The “Uranium Rush” in Namibia, is the direct result of good prices, increased environmental awareness and increased demand due to economic growth in countries such as China resulting in renewed exploration and investment in Uranium since 2000; with new mines joining Rossing Uranium. The paper looked at uranium mining in Namibia, the regulatory framework under which uranium mining takes place, and the impact of this venture on the Namibian economy by looking at its contribution to GDP and revenue generation. The paper found that uranium mining has a positive impact on the Namibian economy and also highlights the fact that there is need for a full impact analysis of uranium mining in Namibia with a focus on the environment and the socio-economics.