As Namibia’s lead investment promotion agency, the Namibia Investment Promotion and Development Board (NIPDB) is committed to creating a simple and transparent business environment, built on the foundation of peace, stability and rule of law.
The NIPDB commenced operations in January 2021, taking over the functions of our predecessor, the Namibia Investment Centre (under the Ministry of Industrialisation and Trade) to become the lead investment agency for Namibia. Located strategically in the Office of the President, the NIPDB serves as the first point of call for potential investors wanting to do business in Namibia. Our aim is to make Namibia the investment destination of choice by improving the ease of doing business here, starting with eliminating red tape and driving policy reforms.
We provide investors with an end-to-end solution from facilitating exploratory visits, business registration, visas and permits application, to licences attainment and partnerships. Furthermore, the NIPDB collaborates with relevant agencies to identify and find solutions to general and sectoral constraints, provides input in policy framework to create a conducive investment climate and provide aftercare services to current investors
MSME Lead Coordinator
The NIPDB is mandated to develop institutional mechanisms and assume the lead coordinating role across all levers for Micro, Small and Medium Enterprises (MSMEs) development nationally. We provide targeted support for the development, innovation and acceleration of MSMEs in four (4) focal areas – Access to Finance, Access to Markets, Capacity Building and Ideation.
Ultimately the NIPDB exists to unlock opportunities that enable a better quality of life for all Namibians. We do this by facilitating trust relationships to attract and retain sustainable investment for private sector-led and inclusive economic growth. As part of its statutory mandate, the Board also aims to improve Namibia’s competitiveness score, develop the required skills for sustainable investments that lead to job creation, and create an enabling ecosystem for MSME’s to thrive and scale.
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In partnership with the Rand Merchant Bank (RMB) Namibia, the NIPDB hosted an “Invest in Namibia Summit” on the margins of the 78th session of the United Nations General Assembly (UNGA) in New York, United States.
Building on the significant interest Namibia attracted on account of recent oil and gas discoveries and green hydrogen projects that have placed Namibia on the radar of investors, the summit was needed to amplify Namibia as a preferred investment destination and attract investment into other sectors of the economy, such as green hydrogen, agriculture, tourism and mining, in addition to further investment in oil and gas. RMB’s partnership was therefore invaluable to foster awareness of Namibian opportunities to the international community towards increased investment interest.
In collaboration with the World Economic Forum (WEF), NIPDB is developing the Namibia Sustainable Supplier Database (SD2). This database comprises an online, centralised repository of information about domestic companies that aims to support domestic and international investors to identify potential suppliers, service providers, or business partners in Namibia.
This initiative is expected to create a triple benefit as follows:
The Know2Grow (K2G) High Potential Pool is designed to assist in expanding the activities of export-ready micro and small businesses with significant potential for exporting their products. In 2023, Nedbank Namibia, First National Bank Namibia and Bank Windhoek made a generous pledge of N$300,000 to support the High Potential Pool.
More than 20 export-ready MSMEs from the K2G-High Potential Pool have participated. They were selected to take part in international events focusing on market access and export promotion, including the Annual Investment Meeting held in Abu Dhabi in May 2023, the 3rd China-Africa Economic and Trade Expo, and the Southern Africa International Trade Expo (SAITEX) as part of Africa’s Big 7 exhibition held in Johannesburg in May and June 2023, respectively.