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Namibia draws lessons from oil producing economies

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Namibia can draw lessons from other oil-producing economies as the country positions itself to ensure a sustainable future.

The country is expected to be among the top 15 oil producers in Africa by 2035, should it stay clear of corrupt practices and mismanagement of natural resources.

Speaking at a public lecture on Preventing the Dutch Disease: How to Position Namibia's Oil and Gas Endowments at Lüderitz organised by the Bank of Namibia, its Governor, Johannes !Gawaxab said new discoveries could potentially double the country's GDP and its output.