The Namibian government says it’s working to boost local participation in its mining sector.
and also build capacity in the emerging oil, gas and green energy industries.
Namibian Deputy Prime Minister and Minister of Industries, Mines and Energy, Natangue Ithete, said that the step is to promote inclusive economic development.
At a planning meeting in Swakopmund, Ithete said 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,’’he said.
Benefit of local participation
He explained that the country has collected 5.96b Namibian Dollars (about $309m) in royalties from mining activities in the last three years.
This the minister said was made possible through regular mine inspections and audits.
These were aimed at verifying mineral exports to ensure the government receives its fair share.
Namibia has recently seen increased interest in its oil and gas potential.
The southern African country has also made significant investment in green hydrogen and renewable energy.
According to Ithete, 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 said.
