
Namibia is taking a tougher approach toward foreign investors in its critical-minerals sector, with President Netumbo Nandi-Ndaitwah calling for companies to process minerals inside the country rather than exporting raw materials. Namibia produces uranium and has deposits of lithium, rare earths, copper, and graphite. Now, the government is demanding a larger share of the value, jobs, and industrial activity generated by these resources. Nandi-Ndaitwah also said local partnership requirements for foreign firms will be written into law, reviving an empowerment bill that has languished since 2015. For foreign investors who help the government achieve its goal, she promised stability and a long-term relationship. Nandi-Ndaitwah linked the policy to Namibia’s unemployment crisis, saying more than 40% of the population is unemployed. She has pledged about $5 billion to create 500,000 jobs by 2029, a major target for a country of roughly 3 million people.
