Market Watch

Central bank chief calls for realism in oil production expectations

Be realistic

Namibia's oil ambitions: Governor urges caution amid growing hype

7 Ure Gelede - - 2025-02-13 00:00:00

Bank of Namibia governor Johannes !Gawaxab has urged Namibians to temper their expectations regarding the country's potential as a major oil and gas producer until a final investme

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Katima Mulilo: 20° | 24° Rundu: 20° | 24° Eenhana: 19° | 26° Oshakati: 20° | 25° Ruacana: 17° | 24° Tsumeb: 19° | 22° Otjiwarongo: 17° | 21° Omaruru: 19° | 22° Windhoek: 18° | 27° Gobabis: 19° | 24° Henties Bay: 19° | 23° Wind speed: 24km/h, Wind direction: W, Low tide: 10:12, High tide: 04:14, Low Tide: 22:17, High tide: 16:25 Swakopmund: 18° | 19° Wind speed: 23km/h, Wind direction: NW, Low tide: 10:10, High tide: 04:12, Low Tide: 22:15, High tide: 16:23 Walvis Bay: 18° | 23° Wind speed: 23km/h, Wind direction: NW, Low tide: 10:10, High tide: 04:11, Low Tide: 22:15, High tide: 16:22 Rehoboth: 21° | 29° Mariental: 22° | 35° Keetmanshoop: 27° | 36° Aranos: 22° | 33° Lüderitz: 15° | 25° Ariamsvlei: 26° | 39° Oranjemund: 14° | 22° Luanda: 26° | 28° Gaborone: 19° | 28° Lubumbashi: 18° | 28° Mbabane: 18° | 28° Maseru: 15° | 30° Antananarivo: 18° | 25° Lilongwe: 18° | 28° Maputo: 22° | 33° Windhoek: 18° | 27° Cape Town: 17° | 22° Durban: 21° | 26° Johannesburg: 17° | 28° Dar es Salaam: 26° | 32° Lusaka: 18° | 26° Harare: 17° | 26° Currency: GBP to NAD 23.01 | EUR to NAD 19.25 | CNY to NAD 2.53 | USD to NAD 18.47 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 135.45 | USD to AOA 912 | USD to BWP 13.86 | USD to EGP 50.57 | USD to KES 129.22 | USD to NGN 1498.78 | USD to ZAR 18.47 | USD to ZMW 27.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 87942.18 Up +0.43% | Namibian Stock Exchange (NSX) Overall Index 1783.87 Up +0.42% | Casablanca Stock Exchange (CSE) MASI 16393.13 Up +0.74% | Egyptian Exchange (EGX) 30 Index 29661.99 Up +0.33% | Botswana Stock Exchange (BSE) DCI 10080.51 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 919.01/OZ UP +0.45% | Copper US$ 4.71/lb UP +0.77% | Zinc US$ 2 876.30/T DOWN -0.03% | Brent Crude Oil US$ 74.77/BBP DOWN -0.0074 | Platinum US$ 1 047.72/OZ UP +1.01% Sport results: Weather: Katima Mulilo: 20° | 24° Rundu: 20° | 24° Eenhana: 19° | 26° Oshakati: 20° | 25° Ruacana: 17° | 24° Tsumeb: 19° | 22° Otjiwarongo: 17° | 21° Omaruru: 19° | 22° Windhoek: 18° | 27° Gobabis: 19° | 24° Henties Bay: 19° | 23° Wind speed: 24km/h, Wind direction: W, Low tide: 10:12, High tide: 04:14, Low Tide: 22:17, High tide: 16:25 Swakopmund: 18° | 19° Wind speed: 23km/h, Wind direction: NW, Low tide: 10:10, High tide: 04:12, Low Tide: 22:15, High tide: 16:23 Walvis Bay: 18° | 23° Wind speed: 23km/h, Wind direction: NW, Low tide: 10:10, High tide: 04:11, Low Tide: 22:15, High tide: 16:22 Rehoboth: 21° | 29° Mariental: 22° | 35° Keetmanshoop: 27° | 36° Aranos: 22° | 33° Lüderitz: 15° | 25° Ariamsvlei: 26° | 39° Oranjemund: 14° | 22° Luanda: 26° | 28° Gaborone: 19° | 28° Lubumbashi: 18° | 28° Mbabane: 18° | 28° Maseru: 15° | 30° Antananarivo: 18° | 25° Lilongwe: 18° | 28° Maputo: 22° | 33° Windhoek: 18° | 27° Cape Town: 17° | 22° Durban: 21° | 26° Johannesburg: 17° | 28° Dar es Salaam: 26° | 32° Lusaka: 18° | 26° Harare: 17° | 26° Economic Indicators: Currency: GBP to NAD 23.01 | EUR to NAD 19.25 | CNY to NAD 2.53 | USD to NAD 18.47 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 135.45 | USD to AOA 912 | USD to BWP 13.86 | USD to EGP 50.57 | USD to KES 129.22 | USD to NGN 1498.78 | USD to ZAR 18.47 | USD to ZMW 27.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 87942.18 Up +0.43% | Namibian Stock Exchange (NSX) Overall Index 1783.87 Up +0.42% | Casablanca Stock Exchange (CSE) MASI 16393.13 Up +0.74% | Egyptian Exchange (EGX) 30 Index 29661.99 Up +0.33% | Botswana Stock Exchange (BSE) DCI 10080.51 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 919.01/OZ UP +0.45% | Copper US$ 4.71/lb UP +0.77% | Zinc US$ 2 876.30/T DOWN -0.03% | Brent Crude Oil US$ 74.77/BBP DOWN -0.0074 | Platinum US$ 1 047.72/OZ UP +1.01%