The Namibian government has set its sights on netting N$12billion approximately US$ 1.5b from the mining sector by 2014 following a boost in production brought about by the uranium rush in the Erongo region of the country. - The ambitious plan is also driven by favourable uranium prices on the global market. The Namibian Minister of Mines and Energy Isak Katali confirmed the move at a mining symposium hosted in Windhoek this week. He also called for cementing of relations with their former colonial masters Germany following an official visit by the president of the Federal Institute for Geosciences and Natural Resources, Hans-Joachim Kumpel at the same occasion. Katali applauded the…

The Namibian government has taken a hard-line stance to diversify the economy in a bid to move away from the overreliance in the mining sector the country's Finance Minister told Africa News. - Minister, Saara Kuugongelwa-Amadhila said the country needs to continue diversifying its economic base to move away from heavy reliance on the commodity market through the inclusion of the service industry. “We have admitted for a long time that we need to cut down on the reliance on commodity contribution to the Gross Domestic Product. This follows the recent ratings by the Global Economic Forum indicating that Namibian economy has remained stagnant with both the education and healt…