Namibia, a country in southwest Africa, is distinguished by the Namib Desert along its Atlantic Ocean coast. The country is home to diverse wildlife, including a significant cheetah population. The capital, Windhoek, and coastal town Swakopmund contain German colonial-era buildings such as Windhoek’s Christuskirche, built in 1907. In the north, Etosha National Park’s salt pan draws game including rhinos and giraffes.

The economy is projected to grow by 2.6% in 2021 and 3.3% in 2022, on the back of a steady recovery in financial services, tourism, retail and wholesale trade, and the mining industries—combined with an improvement in the regional and global economic environment. But the economy still faces substantial risks and challenges in the short to medium term.

Reasons to invest in Namibia:

  • Favourable investment climate: Namibia is a politically stable democracy and one of the most competitive economies in the sub-Saharan Africa (SSA) region. The country also outperforms most of its regional peers in the ease of doing business rankings.
  • Positive growth outlook: Namibia’s positive medium-term outlook is driven by projections of robust growth in the agricultural and mining sectors. As a result, the economy is expected to recover from the sluggish performance of only 1.6% growth in 2016-17, with forecasts of around 3% over the 2018-19 period – outperforming the Southern African region’s forecast of 1.9% over the same period.
  • Strong bilateral ties: Given an increasingly protectionist global trade environment, it has become even more important for countries to recognise the mutual benefits of freer trade. Namibia boasts membership of key economic and trade communities, including the Southern African Customs Union (SACU) and the Southern African Development Community (SADC).

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