Tourism is a vital economic pillar for Namibia, tasked with driving job creation and poverty alleviation (World Travel & Tourism Council, 2023). This mixed-methods study investigated the contribution of tourism to the economic livelihoods and broader social well-being of community members in the high-poverty Tsumeb Constituency, Oshikoto Region. Using an explanatory sequential design (Quantitative survey, N=300; Qualitative interviews, N=30), a Multiple Regression Analysis found a strong, statistically significant positive relationship between key tourism activities and improved livelihoods. The model demonstrated high explanatory power (R2=0.78, F (3, 296) = 210.55, p < 0.001). The study found a strong association between tourism and primary employment generation, with 72% of respondents employed in the sector. Critically, beyond the direct economic gains, tourism delivered significant spillover benefits across health, education, and infrastructure (Thomsen et al., 2022). However, qualitative data highlighted severe economic inequity, where large business owners benefit substantially more than low-paid employees, perpetuating wealth disparity. We recommend the Ministry of Environment, Forestry and Tourism (MEFT) shift policy focus from maximizing tourist volume to regulating benefit distribution through a Public Private Partnership (PPP) framework that mandates local SME ownership and management to ensure a more equitable outcome.