Namibia is one of the most fascinating and diverse countries in the world, and is situated in southern Africa, with a total area measurement of 825,615 km2 and a population of 2.55 million people (2020). The western border of the country meets the Atlantic Ocean while its land borders are shared with Zambia and Angola to the north, Botswana to the east and South Africa to the south and east. Namibia is the driest country in sub-Saharan Africa and its capital and largest city is Windhoek, which, at last count (in 2020), sported a population of 431,000.

The country is a multi-party parliamentary democracy, and has a small and relatively open economy that is rich in mineral resources. The gross domestic product (‘GDP’) of the country advanced by 3.5% year-on-year in the first quarter of 2022, following an upwardly revised 3.5% rise in the previous period. Agriculture, tourism and mining of gem diamonds, uranium, gold, silver and base metals forms the foundation of its economy. Mining provides 25% of Namibia’s revenue and is the country’s single most important contributor to its economy.

As the fourth-largest exporter of non-fuel minerals in Africa and the fourth-largest producer of uranium in the world, the country invested significantly in its uranium mining as well as diamonds, of which it is a primary source for gem-quality diamond deposits. However, the country also boasts large deposits of other minerals, including lead, tungsten, gold, tin, fluorspar, manganese, marble, copper, zinc and iron ore.


Namibia strongly encourages foreign investment and was listed 53rd globally in terms of investment attractiveness. With mining being the largest contributor to the country’s economy, it is an important industry and boasts a complementary exploration jurisdiction and a developed transport system. The country has a stable economy that has successfully weathered international financial crises and its government values long-term relationships with foreign investors. To this end, the country has embarked on a large-scale programme of renewing and developing its infrastructure, offering investment opportunities in the form of public-private partnerships (‘PPPs’), per-project basis or equity holdings.

  • Rich in mineral resources
  • It’s economy is expected to bounce back in the medium term, offering excellent investment and growth opportunities
  • Well-established mining and exploration industries
  • Encouraging of foreign direct investment (‘FDI’) with a nurturing, attractive environment for investors that includes investment and special tax incentives
  • Provides access to key markets in 15 Southern African Development Community (SADC) member states, with an estimated population of ±280 million people


More detailed information on the Namibian government policy in regard to minerals, relevant legislation and regulation can be found on the Namibian Ministry of Mines and Energy website while general information about the country can be accessed on the Government of Namibia website.