Namibia Appoints New CEO for Economic Development Board
May 2, 2025
Trade Facts & Figures
2.7M
Population
Namibia’s population is young and growing (2023 est.)
$14.3B
GDP
Nominal GDP estimate (World Bank, 2023)
825,615 km²
Land Area
One of the most sparsely populated nations with rich mineral and energy resources
Why Trade in Namibia
Strategic Geographic Location
Namibia’s ports, including Walvis Bay, offer efficient entry to Southern Africa, serving landlocked neighbors via road and rail corridors.
Diverse Economy
Key sectors include mining (diamonds, uranium), fisheries, agriculture, renewable energy, and tourism.
Favourable Trade Agreements
Namibia benefits from SACU and AfCFTA, providing free trade access to African markets and customs harmonization.
Developed Infrastructure
Namibia has modern roads, ports, and rails linking it efficiently with Angola, Zambia, Botswana, and South Africa.
Rich Natural Resources
Namibia holds significant reserves of diamonds, uranium, gold, copper, and fish, with growing interest in green hydrogen and oil exploration.
Growing Consumer Market
A rising urban population and expanding middle class present growing opportunities for goods, services, and tech solutions.
Namibia Trade News
Namibia Accelerates Green Hydrogen Project with Global Partners
June 1, 2025
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Walvis Bay Port Expansion Set to Boost Regional Trade
May 27, 2025
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New Mining Licenses Issued as Namibia Attracts Exploration Firms
May 19, 2025
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Tourism Sector Recovery Drives Demand for Lodging & Ecotourism
May 10, 2025
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Unlock the Potential of Namibia
Namibia offers a dynamic and growing market with significant potential for businesses in international trade, energy, mining, agriculture, and logistics. By leveraging regional agreements and strategic location, companies can expand their footprint, increase competitiveness, and contribute to the region's sustainable economic development.
Investment Facts & Figures
$13.5B
GDP (2023)
Namibia’s growing economy driven by mining, logistics, and green energy initiatives.
2.6M
Population
A relatively small but youthful and urbanizing population base (2024 est.).
8.7%
FDI Inflow Growth
Namibia recorded rising foreign direct investment in energy, mining and infrastructure (2023–2024).
Why Invest in Namibia
Political and Legal Stability
Namibia is recognized for its stable democracy, strong governance institutions, and a predictable legal framework.
Developing Capital Markets
The Namibian Stock Exchange (NSX) is one of Africa’s most active and continues to grow in volume and investor confidence.
Renewable Energy Opportunities
With vast solar and wind resources, Namibia is emerging as a key player in renewable energy and green hydrogen projects.
Tourism Potential
Namibia’s natural beauty—from dunes to wildlife—makes it a sought-after destination with growing ecotourism potential.
Manufacturing Potential
Namibia offers competitive advantages for manufacturing, particularly in food processing, textiles, and packaging.
Real Estate & Infrastructure
Urban expansion and economic growth are fueling investment in housing, transport corridors, and logistics infrastructure.
Key Investment Sectors in Namibia
Mining and Minerals
Namibia is rich in minerals such as diamonds, uranium, gold, zinc, and rare earth elements. The sector remains a key contributor to GDP and export earnings, with strong potential for investment and exploration.
Fishing
Namibia has one of the most productive fishing grounds in the world. Investment opportunities include processing, aquaculture, and cold chain logistics for domestic and export markets.
Agriculture & Agro-processing
With vast tracts of arable land and favorable climate in northern regions, Namibia offers opportunities in meat processing, horticulture, and sustainable farming technologies.
Tourism
Namibia is a premier tourist destination, known for its desert landscapes, wildlife, and cultural heritage. Ecotourism and luxury lodges are growing areas of investment.
Renewable Energy
Namibia's high solar radiation and strong winds create ideal conditions for solar and wind farms, as well as pioneering green hydrogen production projects for export markets.
SADC-Aligned Investment Incentives in Namibia
Namibia provides a range of investment incentives that promote industrialization, export development, and economic diversification aligned with Vision 2030.
Tax Incentives
- Preferential tax treatment in Export Processing Zones (EPZs)
- Capital allowances on new plant and equipment
- Zero-rated VAT on exports
- Accelerated depreciation and training deductions
Financial Support
- Development Bank of Namibia (DBN) funding
- SME financing schemes
- Export credit guarantees
- Support for public-private partnerships (PPPs)
Business Support
- Namibia Investment Promotion and Development Board (NIPDB) one-stop-shop
- Access to SEZs and industrial parks
- Investor aftercare and dispute resolution
- Skills training and workforce readiness programs
Success Stories
Namibia’s strategic sectors offer growth potential for regional and international investors aligned with SADC and Vision 2030 priorities.
