Namibia provides numerous opportunities for international investors seeking a foothold and growth on the African continent.
INFRASTRUCTURE AND LOGISTICS
Namibia has embarked on a large-scale programme of renewing and developing its infrastructure. Investment opportunities may take the form of public-private partnerships (PPPs) either on a per project basis or with equity holdings. Certain utilities may be wholly owned by investors.
Current focal areas are the development of water infrastructure, power generation and transmission infrastructure, as well as the transport and logistics infrastructure, notably road, rail and port with an emphasis on corridors to SADC states.
SERVICED LAND AND HOUSING
Namibia currently has a deficit of affordable serviced land and housing. Accordingly there are opportunities for investment and operations in this field.
MANUFACTURING AND MARKET ACCESS
Namibia provides preferential incentives to manufacturing enterprises, particularly those that add value to local commodities. It facilitates access to the other 14 SADC member states. The SADC region has an estimated population of +/- 280 million. Physical trade is managed by the Walvis Bay Corridor Group which oversees transport corridors to SADC markets. Namibia also has duty and quota-free access to the Southern African Customs Union (SACU). A wide range of trade agreements has been signed with various blocs and nations of the African continent. Chief among these are AGOA with the USA, the EU-EPA and the Cotonou Agreement between the EU and ACP states.
To prepare for climate variability and mitigate drought, climate change adaptive technologies are required for crop production.
The Government of the Republic of Namibia is guided by long-term development objectives as outlined in National Development Plans (NDPs) and Vision 2030 strategy. The mandate of the Ministry of Agriculture, Water and Forestry is the promotion, development, management, and utilisation of agricultural, water and forestry resources. It is, therefore, the objective of the Government to ensure agriculture productivity and food security in line with Vision 2030.
A strong and an efficient agricultural sector would enable the country to feed its growing population, generate employment and foreign exchange, and provide raw materials for industries and a market for industrial products. This will also see to it that the Harambee Prosperity Plan’s objective on “improving agricultural output” is realised.
Namibia values private social engagement, particularly specialists in health and education, to augment public provision of social services.
Namibia is a popular travel destination and investment in tourism is welcomed, especially in accommodation facilities. Further opportunities exist for PPPs in community conservancies.
POPULATION AND LANGUAGES
Namibia is the second most sparsely populated country in the world. The average population density is approximately 2.6 people per square kilometre. The total population is estimated at 2.2 million, of which around 15% reside in the capital, Windhoek. Approximately 37% of the population live in urban areas.
English is the official language, but Namibia’s relatively small population is extraordinary diverse in language and culture. More than 11 languages are indigenous to Namibia and people commonly speak two or three languages and more than 49% of the population speaks Oshiwambo. Indigenous languages includes: Oshiwambo, Afrikaans, Herero, KhoeKhoegowab, German, Lozi, Rukwangali, Tswana and various San languages are also spoken by different groups of the population.
SADC MARKET ACCESS
The Southern African Development Community (SADC) is a Regional Economic Community comprising 15 Member States; Angola, Botswana, Democratic Republic of Congo, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia and Zimbabwe. Established in 1992, SADC is committed to Regional Integration and poverty eradication within Southern Africa through economic development and ensuring peace and security.
SADC +/- 280 million people
SACU +/- 57 million people
The SADC & CMA markets combined: +/- 280 million people
KEY INVESTOR SERVICE AGENCIES
THE NAMIBIA INVESTMENT CENTRE
The Namibia Investment Centre provides general information and advice on investment opportunities, incentives and procedures. It also assists by streamlining and coordinating with government ministries and regulatory bodies.
Deputy Permanent Secretary
+264 61 283 7335/7254
WALVIS BAY CORRIDOR GROUP
The Walvis Bay Corridor Group is a facilitation centre and one-stop shop coordinating trade along the Walvis Bay Corridors which link Namibia and its ports to the rest of the SADC trading partners.
Johny M. Smith
Chief Executive Officer
+264 61 251 669
DEVELOPMENT BANK OF NAMIBIA
A broad range of financial products, as well as financing for PPPs engaged in developing infrastructure, is made available by the Development Bank of Namibia for projects that have a high development impact.
Senior Manager: Corporate Communication
+264 61 290 8000
NCCI – THE NAMIBIA CHAMBER OF COMMERCE AND INDUSTRY
The NCCI’s brand promise is to be ‘’A premier voice for business in Namibia’’. Their core functions includes:
-Outgoing and incoming business missions.
-Certificates of Origin
The Chamber provides trade and investment facilitation related advisory services to the members and non-member institutions. The service is rendered through consultancy to individual businessman and covers among others:
-Business support through providing accurate or up to date information regarding regulatory issues of export – import procedure, investment requirements, licensing requirements and more
-Business matchmaking like B2B or B2G Meetings
-Support in trade missions & exhibition
-Industry representations in international trade negotiations or facilitation meetings
+261 61 228 809