Oil and Gas puts Namibia on the brink of economic boom

Terblanché Bank of Namibia Governor Johannes !Gawaxab has indicated that the recent oil and gas discoveries off the coast of Namibia hold the transformative potential to double the nation’s Gross Domestic Product (GDP) and substantially increase its economic output. central bank’s governor predicted amid a period where exploration activities have already marked a positive influence on the economy, contributing an estimated growth of 0.4 percent annually between 2021 and 2023. !Gawaxab said that as exploration ventures intensify, these contributions are anticipated to soar, ushering in a new era of prosperity for Namibia. He emphasized the potential for currency appreciation as…