Access Request:

Namibia enters 2H '26 with the Venus FDP under review, the Petroleum Amendment Bill at committee stage, and the local content policy approved in principle, leaving the fiscal terms — and the stabilisation clause in particular — as the last substantive hurdle to a positive FID. The banking sector deposit, liquidity and transaction data that would confirm mobilisation ahead of a decision have yet to surface, although the potential is there, and the system's structural liquidity base already sits well above its pre-exploration norm.