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.
President Netumbo Nandi-Ndaitwah emphasized the need for a balanced partnership between the government and the private sector to foster a mixed economy and drive national development, particularly in job creation.
President Hage Geingob says Namibia has attracted foreign direct investment worth N$13.2 billion, or 7.2% of its gross domestic product, during the first nine months of 2022.
Dr. Geingob revealed this when he delivered the State of the Nation Address today (Thursday).
