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Namibia Economy

Namibia Breweries

Namibia Infrastructure

Mining in Namibia

The Namibia Economy is one of the strongest in Africa. Currency: Namibia dollar (N$) is linked 1:1 with the South African rand (ZAR).

Namibia is the foremost producer of gem quality diamonds and the fifth largest diamond supplier in the world.

Of particular interest to tourists who visit Namibia are the line fish species taken by recreational fishermen. Recreational rock and surf angling is very popular, particularly around the Christmas season. At this time, large numbers of anglers, both national and from overseas, visit the coast for recreational fishing. Some ski-boats take recreational fishermen out on a charter basis.

The pillars of the Namibia economy are mining, fishing, tourism and agriculture, with tourism being the fastest growing.

Investment opportunities in Namibia

I tell you what, not only does Namibia enjoy one of the continent's most peaceful and political stable environments, but also has an infrastructure to rival those of many developed countries.

Namibia economy offers excellent opportunities for investment across several sectors. Most of the country's primary resources are exported, while almost all consumer goods are imported. Therefore there are many opportunities for investment in manufacturing for both local and international markets.

Namibia has a wealth of advantages for companies looking for business opportunities. These benefits are complemented by an advantageous legislative and fiscal environment and a government keen to foster the engines of economic growth and prosperity.

Investment Incentives in Namibia

Namibia has a highly competitive incentive and fiscal regime, which adds to its attractions for foreign investors. Cornerstones of this regime are the Foreign Investment Act and its provision for a Certificate for Status Investment, the Special Incentives for Manufacturers and Exporters and the Export Processing Zone Incentives.

The Namibia 2006/2007 financial year

Namibia has a GDP growth rate of 4% per year.
Average annual inflation rate: 6.1%
Government revenue and grants as % of GDP: 36.8%
Budget surplus as % of GDP: 2.1%
GDP per capita: N$ 22, 323
Namibia Population

The foreign Investment Act of Namibia provides for:

Liberal Foreign Investment conditions.
Equal treatment of foreign and local investors.
The granting of a Certificate of Status of Investment.
Full protection of investments.
Openness of all sectors of the economy to foreign investment.

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