Namibian President Nangolo Mbumba has reaffirmed confidence in the country’s economic trajectory, identifying mining, oil and gas, critical raw materials, and green hydrogen as primary growth drivers. Speaking at the first Cabinet meeting of 2025, Mbumba underscored Namibia’s post-pandemic economic recovery and the anticipated role of tourism in employment generation.
Mbumba noted that the country’s economic indicators point to sustained growth, with non-mineral sectors such as tourism poised to play a crucial role in fostering job creation. “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,” he stated. “Growth in the non-mineral economy, specifically tourism, is opening up opportunities for job creation in 2025 and beyond.”
His remarks come as Namibia continues to solidify its position as a regional leader in emerging industries. The country’s green hydrogen ambitions, in particular, have attracted global interest, with significant investment pouring into the sector. The government has been actively courting international partners to develop Namibia’s green hydrogen industry, a move that could position the country as a major supplier of renewable energy in Southern Africa and beyond.
Beyond outlining economic opportunities, Mbumba stressed the importance of ensuring that government policies yield tangible benefits for citizens. He urged Cabinet members to ensure that economic growth translates into improved livelihoods, job creation, and poverty reduction. “These should not just be numbers—our decisions should translate into a better quality of life for Namibians,” he emphasised.
His address also carried a note of urgency, given the transition of leadership set to take place on 21 March 2025. With the inauguration of Namibia’s first female president, Netumbo Nandi-Ndaitwah, the current administration has a limited window to conclude outstanding government business. Mbumba called on ministers to prioritise efficiency and transparency in the final weeks of his presidency, ensuring a smooth handover to the incoming government.
“We should spare no effort to ensure that all the dossiers, all the programmes, and all activities that can be concluded ahead of 20 March 2025, are concluded,” he urged, reinforcing the importance of accountability and effective governance during this transition period.
Namibia’s economic resilience and diversification efforts align with broader regional and global trends. The government has been proactive in leveraging its natural resources while also focusing on long-term sustainability. The green hydrogen industry, which is still in its early stages, presents a unique opportunity for Namibia to become a leader in clean energy. Similarly, investments in oil and gas are expected to boost government revenue and infrastructure development. Tourism, which suffered severe setbacks due to the COVID-19 pandemic, has shown signs of robust recovery. The government anticipates that renewed international interest in Namibia’s diverse landscapes and wildlife will translate into greater employment opportunities. The sector remains a key pillar of the economy, with conservation and eco-tourism playing a significant role in attracting visitors.
Looking ahead, Mbumba’s remarks suggest that Namibia’s economic future is poised for sustained growth, underpinned by strategic investments in both traditional sectors such as mining and energy, as well as emerging industries that promise long-term sustainability. The government’s commitment to creating job opportunities, enhancing quality of life, and ensuring accountable governance in the lead-up to the March 2025 transition will likely play a pivotal role in shaping the country’s development for years to come. With a clear focus on diversification and sustainable growth, Namibia is positioning itself to navigate the challenges of a changing global economy while fostering an environment of inclusive prosperity for its citizens.
