Category: BUSINESS

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Opportunities in the Namibia Mining Sector

Namibia is rich in minerals, including diamonds, gold, zinc, copper, and uranium. The mining sector in Namibia has the potential for significant growth, and investment opportunities exist in a variety of areas.

Namibia’s mining sector is ranked among the top 10 in Africa for investment attractiveness by the Fraser Institute Annual Survey of Mining Companies in 2021. The mining industry is a significant contributor to the country’s economy, with minerals such as diamonds, gold, lead, zinc, tin, lithium, and uranium being mined. In 2021, the mining sector accounted for approximately 9.1% of Namibia’s gross domestic product (GDP), and is the second-largest sector in terms of foreign exchange earnings.

Discover more about Namíbia Mining Sector

 

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$10 billion green hydrogen project in Namibia.

With major oil and gas discoveries in early 2022, Namibia is the most recent trailblazer among Africa’s frontier energy hotspots, as displayed by the Invest in Namibia Country Spotlight organized at African Energy Week 2022 in Cape Town last October.

“Why Namibia? When it comes to cost-effective green hydrogen, the curve is much steeper than the gas sector,” noted Jonathan Metcalfe, Business Case Development Manager for Hyphen. “As a result, we need to focus on the quality of the resource and bankability of the project. This project is a combination of a high quality resource in a very stable country, with high investability. Namibia is one of the world’s lowest cost producers. This means a much lower deployment of resources compared to normal hydrogen or energy developments.

(From Energy Capital & Power)

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A new Digital NOMAD Visa Programme were introduced on 11th  October 2022.

The latest country to offer a ‘digital nomad’ visa , Namibia  offer a visa specifically targeted at remote workers. Digital nomads can now live and work in the southwest African country for up to six months.

To qualify for Namibia’s digital nomad scheme, you’ll need a minimum income of $2,000 (£1,780) per month, (more if you’re bringing any dependents). You’ll also need proof of income, health insurance and the usual travel documents. The visa costs $62 (£55).
That makes Namibia’s digital nomad visa scheme one of the most financially accessible in the world and making it the first country on the continent of Africa to offer such a visa programme.

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CIRCULAR – DIGITAL NOMAD VISA PROGRAMME

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Namibia commemorate SADC Liberation Day 23 March 2022

Namibia joins the rest of the Southern African Development Community (SADC) to commemorate SADC Liberation Day, on 23 March 2022, in honour of the sons and daughters who sacrificed their lives and paid the ultimate price in the struggle for the political liberation and economic freedom of the Region.

Since 2019, SADC has commemorated March 23 as the day that marked the end of one of the fiercest conventional battles at Cuito Cuanavale in southern Angola, where forces of the apartheid regime in South Africa were defeated, leading to the independence of Namibia and the creation of a non-racial democratic South Africa as well as the consolidation of the independence and sovereignty of Angola.

Thus, it brought to an end, the senseless destruction of economic infrastructure and bloodshed in Southern Africa.

The new chapter of peace and stability was opened, enabling the region to pursue the path of regional integration rather than confrontation. Hence, in commemorating March 23, Liberation Day, we honour the brave sons and daughters of the region and their fellow internationalist fighters who made supreme sacrifice in lighting the flame of freedom and whose blood watered the tree bearing the fruits we enjoy today.

Likewise, we salute the visionary founders of SADC whose foresight of Southern Africa moving towards political liberation has been translated into reality and it is now up to us and future generations to move it forward through the SADC Vision 2050 and the SADC Regional Indicative Strategic Development Plan (RISDP) 2020-2030; guiding the strategic direction of the Region.

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Namibia Investment Promotion and Development Board

Official launch of the Namibia Investment Promotion and Development Board.

The impact of Covid-19 has been dire for many countries including Namibia.

With the birth of this youngest IPA on the African Continent, we are switching gears on both domestic & FDI promotion strategies.

Ms. Nangula Nelulu-Uaandja, the former Managing Partner of PwC has been appointed as CEO of NIPDB, effective from January 2021.

 

 

Query Form:   https://rb.gy/nns47s#InvestNam #NIPDB

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Temporary Suspension of Mineral Rights

The Ministry of Mines and Energy will suspend the consideration and processing of all new applications for mineral rights for nine months as of 18 November 2020 to 17 August 2021. This suspension will only affect prospective or new applications and was necessitated due to the ministry reviewing the requirements and procedures under the Minerals (Prospecting and Mining) Act relating to the application for mineral rights and other provisions not included in the Act. The suspension has been proposed for purposes of efficiency, and to allow the ministry to complete this process within the shortest time possible.

More information : Temporary Suspension of Mineral Rights

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NAMIBIA´S PUBLIC HEALTH CONVID-19 GENERAL REGULATIONS

NAMIBIA  HAS LIFTED ITS STATE OF EMERGENCY ON SEPTEMBER 17.  THE COUNTRY WILL NOW BE GUIDED BY THE NEW PUBLIC HEALTH COVID-19 GENERAL REGULATIONS DERIVED FROM THE PUBLIC HEALTH AND ENVIRONMENTAL HEALTH ACT OF 2015. THE NEW REGULATIONS HAVE BEEN IN FORCE AS FROM 24TH OF SEPTEMBER 2020 AND WILL END ON 21 OF OCTOBER 2020.

Only Namibian Citizens,  Namibian Permanent Residence Permit holders and those domiciled in Namibia to be permitted to enter the country.

Travellers going for business, education,  health or tourism purposes will be permitted to enter the country . These categories, with the exception of tourists will be required to obtain prior approval through the Namibian missions 14 days in advance before traveling to Namibia.

Travellers are required to present a negative SARS- COV PCR test,  valid for seven days upon arrival. Travellers to be tested for COVID-19 on day five of the quarantine period at any facility and location of their choice.

All travelers except tourist to be subjected to mandatory quarantine at own cost, at government approved quarantine facilities (available@ www.namibiaturismboard.com.na). Namibian citizens may apply in advance for safe quarantine at their residences at own cost.

All travellers, except tourists, to remain at the quarantine facilities for a period of seven days, depending on the second COVID-19 test results. Travellers to make own arrangement for the COVID-19 test in Namibia.

See below more  information:

Government Gazette

Immigration Control Act

Pathcare Covid Testing form

Pathcare Testing Centres

MOHSS Case InvestigationForm