RMB Namibia CEO, Philip Chapman, emphasises the need for a collaborative approach to ensure the sustainable and successful development of the oil and gas, and energy industry in Namibia.
“This new economic development calls for action from all of us to develop this in a way that will benefit Namibia and its people. We need corporates, banks, SMEs, and individuals in Namibia to all take up this baton to play their rightful role in developing the oil and gas, and energy industry in Namibia. RMB has been a key enabler in developing other sectors over the past three decades. We trust that we can do the same by enabling you to develop your business in Namibia at the greater benefit of the country” Chapman said.
During the RMB panel discussion titled "Empowering Namibia's Oil and Gas Sector, “panellists echoed Chapman’s sentiments. They highlighted several strategies to foster growth and empower local talent.
“There are multiple avenues for Namibians to be upskilled. An incubator policy where you take small to medium businesses, nurture them and assist them with their reporting, quality control and the certifications required for them to win contracts with International Oil Companies (IOCs) and their subcontractors. Additionally, an IOC could partner with a National Oil Company (NOC) to send staff members on an exchange programme where they will be in rotation with the aim of providing prospects for upskilling and sharing their experience from around the world, which they can return to their NOC” RMB- Head of Oilfield Services Higino Mutemba said.
He noted that the recent exchange control update regarding certain transactions between Angola and Namibia was commendable and a positive decision. However, he warned that due to oil companies having been burned in other jurisdictions, it is important that exchange controls that govern the oil and gas sector, allow for enough cross-border transactional ease, such that the oil companies do not fear being cash trapped in Namibia and/or have delays in their transactions (and ultimately their work) due to there being a high documentational bar for cross-border transaction.
Additionally, fellow panellist and RMB Namibia Head: Oil & Gas, Energy and Resources, Angelique Peake stated that, “In Namibia’s oil and gas industry, fostering local content is not just a destination; it is a journey of empowerment. There is a wealth of knowledge illuminating pathways towards a win-win scenario for the entire industry.”
The panellists further agreed that collaboration presents an opportunity to invest in formal education for local individuals aged 4-16. By recognising the value chain from an early age, including skills beyond the super high level, Namibia can achieve significant positive change, including reducing youth unemployment.
“RMB is committed to the energy development journey, “As RMB, we have a vision to build and enabling and long- term sustainable Namibia that serves all her people, now and for generations to come. As the saying goes, "If you want to go fast go alone, if you want to go far, go together.” Let us join forces as partners to build a lasting and sustainable Namibia” Chapman concluded.
