Namibia Investment Centre (NIC) – Windhoek – Namibia

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Africa Business (Only African) Category: GOV. DEP. & POI and MINISTRIES & DEPARTMENTS & PUBLIC AGENCIESAfrica Business (Only African) Tags: Government, Investment, Namibia, Namibia Investment Centre (NIC), National Park and Windhoek

  • Profile

    The Namibia Investment Centre (NIC) was established in 1990 under the Foreign Investment Act No. 27 of 1990(which is currently under review) with the major responsibility of promoting FDI (Foreign Direct Investment). The NIC is the first port of call for investors, local and foreign.
    The NIC is operating as a Department within the framework of the Ministry of Trade and Industry.
    To market Namibia as the preferred investment destination in the region by attracting and retaining both foreign and local investment.
    Market Namibia as a favourable investment destination
    Facilitate and create an enabling investment environment and regulatory framework
    Ensure that Namibia has a fair share of regional and global FDI flows
    Identify and encourage the attraction and growth of inward and outward domestic investment
    Reasons why invest in Namibia
    Namibia has solid foundations for democracy, good governance, peace and stability
    Business firendly legal and regulatory framework, and liberal investment incentive regime (e.g EPZ, exporters and manufacturers incentives)
    Sound financial system and stable foreign exchange reserves
    Ideal gateway to SADC regional market via trade agreements and world port, rail, road and air infrastructure
    Excellent telecommunications network
    Efficient and transparent bureaucratic system
    Good housing, health, education and recreational facilities
    A pool of young and trainable labour force and incentives for training
    An oasis of investment

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