WHY INVEST
IN NAMIBIA
A hub for prosperity!
ABOUT
NAMIBIA
Namibia is positioning itself as a gateway for industrialisation in Southern Africa. With a strategic location, complemented by the world-class port at Walvis Bay, abundant natural resources, and forward-looking policies, Namibia provides unparcelled access to the African market that boasts over 350 million people.
Furthermore, with ambitions to become a logistics hub, Namibia offers seamless connectivity through road, rail, and sea transportation, linking neighboring countries and the Southern African Development Community to the global marketplace.
There has never been a better time to invest in Namibia.
Sound Financial System
Namibia’s financial system is both robust and profitable, with a wide range of financial markets, instruments, institutions, and infrastructure.
The country’s financial markets have been ranked sixth most developed out of 26 African countries evaluated in a 2022 study conducted by the Absa Group in association with the London-based Official Monetary and Financial Institutions Forum (OMFIF). The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority (NAMFISA) are responsible for ensuring financial stability in the country.
Strong Macroeconomic Framework
Namibia is an upper-middle income country with ambitions to become a high-income industrialised nation by the year 2030.
If recent assessments are proven commercially viable, Namibia could become a top 15 global oil producer by 2035, thus unlocking an unprecedented revenue windfall for the Namibian government. Primary infrastructure (roads, rail, air, energy, and telecommunications) is relatively well developed and modern. The economy is mostly export-driven. Mining, fishing, tourism, and agriculture are Namibia’s key industries.
Conducive Business Environment
With the establishment of an Investment Promotion Agency, NIPDB, Namibia is committed to creating a conducive business environment in which investors can register and thrive.
The Investment Board exists to develop new investment strategies, create a seamless investor experience and explore synergies with the public and private sector and in order to create a conducive investment environment in the country.
Globally Competitive Infrastructure
Namibia boasts a highly competitive and well-maintained network of transportation and communication infrastructure, including roads, airports, seaports, railways, electricity, postal services, and telecommunications.
Accessing these services within Namibia is simple, straightforward, and hassle-free.
Good Governance, Peace & Stability
The Namibian Constitution is the supreme law of the country, and ushered in the principle of constitutional supremacy and a system of governance based on the principles of constitutionalism, the rule of law, and respect for the human rights of the individual.
The application of the Constitution is successful in preserving equality, peace and stability. Namibia has seen three decades of independence, smooth transition of power between three presidents as well as peace, stability and progress.
Young, Educated & Trainable Workforce
Namibia has a relatively well educated and youthful workforce. In proportion to its population, the country has an abundance of public and private universities, as well as vocational training institutions distributed across the nation.
The country’s education system is flexible and responsive to the needs of emerging industries, producing a competent and well-trained workforce.
Access To Markets
Namibia is uniquely positioned to serve as a gateway for the region. With an integrated system of well-maintained transportation networks, Namibia’s ports serve as an entry point for landlocked African countries seeking access to the global market.
Namibia currently has the following regional integration and bilateral trade agreements, amongst others:
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Africa Continental Free Trade Area (AfCFTA)
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Southern African Development Community (SADC)
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Southern African Customs Union (SACU) – South Africa, Eswatini, Namibia, Lesotho & Botswana
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Economic Partnership Agreement European Union
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Free Trade Agreement between the European Free Trade Association (EFTA) States and the SACU States (Iceland. Liechtenstein, Norway & Switzerland)
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Preferential Trade Agreement between the Common Market of the South (MERCOSUR) and SACU
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SADC & EU Economic Partnership Agreement (EPA)
