INDUSTRY
SHAPING THE FUTURE WITH PRODUCTIVE IDEAS
Namibia is one of the most resource-rich countries in Africa, with substantial reserves of strategic raw materials and minerals. The country’s goal is to process these raw materials locally to the greatest extent possible in order to increase local value creation. In addition to minerals, items such as fish, agricultural products, and indigenous plants used in the food and cosmetics industries are well suited for industrial processing. Namibia is also pushing ahead with the development of future-oriented industries; currently, the country is exploring a diverse range of new sectors, including machinery and cement manufacturing. The government provides numerous tax and financial incentives to support economic diversification – and these incentives also benefit foreign companies planning to establish a foothold in Namibia. For investors, conditions couldn’t be better.
