The Energy Explainer Part 2: The Readiness Gap – Why Most SMEs Aren’t Ready Yet
The oil contracts are coming. The question is whether Namibian businesses will be ready to answer when the phone rings. Last week I introduced an analogy: a neighbour walking into your kitchen to bake a cake. Local content is the set of rules that ensures you are not just watching, but that you get to […] The post The Energy Explainer Part 2: The Readiness Gap – Why Most SMEs Aren’t Ready Yet appeared first on The Namibian .
The oil contracts are coming. The question is whether Namibian businesses will be ready to answer when the phone rings. Last week I introduced an analogy: a neighbour walking into your kitchen to bake a cake.
Local content is the set of rules that ensures you are not just watching, but that you get to supply the flour, work the oven, and eventually learn the recipe yourself. Now the cake is nearly in the oven and many of us still haven’t found the ingredients. TotalEnergies, one of the most significant players in Namibia’s Orange Basin, is expected to make its final investment decision (FID) before 2026 ends.
Think of an FID as the moment you sign the contract for your dream home; it is where billions of dollars are committed and construction begins, once it is signed, procurement begins. Contracts go out. Supply chains are built.
