Namibia has 15 investment projects worth N$63.5 billion ($3.8 billion) currently underway, with more than 24,000 jobs projected at full operation, President Netumbo Nandi-Ndaitwah said Wednesday in her State of the Nation address to Parliament.

The projects form part of a broader investment drive the eighth administration has prioritized as central to its economic transformation agenda under the sixth National Development Plan, or NDP6, which runs through 2030.

Among the projects already in progress are the Osino Gold Mine and the Bannerman Etango Uranium Mine, both of which have already generated 1,934 jobs, with 24,195 positions projected once they reach full operation.

Nandi-Ndaitwah said 13 additional operational investment projects valued at N$4.3 billion have already been registered, generating 1,503 jobs during the review period.

“Our central focus in all sectors is job creation,” she said.

The investment pipeline reflects Namibia’s continued effort to move beyond dependence on primary commodity exports and build a more diversified economy.

Mining, energy, oil and gas, tourism and fisheries are identified in NDP6 as the critical economic enablers driving this transition.

The president said the government has also improved conditions for investors, including reducing average business registration waiting periods from 21 to 14 days through the operationalization of a dedicated one-stop shop.

Namibia’s GDP is projected to grow from 1.7% in 2025 to 3.1% in 2026, though Nandi-Ndaitwah acknowledged that the ongoing conflict in the Middle East poses a downside risk to that outlook.

The Social Security Commission recorded more than 130,000 new employee registrations during the review period, a figure the president cited as evidence that the administration’s economic policies were producing measurable results.

“These achievements are noteworthy, but the journey toward true national development remains ongoing,” she said.