• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Mining & Energy

Mining regulatory, policy concerns impact Namibia’s global attractiveness 

by editor
May 20, 2024
in Mining & Energy
249
A A
11
SHARES
5k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Chamber of Mines of Namibia has called for urgent policy reforms in the country’s mining sector following Namibia’s drop in the 2023 Fraser Institute Annual Survey of Mining Companies. 

You might also like

Nuclear Energy in Namibia’s Energy Strategy

Rössing spends N$4.37 billion on Namibian suppliers

Ministry of Mines receives 600+ new mining exploration applications

The country’s ranking on the Investment Attractiveness Index (IAI) fell by three points, prompting the Chamber of Mines to stress the critical need for improved mining policies and regulatory frameworks to enhance investor confidence and competitiveness globally. 

“While Namibia remains one of Africa’s more favourable destinations, ranking 4th, it’s troubling to see our score deteriorate by three points on the absolute scale and in our global rankings. This underscores the necessity for Namibia to improve its mining policies and regulatory landscape,” President of the Chamber of Mines Zebra Kasete said. 

Namibia’s position on the overall Investment Attractiveness Index (IAI) dropped by 3 points from 59 in 2022 to 56 in 2023, according to the 2023 Fraser Institute Survey of Mining Companies.

Namibia ranked 42 out of 86 jurisdictions surveyed, down from 38 out of 62 jurisdictions in 2022.

Despite this decline, Namibia maintains the third-highest ranking among African countries for its policy environment affecting exploration and investment. 

This indicates that Namibia’s overall mining policies are perceived as consistent and haven’t undergone significant changes that would discourage investment.

Contributing factors to this decline, as cited by survey respondents, include “exploration companies mandated to incorporate local ownership” and “the proposed Investment Promotion Bill heightening uncertainty and risk.” 

Therefore, the CEO of the Chamber of Mines, Veston Malango, stressed the Chamber’s commitment to engage with the Government to mitigate the risks associated with the proposed free-carry.

“We will continue to advocate for the expedited finalisation of the Minerals Bill and other pending policy matters such as the Namibia Investment Promotion & Facilitation Bill,” he said. 

The report also commended Namibia for its “good foreign investment policies into mining,” indicating a favourable environment for international companies.

According to the survey, Namibia’s Investment Attractiveness Index score decreased from 59.88 last year to 56.43 this year, ranking forty-second. 

The top-ranked African countries were Botswana with a score of 76.87, Morocco with a score of 69.61, and Zambia with a score of 64.23. 

In the latest survey, Africa’s median score on investment attractiveness decreased by nine points, with investors expressing growing concerns about uncertainty over environmental regulations, protected areas, and labour regulations.

The Fraser Institute’s 2023 Annual Survey of Mining Companies gathered input from 293 respondents globally between August of the previous year and January of the current year to assess how mineral endowments and public policy factors affect exploration investment. 

The survey results are classified based on the Best Practices Mineral Potential Index and the Policy Perception Index, which measure geological attractiveness and the effects of government policy on exploration investment, respectively.-miningandenergy.com.na

author avatar
editor
See Full Bio
Tags: africa newschamber of mineseconomyFraser Instituteminingnamibianamibia newspolicyZebra Kasete
Share121Tweet76Share21
Previous Post

Namibia records N$94 billion trade deficit in 3 years

Next Post

Letshego lists N$260m social note on NSX

Recommended For You

Nuclear Energy in Namibia’s Energy Strategy

by reporter
June 18, 2025
0
Nuclear Energy in Namibia’s Energy Strategy

By Set-son Shifidi The Government of the Republic of Namibia, guided by the SWAPO Party manifesto, has identified nuclear energy as a strategic priority. This initiative aims to...

Read moreDetails

Rössing spends N$4.37 billion on Namibian suppliers

by reporter
June 5, 2025
0
Rössing spends N$4.37 billion on Namibian suppliers

Rössing Uranium Limited spent N$4.37 billion on Namibian suppliers in 2024, accounting for 84% of its total procurement budget of N$5.23 billion, the company has confirmed. Rössing Managing...

Read moreDetails

Ministry of Mines receives 600+ new mining exploration applications

by editor
August 7, 2024
0
Ministry of Mines receives 600+ new mining exploration applications

The Ministry of Mines and Energy reported a significant surge in exploration activity, with over 600 new licence applications submitted as of December 2023. The upward trend has...

Read moreDetails

Andrade completes N$175m Bank Windhoek funding deal 

by editor
August 6, 2024
0
Andrade completes N$175m Bank Windhoek funding deal 

Andrada Mining Limited (Andrada) on Tuesday announced the successful completion of an N$175 million funding agreement with Bank Windhoek Limited.  The deal replaces the company’s existing lending facilities...

Read moreDetails

Namibia’s green hydrogen projects key equipment deliveries begin

by editor
July 26, 2024
0
Namibia’s green hydrogen projects key equipment deliveries begin

Green Hydrogen Commissioner James Mnyupe says key equipment to operationalise some of Namibia’s green hydrogen projects is now being delivered. Giving an update, Mnyupe said Cleanergy Solutions Namibia...

Read moreDetails
Next Post
Letshego lists N$260m social note on NSX

Letshego lists N$260m social note on NSX

Related News

Laramon Tours and Catamaran Charter merge operations

Laramon Tours and Catamaran Charter merge operations

March 7, 2023
Leading with confidence as a young professional

Leading with confidence as a young professional

June 12, 2025
MTC faces N$8.1m monthly revenue loss from 323k disconnected subscribers

MTC faces N$8.1m monthly revenue loss from 323k disconnected subscribers

April 3, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.