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A surge in investor interest is reshaping Namibia’s economic outlook. In this episode of RMB Africa Focus, Crystal Orderson speaks to RMB’s Angelique Peake about how the country can harness this momentum to drive inclusive, long-term growth, while creating jobs, building local capability and balancing environmental considerations, global pressures and the realities of a small but evolving economy.
RMB Africa Focus S5: E1 | Namibia
RMB Africa Focus S5: E1 | Namibia : Lester Kiewit Cape Talk
RMB Africa Focus S5: E1 | Namibia : Bongani Bingwa 702
What was discussed
Namibia is navigating a significant shift, as growing global interest meets the realities of a small developing economy. This episode explores how the country can make the most of this moment, while building a foundation for long-term, inclusive growth.
A broader resource story
Namibia’s opportunity is not limited to oil and gas. The conversation highlights renewed activity across uranium, mining and other commodities, alongside a history of managing different resource cycles. This diversity, together with strong infrastructure and regulatory systems, is helping to attract sustained investor interest.
Turning opportunity into jobs
With unemployment a major challenge, a key focus is how this wave of investment can translate into meaningful job creation. While core industries are highly specialised and will take time to localise, there is potential for wider economic participation through the industries and services that support them.
A long-term shift in skills and capacity
The transition underway will take time. Building the skills needed to participate fully in sectors like oil and gas is a long-term process, with international players already starting to train and develop local talent. The discussion emphasises that this is not a short-term cycle, but a gradual shift over many years.
Green hydrogen and local value creation
Green hydrogen remains part of Namibia’s future, but its role is evolving. Rather than a near-term standalone pillar, the focus is shifting toward using energy locally to support industries such as fertiliser and steel production, creating more value within the country.
Logistics and regional opportunity
Developments around Walvis Bay are strengthening Namibia’s position as a regional logistics hub. Plans to expand storage and distribution capacity could support fuel supply across Southern Africa, particularly for landlocked countries.
Stability and investment confidence
Namibia’s stable legal, financial and regulatory systems continue to play an important role in attracting global investors. This stability gives the country a strong foundation as it navigates increased interest and faster-moving global dynamics.
Building beyond the boom
Ultimately, the opportunity goes beyond any single resource. The discussion points to the potential to build industries, skills and infrastructure that can support the economy long after current resource cycles have passed.