• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
13 °c
Columbus
19 ° Tue
21 ° Wed
  • 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 Latest

Namibia sticks to value addition stance

by editor
August 30, 2023
in Latest
46
A A
58
SHARES
970
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

NIPAM launches the Public Sector Awards

Fitch sees stable future for NamWater despite weak operating conditions

President Hage Geingob says Namibia will only work with investors who can operate locally with the view of exporting finished products as opposed to raw materials.

This comes after in June, the Namibian government banned the export of unprocessed lithium and critical minerals in a bid to encourage the development of more domestic processing.

“We have made it clear to these interested parties and potential others that Namibia will only do business with stakeholders who share its vision of local value addition to our minerals to produce finished products for export,” the President said at the ongoing 10th mining expo organised by the Chamber of Mines, in a speech read by Vice President Nangolo Mbumba.

“We have learnt valuable lessons from history that nations which export their products in unprocessed forms at cheaper prices and buy back finished products at higher prices are not able to develop their economies to the extent required for shared wealth and development among their citizens,” Geingob added.

Geingob further said the decision to ban the export of raw materials was endorsed by the Cabinet, in line with the 2021 Minerals Beneficiation Strategy. Recently, the government imposed a ban on the export of unprocessed crushed lithium ore, cobalt, manganese, graphite, and rare earth minerals in order to ensure local beneficiation.

“This development is expected to spur investment in the establishment of local processing facilities by private entities or private-public partnerships. In this connection, Namibia can benefit from experiences and lessons from other SADC and African countries by exploiting regional and continental synergies in value-added production and enhancing export competitiveness,” he stated.

The President then emphasised Namibia’s open business environment, which is attested to by enacted progressive policies, regulatory frameworks, developed infrastructure and political stability, for investors to come and invest in the mineral sector.

“However, such investments must take place on our terms of local value addition,” he stated.

Geingob stated this on the backdrop of the landmark discoveries of oil and gas, as well as the country’s ambitious plans to explore and develop green hydrogen projects.

Meanwhile, Mines and Energy Minister Tom Alweendo concurred with the Head of State that the government will continue to push for a critical mineral strategy to benefit all.

“Raw minerals, we shall insist that they shall not be exported without value, and we shall press towards being processed into final products,” Alweendo said.

“Let’s aim for sweeter far-hanging fruits than just aiming for low-hanging benefits, that is why we took a decision to stop raw export of lithium,” he reiterated.

Alweendo further took issue with the first-world countries saying: “What is surprising is some of these developed countries accuse us of resource nationalisation. What is more troubling, such sentiments are coming from those who claim to want to help to develop developing countries. This attitude of forcing us is a total concern of disregarding the economic situation of our livelihood and that shall not be accepted, and we shall not heed to it.”

In terms of improving efficiency in the mining rights awarding and licensing, Alweendo said the Ministry will introduce a window application period. This he believes will enhance transparency and improve timely application processing.

“Something is wrong, certainly. In a week, the Ministry receives about 50 mining licence applications for each work. It is so chaotic. That’s why we need a period for receiving and processing”.

While further safeguarding the precious mining sector, Alweendo also took issue with Mines that are illegally extracting natural resources without proper authorisation, thus not making mutually beneficial agreements with stakeholders. 

“To these investors, our message to you is that we are a country governed under the rule of law and it applies to everyone. It is time that you start to earn your licence to operate,” he stated.

           

 

 

 

author avatar
editor
See Full Bio
Tags: companies
Share23Tweet15Share4
Previous Post

Drought relief to cost govt N$892 million

Next Post

MIT to consult on Special Economic Zone regulations

Recommended For You

India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

by reporter
July 10, 2025
0
India-Namibia trade tops N$14.2 billion as Modi calls for deeper ties

India-Namibia bilateral trade has exceeded N$14.2 billion (US$ 800 million), Indian Prime Minister Narendra Modi announced during an address to the Namibian Parliament, reaffirming his country’s commitment to...

Read moreDetails

NIPAM launches the Public Sector Awards

by reporter
July 9, 2025
0
NIPAM launches the Public Sector Awards

The Namibia Institute of Public Administration and Management (NIPAM) will host its first-ever Public Sector Awards on 11 July 2025 at the NIPAM Campus in Windhoek. This groundbreaking...

Read moreDetails

Fitch sees stable future for NamWater despite weak operating conditions

by reporter
July 7, 2025
0
Fitch sees stable future for NamWater despite weak operating conditions

Fitch Ratings has affirmed Namibia Water Corporation (NamWater) Limited’s long‑term foreign‑ and local‑currency issuer default ratings at BB‑ with a stable outlook. According to the report, despite operating...

Read moreDetails

NAMCOR posts N$1.26 billion loss, debt stands at N$1.6 billion

by reporter
July 6, 2025
0
NAMCOR posts N$1.26 billion loss, debt stands at N$1.6 billion

The National Petroleum Corporation of Namibia (NAMCOR) has posted a net loss of N$1.26 billion for the 2022/23 financial year, largely due to the underperformance of its trading...

Read moreDetails

NamRA rules out extension to individual tax return deadline

by reporter
June 30, 2025
0
NamRA rules out extension to individual tax return deadline

The Namibia Revenue Agency (NamRA) maintains that 30 June remains the official deadline for submitting individual income tax returns, urging taxpayers to file without delay. Speaking on the...

Read moreDetails
Next Post
MIT to consult on Special Economic Zone regulations

MIT to consult on Special Economic Zone regulations

Related News

The life cover dilemma in Namibia: Why must we die to benefit?

The life cover dilemma in Namibia: Why must we die to benefit?

May 8, 2025
EU green deal will hurt Africa – Prof. Carlos Lopes

EU green deal will hurt Africa – Prof. Carlos Lopes

November 10, 2021
Communication a catalyst for effectiveness

Communication a catalyst for effectiveness

October 20, 2022

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.