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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Hostile Namibian business environment
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Post by pacer001 on Oct 04, 2023 11:42am

Hostile Namibian business environment

Ripped from the pages of the Namibian:

The International Monetary Fund (IMF) has raised concerns about excessive bureaucracy in Namibia, which it says is discouraging potential investors.

IMF Namibian mission head Jaroslaw Wieczorek yesterday stressed the need for the government to streamline administrative processes and create a more conducive environment for foreign investors.

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