TIRI MASAWI
Namibia has set a target to increase the share of processed mineral exports from 46.6 percent to 57 percent by 2030 while targeting to increase Foreign Direct Investment stock from N$207 billion to N$254 billion within the same period.
This was revealed by the Minister of Industries Mines and Energy Modestus Amutse at the Namibia -EU Business Forum on Wednesday. supported by a stable and predictable investment climate.
“This means more refining, upgrading, and transformation taking place domestically. We aim to integrate Namibia into European and global supply chains linked to batteries, renewable energy technologies, advanced manufacturing, and nuclear fuel markets,” Amutse said.
He said Namibia is keen on stronger skills and technology transfer to allow mineral resources to develop Namibian capabilities in engineering, metallurgy,environmental management, and digital mining systems.
“Lastly, we want inclusive growth. Mining must benefit communities, youth, women, and local enterprises, while protecting the environment and
supporting future generations,” he said.
Amutse added that Europe needs reliable partners in an increasingly uncertain global environment.
“Namibia offers resource diversity, political stability, strong governance, Atlantic logistics access through Walvis Bay, and world-class renewable energy potential that can power green industrial development.
The global energy transition cannot be built on outdated extractive models. It must be built on co-investment, local value creation, technology transfer,
sustainability, and shared prosperity,” he said.
He said Namibia will work with Europe not only as a supplier of minerals, but as a processor, industrial partner, and gateway for regional growth.
According to Amutse, investor interest in Namibia’s uranium sector has continued to grow. He said “Lithium and graphite projects have advanced, while exploration activity in rare earths, copper, and other strategic minerals have expanded. At policy level, Namibia has intensified its focus on beneficiation, industrial development, and investor facilitation.”
He said Namibia and the European Union have deepened cooperation through the Strategic Partnership on Sustainable Raw Materials Value Chains and Renewable Hydrogen.
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