Namibia Attracts N$114.9 Billion in Foreign Investment in Four Years

Namibia Attracts N$114.9 Billion in Foreign Investment in Four Years

Namibia has received N$114.9 billion in foreign direct investments (FDI) over the last four years.

Namibia seeks economic diversification with 9.6-bln-USD private investment pipeline

WINDHOEK, May 14 (Xinhua) -- Namibia is advancing a private sector investment pipeline worth 174.9 billion Namibian dollars (about 9.6 billion U.S. dollars) in a bid to reduce dependence on mining and promote long-term economic diversification, according to the country's first official Foreign Direct Investment (FDI) Report released on Wednesday. Read full story

Namibia Attracts N$114.9 Billion in FDI Over Four Years

Namibia has attracted N$114.9 billion in foreign direct investments (FDI) over the last four years. largely fueled by major hydrocarbon discoveries in the Orange Basin. Speaking during the first-ever FDI report launch in Windhoek on Wednesday, deputy governor of bank of Namibia, Ebson Uanguta said there was a temporary decline in FDI during 2019 and 2020. “Namibia has experienced a strong rebound since 2021. From that year onward, cumulative net…