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Submission: On August 20 via manual from FR — Scanned from AU
Effective URL: https://penzu.com/public/7bbd4090
Submission: On August 20 via manual from FR — Scanned from AU
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Summer is in full swing! Enjoy the sunshine with 50% off all yearly PRO and PRO+ plans! Just use code SUMMER2022 at checkout — sale ends July 12th! Upgrade now Get your own Penzu 0 results for '' TAGS WHY AREN’T THERE MORE RESULTS? We're working on adding features to the new Penzu as quickly as possible. For now you can search by the tags in your entries. COMING SOON Soon you will be able to search your journal and entry content, all from here! * Penzu Podcast * Account * Help & FAQs * PRO Support * Logout Sign in Mobile apps Go PRO Go PRO WANT TO CREATE POSTS LIKE THIS? Create posts just like this in your very own journal. Write in private or share with others! Get Started READ THIS TO CHANGE HOW YOU LOOKING FOR PROJECTS TO FUND IN NAMIBIA Sat. 8/20/2022 words by Gallagher Morrison Namibia is home to 70% of Namibia's urban population. The trend towards urbanization is growing in the northern-eastern and northern-central regions, including Oshakati. The majority of Namibia's young resides in the northern regions. Namibia is well-positioned to draw investment to meet the rising urban middle class as well as the younger population. Investment opportunities Investment in Namibia is a good option for those looking to make profits and establish an office in the country. Namibia is one of the smallest African countries. It does have an expanding middle class in urban areas and a small population. The lack of a large government means that companies are able to make use of their strengths to take advantage of the rapidly growing economy in Namibia. Namibia is rich in natural resources and has a low tax rate. Also, it has a strong infrastructure that can attract foreign investment. Namibia is currently undergoing an ambitious plan of infrastructure improvement. Investment opportunities in Namibia could be in the form of partnerships between public and private or equity holdings. Some of the current key areas of interest are power generation as well as transmission, logistics and water infrastructure. There are numerous opportunities in the construction and maintenance of rail and road infrastructures and also affordable housing. When you decide to invest in Namibia make sure to choose an investment bank that is reputable. The government is seeking partners to help realize its ambitious goals. The country is rich in natural resources that could boost investors' returns. Large Chinese companies have made investments in the mining industry as have South African businesses in the banking and diamond industries. Spain and Russia have made substantial investments in the fishing industry. Other countries have expressed an interest in exploring oil in Namibia's waters. Opportunities for FDI include logistics manufacturing mining. If you are looking to maximize your investment, Namibia is a great starting point. Challenges The start-up community in Namibia isn't able to match entrepreneurs with the most suitable investor. In the end, entrepreneurs tend to seek out unsuitable investors that do more harm than good. The ideal investor will provide access to money, time, and access to startups. New investors may not have access to the necessary connections and may lack knowledge of market conditions. Namibian investors must be cautious when deciding which projects to invest in. Although the investment environment in Namibia has improved in recent years, there remain significant obstacles. The country has low domestic markets, a small supply of skilled labor and a high cost of transportation. Despite these challenges, the country is now going through an expansion of its vaccination program that is expected to ease production bottlenecks as well as reopen the tourism sector. The government has set the highest priority on attracting foreign investment, reducing the high rate of unemployment, as well as diversifying the economy. There are many opportunities for FDI to Namibia. Namibia is home to a number of large Chinese companies, which have significant investments in the uranium sector. Canada and South Africa are also significant investors in Namibia, with large investments in mining and banking. The Office of the President has also been looking to develop renewable energy sources. Mining and tourism are two highly sought-after industries. These are the mainstays of the nation's economy. The general trend is for the price of commodities to increase in the coming years, which will enable more companies access private equity. Government support The Namibian government is working to eliminate bureaucratic hurdles that can hinder ease of doing business. The Investment Promotion Act is currently being revised. This new legislation is likely to replace the previous Foreign Investment Act. The new law is designed to attract foreign investment. However investors who are looking to fund projects in Namibia should be aware of the specifics. An owner of a business may not be able access information about a project, like the financial status of the owner. The Registrar of Companies is responsible for managing businesses and regulating business creation in Namibia. While registration is mandatory investors are urged to seek advice from the Namibia Investment Centre. The Namibia Investment Centre provides services to investors starting from early phases of inquiry through operations. It also provides information about projects, incentives, as well as procedures. The investment center streamlines processes and collaborates with regulatory and government agencies. This helps investors focus on projects that will be beneficial to the country. While Namibia's private sector is heavily dependent on bank loans, the banking industry is not as strong when it comes to financing startups. The majority of commercial banks in Namibia utilize traditional lending methods. This means that new companies pledge collateral in order to get a loan. The lending of unsecured credit is limited and bank loans can be