The Namibian government is in discussions with the International Finance Corporation (IFC) to secure an investment exceeding N$885 million (US$50 million) to enhance the country’s telecommunications and digital infrastructure over the next five years.
The investment is part of the recently launched Country Partnership Framework (CPF), which aims to drive digital transformation and boost economic growth in Namibia.
The initiative according to World bank, is expected to improve service quality, expand access, and enhance affordability within the sector.
“The International Finance Corporation (IFC) has been discussing with the Government of Namibia on options to increase private sector participation in the telecoms and digital sector. This engagement could potentially mobilize more than N$885 million (US$50 million) to enhance telecom investments and technology,” the World Bank said.
Despite Namibia’s progress in expanding digital connectivity, the World bank noted that challenges remain, particularly in affordability and competition.
The CPF report highlights the dominance of single operators in the telecommunications market, which has limited competition and slowed innovation.
The World Bank emphasized that improving market competition and regulatory frameworks would be crucial to fostering digital transformation and bridging service gaps, particularly for underserved communities and businesses.
Under the Harambee Prosperity Plan, Namibia has prioritized the digitalization of government services.
“In alignment with this strategy, the World Bank will provide advisory support to improve policies and regulations in the telecom and digital sectors, aiming to create a more competitive market and increase private sector participation.Despite plans for a new National Digital Strategy, progress has been slow, with Namibia ranked 121st on the UN E-Government Index, trailing regional peers. Advancing digital services remains critical for achieving CPF outcomes and enhancing service delivery nationwide,” the CPF report noted.
The framework outlines specific areas of focus, including the development of a digital tax ecosystem for the Namibian Revenue Authority (NamRA), the implementation of a cross-government digital identity platform, and improvements in e-procurement systems.
Additionally, a digital health blueprint will be developed to enhance healthcare outcomes.
The CPF will guide the World Bank’s strategic engagement with Namibia from FY2025 to FY2029, focusing on economic development, job creation, and reducing inequality through improved digital access and essential services.