Mining Industry Has Potential to Drive Namibia’s Economic Fortunes

Josef Kefas Sheehama The mining sector of Namibia remains a key driver of sustainable economic development. Indeed, this sector contributes a lot to exports as well as having crucial inter-linkages with other sectors of the economy. The mining sector is critical for carrying out mineral exploration, extraction, processing, and marketing because Namibia lacks enough capital and technological resources to finance such capital-intensive large-scale. It is noteworthy that in 2023, the sector contributed about 12% of GDP. Namibia’s mining sector recorded a year of strong growth of 21.6% in 2022 compared to 11% in 2021, on the back of good performance…