Namibia eyes stakes in local mining and oil companies – official ...News

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Namibia eyes stakes in local mining and oil companies – official
The state is looking to gain more control over the country’s natural resources, the Mining Ministry says The Namibian government is considering taking stakes in local oil and mining companies to share in their profits amid increasing concerns over the ownership of valuable resources, the country’s mining and energy minister, Tom Alweendo, told lawmakers on Tuesday. He said the government is currently focused on minority stakes in the firms. “We are making a case that local ownership must start with the state, which holds ownership of our natural resources. The proposed state ownership should take the form where th

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