16
Jan
FNB Namibia economist Helena Mboti speaks to Observer Money about Shell's recent announcement that it will write down approximately US$400 million related to an offshore oil discovery in Namibia, which was deemed commercially unviable. Observer Money asked Mboti how this announcement could impact Namibia’s GDP growth projections. Observer Money (OM): How does the recent announcement by Shell that it will write down around US$400 million over an oil discovery offshore Namibia that it deemed commercially unviable affect FNB's future GDP growth projections? Helena Mboti (HM): While a US$400 million write-off may seem significant relative to the size of the Namibian…