Unlocking Investment Opportunities for Inclusive Growth
We are pleased to present the Annual Report of the Namibia Investment Promotion and development Board(NIPDB),in respect of the financial year that ended on 31 March 2024. In this document, we review the NIPDB’s operational activities over the past year, including the milestones and challenges, while reflecting on how our collective efforts have driven the progress made so far, and their potential to shape our nation’s economic future. Now entering its fourth year of operations, the NIPDB was established with a vital and unambiguous purpose: to support government efforts to amongst others drive the country’s diversification strategy and inclusive private sector led economic growth. This is to be achieved through leveraging investments by local and foreign nationals, as well as coordinating MSME activities across all the levers of the economy.
This mandate calls for the NIPDB to be the central catalyst for the country’s sustainable development, by coordinating the strategic collaboration between the public and private sector .In the final analysis, these efforts must produce tangible outcomes that will aid in tackling the country’s multifaceted challenges including the triple threat of high levels of unemployment, poverty and income inequality. On the other hand, it is acknowledged that the government’s role in fostering a favourable investment landscape cannot be overstated.
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