Logistics & Transport
Namibia serves as a logistics hub with access to landlocked neighbors through the Walvis Bay Corridors, supported by efficient ports, roads, and rail networks.
Renewable Energy
Namibia's abundant solar and wind resources position it for leadership in clean energy and green hydrogen, attracting major infrastructure and private-sector investments.
Business & Financial Services
Namibia's growing financial and ICT sectors are supported by a stable regulatory environment and expanding access to digital infrastructure and capital markets.
Investment News
Namibia Leads Summit on Innovation, Energy & Digital Transformation
April 29, 2025
Namibia Hosts EAC–SADC Investment Forum on Regional Trade
April 25, 2025
New Report Highlights Namibia’s Role in SADC Economic Growth
April 23, 2025
Technology Facts & Figures
64%
Internet Penetration
Percentage of population using the internet (2025 est.)
113/100
Mobile Subscriptions
Mobile subscriptions per 100 people (2024)
15%
Fixed Broadband
Estimated household broadband coverage (2023)
17%
ICT Sector Growth
Growth in ICT sector revenue (2018–2023)
1
Key Tech Hub
Windhoek serves as Namibia’s primary innovation hub
Technology Sectors in Namibia
FinTech
Namibia is seeing a rise in digital payment platforms, mobile wallets, and fintech innovations expanding financial inclusion.
Renewable Energy Tech
Namibia is a leader in clean energy development, with major initiatives in solar and wind power technology and green hydrogen.
Eco-Tourism Tech
Digital platforms, booking systems, and virtual eco-tours are supporting Namibia’s growing sustainable tourism industry.
Namibia's Emerging Technology Hubs
Namibia’s tech ecosystem is expanding, with growing digital innovation hubs and incubators emerging in major towns. These centers are enabling youth entrepreneurship and cross-sector tech integration.
Windhoek
The capital is Namibia’s primary tech hub, home to start-ups, coworking spaces, and innovation programs like the Namibia Business Innovation Institute (NBII).
>> Start-up incubators
>> Government-led eGov programs
>> FinTech accelerators
Walvis Bay
This key logistics and trade port is attracting digital infrastructure projects related to supply chain automation and smart port logistics.
>> Logistics tech
>> Maritime data solutions
>> Smart city infrastructure
Oshakati
As a growing northern hub, Oshakati is seeing tech uptake in agriculture, education, and youth empowerment programs through digital training labs.
>> AgriTech pilot programs
>> Coding bootcamps
>> Youth tech innovation labs
Namibia's Leading Tech Hubs
A growing network of innovation spaces across Namibia, supporting startups, digital skills, and entrepreneurship.
NUST Innovation Hub (Windhoek)
22Startups+25
Funding$2M
Talent PoolTech & Design
StartUp Namibia Basecamp
30Startups+35
Funding$4M
Talent PoolYouth & GreenTech
Namibia Business Innovation Institute (NBII)
27Startups+30
Funding$3.5M
Talent PoolICT & Agritech
UNAM Innovation Hub
18Startups+20
Funding$1.2M
Talent PoolEngineering & Entrepreneurship
Keetmanshoop Youth Innovation Lab
10Startups+12
Funding$750K
Talent PoolRural Innovation
Namibia Technology News
Namibia to Launch AI and Innovation Hub in Windhoek
May 5, 2025
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MTC Namibia Announces 5G Rollout in Major Towns
April 30, 2025
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Namibia’s Digital Economy Strategy Focuses on SMEs and Youth
April 26, 2025
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Namibian Fintech Startups Boost Financial Inclusion
April 20, 2025
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The Tech Potential Of Namibia
Malawi holds significant untapped tech potential driven by a growing youthful population, increasing mobile and internet penetration, and a rising interest in digital entrepreneurship. With expanding access to affordable smartphones and mobile networks, the country is poised to benefit from innovations in fintech, agritech, and e-learning. Government and private sector efforts to improve ICT infrastructure and digital skills training are creating a foundation for a thriving tech ecosystem that can boost economic development, enhance service delivery, and create job opportunities across various sectors.