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nam mining

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Background

Business / Economics

Mining Industry Boosts GDP and Local Economy in 2023

Mines and Energy minister, Tom Alweendo, announced that Namibia's mining sector significantly increased its contribution to the GDP to 14.4% in 2023, up from 11.9% in 2022. The industry spent over N$21 billion on local procurement and contributed N$6.4 billion in royalties and taxes, compared to N$4.2 billion the previous year. Employment in the sector reached 18,189, with N$211 million spent on corporate social responsibility. Alweendo emphasized the mining industry's […]

todayJune 20, 2024 29

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