US Increases Investment Interest in Namibia's Oil and Mineral Resources
The US shows heightened interest in Namibia's minerals and oil sector, prompting the Namibian government to promote value-added trade. With focus on uranium, lithium, and tantalum, Namibia seeks partnerships across the mining and energy value chain while prioritizing national development. US companies are already engaged, and a recent extension of the African Growth and Opportunity Act aims to deepen bilateral trade.
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The United States has increased its investment interest in Namibia's mineral resources and oil sector, particularly in uranium, lithium, and tantalum. The Namibian government aims to promote mineral beneficiation and downstream processing instead of solely exporting raw materials.
Existing US companies like Chevron and Baker Hughes are active in Namibia, with intensified engagements this year. The Namibian government seeks long-term partnerships across the mining and energy value chain, supported by a stable regulatory framework and adherence to national laws.
Recent visits by US officials highlight the importance of Walvis Bay as a logistics hub for regional energy and trade. The extension of the African Growth and Opportunity Act until December 2026 is expected to enhance trade relations, which currently include imports of beef, charcoal, dates, and grapes from Namibia.
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