Opinion –  Unlocking Namibia’s natural wealth for shared prosperity

Opinion –  Unlocking Namibia’s natural wealth for shared prosperity

Namibia’s journey towards inclusiveness and sustainable development is inextricably linked to how it manages its natural resources. With abundant mineral resources, a promising green hydrogen industry, and rich marine and wildlife assets, the nation’s challenge is indeed leadership and stewardship, not scarcity. Whether these resources translate into shared prosperity depends on the quality of leadership and the depth of corporate governance guiding their use. Good governance is not a technical exercise; it is a moral and developmental imperative. Namibia’s Constitution, complemented by long-term strategies such as Vision 2030 and the Harambee Prosperity Plan, emphasises accountability, transparency, and ethical leadership as the foundations for progress. 

These ideals often clash with the bleak reality of weak institutional capacity, policy inertia, and low public trust levels. There is a need, therefore, for leadership to go beyond process management to the articulation of integrity, foresight, and accountability. 

While Namibia has taken steps in recent years to strengthen oversight institutions, enhance fiscal transparency, and initiate state-owned enterprise reform, lapses in procurement integrity, slow decision-making, and a general lack of effective communication with citizens have continued to erode confidence. True leadership demands action beyond mere adherence to forms of governance; it requires making hard choices with citizens in mind, rather than personal or political convenience. Natural resource management, in general, and the emerging green hydrogen and oil sectors, in particular, offer both opportunities and risks. If wisely managed, these sectors could redefine Namibia’s economic trajectory through job creation, innovation, and improved livelihoods. In case of governance failure, the country risks falling into the “resource curse” that has affected many resource-rich African countries. Equally, transparent licensing processes, equitable benefit-sharing mechanisms, and environmental safeguards will need to be non-negotiable. Equally significant is corporate governance in the private sector. As Namibia woos foreign investment and fosters local entrepreneurship, boards and executives should be embracing ESG. Ethical corporate conduct, stakeholder engagement, and responsible resource utilisation are not mere compliance matters-they form strategic imperatives that help sustain long-term value and national credibility. 

Ultimately, Namibia’s development depends on the character of its leadership. Ethical leaders build trust; accountable leaders establish institutions; visionary leaders provide a vision for the future. 

The country needs to invest in leaders who appreciate that governance is about service, not about control. Oversight bodies, like the Anti-Corruption Commission and the Auditor-General’s Office, should be empowered to function independently and efficiently, restoring confidence in the administration. The wealth of Namibia, if managed wisely and with integrity, could become the cornerstone of an equitable and prosperous society. The call is clear: strengthen governance, uphold transparency, and lead with a purpose to achieve all these. Only then would it be possible for Namibia to translate its natural endowments into lasting prosperity anchored in justice, accountability, and collective progress. 

* Abraham Shilomboleni holds a Bachelor’s in Accountancy, with Micro and Macro- Economics as key parts of his studies. He also has an Honors in Business Management and is an MBA candidate at HP-GSB. An author and experienced business, financial, and economic analyst, and works at a higher learning institution.