Namibia is pushing ahead with new policies aimed at enhancing local participation in its mining sector, while also strengthening domestic capacity in the oil, gas, and renewable energy industries, as part of broader efforts to achieve inclusive economic growth.
Speaking at a planning meeting in Swakopmund on Monday, Deputy Prime Minister Natangue Ithete described the moment as a “transformative juncture” for the country. He stressed the importance of ensuring Namibian businesses are actively involved in shaping the future of the nation’s energy and mining sectors.
“Any mineral rights granted must demonstrate that it is partly owned by Namibians,” said Ithete, who also serves as the Minister of Industries, Mines and Energy.
He revealed that Namibia has earned approximately 5.96 billion Namibian Dollars (about $309 million) in royalties from mining operations over the past three years. This revenue, he explained, was largely due to consistent mine inspections and export audits, ensuring the government receives its rightful share of mineral wealth.
Interest in Namibia’s energy potential has surged recently, particularly in oil and gas exploration, alongside strong investment in green hydrogen and other renewable energy projects.
Ithete emphasised the need to build domestic expertise in these rapidly growing industries, stating, “Building local capacity in these areas is essential to ensure long-term benefits for citizens.”
“These industries must empower local businesses and individuals, in line with the vision articulated by President Netumbo Nandi-Ndaitwah,” he added.