President Netumbo Nandi-Ndaitwah has said that the oil and gas sector demands proper monitoring, effective governance, and careful stewardship.
She made the remarks in a speech read on her behalf at the opening of the Namibia Oil and Gas Conference in Windhoek.
The Ministry of Industries, Mines, and Energy has started to develop a policy on mandatory minimum percentage local equity participation in all new mining ventures.
President Netumbo Nandi-Ndaitwah has called for the continued strengthening of bilateral ties between Namibia and India, as she received that country's High Commissioner, Rahul Shrivastava, at State House for a courtesy visit.
Namibia's and South Africa's national research entities have signed a five-year partnership looking at addressing shared priorities in energy, digital health, agro-food systems, and space science.
President Netumbo Nandi-Ndaitwah has pointed out Namibia's resolve to add value to its natural resources, making cooperation with Russia key.
Dr. Nandi-Ndaitwah held talks with Russia's Deputy Prime Minister, Yuri Trutnev, at State House on Tuesday.
The Namibian government has connected some rural communities just north of Keetmanshoop to the national electricity grid under its rural electrification project.
The Deputy Minister of Mines and Energy, Kornelia Shilunga, officially inaugurated the N$6.8 million rural electrification project.
The Swapo Party Vice President, Netumbo Nandi-Ndaitwah, urged the youth to embrace the party's manifesto, which includes targeted interventions aimed at addressing Namibia's socio-economic challenges.
Canadian oil explorer Recon Africa has signed an agreement with Norwegian-listed BW Energy for a 20 percent working interest in its exploration license.
The exploration license to BW Energy potentially comes at a cost of US$141 million, translating to about N$2.5 billion.
Energy supply tops the agenda of the ministerial meeting between Namibia and South Africa.
The meeting preceded the third Bi-National Commission (BNC) of the two Heads of Sate.
