Namibia is positioning itself as an attractive investment destination, with the mining and quarrying sector continuing to dominate foreign direct investment, followed by financial services and manufacturing.
Oil and gas exploration remains an important driver of investment within the extractive sector.
This emerged at the Namibia-Bavaria Business Forum, as the country seeks to attract more diversified investment beyond its traditional resource-based sectors.
According to the Bank of Namibia, mining and quarrying accounted for about 67% of Namibia’s foreign direct investment stock at the end of 2025, while financial and insurance services accounted for 16.6% and manufacturing 5.7%.
Tourism accounted for about 1.8%.
The local economy has recorded moderate growth in recent years, with the Bank of Namibia projecting growth of 2.6% in 2026, supported mainly by activity in sectors such as construction, electricity and water, wholesale and retail, financial services and public administration.
Despite this outlook, there is significant room for further investment and expansion, particularly in tourism, transport and logistics, energy and infrastructure.
Bulk water infrastructure is also considered critical, as a reliable water supply supports economic activity across industries and enables other sectors to expand.
The creative industry is another area identified as having untapped potential, presenting opportunities for Bavarian businesses to partner with Namibian enterprises and entrepreneurs.
The Chief Marketing Officer at the Namibia Tourism Board, Charmaine Matheus, highlighted that tourism is a key area for investment, as they are working hard to build inclusive tourism growth aligned with the SDGs to promote travel facilities and strengthen tourism statistics.
Tourism remains an important opportunity for diversification, with Namibia seeking to develop new tourism products, strengthen infrastructure and attract investment that can create jobs and support local communities.
The Namibia Tourism Board has also been actively promoting investment opportunities linked to tourism, conservation, culture and sustainable destination development.
Matheus further encouraged Bavarians to invest in Namibia because of its stable political environment, macroeconomic stability and a young, trainable population that provides a strong environment for developing a skilled workforce.
Namibia’s focus is increasingly on attracting investment that not only brings capital into the country, but also supports diversification, local value addition, skills development and sustainable economic growth.