Namibia’s energy sector is rapidly growing following significant offshore oil and gas discoveries, positioning the country to become Africa’s fifth-largest oil producer by 2035.
Despite challenges such as deep-water drilling complexities and high natural gas content, the market is booming with multinational players like TotalEnergies, Shell, and QatarEnergy.
The divestment of 58 service stations by Vivo Energy opens doors for new fuel wholesalers, while exploration activities continue in key basins.
Namibia’s rising fuel demand and new gas-fired power stations are set to drive sustained growth in its petroleum sector.
