Namibia should harness the ocean economy to promote growth
In May this year, Debmarine Namibia announced that it will build a state of art diamond recovery ship costing US$ 468 million. The vessel is slated to be operational by the year 2022. When in operation the vessel is expected to harvest 500,000 carats per year. Debmarine, which is a joint venture between Anglo-American and the Namibian Government, has demonstrated its faith in the Ocean economy by continuing to invest in marine diamonds.
Namibia established its Exclusive Economic Zone in 1990 in accordance with the United Nations Convention on the Law of the Sea.
