16
Apr
Justicia Shipena President Netumbo Nandi-Ndaitwah says Cabinet has approved the upstream local content policy in principle. The national upstream petroleum local content policy is aimed at building local capacity and facilitating skills transfer, with the stated goal of directing the benefits of large-scale energy projects primarily toward Namibians. It also seeks to create a globally competitive petroleum sector that maximises national benefits by fostering meaningful and lasting participation by Namibians and local businesses across the value chain. Through the policy, the government also aims to diversify Namibia’s revenue sources beyond taxes and royalties by focusing on value extraction through backward,…
