Investment Climate - Namibia

GDP: US$10.18 billion

Annual Growth: 4.2%

Population: 2.4 million

Inflation: 6.8%

Country Risk Profile: BBB-

Major Industries: meatpacking; fish processing; dairy products; beverages; mining (diamonds; lead; zinc; tin; silver; tungsten; uranium; copper)

Major Trading Partners: South Africa, South Korea, Botswana, Switzerland

Taxation of Oil Production: 5% state royalty, 35% corporation tax, no capital gains, IRR >15%, APT 25%

Existing Presence: Maurel & Prom, Anglo, Areva, DeBeers, Rio Tinto, Glencore

Political Situation:

An ethnically diverse republic, which gained political independence from South Africa in 1990, Namibia operates as a stable democracy with a population of approximately 2.2 million.

The government has pursued free-market principles designed to promote commercial development, has good relations with its neighbours, and has actively encouraged international foreign investment.

Investment Climate:

The 1990 Namibian Foreign Investment Act provides for freedom from nationalisation, freedom to remit capital and profits, currency convertibility and a process for settling disputes equitably.

Namibia’s 2014 GDP was estimated at US$13.4 billion and its gross domestic real growth rate was 5.3%. Namibia has a country risk profile of BBB-.

Sources:
Country Profiles – Foreign and Commonwealth Office,  02.02.2017
Namibia – World Factbook – CIA ,02.02.2017
Fitch Group, 02.02.2017

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