JUST IN: Namibian investor in the oil and gas sector Knowledge Katti has thrown his weight behind the much-debated Upstream Petroleum Unit (UPU) and the Petroleum Amendment Bill, arguing that Namibia risks losing investor confidence and billions in potential capital if reforms are delayed.
In a memorandum addressed to parliamentarians and national leaders, Katti defended President Netumbo Nandi-Ndaitwah’s decision to establish the UPU within the Presidency, describing it as a necessary response to institutional failures and slow decision-making in the petroleum sector.
“The President did not create a problem by establishing the UPU. She responded to one,” Katti said in the document dated 7 May 2026.
Katti argued that Namibia’s oil and gas sector has suffered from fragmented governance, investor frustration and insufficient institutional focus, despite major discoveries such as Venus-1, Graff-1 and Mopane.
According to the memorandum, Namibia’s estimated 11 billion barrels of oil and 2.2 trillion cubic feet of natural gas place the country among Africa’s most promising frontier energy markets, but the country now faces stiff competition from nations such as Mozambique, Senegal, Tanzania and Côte d’Ivoire for international investment capital.