Namibia’s mining sector continues to show robust performance, having generated N$52.3 billion in revenue in 2024 and contributed 13.3% to the national GDP. The industry also created over 2,600 new jobs last year, raising direct employment figures to 20,843, according to official government statistics.
President Netumbo Nandi-Ndaitwah, while inaugurating the 2025 Mining Expo in Windhoek, emphasized that mining remains a cornerstone of Namibia’s economy. She applauded companies in the sector for spending over N$23.94 billion on local goods and services 62% of their total procurement strengthening value chains and supporting domestic businesses. She also underscored Namibia’s competitive position in the global uranium market, particularly following the reopening of the Langer Heinrich Uranium Mine, which signals renewed investor confidence and sectoral growth.
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Deputy Prime Minister and Minister of Industries, Mines and Energy, Natangwe Ithete, used the platform to reinforce government’s commitment to ensuring that Namibia’s mineral wealth translates into broader economic benefits for all citizens. He called for enhanced collaboration between the government, private sector, and local communities to drive inclusive development and sustainable job creation.
Ithete revealed that the long-awaited Minerals Bill is currently under review, with stakeholder consultations expected to commence soon—especially in regions with active mining operations. A key focus of the legislative reform is to promote majority Namibian ownership in future mining ventures, with the proposed target set at 51%.
The Deputy Prime Minister concluded by stressing that equitable participation in the mining industry is essential for long-term national prosperity, stating that “our natural resources must uplift all Namibians, not just a few.”
