Impact of the Namibia Oil and Gas Developments on Accountants 2023

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11 May, 2023



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The purpose of this webinar is to provide insights into the Namibian oil and gas industry and explore potential business opportunities available in the sector. May 2023

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What you will learn

After attending this event the participants will have:

  • An overview of the Namibian oil and gas industry, including its current state and future potential, and the recent developments and initiatives in the sector. 
  • An understanding of the various business opportunities that exist within and around the industry, such as consulting services, tax and accounting services, supply chain management, and other support services. 
  • An understanding of the impact of the industry’s expansion on accountants in practice and tax practitioners, and the potential opportunities for them to diversify and expand their client base by offering specialized services to clients within the industry. 


The Namibian oil and gas industry has recently become a hot topic for investors, with major offshore exploration and development projects in the works. This surge in interest could result in a significant economic boost for the sector and the upstream and downstream industries that support it. As a result, there are many opportunities for businesses operating within and around the industry, including accounting and tax practices. The upcoming webinar will cover the industry overview, recent developments, business opportunities, and the impact of these developments on accountants in practice and tax practitioners. Attendees will gain valuable insights into the oil and gas industry’s current state and future potential, as well as how they can leverage these opportunities to grow their business. 



Date: 11 May 2023, Thursday
Time: 15:00-17:00
Format: Online Live Streamed event
Recording: Loaded to your SAIBA Academy profile if you registered prior to the event date
CPD: 2 units/hours



This event is a free event.



15:00 Welcome
15:10 Panelist discussion on the developments and opportunity in the Oil and Gas sector
16:15 Question and Answer session
16:45 Conclusion




Nicolaas van Wyk, (CIBA Cert.Fin.Officer (SA)). Chief Executive Officer of the Chartered Institute for Business Accountants (formerly SAIBA) 
Nicolaas serves as area President Africa for IAFEI and CEO of SAIBA. He holds qualifications in BCom Hons, MBA and Dipl Corporate Law and is a founding member of CFO Alliance and Past Area President Africa: IAFEI. He has extensive experience in the Professional Body and NPO industry with a long history of training and development. He has authored a number of books and publications.

Mr. Justus Mwafongwe, (CIBA Cert.Fin.Officer (SA)). Deputy Executive Director and Tax Policy Advisor for the Ministry of Finance and Public Enterprises  
Justus is an accomplished financial professional with over 20 years of experience in public finance, revenue administration, and tax policy development. He has previously served as the Commissioner for Inland Revenue in Namibia, where he oversaw the administration of taxes and tax policy implementation. He is currently serving as the Deputy Executive Director and Tax Policy Advisor for the Ministry of Finance and Public Enterprises in Namibia, where he provides strategic leadership and guidance on economic and fiscal policy. He has played a significant role in shaping Namibia’s economic and fiscal policies and has been instrumental in the development of tax policies that support sustainable economic growth. He holds a master’s degree in taxation from the University of Pretoria, which is his highest qualification.

Maggy Shino, Petroleum Commissioner, Ministry of Mines and Energy, Namibia 
Maggy is a highly respected and experienced professional in the petroleum industry, with over two decades of experience in various capacities. She is currently serving as the Petroleum Commissioner for Namibia, where she oversees the exploration, production, and distribution of petroleum products in the country. Prior to her appointment, she held senior positions in several petroleum companies, including Shell Namibia and BP Namibia, where she gained extensive knowledge and experience in the sector. She is also a member of the Petroleum Agency of South Africa Advisory Board and has contributed significantly to the development of the petroleum industry in Namibia and beyond. She holds a bachelor’s degree in Geology from the University of Namibia and a master’s degree in petroleum Geology from the University of Aberdeen.


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