foreign direct investment

Interview: Josef Sheehama Calls for Namibia to Join BRICS to Boost Economic Growth and Industrialization

Economic expert Josef Sheehama made a strong case for Namibia to join the BRICS bloc, describing it as a smart and strategic move for the country’s future. Speaking about the fragile global economic and political environment, Sheehama stressed that Namibia can no longer afford to remain neutral but must diversify its international alliances and rebalance traditional ties to reduce dependence on partners who may not fully support its interests. Sheehama […]

16 June, 2025

Business / Economics

Namibia creates one-stop investor center

The Namibia Investment Promotion and Development Board and Namibia Revenue Agency signed a Memorandum of Understanding that allows NamRA to set up an office at the NIPDB, creating a one-stop service center for investors. The NIPDB's senior Manager for Marketing, Communications, and Branding, Catherine Shipushu.

12 September, 2024

Opinion Pieces

Reflection on local content policies: A catalyst for Namibia’s economic development and growth

Opinion piece By Josef Kefas Sheehama On April 16–18, 2024, in Lüderitz, the Namibia Chamber of Commerce and Industry (NCCI) and Antila Consultancy organized a local content oil and gas conference with the theme, "Empowering Namibia's Energy Ambitions by Connecting Industry and Indigenous Talent." According to Article 100 of Namibia's Constitution that, " Land, water, and natural resources below and above the surface of the land […]

24 April, 2024

Local

Bank of Namibia warns against fraudulent investment scams.

The Bank of Namibia (the Bank) has noted with concern an escalation in the number of fraudulent investment scam activities, targeting and using references to the Government, its Ministries, Offices, and Agencies. The Bank has identified fraudulent investment scam activities, offering unsolicited financial assistance to fund Namibia’s developmental initiatives, with perpetrators applying particular focus on senior public figures, high-ranking government officials, politicians, and civil servants, to promote the fraudulent […]

2 February, 2024