Namibia’s gold rush is on
Namibia's mining sector is undergoing a strategic shift as gold becomes a central pillar of the national economy. Despite the closure of the Otjikoto open-pit mine, new projects like Twin Hills and underground expansions are expected to drive growth through 2030.
Why it matters
The transition toward a more diversified and sustainable mining strategy is critical for Namibia's long-term economic resilience.
Namibia’s gold industry is entering a defining period. Between now and 2030, billions of dollars in investment, several major discoveries and a fresh government strategy are expected to reshape the country’s mining landscape — and with it, its economy.
That’s the assessment of Andreas Salom, acting senior manager for investment analysis and development at the Namibia Investment Promotion & Development Board.
Salom acknowledges that gold output may dip slightly in 2026, as open-pit mining winds down at B2Gold’s Otjikoto mine in the Otjozondjupa region about 300km north of Windhoek. It sits near the towns of Otjiwarongo and Otavi and takes its name from the nearby Lake Otjikoto, a well-known sinkhole lake in the area.
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