Mbeki warns against negative consequences of Namibia’s oil discoveries

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FORMER South African president Thabo Mbeki says Namibia’s oil discoveries require principled political management.

“I adopted the adverse story in regards to the fisheries corruption and allegations of corruption across the issues of fishing and licensing in Namibia. That drawback could be multiplied as soon as you need to cope with oil and gasoline and so forth,” he advised NBC on Sunday.

Mbeki mentioned in lots of situations when oil and gasoline discoveries are made in a rustic, it has advantages, but additionally adverse penalties.

“It’s a really delicate matter and requires very principled political management,” he mentioned.

Mbeki mentioned the demise of president Hage Geingob has left a void, and that his kind of management is precisely what is required to correctly handle these discoveries.

“I used to be very glad we had comrade Hage there within the management of Namibia as Namibia was making these essential discoveries, as a result of they want correct, principled, revolutionary administration to ensure these sources are utilized in the perfect pursuits of the folks and don’t produce adverse penalties,” he mentioned.

Learn extra in Tuesday’s version of The Namibian.

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