BFS Fund Manager, through the Namibia Procurement Funds I and II, has injected N$669 million into Namibia’s mining and quarrying sector by the end of 2025.
BFS Fund Manager Chief Executive Officer Theopolina Kapani-Emvula said the fund deployed N$20 million into the sector in 2024, followed by a further N$76.3 million in 2025, signalling renewed momentum in the industry.
“By the end of the 2025 calendar year, BFS Fund Manager had contributed N$669 million to Namibia’s mining and quarrying sector through NamPro Fund I and II. In 2024, NamPro Fund II deployed N$20 million, followed by N$76.3 million in 2025,” she told Namibia Mining & Energy.
Kapani-Emvula said a total of N$573 million was deployed between 2013 and 2023 under the two funds, laying the foundation for small and medium-sized enterprise participation in procurement-driven projects.
NamPro Fund I has since transitioned into a collections vehicle, while NamPro Fund II continues to deploy capital, with about 50% of its portfolio currently allocated to mining and quarrying projects.
Looking ahead, NamPro Fund II aims to grow its capital base to N$750 million by 2028, while expanding SME participation across mining, energy, oil and gas, health and infrastructure value chains.
BFS Fund Manager is also preparing to launch a venture capital or equity fund and is developing a Clean Energy Fund to align future investments with Namibia’s energy transition and sustainability objectives.
