STAFF WRITER
Chamber of Mines Namibia President George Botshiwe has attributed the country’s improved investor attractiveness to the various ongoing exploration projects in Namibia.
This comes after the latest Fraser Institute Survey of Mining Companies showed that Namibia is among the most sought after investment destinations in Africa primarily in the extractive industry.
The improvement elevated Namibia’s global ranking to 35th out of 82 jurisdictions, up from 42nd out of 86 in the previous year.
Namibia also retained its position as the fourth most attractive mining investment destination out of 20 jurisdictions surveyed.
On the Perception Index (PPI), Namibia ranked as the second most attractive jurisdiction in Africa, a key contributor to its overall investment appeal.
“As a mining industry, we are proud of Namibia’s improved ranking in the global
investment landscape for mining, and increasing competitiveness among her African peers as a sought-after mining investment jurisdiction. This performance is reflected in the substantial increase in exploration activity, which increased by 106.3% and 7.3%, respectively in 2024,” Botshiwe said.
George Botshiwe, President of the Chamber of Mines.
He added that “However, the Chamber is deeply concerned about recent policy pronouncements,
particularly the proposed 51% Namibian ownership requirement in new mining
ventures. Such measures risk undermining the progress made and could potentially
reverse the gains in exploration investment, positioning Namibia as one of the least
attractive destinations in Africa in the 2025 Fraser Survey,”
The Investment Attractiveness Index (IAI) is a measure combining the
Policy Perception Index (PPI) and the Best Practices Mineral Potential Index, weighted at 40% and 60%, respectively.
The PPI assesses the attractiveness of a country’s mining policies and regulations, while the Mineral Potential Index evaluates geological potential assuming an ideal policy environment.
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