Namibia Investment Promotion and Development Board
ABOUT NAMIBIA
Namibia is a land of friendly people with a vibrant
cultural heritage and a plethora of exciting investment prospects
Thanks to the world-class port in Walvis Bay, the country has established itself as a logistics hub for road, rail, and sea transportation, connecting neighbouring countries and the Southern African Development Community to the global marketplace.
Sound
Financial
Systems
Strong
Macroeconomic
Framework
Conducive
Business
Environment
Globally
Competitive
Infrastructure
Good Governance, Peace and Stability
Young, Educated and Trainable Workforce
Access
to
Markets
SOUND FINANCIAL SYSTEM
Namibia’s financial system is both robust and profitable, with a wide range of financial markets, instruments, institutions, and infrastructure. The country’s financial markets have been ranked sixth most developed out of 26 African countries evaluated in a 2022 study conducted by the Absa Group in association with the London-based Official Monetary and Financial Institutions Forum (OMFIF). The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority (NAMFISA) are responsible for ensuring financial stability in the country.
STRONG MACROECONOMIC FRAMEWORK
Namibia is an upper-middle income country with ambitions to become a high-income industrialised nation by the year 2030.
COMMITMENT TO FOSTERING A CONDUCIVE BUSINESS ENVIRONMENT
With the establishment of an Investment Promotion Agency, NIPDB, Namibia is committed to creating a conducive business environment in which investors can register and thrive. The Investment Board exists to develop new investment strategies, create a seamless investor experience and explore synergies with the public and private sector and in order to create a conducive investment environment in the country.
GLOBALLY COMPETITIVE INFRASTRUCTURE
Namibia boasts a highly competitive and well-maintained network of transportation and communication infrastructure, including roads, airports, seaports, railways, electricity, postal services, and telecommunications. Accessing these services within Namibia is simple, straightforward, and hassle-free.
GOOD GOVERNANCE, PEACE AND STABILITY
The Namibian Constitution is the supreme law of the country, and ushered in the principle of constitutional supremacy and a system of governance based on the principles of constitutionalism, the rule of law, and respect for the human rights of the individual. The application of the Constitution is successful in preserving equality, peace and stability. Namibia has seen three decades of independence, smooth transition of power between three presidents as well as peace, stability and progress.
YOUNG, EDUCATED AND TRAINABLE WORKFORCE
Namibia has a relatively well educated and youthful workforce. In proportion to its population, the country has an abundance of public and private universities, as well as vocational training institutions distributed across the nation. The country’s education system is flexible and responsive to the needs of emerging industries, producing a competent and well-trained workforce.
ACCESS TO MARKETS
Namibia is uniquely positioned to serve as a gateway for the region. With an integrated system of well-maintained transportation networks, Namibia’s ports serve as an entry point for landlocked African countries seeking access to the global market.
Namibia currently has the following regional integration and bilateral trade agreements, amongst others:
- Africa Continental Free Trade Area (AfCFTA)
- Southern African Development Community (SADC)
- Southern African Customs Union (SACU) – South Africa, Eswatini, Namibia, Lesotho & Botswana
- Economic Partnership Agreement European Union
- Free Trade Agreement between the European Free Trade Association (EFTA) States and the SACU States (Iceland. Liechtenstein, Norway & Switzerland)
- Preferential Trade Agreement between the Common Market of the South (MERCOSUR) and SACU
- SADC & EU Economic Partnership Agreement (EPA)
SOUND FINANCIAL SYSTEM
The Namibian financial system is sound and profitable. The financial system in Namibia consists of financial markets, instruments, institutions and infrastructure. Responsibility for financial stability falls under the ambit of the Bank of Namibia and the Namibia Financial Institutions Supervisory Authority (NAMFISA), respectively.
STRONG MACROECONOMIC FRAMEWORK
Namibia is an upper-middle income country with ambitions to
become a high-income industrialised country by the year 2030.
COMMITMENT TO FOSTERING A CONDUCIVE BUSINESS ENVIRONMENT
With the establishment of an Investment Promotion Agency, NIPDB, Namibia is committed to creating a conducive business environment in which investors can register and thrive. The Investment Board exists to develop new investment strategies, create a seamless investor experience and explore synergies with the public and private sector and in order to create a conducive investment environment in the country.
GOOD GOVERNANCE, PEACE AND STABILITY
The Namibian Constitution is the supreme law of the country, and ushered in the principle of constitutional supremacy and a system of governance based on the principles of constitutionalism, the rule of law, and respect for the human rights of the individual. The application of the Constitution is successful in preserving equality, peace and stability. Namibia has seen three decades of independence, smooth transition of power between three presidents as well as peace, stability and progress.
GLOBALLY COMPETITIVE INFRASTRUCTURE
Namibia has a well maintained, integrated and globally competitive network of road, air, port, railway, power, postal and telecommunication infrastructure. Entry into, travel within and telecommunication in Namibia is easy, accessible and hassle-free.
YOUNG, EDUCATED AND TRAINABLE WORKFORCE
Namibia has a relatively young and well educated workforce. Considering its population size, the country is also well serviced by public and private universities, as well as numerous vocational training institutions, scattered throughout the country. The country’s education system is also geared towards adapting to the needs of emerging industries, to deliver a competent, trained workforce.
ACCESS TO MARKETS
Due to its favourable geographical location, Namibia has an integrated system of well maintained transport networks which allow Namibia’s Ports to serve as a point of entry for landlocked African countries to access the global market. Namibia currently has the following regional integration and bilateral trade agreements, amongst others:
- Africa Continental Free Trade Area (AfCFTA)
- Southern African Development Community (SADC)
- Southern African Customs Union (SACU) – South Africa, Eswatini, Namibia, Lesotho & Botswana
- Economic Partnership Agreement European Union
- Free Trade Agreement between the European Free Trade Association (EFTA) States and the SACU States (Iceland. Liechtenstein, Norway & Switzerland)
- Preferential Trade Agreement between the Common Market of the South (MERCOSUR) and SACU
- SADC & EU Economic Partnership Agreement (EPA)
- Update list
Get in touch with us
- Investment House
- Cnr. of Garten & Dr. A B May Streets
- Private Bag 12039
- Windhoek, Namibia
- info@nipdb.com
- +264 (0) 83 333 8600
Work Hours
- Monday - Friday
- 08:00 am - 05:00 pm