• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Wednesday, July 2, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
10 °c
Boydton
15 ° Tue
19 ° Wed
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Business & Economy

Namibia has N$170 billion worth of investment projects in the pipeline 

by editor
September 16, 2024
in Business & Economy
17
A A
559
SHARES
9.3k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Namibia Investment Promotion and Development Board (NIPDB) says the country is spearheading investment projects valued at over N$170 billion.

You might also like

Namibia seeks stronger U.S. partnerships at Africa Business Summit

April inflation rises to 3.6%, driven by food and housing costs

NamRA uncovers N$666,000 tax refund fraud scheme

NIPDB Chairperson and Chief Executive Officer Nangula Nelulu Uaandja highlighted the importance of efficient public sector processes and collaboration to accelerate the realisation of the investments and create jobs for Namibians. 

“In total, the projects in our pipeline represent over N$170 billion in potential investment. The sooner we work together as a country and streamline processes in the public sector, the quicker we can realise these projects and create jobs for Namibians. This investment is crucial for driving economic growth and improving the livelihoods of Namibians,” said Uaandja. 

She pointed to a significant rise in foreign direct investment (FDI) under NIPDB’s leadership since its inception in 2021, despite the challenges posed by the COVID-19 pandemic. 

In 2023 alone, she said Namibia attracted approximately N$43 billion in FDI, with major contributions from the oil and gas sectors, along with Heineken’s acquisition of Namibia Breweries. 

“In 2023, Namibia attracted roughly N$43 billion in foreign direct investment, largely driven by sectors like oil and gas, as well as major transactions like Heineken’s acquisition of Namibia Breweries. This clearly demonstrates the positive shift we’ve seen in attracting investment into Namibia under the Namibia Investment Promotion and Development Board’s guidance,” Uaandja said. 

Uaandja detailed the role NIPDB plays in facilitating and supporting investments, working closely with various government ministries to ensure centralised support for investors. 

She emphasised that while the Board does not take direct credit for bringing companies such as Shell, Total Energies, or Osino Gold to Namibia, it has played a vital role in speeding up the processes for investment projects. 

“NIPDB’s role is not to claim credit for bringing specific investors to Namibia but to facilitate and fast-track investment processes. We collaborate closely with ministries such as agriculture, mines and energy, and trade to provide a centralised support system, allowing investors to focus on business growth rather than navigating complex government systems,” explained Uaandja. 

This comes as between 2021 and 2023, Namibia saw an influx of around N$73 billion in foreign investment, with N$33 billion coming from the oil and gas sectors.

“In just three years, Namibia has attracted a total of approximately N$73 billion in foreign direct investment, N$33 billion of which came from the oil and gas industries. The remaining N$40 billion stems from various sectors, including mining, agriculture, and industrialisation, reflecting the changes we are seeing in Namibia’s investment climate,” said Uaandja.

Uaandja highlighted the significant progress in improving service delivery for the private sector, which has helped attract these investments, though she acknowledged there is still room for improvement. 

The collaboration between NIPDB, the government, and other stakeholders continues to send a positive message globally that Namibia is an attractive destination for investment, she said. 

“We have made great strides in improving service delivery to the private sector, which has contributed to this influx of investment. Although we still have a long way to go, the message is clear: Namibia is a good place to do business, and this is being echoed not only by NIPDB but by the President and key government officials globally,” Uaandja added.

The CEO noted that several major projects in the pipeline, such as Osino Gold, are expected to bring in N$4 billion in investment, with more to follow. 

Projects like Namib Berries are already operational, employing over 300 Namibians, with further growth anticipated from other ventures, including Kelp Blue and HyIron.

“Meanwhile, ventures like Nami Berries are already contributing, with over 300 Namibians employed. We’re seeing more projects come on stream, such as Kelp Blue and HyIron, which will continue to drive economic growth in the coming years,” she said.

author avatar
editor
See Full Bio
Tags: africa newseconomyFDIgovernmentnamibianamibia newsNangula Nelulu UaandjaNIPDBpolicies
Share224Tweet140Share39
Previous Post

FirstRand Namibia profit after tax surges 9.1% to N$1.7bn

Next Post

GIPF Investments: Why we do what we do

Recommended For You

Namibia seeks stronger U.S. partnerships at Africa Business Summit

by reporter
June 23, 2025
0
Namibia seeks stronger U.S. partnerships at Africa Business Summit

Namibia will participate in the 2025 U.S.-Africa Business Summit, with the country’s attendance aimed at deepening economic ties with the United States and promoting investment and trade opportunities....

Read moreDetails

April inflation rises to 3.6%, driven by food and housing costs

by reporter
May 13, 2025
0
April inflation rises to 3.6%, driven by food and housing costs

Namibia’s annual inflation rate rose to 3.6% in April 2025, primarily fuelled by increases in food and housing-related costs, the Namibia Statistics Agency (NSA) has reported. According to...

Read moreDetails

NamRA uncovers N$666,000 tax refund fraud scheme

by editor
May 5, 2025
0
NamRA uncovers N$666,000 tax refund fraud scheme

The Namibia Revenue Agency (NamRA) has uncovered a fraudulent scheme that resulted in the illegal payout of tax refunds totaling more than N$666,000 between January and April 2025,...

Read moreDetails

141,000 non-compliant businesses face deregistration by BIPA

by editor
May 2, 2025
0
141,000 non-compliant businesses face deregistration by BIPA

More than 141,000 businesses in Namibia are at risk of being deregistered after the Business and Intellectual Property Authority (BIPA) began a phased process to remove entities that...

Read moreDetails

Namibia to create 3,600 jobs through global accelerator project

by editor
April 30, 2025
0
Namibia to create 3,600 jobs through global accelerator project

Namibia is set to roll out the Global Accelerator project during the current financial year, aiming to generate over 3,600 jobs through the biomass sector and other sustainable...

Read moreDetails
Next Post
GIPF Investments: Why we do what we do

GIPF Investments: Why we do what we do

Related News

Namibia dehorns 2,500 rhinos at N$60m cost

Namibia dehorns 2,500 rhinos at N$60m cost

May 24, 2023
Cash transfers: A viable solution to reduced wealth inequality

Cash transfers: A viable solution to reduced wealth inequality

March 24, 2023
Ramaphosa hits R1 trillion investment mark

Ramaphosa hits R1 trillion investment mark

March 25, 2022

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.