MINISTRY OF INDUSTRIALISATION, TRADE AND SME …
Transcript of MINISTRY OF INDUSTRIALISATION, TRADE AND SME …
MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA
COUNTRY PRESENTATION ON TRADE AND INDUSTRY WITH COUNTRY FOCUS
OVERVIEW BASIC FACT ABOUT NAMIBIA
ECONOMIC OVERVIEW Macroeconomic indicators
Exports & Imports
INVESTMENT OPPORTUNITIES Sectors of national priority
Potential sectors
WHY INVEST IN NAMBIA?
Reasons for investing
The Namibia Investment Centre (NIC) and its services
THE NICHE EXPERIENCE
BASIC FACTS ABOUT NAMIBIA
MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA
Country Profile Area: 824,269 square kilometres (318,696 sq miles)
slightly bigger than the size of Texas, 268,820 square miles (696,200 km2)
Population: 2.2 million (est 2014)
2nd least densely populated country in the World after Mongolia
14 regions
Official language: English
21 March 1990
Multiparty democracy
Mixed legal system based on Roman-Dutch law
Democratic government: every 5 year elections (last November 2014)
President: Dr. Hage Geingob
ECONOMIC OVERVIEW
MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA
ECONOMIC OVERVIEW:
• Macroeconomic
indicators • Exports and Imports
GDP at current prices – N$145 billion (2014), approximately US$11 billion
Expected Growth rate – 5% in 2016
Inflation – 3.3% (2015)
GDP Per Capita - N$58,300 (2014)
Repo Rate - 6.50 (2015)
Unemployment rate – 28.1% (2014, NSA Labor Force survey report)
Ease of Doing Business – 88th (9th place in Africa) – 2014/2015
Global Competitiveness Index – 85th (6th in Africa) – 2015/16
Sector Contribution to GDP
• Macroeconomic
indicators
• Exports and
Imports
ECONOMIC OVERVIEW:
EXPORTS AND IMPORTS
Economic Overview:
• Economic
Stability • Exports and
Imports
Main Exports:
Ores and minerals, fish and fish products, live animals, meat and animal
products and beverages.
Main Export Destinations:
United Kingdom, South Africa, Angola, United States, Belgium, Canada,
Spain, Italy, Germany, France, Switzerland, China, DRC, Botswana and
the Netherlands.
Main Sources of Imports:
South Africa, EU (Germany, France, Italy, United Kingdom), United
States, Japan and China
INVESTMENT OPPORTUNITIES
MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT- NAMIBIA
SECTORS OF NATIONAL PRIORITY
• Sectors of National Priority
• Potential sectors
INVESTMENT OPPORTUNITIES
Manufacturing Logistics
Agriculture Tourism
Manufacturing
Agriculture
Tourism
Logistics
Skills training
Health
Construction
Mining & energy
Fisheries
• Sectors of
National Priority
• Potential sectors
Investment Opportunities
Manufacturing
Growth at Home Strategy to accelerate the creation of industries to reach NDP4 National goals
Promote Value addition to all natural resources (diamond, uranium, copper etc)
To stimulate manufacturing activities, Government has initiated a number of tax incentives, introduced an Export Processing Zone, grant Infant Industry Protection, Competition Commission etc.
Food and agro processing
Automotive parts and components
Fertiliser and petrochemicals
Wood processing and furniture making
Pharmaceuticals
Steel and glassware manufacturing
Assembly of electronic and electrical components
Textiles and Garments
• Sectors of
National Priority
• Potential sectors
Investment Opportunities
Transport & Logistics
The port of Walvis Bay is Namibia’s largest and one of Africa’s most efficient ports (Port Excellence Award 2013)
Tourism
Visitors 1.37 million (2013)
Beautiful sceneries and wide open spaces
Agriculture
Green Scheme, horticulture
Agro processing
Fertilizers
Irrigation systems
• Sectors of
National Priority
• Potential sectors
Investment Opportunities
Mining and Energy
Namibia has abundant mineral deposits – diamonds, uranium, gold, copper, lead, zinc and other base metals, a wide variety of semi-precious stones and dimension stones
Value-addition is encouraged - refining of base metals and other minerals, like manganese, processing of marble and granite, and cutting and polishing of precious and semi-precious stones
Jewellery industry Oil and gas exploration Hydro-power generation, offshore gas-to-electricity, wind and
solar power generation
Fisheries Namibia’s marine resources are among the richest in the world opportunities exist in fish processing (exploitation, research) into
finished fish products. Freshwater aquaculture potential exists for tilapia, catfish, tiger-
fish, prawns, oysters and abalone.
• Sectors of
National Priority
• Potential sectors
Investment Opportunities
C. WHY INVEST IN NAMIBIA
MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT - NAMIBIA
Political stability and good governance Abundant natural resources 6th on Mo Ibrahim Index on Governance in Africa English as the language of administration Business friendly legal and regulatory framework and liberal
investment regime World class road, rail and air infrastructure External trade relations/Wide inter-continental market
access Strategically located, low cost and efficient port
WHY INVEST IN NAMIBIA
• Reasons for
investing
• Namibia
Investment
Centre and
its services
WHY INVEST IN NAMIBIA
Sound financial system and stable foreign exchange reserves
Low inflation
Young and trainable labour force
Good housing, medical and other social services facilities
2nd Top Tourism Destination in Africa (World Economic Travel)
2nd Best Transport Infrastructure in Africa (World Economic Forum)
Special tax incentives and non tax incentives
• Reasons for
investing
• Namibia
Investment
Centre and its
services
WHY INVEST IN NAMIBIA
• Reasons for
investing
• Namibia
Investment
Centre and
its services
Your first port of call for investors Vision: market Namibia as the preferred investment destination in the region by attracting
and retaining both foreign and local investment. Provide information on priority sectors Facilitate site selection to industrial land process Facilitate and promote joint venture partnerships Offer investor services (i.e. facilitation of entry visas and work permits) Promote investment opportunities to both local and foreign investors Conduct research on investment climate, sector studies, identify, profile and market
investment projects and avail this information to interested investors Administer Investment Incentives
NICHE EXPERIENCES
MINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT - NAMIBIA