Namibia Rises in Global Mining Investment Rankings Amid Policy Debate

Namibia has made notable progress in attracting mining investment, climbing from 42nd to 35th place in the Fraser Institute’s 2024 Investment Attractiveness Index. The country now ranks fourth in Africa, behind Botswana, Morocco, and Ghana, thanks to improvements in both policy perception and geological potential.

The rise reflects Namibia’s efforts to streamline permitting processes, enhance regulatory clarity, and promote exploration. However, proposed amendments to the Minerals Act—particularly a clause requiring 51% local ownership in new ventures—have sparked concern among investors and industry stakeholders.

While the government argues that the policy will empower Namibians and ensure equitable resource distribution, critics warn that it could deter foreign investment and slow project development. The Chamber of Mines of Namibia has called for further consultation to strike a balance between national interests and investor confidence.

Despite the policy debate, exploration activity remains robust, with increased interest in uranium, lithium, and rare earth elements. Namibia’s stable political environment, well-developed infrastructure, and commitment to ESG standards continue to make it an attractive destination for mining capital.