Fraser Institute, the Canadian-based research house and think tank, this week named Namibia as Africa’s second most liked mining destination after Botswana.
According to the annual survey conducted by Fraser Institution, Namibia won this recognition because it had improved uncertainty around disputed land claims in that country among other things.
Isak Katali, the Minister of Mines and Energy, said this award meant that business confidence in the country had gotten good and the security of tenure guaranteed.
“Furthermore, it means that we have a favourable mining regulatory framework and policies in place,” Katali was quoted as saying in a report released by Imara Africa Equity Research.
Additionally, Namibia bettered its global position from 45th (2012) to 30th (2013) out of 96 jurisdictions. Botswana took the 25th position in world rankings in 2013.
The annual survey is sent to about 4,100 exploration development and other mining firms to determine where investors are prepared to put in their money.
The survey helped in turning the focus to Namibia’s mining sector as a world class producer of diamonds, uranium, gold, copper and Zinc and an investor-friendly place to conduct business.