The Ministry of International Relations and Trade has committed to finalising the Namibia Investment Promotion and Facilitation Bill before the end of 2026, as government moves to strengthen policy certainty for investors.
Minister of International Relations and Trade Selma Ashipala-Musavyi said the legislation is central to sustaining investor confidence while aligning investment flows with national development priorities.
“We remain committed to finalising the Namibia Investment Promotion and Facilitation Bill before the end of this calendar year, to ensure that when it comes to investing and doing business in Namibia, there is policy certainty and clear institutional arrangements,” she said.
Ashipala-Musavyi added that the Bill is intended to strike a balance between attracting investment and safeguarding the country’s developmental objectives.
“One of the key policy documents that keeps me up at night, and which has a bearing on investments, is the Namibia Investment Promotion and Facilitation Bill. The team is busy incorporating those comments so that we can deliver a policy document that supports the strategic objectives of government without discouraging investment,” she said.
According to the 2021 draft of the Investment Promotion and Facilitation Bill, the legislation seeks to drive sustainable economic development by attracting both foreign and domestic investment.
Its primary objectives include promoting economic growth, reducing unemployment and diversifying the economy through targeted investment mobilisation.
“The legislation introduces mechanisms for reserving certain sectors for Namibian investors, efficient dispute resolution, and inter-ministerial coordination on incentives,” the ministry said.
More broadly, the Bill aims to support the development of a more industrialised economy through job creation, technology transfer and value addition.
It also seeks to address poverty and inequality by accelerating growth in priority sectors and positioning Namibia as an attractive investment destination through transparent regulatory frameworks and investor support services.
