WINDHOEK, March 14 (Xinhua) -- Namibian President Nangolo Mbumba said on Thursday that the country is gearing up for a potential economic windfall as it is expected to announce firmer estimates of recoverable oil reserves this year following a surge in exploration activities in 2023, particularly in the oil-rich Walvis and Orange basins.
Speaking during the State of the Nation Address, Mbumba highlighted the significance of this development, expressing hope that the development of oil, gas and green hydrogen will bring the country economic growth, employment and prosperity.
