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Vol 49 No 24

Published 28th November 2008


Swapping Stakes

There are over sixty current prospecting licences for uranium in Namibia

As Namibia's economy faces international pressure, its central bank, the Bank of Namibia, has revised its forecast for this year's real gross domestic product growth to 3.9% from 4.7%. The government is keen for foreign investors to develop its large, easily-accessible uranium reserves in the central Namib desert. Up to ten mainly junior Australian and Canadian exploration firms have been tempted to invest in the past three years by the sharp rise in the uranium price.

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