Namibia

Bordering South Africa, Botswana, Zambia and Angola, this nation of about 2.7 million people boasts a strategic location along the South Atlantic, rich mineral resources, and stable governance since gaining independence from South Africa in 1990. Its favorable investment climate is supported by a robust infrastructure network, well-developed financial markets, and the peg of the Namibian dollar to the South African rand. Foreign investors and local firms enjoy equal treatment, with historically significant investment in the mining, fishing, and tourism sectors by international companies. Renewable energies, banking, logistics, and manufacturing also attract investment.

Despite these strengths, Namibia faces significant challenges. Lack of sustained support from governmental policies and deficient judicial frameworks limit growth prospects. High unemployment rates, persistent socioeconomic inequalities, and the nation’s reliance on South Africa and the mining sector pose additional economic vulnerabilities. The agricultural sector is highly susceptible to climatic hazards.