Nairobi:The Namibia Investment Promotion and Development Board (NIPDB) has highlighted the potential for sustainable investment in the Kunene region, aiming to diversify its economy and enhance its foreign direct investment (FDI) footprint.

According to Namibia Press Agency, NIPDB Acting Chief Executive Officer Julia Muetudhana addressed the Kunene Regional Mining Summit, emphasizing the region's current FDI stock of only 0.2% as of 2025. She discussed the limitations posed by water security, transport and logistics connectivity, digital connectivity, and high business costs, which hinder investment potential.

Muetudhana suggested that improving infrastructure such as water systems, transport corridors, and telecommunications could foster an environment conducive to investment, industrialization, value addition, and job creation. She pointed out that Kunene's geological potential, with its multiple mineral systems and underexplored areas, presents further opportunities for exploration and investment in the mining sector.

Fabian Shaanika, Chief Executive Officer of the Chamber of Mines of Namibia, advocated for mining investments that go beyond extraction, suggesting that they should also create opportunities within the broader value chain. This includes services related to mining, local procurement, logistics, skills development, and infrastructure such as roads, bridges, and energy installations.

Muetudhana also mentioned the proposed Baynes Hydropower Project on the Kunene River, which could enhance energy security and support sectors like mining, tourism, agriculture, and industrial development. Additionally, she identified agriculture, food processing, tourism, renewable energy, and transport as priority sectors for investment.

The region's tourism assets and cultural heritage were noted as potential areas for growth, with possibilities in accommodation, conservancy-based tourism, and adventure tourism. Muetudhana called for the development of bankable projects and support for micro, small, and medium enterprises to increase regional investment readiness.