Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile
Veronika Haulenga
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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga
The Brief reports that Higino Mutemba, Head of Oilfield Services at RMB, has raised concerns about Namibia’s stringent exchange control policies potentially hindering the country’s ambitious plans for its burgeoning oil and gas sector. Despite Namibia’s efforts to regulate foreign currency flows, Mutemba warns that these policies could deter international investors, drawing attention to the difficulties encountered in repatriating funds from other African nations.
Namibia has been actively seeking to develop its oil and gas reserves, viewing the sector as a significant opportunity for economic growth and diversification. However, Mutemba’s cautionary remarks highlight the delicate balance between regulatory measures and attracting foreign investment necessary for sector expansion.
In other economic news:
Financial Indicators:
As Namibia navigates its economic landscape, attention to exchange control policies and their impact on key sectors like oil and gas will be crucial in balancing regulatory objectives with the need for foreign investment and economic growth.
Written by: Leonard Witbeen
bestofnam Economics FUTURE MEDIA NAMIBIA FUTURE MEDIA NEWS Inflation leonard witbeen morning biz news Namibia Dollar s.a rand SARB South African Reserve Bank u.s dollar
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