Buying into Namibian optimism with Nictus
Offshore oil and gas could give Namibia a major boost, and Nictus would probably benefit
29 February 2024 - 10:00
Namibia’s willingness to allow enthusiastic exploration of its coastline for oil and gas — which has already yielded promising results — could well be transformative for that country’s small economy.
Recent offshore oil discoveries — in which investment company Hosken Consolidated Investment’s participation has been well documented in this magazine and sister publication Financial Mail — have caught the attention of major oil companies. Reports have suggested that the oil industry could earn Namibia more than R100bn a year in revenue...
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