Namibia attracts significant amount of foreign investment


President Hage Geingob says Namibia has attracted foreign direct investment worth N$13.2 billion, or 7.2% of its gross domestic product, during the first nine months of 2022.
Dr. Geingob revealed this when he delivered the State of the Nation Address today (Thursday).

He says FDI attractions have been the highest year-on-year growth Namibia has witnessed since 2015, primarily driven by equity injections for exploration activities following the offshore oil discoveries.