Through the Namibia Industrial Development Agency (NIDA), the Ministry of Industries, Mines and Energy (MIME) is advancing major industrialisation projects, including a pipe manufacturing initiative valued at N$390 million covering construction and operational phases.

Minister Modestus Amutse said this during his motivation of the ministry's budget for the 2026-27 fiscal years.

The Ministry of Mines and Energy has been allocated N$826.6 million.

This amount reflects a decrease of N$25.507 compared to the previous financial year.

"The total operational budget of N$506 million is allocated as follows. Personal expenditure, N$223,470,000. Goods and other services, N$100,963,000. Subsidies and other current transfers: N$176,000 and N$67,000. And acquisition and capital assets: N$2 million. Capital transfers, N$3.5 million."

Programme allocations include over N$29 million for the promotion of local and foreign investment in exploration, over N$74 million for enhanced knowledge of Namibia's geological resources, over N$328 million for energy supply and security, N$24.9 million for the protection of the diamond industry, N$12.3 million for petroleum supply and security and over N$119 million for trade promotion.

"We also have industrial and business development. And in the area of industrialisation, the ministry, through the Namibia Industrial Development Agency (NIDA), is pursuing many projects, including pipe manufacturing, construction, and operation, valued at N$390 million. And I want to move then to the salmon farming, which NIDA will also undertake. Project venture value at N$2.5 billion, a mobile processing plant."