Helena Mboti

Also known as: Standard Bank Namibia Group Economist, Helena Mboti · Mboti

Helena Mboti — group economist at Standard Bank Namibia with over a decade of experience from the Central Bank of Namibia and FirstRand Namibia Group.

Mining & Energy

Venus oil project unlikely to generate government revenue until 2035

The News

Namibia's Venus oil and gas project is expected to produce first oil around 2030, but the government won't receive significant revenue until five years later due to the company's need to recover initial investment costs of US$15 billion. The environmental and social impact assessment estimates total government revenue of N$127–229 billion over a 25-year project timeframe, with petroleum income tax at 35% only kicking in after upfront costs are recouped.

28 January 2026 · The Namibian →

Wednesday 28 January

Venus oil project unlikely to generate government revenue until 2035
Namibia's Venus oil and gas project is expected to produce first oil around 2030, but the government won't receive significant revenue until five years later due to the company's need to recover initial investment costs of US$15 billion. The environmental and social impact assessment estimates total government revenue of N$127–229 billion over a 25-year project timeframe, with petroleum income tax at 35% only kicking in after upfront costs are recouped.
28 January 2026 · The Namibian →