Namibia Future Media Future Media News

Delays to Venus oil project could threaten investment and job creation 

Loading player...
Cirrus Capital economist Ida Williams has warned that further delays in the final investment decision for TotalEnergies’ offshore Venus oil project could have significant economic consequences for Namibia. In a new analysis, Williams says the project could boost economic growth, attract investment and create thousands of jobs. She warns that prolonged negotiations over fiscal and legal terms could undermine investor confidence and delay potential government revenue. The Venus project is targeting first oil in 2030, but its final investment decision remains outstanding, with negotiations between TotalEnergies and the government continuing. Williams explains.  
11 Nov 9AM English Namibia News

Other recent episodes

South Africa's Electoral Commission publishes names of more than 9,500 elected councillors

The Electoral Commission of South Africa has published the names of more than nine-thousand-500 councillors elected in the local government elections. Five ward by-elections will also be held following two councillors winning multiple seats and the deaths of three councillors. IEC chairperson Mosotho Moepya told the media municipal managers now…
13 Nov 10AM 1 min

US shoots down two Iranian drones over Bahrain amid rising tensions

US Central Command says it has shot down two Iranian drones over Bahrain, denying claims by Iran's Revolutionary Guard that it destroyed an American early-warning radar installation there. The incident — the first Iranian attack on US military assets in a Gulf state since early September — comes as US…
13 Nov 10AM 1 min

Agricultural Economist Wallie Roux weighs in on Foot-and-Mouth Disease outbreak

Following the Ministry of Agriculture's announcement, the Foot-and-Mouth Disease outbreak remains confined to the Karasburg Veterinary District, with no new cases reported to date, with a total of 8,267 cattle have been vaccinated, and 51 farms inspected, while surveillance continues across the country. Future Media News contacted Agricultural economist Wallie…
13 Nov 9AM 1 min

NFA struggles as government funding drops from N$40 million to zero

The Namibia Football Association says government funding cuts have left it struggling to finance national teams, with much of its international travel and other expenses being covered on credit. NFA president Robert Shimooshili says government funding dropped from 40 million dollars last financial year to zero this year. He says…
13 Nov 9AM 1 min

The U.N’s Guterres weighs climate change against war at COP31

Cop31 is underway in Turkey and the Secretary-General of the United Nations, Antonio Guterres is there. In an interview with the media he was asked whether his office considers climate change as the biggest threat to humanity, over war. Take a listen.
13 Nov 8AM 1 min
All episodes