risky. Additionally, the government's support for investors looking for projects to finance in Namibia is not sufficient. Financial institutions You're not the only one looking for a great project in Namibia. The Namibian government and a number of financial institutions are seeking to support economic development as well as private sector development. A recent stakeholder panel , which was convened by the Development Bank of Namibia (DBN) revealed that the country needs more than grant funding. Public-private financing is essential to build capacity for production as well as modernize customs practices and provide free access to information. Among other issues, the panel concluded that transparency and good corporate governance are imperative. There are a variety of investors in Namibia. Public funders include the Development Bank of Namibia and Start-Up Namibia, which is a new initiative to promote the start-up scene in Namibia. These funders are more diverse and can be focused on concessionary loans instead of equity investments. They may also be a good fit for companies that are in the early stages and have significant social impact. But, it is important to be aware that government funds can put restrictions on how companies conduct business. Although Namibia isn't currently pursuing a privatization plan There are discussions on privatizing state-owned companies. For instance, the Government Institutions Pension Fund has pledged 340 million dollars to private equity funds in the past decade. It has the mandate to finance infrastructure, small and medium-sized enterprise development, as well as bulk municipal services. The government has also recently announced plans to sell a portion of its stake in the state-owned airline Air Namibia. The proceeds from the sale will go towards reducing the government's debt. Taxes Namibia is not a country with a tax system exclusive for foreigners. However it does have a number tax-friendly features that might be appealing to foreign investors. For instance, foreign companies cannot avoid paying dividend tax in Namibia which is a tax of ten percent on dividends from Namibian sources. Additionally, there is no tax on securities that can be traded in Namibia. However, investors should be aware that certain capital gains are taxed as normal income. And third, because Namibia is an ally of the Common Monetary Area, its dollar is tied to the South African rand. Additionally, certain sectors require that at least a certain amount of local money be used in order to fund projects they finance. In addition, Namibia's financial environment is relatively stable and transparent. The country is part of the Common Monetary Area, a group of southern African countries. According to World Bank Development Indicators, Namibia's remittances of foreign currency have been consistently less than one-fifth of the GDP over the past decade. The majority of remittances are processed by commercial banks. And the BON has not changed its policy on investment remittances in recent years. Economic empowerment If you're an investor seeking projects to fund from Namibia This article can help you begin. The government of Namibia owns an array of businesses. They are referred to as parastatals and contribute more than 40 percent of GDP. They receive financial aid from the government, even though they are typically insolvent. Foreign investors are part of joint ventures, however this has limited their growth. The government is generally transparent when it comes to public policy. It releases its annual budget, mid-term and annual reviews and consults interested parties in the budget is being prepared. It also publishes the government's debts, including explicit and contingent obligations. The fiscal framework is generally clean of corruption. The Namibian government doesn't have any required localization requirements. The government's policies encourage local content and encourage local ownership of state-owned companies. The government of the country is working to improve the financial markets and to attract more foreign capital. The SDG Investment Fair brings together investors representing different sectors to invest in sustainable development projects for developing countries. Namibia is represented by its Hydrogen Commissioner and Economic Advisor to the President. Both countries are members of the Common Monetary Area. This agreement allows capital to freely flow between these two countries. Investors from around the globe are invited to attend the event to view the opportunities for investment in the country. Sector of water Namibia's water sector has received approximately 25% of budget for the country's national budget. To achieve this the Government of Namibia has set up a Namibia Water Sector Support Program to draw foreign investors. business investors in south africa is designed to create water-related infrastructure and provide potable water to the people of Namibia. The government is currently seeking to attract foreign investors for the program as well as private sector companies. The government has received an award from the African Development Bank Group. There are many investment opportunities in Namibia's water sector. EOS Capital is one such firm. It recently announced that it had completed its first round of financing of the Euphrates Agri Fund, raising 90 million Namibian dollars. Cherry Irrigation Namibia was the fund's first investment. The company plans to invest more in the country's water infrastructure, as well as in the agricultural sector. Green bonds can be a viable alternative to traditional bank lending , and there is a substantial market in Namibia. AFD has launched a Namibian green finance label, which encourages local commercial banks to increase their green lending. The Bank Windhoek is working to build a pipeline for projects that qualify for green financing and is considering the possibility of a second issue. A Green Bond works in a similar manner to a non-convertible debenture, with the main difference being that they are not secured by physical assets, however, they are backed by the reputation of the issuer and documents in an indenture. 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