Namibia and Botswana unveiled a $4 billion refinery project designed to strengthen energy security and cut dependence on imported fuel across Southern Africa.
Planned for Walvis Bay in Namibia and Ghanzi in Botswana, the plant will process 60,000 to 100,000 barrels of crude oil daily.
Once running, it will supply petrol, diesel, kerosene, and jet fuel, sharply reducing the region’s reliance on foreign markets.
The refinery will also deliver fuel to Zimbabwe, Zambia, and the DRC, a move experts believe could reshape trade and drive industrial growth across the region.
Analysts argue the project marks a breakthrough for energy independence while opening doors for jobs, investment, and regional cooperation.
Both governments will announce construction timelines soon as they seal agreements with global partners and investors.
The refinery highlights Southern Africa’s bid for energy self-reliance amid ongoing volatility in global oil markets.
source: tell.ng
African Energy Council