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Ghanaian Businessman and Nida Eye Massive Lüderitz Oil Port Deal

Ghanaian Businessman and Nida Eye Massive Lüderitz Oil Port Deal

Image: Wikipedia / Lusaka Securities Exchange

Ghanaian Businessman and Nida Eye Massive Lüderitz Oil Port Deal

By The Namibia Times Staff | Monday, July 27, 2026 at 6:09 AM UTC

Key Takeaways

  • A Ghanaian businessman and Nida have announced their interest in a N$4-billion Lüderitz oil port deal reportedly linked to a Swapo company.
  • The proposed deal has the potential to bring significant investment to Namibia's oil sector.
  • Nida's interest in the deal has been met with criticism from certain quarters regarding alleged ties to the Swapo company.
  • Market analysts noted that the deal could have positive economic outcomes, including increased economic activity and job creation in the local economy.
  • However, other stakeholders have raised concerns about the potential impact of the deal on competition and market dominance in the Namibian oil sector.

Ghanaian businessman Michael Ankomah Nimfah and Nida have expressed interest in a potentially lucrative N$4-billion Lüderitz oil port deal. This proposed deal is reportedly linked to a Swapo company, a development that has not been without controversy.

According to sources, the duo plans to acquire a significant stake in the proposed oil port project, which promises to inject much-needed investment into Namibia's oil sector.

However, the interest by Nida has raised eyebrows, particularly regarding the company's reported ties to a Swapo company. Critics have questioned whether the Nida deal will promote a healthy competitive market in Namibia's oil sector.

Market analysts, though, believe that the deal could have several positive outcomes, including increased economic activity and job creation in the local economy. These views, though, have yet to be fully endorsed by all stakeholders in the deal.

As the negotiations continue, the Namibian business community remains abuzz with discussion surrounding the potential impact of the Lüderitz oil port deal. One thing, however, is certain: the deal has the potential to bring significant investment to Namibia's oil sector if successful.

Sources & Attributions

This synthesis is compiled from reporting by the following independent publications:

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