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Namibia’s oil boom hinges on local businesses, skills

Namibia’s emerging offshore oil and gas industry could generate tens of thousands of indirect and induced jobs, but the country risks losing much of its economic potential to foreign companies unless local businesses and workers are adequately prepared, economic analyst Klaus Schade has warned. While the discoveries have raised expectations of employment and prosperity, Schade... The post Namibia’s oil boom hinges on local businesses, skills appeared first on New Era .

New Era13 Nov 2026, 10:58 am
Namibia’s oil boom hinges on local businesses, skills

Namibia’s emerging offshore oil and gas industry could generate tens of thousands of indirect and induced jobs, but the country risks losing much of its economic potential to foreign companies unless local businesses and workers are adequately prepared, economic analyst Klaus Schade has warned.

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Originally published by New Era on 13 Nov 2026, 10:58 am. View original article
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