08
Jan
Chamwe Kaira Namibia’s offshore oil discoveries are helping to renew momentum in Africa’s upstream energy sector. However, tight investment discipline and operational challenges continue to slow development, according to the African Energy Chamber. Two major offshore discoveries made in Namibia in 2022 by Shell and TotalEnergies marked a turning point for the country’s energy prospects. The finds also boosted exploration interest across the continent, including in Côte d’Ivoire, Angola and Egypt. In its 2026 Outlook Report, The State of African Energy, the African Energy Chamber says global exploration and production capital spending is expected to reach about US$504 billion by…
