Namibia has been identified as the future of the top wealth hub by the latest New World Wealth report of Henley and Partners.

According to the authors, the country's abundant natural resources, low population density, transport infrastructure, new oil finds, and most critically, good safety and security when compared to its neighbours,

Henley and Partners also predict Namibia will become Africa's next big millionaire hotspot.

According to the report, there are 2,150 US-dollar millionaires in Namibia, and this number is expected to rise to over 10,000 by 2040.

The Minister of Works and Transport says Namibia needs to upgrade its transport infrastructure to attract more investors as well as to be competitive globally.

John Mutorwa emphasized this at the inauguration of the B2 truck port service station at Arandis.

Mutorwa says the Erongo Region contributes immensely to the country's economy because of its large port in Walvis Bay, significant uranium mines, gold, marble, and lithium deposits, tourism, and the fishing sectors.