The Ministry of Mines and Energy announces that fuel pump prices will increase on the 6th September 2017 at 00h01.
Ranked number one in Africa for investment by the Global Petroleum Survey’s Policy Perceptions Index in 2015, Namibia presents an easy and business-friendly environment. With royalties set across the board at 5% and a number of investment incentives in place, including a VAT waiver and other tax advantages for oil and gas companies, Namibia has been able to attract a number of international players in recent years, including Repsol, Shell and Tullow Oil. As the country’s basins remain mostly unexplored, Namibia represents a great mixture of investor-friendly regulations and large untapped potential. So far, however, the exploration campaigns have revealed nothing but a string of dry wells.