Weatherly International Plc

Weatherly International Plc – Contacts – Services and Branches

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1 Weatherly International Plc – Contacts – Services and Branches

Weatherly International has been operating in Namibia since 2006 and has a constructive and transparent relationships with the Namibian government, its agencies and other key stakeholders.

Weatherly’s Namibian subsidiaries have local Boards with a strong majority Namibian representation, and experienced Namibian senior management.

Namibia is a stable democracy, promotes foreign investment, has a long established mining act and operates under an independent legal system.

In 2016 the mining sector contributed approximately 11.1% of Namibia’s GDP. The mining sector generated some N$29 billion in foreign revenue earning in 2016, and of this N$12 billion was spent on locally produced good and services – accounting for 64% of the total procurement spend by the mining sector. Overall the mining sector spent 41% of revenue on local procurement. Consequently, mining is a valued industry by both the Namibian government and its people.

Namibian has been consistently ranked in the top four African countries by the Fraser Institute in terms of the Policy Perception Index, which serves as a ‘report card’ on the attractiveness of government mining policies.

In addition to this, the Namibian constitution and its political leaders promote and encourage inward foreign investment.

6.6% of Weatherly is held by Namibian Shareholders, including Epangelo Mining Company (the state owned mining company) and Labour Investment Holdings (the investment arm of the National Union of Namibian Workers).