Local content policy for oil and gas industries likely to result in revision of the Petroleum Act


The Institute for Public Policy Research's (IPPR) latest Procurement Tracker edition indicates that the local content policy for the oil and gas industries is likely to result in the revision of the Petroleum Act and its regulations, as well as the model petroleum agreement the Mines and Energy Ministry has with the international oil companies.

The procurement tracker highlighted some of the procurement risks that local policy content carries for Namibia.

IPPR calls on Finance Minister to release report on TransNamib


The Institute for Public Policy Research (IPPR) has called on Finance Minister Iipumbu Shiimi to release the report of Ernst & Young into the operations of TransNamib as well as responses by the board and management to the report.

The call comes after the report by the auditing firm allegedly revealed some procurement irregularities.

The report follows an independent investigation by Ernst and Young that commenced in 2021 after allegations and perceptions of poor governance and mismanagement at TransNamib.