Business / Economics

Swakop Uranium Contributes Over N$7.9 Billion to Namibian Economy in 2023

today23 October, 2024

Background

Swakop Uranium’s Husab Mine significantly boosted the Namibian economy in 2023, contributing over N$7.9 billion through local procurement, taxes, and social investments as per The Brief. The company has created more than 6,000 jobs, engaging with over 400 local suppliers, with 62% of its spending directed towards Namibian-owned businesses. The report highlights Swakop Uranium’s alignment with the country’s National Development Agenda and the Global Sustainability Goals, according to Eliphas Hawala, CEO of Epangelo Mining.

Written by: Leonard Witbeen