Industry Issues

The Namibian Business and Investment Climate Survey (namBiC)

Vision 2030 envisages Namibia as a prosperous and industrialized country. However, Namibia will only accomplish these ambitions if all stakeholders work closely together and move in the same direction. Government sees its role mainly as providing an enabling environment for the private sector to flourish, while it regards the private sector as the engine for growth and sustainable job creation. Because of this division of roles and responsibilities it is important that the two sectors work closely together, exchange views regularly and discuss progress and remaining challenges. It is for this reason that in 2009 the Namibia Chamber of Commerce and Industry and the Namibian Manufacturing Association decided to conduct an annual Namibia Business and Investment Climate (namBIC) survey. The namBIC attempts to capture the perception of business people across the country, industries and the formal and informal sectors about the prevailing business climate in the country, and about the constraints and challenges they encounter.

Namibian Business and Investment Climate Survey 2014

This marks the 5th year that the Namibia Chamber of Commerce and Industry (NCCI) and the Namibia Manufacturing Association (NMA) with the support of the GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit working on behalf of the German Government have conducted an annual Business Investment Climate Survey. The investment climate is an important determinant of a country’s success in raising investment levels and consequently its growth rate. However, it is a confluence of a number of factors, which determine the private sector’s decision to invest. In Namibia we enjoy a stable macro-economic environment. Both fiscal and monetary policies are consistent and predictable. We salute the Government’s efforts to manage budget deficits, reduce inflation, ensure exchange rate stability and maintain sustainable levels of domestic debt. Also characteristic of our climate is the absence of war with and in neighbouring countries and the absence of civil unrest at home.

The 2014 survey is based upon responses from 597 businesses, including those who are neither members of the NCCI nor the NMA. The survey offers a valuable snapshot of Namibian businesses’ concerns on Namibia’s regulatory and policy environment, illustrating long-term improvements in the business climate as well as areas of difficulty. As such, the survey plays an essential role in helping determine the NCCI and NMA’s advocacy priorities. We would like to thank all our members and other respondents who took the time to participate in the survey. Your input is greatly valued.