Maersk Deliverer drilling rig offshore Namibia

Investment climate – Namibia

GDP: US$13.6bn 

Annual Growth: 4.5% 

Population: 2.2m 

Inflation: 5.3% 

Country Risk Profile: BBB-

Major Industries: meatpacking; fish processing; dairy products; pasta; beverages; mining (diamonds, lead, zinc, tin, silver, tungsten, uranium, copper)

Major Trading Partners: South Africa, UK, Botswana, Switzerland

Taxation of Oil Production: 5% state royalty, 35% corporation tax, no capital gains, IRR >15%, APT 25%

Existing Presence: Maurel & Prom, Anglo, Areva, DeBeers, Rio Tinto, Glencore

Political Situation:

An ethnically diverse republic, which gained political independence from South Africa in 1990, Namibia operates as a stable democracy with a population of approximately 2.2 million. 

The government has pursued free-market principles designed to promote commercial development, has good relations with its neighbours, and has actively encouraged international foreign investment.

Investment Climate:

The 1990 Namibian Foreign Investment Act provides for freedom from nationalisation, freedom to remit capital and profits, currency convertibility and a process for settling disputes equitably. 

Namibia's 2014 GDP was estimated at US$13.4 billion and its gross domestic real growth rate was 5.3%. Namibia has a country risk profile of BBB-.


Sources:

Country Profiles – Foreign and Commonwealth Office,  04.01.2016

Namibia – World Factbook – CIA,  04.01.2016

Fitch Group,  04.01.2016

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