-Namibia and Russia are looking at possibilities of cooperation in the energy sector and exploit uranium for the benefit of both countries.

About 60 percent of Africa's rural population still lives without electricity.

Wind energy resources around Luderitz have the capacity to serve the entire country's energy needs.

Finance Minister Calle Schlettwein says sourcing power from neighbouring countries is no longer a safe option as this increases risk to the economy.

Oil revenues have been on a decrease and have affected many economies around the world, currently Namibia finds itself in a low price oil environment.