• Mining
Thursday, July 31, 2025
Mining and Energy Namibia | Namibia’s Leading Mining & Energy News
NEWSLETTER
No Result
View All Result
  • Diamonds
  • Oil & Gas
  • Uranium
  • Green Hydrogen
  • Gold
  • Lithium
  • Energy
  • Copper
  • Zinc
  • Diamonds
  • Oil & Gas
  • Uranium
  • Green Hydrogen
  • Gold
  • Lithium
  • Energy
  • Copper
  • Zinc
No Result
View All Result
Mining and Energy Namibia | Namibia’s Leading Mining & Energy News
No Result
View All Result
Home Oil & Gas

Oil exploration drives Namibia’s FDI surge to N$13.9 billion in Q1

reporter by reporter
July 6, 2025
in Oil & Gas
1.8k 74
A A
0
 

Ongoing oil exploration and appraisal activities have propelled Namibia’s net foreign direct investment (FDI) to N$13.9 billion in the first quarter of 2025, according to the Bank of Namibia.

The surge represents a 28.8% increase from the previous quarter and a 14.5% rise year-on-year, underscoring the impact of sustained activity in the country’s emerging oil sector.

“Both yearly and quarterly growth in net foreign direct investment were mainly attributed to increased equity injections in the ongoing oil exploration and appraisal activities,” the central bank said in its Q1 2025 report.

The Bank also noted that the rise in FDI was supported by intercompany borrowing, particularly within the transport and mining sectors.

In contrast, other investment flows recorded a net outflow of N$2.6 billion, compared to a net inflow of N$5.6 billion in the previous quarter and a marginal outflow of N$4 million in the first quarter of 2024. The decline was mainly due to the repayment of foreign trade credits by resident companies, especially in the mining and wholesale sectors. It also included a principal repayment by government on its IMF Rapid Financing Instrument loan.

Meanwhile, longer-term trends show a growing appetite for investment in Namibia. According to the United Nations Conference on Trade and Development (UNCTAD), the country’s inward FDI stock rose to US$10.995 billion in 2024, up from US$9.2 billion the previous year.

“The upward trend in investment reflects renewed interest in Namibia’s mining, energy, and infrastructure sectors,” UNCTAD said in its World Investment Report 2025.

The agency also reported a significant rise in greenfield investment activity. Announced greenfield FDI projects totalled US$2.2 billion in 2024, up from US$1.2 billion in 2023 and US$576 million in 2022. Namibia recorded 19 greenfield project announcements in 2024, the highest since 2017.

Namibia’s outward FDI stock also rose to US$854 million in 2024, from US$768 million in 2023, indicating steady growth in cross-border investment activity by Namibian entities.

author avatar
reporter
See Full Bio
Share395Tweet247

Related Posts

Pancontinental raises oil resource estimate at PEL 87 to 2.5 billion barrels
Oil & Gas

Pancontinental raises oil resource estimate at PEL 87 to 2.5 billion barrels

  Pancontinental Energy NL has revised its estimates for prospective oil resources at the Oryx prospect within Petroleum Exploration Licence...

July 30, 2025
Eni rules out interest in Galp’s Namibian oil assets
Oil & Gas

Eni rules out interest in Galp’s Namibian oil assets

  Eni has announced it is not pursuing Galp’s asset divestment process in Namibia, saying it is focused on developing...

July 30, 2025

Recommended

Choppies July’s cheapest supermarket

Choppies July’s cheapest supermarket

2 years ago
Pancontinental raises oil resource estimate at PEL 87 to 2.5 billion barrels

Pancontinental raises oil resource estimate at PEL 87 to 2.5 billion barrels

14 hours ago
Load More

Newsletter

Black transparent logo for dark mode

About Us

The Namibia Mining and Energy website is a comprehensive online platform dedicated to showcasing Namibia's mining and energy sectors

Categories

  • Copper
  • Diamonds
  • Energy
  • Gold
  • Green Hydrogen
  • Lithium
  • Mining
  • Namibia
  • News
  • Oil & Gas
  • Opinions
  • Tin
  • Uranium
  • Zinc

Get in touch

Email:newsdesk@miningandenergy.com.na

© 2024 Mining and Energy | All Rights Reserved. The Namibia Mining and Energy website is a comprehensive online platform dedicated to showcasing Namibia's mining and energy sectors.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Diamonds
  • Oil & Gas
  • Uranium
  • Green Hydrogen
  • Gold
  • Lithium
  • Energy
  • Copper
  • Zinc

© 2024 Mining and Energy | All Rights Reserved. The Namibia Mining and Energy website is a comprehensive online platform dedicated to showcasing Namibia's mining and energy sectors.