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Vol 64 No 11

Published 25th May 2023


Oil boom poses governance risks

Politically-connected middlemen taking key roles in oil licencing raise concerns over corruption in the coming hydrocarbons bonanza

Namibia looks set to add oil to its cornucopia of mineral resources, including gem diamonds, uranium, and lithium, with the potential to become a major exporter by 2026. The bonanza is already enriching friends of the ruling SWAPO Party and there are fears more of this could be in store.

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