Promote and facilitate investment by foreign and Namibian investors and new Ventures that contributes to economic development and job creation.
Implement Namibia Investment Policy and attendant Strategy.
Review and propose policy reforms and measures to support trade and investment promotion, conducive labour market policies, improve the country's Competitiveness and the Ease of Doing Business.
Develop and implement branding interventions that promote Namibia as an attractive investment destination.
Develop institutional mechanism and assume lead coordinating role across all levers for SME Development nationally.
Implement the National MSME Policy of 2016.
Promote regional Special Economic Zones that leverage the geographic comparative advantages of each region.
In collaboration with relevant stakeholders, facilitate collaborative roles between Government and private sector to stimulate the growth, expansion and development of the Namibian economy.
The Namibia Investment Promotion and Development Board (NIPDB) which commenced operations on 1 January 2021 is in the process of consolidating and taking over the activities of the Namibian Investment Centre (NIC) and SME Development programmes from the Ministry of Industrialization and Trade (MIT) in an effort to accelerate and propel sustainable and impactful investment opportunities for Namibia.
Amongst others, the NIPDB’s mandate is to promote, attract and retain both domestic and foreign investments. In addition, the board will oversee the Small and Medium Enterprise (SME) operations with the ambition to create and stimulate new ventures that will meaningfully contribute to the Namibia’s economic development.
The Board will also develop new investment strategies, explore synergies with the public and private sector in order to create a conducive investment environment in the country.