Petroleum (Exploration and Production) Amendment Bill could drive Namibia into a “resource curse” if adopted in its current form. A resource curse is when a country has valuable natural resources like oil but ends up worse off economically. He was speaking in parliament when the House resumed debate on the proposed law this week. The bill proposes shifting authority over the oil and gas sector from the minister of industries, mines and energy to the Presidency. It would give the President powers to grant, renew or revoke oil…
