{"id":100517,"date":"2026-04-07T14:18:14","date_gmt":"2026-04-07T14:18:14","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing"},"modified":"2026-04-07T14:31:11","modified_gmt":"2026-04-07T14:31:11","slug":"govt-pushes-for-ten-percent-share-in-rossing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing","title":{"rendered":"Govt Pushes for Ten Percent Share in R\u00f6ssing"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>Prime Minister Elijah Ngurare confirmed that the government is currently discussing the possible acquisition of a 10% stake in Ro\u0308ssing Uranium.<\/p>\n<p>The Namibian government currently holds less than 4% of the shares.<\/p>\n<p>The PM said the stake was originally held by South Africans during the apartheid era and, under the law of succession, it should technically belong to the Namibian government.<\/p>\n<p>\u201cThe line minister and others are pursuing that route precisely to maximise Namibia\u2019s stake in Ro\u0308ssing Uranium, which is the right thing to do, and if then the State is not willing to take it up, of course, we can extend it to all others that might have the financial capacity to do so,\u201d he said.<\/p>\n<p>Ngurare noted that Namibians must benefit and reap the fruits of the resources of the country, including, in this case, uranium.<\/p>\n<p>Popular Democratic Movement leader McHenry Venaani last week said it should be something that takes priority in government to make sure that \u201cwe empower a number of Namibians through 10%.\u201d<\/p>\n<p>He cited the stake is roughly between N$1.5 billion and N$2 billion.<\/p>\n<p>\u201cI want to know how the government is monitoring the situation and how you are insisting that these businesses can come together and work out a framework where more and more Namibians can be empowered through this resource,\u201d he said.<\/p>\n<p>In retrospect, the 10% stake was held by the Industrial Development Corporation of South Africa (IDC), which opened a public \u201cdisposal\u201d process to sell its 10.2% equity stake early this year, attributing it to the end of its investment period.<\/p>\n<p>The Extractor Magazine reports that the IDC was one of Ro\u0308ssing\u2019s founding shareholders when the uranium mine began operations in the 1970s.<\/p>\n<p>In 2018, Rio Tinto sold its majority stake to China National Uranium Corporation, it states.<\/p>\n<p>The Chinese company now holds 68.6% of the shares.<\/p>\n<p>The magazine also cites that the Iranian government has owned 15% of Ro\u0308ssing since 1976. Namibia retains 51% of the mine\u2019s voting rights.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Namibia<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. Prime Minister Elijah Ngurare confirmed that the government is currently discussing the possible acquisition of a 10% stake in Ro\u0308ssing Uranium. The Namibian government currently holds less than 4% of the shares. The PM said the stake was originally held by South Africans during the apartheid era and, under the law of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":100516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233],"class_list":["post-100517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Govt Pushes for Ten Percent Share in R\u00f6ssing - Namibia<\/title>\n<meta name=\"description\" content=\"Prime Minister Elijah Ngurare confirmed that the government is currently discussing the possible acquisition of a 10% st ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Pushes for Ten Percent Share in R\u00f6ssing\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Elijah Ngurare confirmed that the government is currently discussing the possible acquisition of a 10% st ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-07T14:18:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T14:31:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2026\/04\/sm_1775559644.080384.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1556\" \/>\n\t<meta property=\"og:image:height\" content=\"1036\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Govt Pushes for Ten Percent Share in R\u00f6ssing\",\"datePublished\":\"2026-04-07T14:18:14+00:00\",\"dateModified\":\"2026-04-07T14:31:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing\"},\"wordCount\":347,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2026\/04\/sm_1775559644.080384.jpg\",\"keywords\":[\"namibia\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/govt-pushes-for-ten-percent-share-in-rossing\",\"name\":\"Govt Pushes for Ten Percent Share in R\u00f6ssing - 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