Uanguta urges coordinated approach to Namibia’s oil and gas industry

Staff Reporter

THE Governor of the Bank of Namibia, Ebson Uanguta, has emphasised the importance of coordination among ministries, regulators and public institutions for the success of the emerging oil and gas industry.

“Another clear conclusion from today is that coordination will be essential. The emerging industry cuts across the mandates of ministries, regulators and public institutions. It also involves financial institutions, energy companies, investors, educational institutions, professional service providers and local enterprises. No single institution will possess all the information or expertise required,” Uanguta said.

The governor made these remarks during the recent Oil and Gas Seminar, held in Windhoek under the theme Positioning Namibia’s Financial Sector for a Sustainable Oil and Gas Economy.