Bussines in Namibia
The construction industry has expanded over the past ten years partly due to the development of new mining sites,
an extended railway line that runs into Angola in the north and the extension of the electricity grid to the north east to connect
to Zambia and Zimbabwe, and more residential and office blocks.
This growth is expected to carry on in 2009 with plans to build at least one new uranium mine and to expand an existing one. Plans to invest in
two new five-star hotels in Windhoek, conference centres, the electricity grid, electricity generating plants, roads and railways are also underway.
The construction industry has also faced some setbacks. The price of cement has risen and supply has not always met the demand. The construction
of a cement factory in 2009 is expected to supply Namibia and neighbouring Angola from 2010 onwards.
Overall, real GDP is predicted to grow by 2.7 per cent in 2009, before rebounding to 3.1 per cent in 2010. Gross fixed capital formation
grew at a remarkable rate in 2008. Private investment, primarily in new mining deposits and telecommunications increased. Public investment
- mainly in electricity, road and railway infrastructure - also increased markedly by 9 per cent. Annual growth in gross capital
formation is expected to remain high at 8.4 per cent in 2009 and 9.8 per cent in 2010 due primarily to private investment.
Exports fell in 2008. They are expected to remain weak in 2009 and 2010 due to the world recession, as the external sector
continues to pull down aggregate demand.
Doing business in Namibia?
Namibia Business comments
I am angolan, who can buy goods in Namibia and bring to Angola. Must carefull doing busy in Namibia like any part of World. There are lot of crooks waiting to target foregner. But not worse than in South Africa.
Pedrosa Pedrito, Angola
At moment business is going well. we've Angolan people coming to buy goods in here.
Sam , Namibia
It's a good place to do busines.
Tito Dawson , Namibia, Windhoek
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