Namibia Moves To Boost Local Participation In Mining Sector 

Namibia is advancing policies to increase local ownership in its mining sector and build capacity in the oil, gas, and green energy industries to foster inclusive economic development.

At a planning meeting in Swakopmund on Monday, the Deputy Prime Minister, Natangue Ithete told officials that the country is at a ‘transformative juncture’ and local businesses must play a central role in shaping Namibia’s energy and mining future.

“Any mineral rights granted must demonstrate that it is partly owned by Namibians,” Ithete who is also the Minister of Industries, Mines and Energy said.

He noted that the southern African country has collected 5.96b Namibian Dollars (about $309m) in royalties from mining activities in the last three years.

According to him, “this was made possible through regular mine inspections and audits to verify mineral exports to ensure the government receives its fair share.”

Namibia has recently seen increased interest in its oil and gas potential, alongside significant investment in green hydrogen and renewable energy.

Ithete said ”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,” the Minister said.

Xinhua/ Kamila Bello