Access to dependable energy critical for development: Geingob

By Uaueza Kanguatjivi

PRESIDENT Hage Geingob has emphasised the importance of energy in Africa’s economic development and in fulfilling Agenda 2063 and the United Nations Sustainable Development Goals (SDGs).  Speaking at the Africa Energy Week in Cape Town, South Africa, Geingob said access to dependable and high-quality energy is critical to any country’s economic development.

“Energy increases productivity and economic growth and propels industrialisation,” he said.

Geingob praised the event’s “The African Energy Renaissance: Prioritising Energy Poverty, People, Planet, Industrialisation, and Free Markets,” saying it has an optimistic vision of addressing Africa’s energy deficiencies. The President acknowledged the continent’s ongoing renaissance in renewable and non-renewable energy sources and underlined the importance of utilising these resources for Africa’s growth.

“For the African Energy Renaissance to be meaningful, Africa should be permitted to explore and exploit its natural endowments for the continent’s prosperity,” he stated.

Geingob reiterated Namibia’s huge hydrocarbon exploration prospects, citing significant discoveries by corporations such as Shell and Total that might lead to significant oil reserves.

“Namibia is currently a hotbed for hydrocarbon prospecting, accounting for 13 percent of all offshore rigs in Africa. Since 1974, Namibia has seen more than 36 wells dug, and the country is definitely on the verge of establishing an internationally significant hydrocarbon industry,” he said.