President Netumbo Nandi-Ndaitwah has called for mutual trust and benefit in the oil sector with investors. Dr. Nandi Ndaitwah made the call during the courtesy visit by the Executive Vice President, for Exploration, Strategy and Portfolio for Integrated Gas and Upstream at Shell, Eugene Okpere.

TotalEnergies has indicated that the Venus oil project is expected to commence by mid-year, and is currently in the technical development phase.

The Vice President of TotalEnergies, Mike Sangster, made the announcement when he paid a courtesy visit to President Netumbo Nandi-Ndaitwah at state house.

Former NamCor Managing Director Immanuel Mulunga was arrested this morning, alongside three other senior officials of the state-owned petroleum company.

ACC Director General Paulus Noa confirmed the arrests and told NBC News that further arrests are expected during the week.

President Netumbo Nandi-Ndaitwah says Namibians have a collective aspiration and responsibility to add value to the country's natural resources, diversify the economy, create jobs, and uplift every Namibian.