Deputy Minister of Mines and Energy Kornelia Shilunga says while significant oil investment is expected to flow into Namibia, it is not a given that prosperity will follow.

Shilunga was speaking at the Copper Festival in Tsumeb, held under the theme 'Empowering Entrepreneurship in a Sustainable Namibia'.

Last year, oil and gas were discovered in commercial quantities offshore the Namibian basins by Total Energies and Shell, together with their partner Namcor.