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Mining pays Namibia N$7.8 billion as corporate tax jumps 55%

by Editor
April 29, 2026
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Mining pays Namibia N$7.8 billion as corporate tax jumps 55%
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Namibia’s mining sector paid N$7.805 billion to the government in 2025, driven by a sharp rise in corporate tax contributions as strong commodity prices and higher uranium output boosted industry earnings.

New figures from the Chamber of Mines of Namibia show corporate tax was the single largest payment category at N$4.662 billion, up 55% from N$3.008 billion in 2024.

Royalty payments reached N$2.458 billion, compared with N$2.256 billion the previous year, while export levies climbed 90% to N$685 million from N$360 million in 2024.

The total tax take of N$7.805 billion marked a 39% increase from N$5.624 billion paid in 2024, underlining mining’s role as one of Namibia’s most important sources of state revenue.

Beyond direct taxes, the industry also injected billions more into the domestic economy.

Mining companies paid N$7.959 billion in wages and salaries during the year and spent N$23.974 billion on local procurement.

Fixed investment by the sector reached N$7.461 billion, while exploration spending rose to N$1.496 billion, signalling continued interest in future mine development.

The industry also reported N$224 million in skills expenditure, including VET levy-related spending, and N$256 million in corporate social responsibility programmes.

The Chamber’s review shows that while mining contracted by 9.4% in real terms during 2025, the sector still contributed 14% of GDP and remained a critical pillar of Namibia’s fiscus, exports, employment and investment pipeline.

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