Namibia has emerged as Africa’s second-fastest-growing market and fifth in the world in terms of foreign direct investment (FDI), with GDP growth forecasted at 2.7% in 2024, according to fDi Intelligence. The study, which assesses the macroeconomic and FDI trajectories of the world’s top 50 FDI destinations using data from the International Monetary Fund and...
The Bank of Namibia (BoN) says the oil and gas sector yielded N$33.4 billion in foreign direct investments (FDI) inflows between 2021 and 2023. The apex bank Governor Johannes !Gawaxab said the investments, which have the potential to double the country’s gross domestic product (GDP), resulted in massive oil discovery in 2022 and will make...
Namibia’s sustainable agricultural growth is being stifled by drought, currency woes, low prices, high-interest rates, and global competition, a new study finds. The study conducted by researchers Salomo Mbai and Utjevera Tjiramba, on unpacking factors impacting foreign direct investment (FDI) in Namibia’s Agricultural Sector, established that other factors including limited credit, investments, and climate change also weigh on the sector. ...
Namibia has been ranked as the 5th country with the strongest investment momentum for 2024 in the world, as revealed by a new study conducted by FDI Intelligence. The study examines economic and foreign investment trends in the top 50 destinations globally, utilizing data from the IMF and fDi Markets. It sheds light on countries...
Namibia recorded a surge in foreign direct investment (FDI) during the first two quarters of 2023, reaching a record N$19 billion, a development attributed to mainly oil and gas investments and the acquisition of Namibia Breweries by Heineken. The figure accounts for 16.83% of the country’s gross domestic product (GDP), surpassing any annual inflow on...
By Freeman Ya Ngulu. Reem El Sherif, who currently leads Strategy in Rand Merchant Bank Namibia, did research on Gender Spillovers in foreign direct investments and how this applies to Namibian institutions. The Stellenbosch Business School graduate found in her research that the female labour channel tends to have a greater presence than the total...
High Economic Intelligence (HEI) Investments recently organized an economic conversation under the theme: “Foreign Direct Investment (FDI) and the Domestic Investment Climate – The Discovery of Oil in Namibia” in partnership with Debmarine Namibia, Old Mutual, and De Beers Namibia Holdings. The conversation was graced by Khaya Sithole (CA-SA) from South Africa and Nicholas Kabaso...