STRATEGIC PLANS

The Namibia Investment Promotion and Development Board (NIPDB) is transitioning from its initial 24-month operational strategy to a five-year strategy starting April 1, 2023, and ending March 31, 2028. Building on the lessons learned during its first two years, NIPDB's new strategy focuses on effectiveness and efficiency, aiming to deliver immediate results while preparing for long-term growth. Namibia’s profile as an investment destination has improved, but more work is needed to elevate it to top global rankings.

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While investor confidence has increased and Namibia's investment climate has improved, challenges remain. The resource-dependent economy is vulnerable to external shocks, and despite positive economic indicators, the country continues to struggle with high unemployment, inequality, and poverty, especially outside the economic hubs.

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NIPDB aims to harness opportunities to improve living standards for all Namibians, aligning with Vision 2030. The strategy is ambitious but achievable, emphasizing coordination and partnerships to drive inclusive economic growth and contribute to the nation's long-term development goals.