Namibian President Nangolo Mbumba has expressed confidence in the country’s economic trajectory, highlighting mining, oil and gas, critical raw materials, and green hydrogen as key growth sectors.
Speaking at the first Cabinet meeting of 2025, Mbumba noted that Namibia’s economy has rebounded to pre-pandemic levels, with tourism set to drive employment growth this year.
“I am pleased with the economic prospects that lie ahead, mainly driven by mining, oil and gas, critical raw materials, as well as green hydrogen. Growth in the non-mineral economy, specifically tourism, is opening up opportunities for job creation in 2025 and beyond,” Mbumba stated.
Final Cabinet Meeting Before Leadership Transition
Also read: Wia Gold Drives Exploration in Namibia and Côte d’Ivoire
As Namibia prepares for a leadership transition on March 21, 2025, Mbumba urged his Cabinet to prioritise policy implementation, transparency, and accountability.
“These should not just be numbers—our decisions should translate into a better quality of life for Namibians,” he emphasised.
With the first female president, Netumbo Nandi-Ndaitwah, set to take office, Mbumba called for the completion of outstanding government projects and programmes before the transition.
“We should spare no effort to ensure that all the dossiers, all the programs, and all activities that can be concluded ahead of 20 March 2025, are concluded,” he added.
Economic Priorities Moving Forward
Also read: Namibia’s Offshore Oil Ambitions Unshaken by Shell Write-Down
Namibia’s ruling SWAPO Party retained power in the 2024 presidential and National Assembly elections, positioning Nandi-Ndaitwah to continue the government’s economic policies. Key growth drivers for 2025 and beyond include:
✅ Mining & Critical Raw Materials: Expansion of mineral resource extraction to boost exports.
✅ Oil & Gas: Development of Namibia’s emerging hydrocarbons sector.
✅ Green Hydrogen: Positioning Namibia as a leader in Africa’s renewable energy transition.
✅ Tourism & Non-Mineral Economy: Driving employment and sustainable economic growth.
Also read: Historic Milestones: Ghana and Namibia Elect Female Leaders
As Namibia enters a new era of leadership, the emphasis remains on economic stability, job creation, and long-term development.
