Transport & Logistics
Transport & Logistics The transport and logistics sector is projected to slow down in 2024 and 2025 but to remain robust. The Bank of Namibia (BoN) projected in its March 2024 Economic Outlook Update that the sector is expected to grow by 6.4% in 2024 and 5.9% in 2025, following growth of 8.5% in 2023. […]
Tourism
Tourism Namibia’s tourism industry contributed 6.9% to the country’s gross domestic product (GDP) in 2022, while direct employment accounted for close to 8% of the country’s workforce. The industry continues to show positive signs of growth towards returning to pre-Covid levels. ON THE ROAD TO RECOVERY According to the Ministry of Environment, Forestry and Tourism’s […]
Mining & Energy
Mining & Energy The mining industry is one of the main pillars of the country’s economy and accounted for 14.4% of the country’s gross domestic product (GDP) in 2023. It is also one of the largest employers in the country and a major contributor to Namibia’s export earnings. The sector grew by 18.9% in 2023. […]
Manufacturing
Manufacturing The manufacturing sector is projected to grow by 3.8% in 2024 and 3.4% in 2025. Growth in this sector is to be driven by expected improvements in beverages, leather and related product subsectors. Namibia’s manufacturing sector is constrained by a small domestic market and is also vulnerable to negative impacts from the primary industries. […]
ICT
ICT The government, as well as the private sector, continue to invest in the expansion and modernisation of Namibia’s telecommunication sector to develop information and communication technology (ICT) throughout the country. About 85% of the population has access to broadband coverage. NPTH DISMANTLING Namibia Post and Telecommunications Holdings Limited (NPTH), the 100% shareholder of Namibia […]
Health Care
Health Care Namibia has a dual healthcare system. Public healthcare provided by the Ministry of Health and Social Services is used by around 85% of the country’s population and the ministry received about 22% of the social sector budget for the 2024/25 financial year. Private health facilities are used by only about 15% of the […]
Blue Economy
Blue Economy The Bank of Namibia (BoN) projects growth in the fishing and fish processing industry to decline from 10.8% in 2023 to 2% in 2024, which it has attributed to the prospects of lower fishing quotas. The industry is expected to record growth of 3.3% in 2025 and 3.9% in 2026. Hake and horse […]
Finance
Finance The Bank of Namibia (BoN) projects that the domestic economy will decelerate to 3.7% in 2024 and has attributed the slowdown to weaker global demand and slower growth in the primary industries. The bank, however, projects that gross domestic product (GDP) growth will improve to 4.1% percent in 2025 on account of increased activities […]
Education
Education The education and higher education ministries received close to 53% of the budget allocation for the social sector in the 2024/25 financial year. The allocation for these two ministries accounts for nearly 24% of the total budget. The total budgetary allocation to the two ministries accounts for about 9.5% of the GDP. A total […]
Business & Public Services
Business & Public Services Namibia offers a stable destination for investment and doing business. The country has a multi-party democracy, strong democratic institutions and adherence to the rule of law. Free, fair and transparent elections are held every five years. Namibia also has an excellent transportation infrastructure, sound financial sector and an abundance of natural […]