MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA

COUNTRY PRESENTATION ON TRADE AND INDUSTRY WITH COUNTRY FOCUS

OVERVIEW BASIC FACT ABOUT NAMIBIA

ECONOMIC OVERVIEW Macroeconomic indicators

Exports & Imports

INVESTMENT OPPORTUNITIES Sectors of national priority

Potential sectors

WHY INVEST IN NAMBIA?

Reasons for investing

The Namibia Investment Centre (NIC) and its services

THE NICHE EXPERIENCE

BASIC FACTS ABOUT NAMIBIA

MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA

Country Profile Area: 824,269 square kilometres (318,696 sq miles)

slightly bigger than the size of Texas, 268,820 square miles (696,200 km2)

Population: 2.2 million (est 2014)

2nd least densely populated country in the World after Mongolia

14 regions

Official language: English

21 March 1990

Multiparty democracy

Mixed legal system based on Roman-Dutch law

Democratic government: every 5 year elections (last November 2014)

President: Dr. Hage Geingob

ECONOMIC OVERVIEW

MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA

ECONOMIC OVERVIEW:

• Macroeconomic

indicators • Exports and Imports

GDP at current prices – N$145 billion (2014), approximately US$11 billion

Expected Growth rate – 5% in 2016

Inflation – 3.3% (2015)

GDP Per Capita - N$58,300 (2014)

Repo Rate - 6.50 (2015)

Unemployment rate – 28.1% (2014, NSA Labor Force survey report)

Ease of Doing Business – 88th (9th place in Africa) – 2014/2015

Global Competitiveness Index – 85th (6th in Africa) – 2015/16

Sector Contribution to GDP

• Macroeconomic

indicators

• Exports and

Imports

ECONOMIC OVERVIEW:

EXPORTS AND IMPORTS

Economic Overview:

• Economic

Stability • Exports and

Imports

Main Exports:

Ores and minerals, fish and fish products, live animals, meat and animal

products and beverages.

Main Export Destinations:

United Kingdom, South Africa, Angola, United States, Belgium, Canada,

Spain, Italy, Germany, France, Switzerland, China, DRC, Botswana and

the Netherlands.

Main Sources of Imports:

South Africa, EU (Germany, France, Italy, United Kingdom), United

States, Japan and China

INVESTMENT OPPORTUNITIES

MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA

SECTORS OF NATIONAL PRIORITY

• Sectors of National Priority

• Potential sectors

INVESTMENT OPPORTUNITIES

Manufacturing Logistics

Agriculture Tourism

Manufacturing

Agriculture

Tourism

Logistics

Skills training

Health

Construction

Mining & energy

Fisheries

• Sectors of

National Priority

• Potential sectors

Investment Opportunities

Manufacturing

Growth at Home Strategy to accelerate the creation of industries to reach NDP4 National goals

Promote Value addition to all natural resources (diamond, uranium, copper etc)

To stimulate manufacturing activities, Government has initiated a number of tax incentives, introduced an Export Processing Zone, grant Infant Industry Protection, Competition Commission etc.

Food and agro processing

Automotive parts and components

Fertiliser and petrochemicals

Wood processing and furniture making

Pharmaceuticals

Steel and glassware manufacturing

Assembly of electronic and electrical components

Textiles and Garments

• Sectors of

National Priority

• Potential sectors

Investment Opportunities

Transport & Logistics

The port of Walvis Bay is Namibia’s largest and one of Africa’s most efficient ports (Port Excellence Award 2013)

Tourism

Visitors 1.37 million (2013)

Beautiful sceneries and wide open spaces

Agriculture

Green Scheme, horticulture

Agro processing

Fertilizers

Irrigation systems

• Sectors of

National Priority

• Potential sectors

Investment Opportunities

Mining and Energy

Namibia has abundant mineral deposits – diamonds, uranium, gold, copper, lead, zinc and other base metals, a wide variety of semi-precious stones and dimension stones

Value-addition is encouraged - refining of base metals and other minerals, like manganese, processing of marble and granite, and cutting and polishing of precious and semi-precious stones

Jewellery industry Oil and gas exploration Hydro-power generation, offshore gas-to-electricity, wind and

solar power generation

Fisheries Namibia’s marine resources are among the richest in the world opportunities exist in fish processing (exploitation, research) into

finished fish products. Freshwater aquaculture potential exists for tilapia, catfish, tiger-

fish, prawns, oysters and abalone.

• Sectors of

National Priority

• Potential sectors

Investment Opportunities

C. WHY INVEST IN NAMIBIA

MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT - NAMIBIA

Political stability and good governance Abundant natural resources 6th on Mo Ibrahim Index on Governance in Africa English as the language of administration Business friendly legal and regulatory framework and liberal

investment regime World class road, rail and air infrastructure External trade relations/Wide inter-continental market

access Strategically located, low cost and efficient port

WHY INVEST IN NAMIBIA

• Reasons for

investing

• Namibia

Investment

Centre and

its services

WHY INVEST IN NAMIBIA

Sound financial system and stable foreign exchange reserves

Low inflation

Young and trainable labour force

Good housing, medical and other social services facilities

2nd Top Tourism Destination in Africa (World Economic Travel)

2nd Best Transport Infrastructure in Africa (World Economic Forum)

Special tax incentives and non tax incentives

• Reasons for

investing

• Namibia

Investment

Centre and its

services

WHY INVEST IN NAMIBIA

• Reasons for

investing

• Namibia

Investment

Centre and

its services

Your first port of call for investors Vision: market Namibia as the preferred investment destination in the region by attracting

and retaining both foreign and local investment. Provide information on priority sectors Facilitate site selection to industrial land process Facilitate and promote joint venture partnerships Offer investor services (i.e. facilitation of entry visas and work permits) Promote investment opportunities to both local and foreign investors Conduct research on investment climate, sector studies, identify, profile and market

investment projects and avail this information to interested investors Administer Investment Incentives

NICHE EXPERIENCES

MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT - NAMIBIA

• THANK YOU