Namibia's potential private investment pipeline stands at N$161 billion- Uaandja

The value of Namibia's potential private investment pipeline currently stands at N$161 billion. 73% of this is said to be in renewable energy. 

The Chief Executive Officer of the Namibia Investment Promotion and Development Board (NIPDB), Nangula Uaandja, said this when she addressed a media conference in Windhoek.

Uaandja says the potential private investment pipeline represents the value of private projects facilitated by the board.

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.

MoHAISS dismisses favoritism allegations

The Ministry of Home Affairs, Immigration, Safety, and Security (MoHAISS) has dismissed information circulating on social media alleging favoritism in the issuance of Namibian citizenship and permits to foreign nationals who purchased residential property in the "Presidents Links Estate" at Walvis Bay.

In a statement, the Home Affairs Ministry says it welcomes investment into the country and issues qualified foreign investors with relevant permits in line with laws and procedures.

Female Entrepreneurship Boot-camp underway

The Business Financial Solutions and the Namibia Investment Promotion and Development Board, in partnership with Latvia's Ministry of Foreign Affairs and RIGA Business School, are hosting a Female Entrepreneurship Bootcamp for young girls in Windhoek.

Themed "She Rebuilds the World," the training aims to bring young women under one roof in an effort to help them grow and build sustainable businesses and contribute to the growth of micro, small and medium enterprises in the country.

Namibia impresses US business community with enabling environment, policies and stability

The US business community is impressed with Namibia's enabling investment environment, including its policies and stability.

However, direct trade levels between Namibia and the US are still not satisfactory as Namibia's exports range in less than US$500 million instead of billions.

In view of these low export volumes, the Namibia Investment Promotion and Development Board held an investment summit on the margins of the UN General Assembly in New York on Thursday.