Namibian government fund that finances energy infrastructure projects and absorbs fuel price under-recoveries to protect consumers from price volatility.
The Namibian government has reassured the public that domestic fuel supply remains stable and sufficient amid rising global oil prices, citing the National Oil Storage Facility at Walvis Bay (capacity 75 million litres, three months' reserves) and mandatory 30-day reserves held by fuel companies as key buffers against global disruptions.
23 March 2026 · New Era →
The Namibian government has reassured the public that domestic fuel supply remains stable and sufficient amid rising global oil prices, citing the National Oil Storage Facility at Walvis Bay (capacity 75 million litres, three months' reserves) and mandatory 30-day reserves held by fuel companies as key buffers against global disruptions.
23 March 2026 · New Era →
With crude oil prices exceeding US$100 per barrel due to Middle East tensions, Namibia faces fresh fuel security concerns despite recent offshore discoveries years from production. The National Oil Storage Facility holds 75 million litres of strategic reserves (representing three months of supply) and works with the National Energy Fund to buffer price shocks, though domestic taxes and levies also drive consumer prices.
20 March 2026 · New Era →
As global oil prices surge amid geopolitical instability in the Middle East, Namibia's National Oil Storage Facility provides strategic defence against supply disruptions and fuel price volatility. With 75 million litres capacity and three months of strategic reserves, the facility operated by Namcor centralises fuel imports and distribution while the National Energy Fund cushions consumers from rising global prices.
18 March 2026 · New Era →
Military escalation between the US, Israel and Iran threatens global oil supplies and raises risks for fuel-importing Namibia, particularly if conflict disrupts the Strait of Hormuz. Analysts urge Namibia to build strategic fuel reserves, diversify suppliers beyond the Gulf region and accelerate renewable energy investment to cushion against price shocks.
2 March 2026 · New Era →
Namibia's Cabinet has approved accelerated development of the Angola–Namibia Interconnection Project, a power transmission infrastructure linking the two countries' electricity networks via the proposed Baynes Hydropower Plant in Lower Kunene. The Ministry of Industries, Mines and Energy is authorised to sign an intergovernmental Memorandum of Understanding with Angola and pursue bilateral agreements, with financing through the National Energy Fund.
20 February 2026 · Informanté →
The Development Bank of Namibia has cleaned up its balance sheet by writing off about N$579 million in non-performing loans during the 2024/25 financial year as it navigates a complex economic environment with a shrinking loan book. The bank's net interest income contracted by 25% year-on-year, though it is shifting towards climate financing and prioritising support for SMEs.
21 January 2026 · The Namibian →