Namibia is widely recognised as one of Africa’s most resource-rich and investment-friendly mining jurisdictions and highly underexplored for tin, tantalum, lithium and other critical minerals
Attracted N$13.4 billion in Foreign Direct Investment inflows in 2023, driven largely by mining and energy projects (Bank of Namibia, 2023 Annual Report)
Mining contributed 14.4% to national GDP in 2023, up from 11.9% in 2022 (Namibia Statistics Agency; Chamber of Mines of Namibia, 2023 Review)
Population of approximately 3 million, with one of Africa’s highest per-capita incomes (Namibia Statistics Agency, 2023)
Ranked among Africa’s most stable democracies with a well-established legal and regulatory framework (Ministry of Mines and Energy)
Strategically located with direct access to international markets via the deep-water Port of Walvis Bay, serving SADC trade corridors (Namibia Ports Authority)
Mining Sector in Namibia
Mining accounted for 14.4% of GDP in 2023 and remains the country’s largest industrial contributor (Chamber of Mines of Namibia, 2023 Annual Review)
Minerals represent over 50% of total export earnings, led by uranium, diamonds, gold, and zinc (Namibia Statistics Agency, 2023 Trade Data)
Generated 18,189 direct jobs in 2023, with total employment impact significantly higher through contractors and supply chains (Chamber of Mines of Namibia, 2023)
Government of Namibia
Offers a stable regulatory regime under the Minerals (Prospecting and Mining) Act, 1992, with secure tenure and transparent licensing administered by the Ministry of Mines and Energy
Namibia is a member of the World Bank’s Multilateral Investment Guarantee Agency (MIGA) and provides constitutional protections against expropriation, supporting investor security (Ministry of Industrialisation and Trade; World Bank MIGA member records)
