04
Apr
CHAMWE KAIRA The Bank of Namibia is conducting research on the potential implications for the macro economy and the potential implications for exchange rate and monetary policy by the production of oil and gas. Governor Johannes ǃGawaxab said this week that the central bank is also studying the impact of oil and gas on the management of the Welwitschia Sovereign Wealth Fund. The Fund now stands at N$425 million. Namibia is yet to start oil and gas production but exploration activities has so far contributed positively to economic growth. ǃGawaxab said the contribution expected to keep rising as explorations intensify…