Foreign entities created 62 835 jobs in four years

Namibia Investment and Promotion Development Board (NIPDB) CEO Nangula says the private sector drives economic growth. Uaandja says foreign-owned entities currently employ 62 817 individuals. She credited foreign-owned entities for creating 6 835 jobs from 2019 to 2023. The NIPDB and the Bank of Namibia will soon launch the foreign direct investment report.

The NIPDB is at the centre of attracting foreign investments into the country. The NIPDB commenced operations in January 2021, taking over the functions of our predecessor, the Namibia Investment Centre, to become the lead investment agency for Namibia.