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    “A new platform to represent Botswana,” says Amos on his coaching role in Iran

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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

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Namibia: Hydrogen industry expected to contribute US$4.1bn to GDP

mm by RMB Africa Research
September 6, 2023
in News
Reading Time: 1 min read
0
Namibia: Bank of Namibia expects growth to moderate in 2023

A logo of the Bank of Namibia is seen at the company's headquarters in Windhoek, Namibia, February 24, 2017. REUTERS/Siphiwe Sibeko

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NAMBIA: According to Bank of Namibia Governor Johannes !Gawaxab, the country’s hydrogen industry has the potential to provide a substantial boost to the economy over the next seven years.

By 2030, it could contribute US$4.1 billion to GDP, which is 32 percent more than 2030 GDP estimates without a hydrogen industry. The statements were made by the governor at a recent Bloomberg event held on 5 September in Windhoek. Furthermore, the hydrogen industry is estimated to create 18,000 jobs as it hopes to produce hydrogen and its derivatives at highly competitive costs, while creating an at-scale green fuels industry that will serve markets in Europe, China, Japan, South Korea, and other parts of the world. (Bloomberg)

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