Namibia: South Africa’s epicenter for uranium mining growth
Namibia’s real GDP has witnessed an average annual growth rate of approximately 4.5% in the past decade. This can be attributed to growth in the mining, retail and wholesale and manufacturing sectors. Namibia has managed to maintain a stable macroeconomic environment, low budget deficit, and improved fiscal and monetary policies. Buoyed by the existence of significant uranium deposits in the country, capital investment projects and growth in international demand for nuclear energy is increasing.
2012-12-26
By Christy Tawii, Frost & Sulliv