Namibia

GENERAL

Namibia Map

Geographical Area

  • 824,269 km² making Namibia the 31st largest country in the world.

· It stretches for about 1,300 km from south to north and varies from 480 to 930 km in width from west to east.

· The country is divided into 13 regions, the Caprivi, Kavango, Kunene, Omusati, Ohangwena, Oshana and Oshikoto regions in the north, the
Omaheke, Otjozondjupa, Erongo and Khomas Regions in the central areas and the Hardap and Karas regions in the south.

Geographical Location

· Vast, sparsely populated country located on the south-western tip of Africa.

  • Bordering Angola in the north, Botswana and Zimbabwe in the east, South Africa in the south and the Atlantic Ocean in the west.

· The oldest desert in the world, the Namib Desert stretches along the whole west coast of the country, while the Kalahari Desert runs along
the south eastern border with Botswana.

Climate

  • Arid and semi-arid.

· Hottest months, November to February (average temperatures 20-36 ºC).

· Colder months between May and August (average temperatures 6-10 ºC in the mornings and 18-22 ºC during the day).

Population

  • 2 million (2004 census).
  • Population Growth Rate is 2.6%.

· Relatively youthful population with 39% of the population under 15 years of age and only 7% over 60.

· Despite rapid urbanisation, Namibia is still a mainly rural society with only 33% of the population living in urban areas.

· Regional population densities vary enormously with almost two-thirds of the population living in four of the northern regions and less than
one tenth of the population living in the south.

Time Zones

· First Sunday in April to first Sunday in September: GMT + 1 hour.

  • October to March – GMT + 2 hours.

Electric Current

  • 220 VAC 50 Hz

Measures

  • Metric System

International Telephone Code

  • + 264 + area code + number required.

Business Hours

  • Offices : Monday to Friday, 08h00 to 17h00.

· Banks : Monday to Friday, 09h00 to 15h30 and Saturdays, 08h30 to 12h00.

Currency

· Namibian Dollar (N$) which is 1:1 on par with the South African Rand (R).

· Major foreign currencies and travellers cheques are easily exchangeable while major credit cards such as Visa, Master Card, American Express
and Diners Club are acceptable means of payment.

Namibia Currency

Currency Regulations

· Namibia is part of the Common Monetary Area, which includes Lesotho, South Africa and Swaziland.

· Remittance of dividends to non-resident shareholders.

  • Repatriation of capital.

· Freedom of movement for non-resident capital transactions.

· Free repatriation of income/dividends earned on such investments.

· Corporations can invest directly abroad.

· Institutional investors may engage in asset swap transactions.

Languages

  • English is the official language.

Religion

· Secular state but over 90% of population is Christian.

Capital

· Windhoek (administrative, judicial and legislative capital).

windhoek

National Day

  • 21 March, Independence Day (1990).

2009 Public School Terms

  • First Term: 16 January to 18 April.
  • Second Term: 13 May to 15 August.
  • Third Term: 2 September to 3 December.

2009 Public Holidays

  • New Years Day January 1

· School Holiday March 20

  • Independence Day March 21
  • Good Friday March 21
  • Easter Monday March 24
  • Worker’s Day May 1
  • Ascension Day May 1

· Cassinga Day May 4

· Public Holiday May 5

· Africa Day May 25

· Public Holiday May 26

· School Holiday June 16

  • Heroes Day August 26
  • Human Rights Day December 10
  • Christmas Day December 25
  • Family Day December 26

SOCIAL INFRASTRUCTURE

Namibia Labour

Labour

· About 31% of the Population is unemployed (2001 census).

  • Primary subsistence is Agriculture.

· National Union of Namibian Workers (NUNW) is Namibia’s largest labour federation representing workers organized into seven affiliated trade
unions.

· Statutory Minimum Wages (US$/month): None.

· Statutory Fringe Benefits: Social security, sick leave, workers’ compensation, maternity leave.

· Extended Fringe Benefits: Pension and bonus.

  • Standard working week: 40 hours.

Education

· Government is aggressively pursuing education reforms to redress prevalent skill shortages in the country.

· 81% of the population aged 15 years and older is literate.

· 65% of people aged between 6 and 24 years are enrolled in school.

· All major towns have public schools along with several privately operated schools.

· Tertiary institutions include, the University of Namibia, the Polytechnic of Namibia, two agricultural colleges, several teachers colleges
as well as several private colleges of education.

Namibia Education

Quality of Life

  • Peace, stability and good governance.

· First world road, rail and air infrastructure.

  • Excellent telecommunications network.
  • Stable labour environment.

· Fast, efficient and transparent bureaucracy.

Medical Services

· The doctor/patient ratio is one doctor per 7000 people.

· Qualifications of medical practitioners is on par with international Standards.

· All major towns have state run hospitals.

· International SOS provides emergency evacuation services.

PHYSICAL INFRASTRUCTURE

Border Posts

  • Noordoewer, B1 on route to South Africa, open 24 hours.
  • Ariamsvlei, B3 on route to South Africa, open 24 hours.
  • Buitepos, B6 on route to Botswana, open 06h00 to 23h00.
  • Wanela, B8 on route to Zambia, open 06h00 to 18h00.
  • Ngoma, B8 on route to Botswana, open 07h00 to 18h00.

· Mata Mata, C15 on route to Botswana, open 08h30 to 15h30.

  • Sendelingsdrift, across the Orange River to South Africa, open 08h00 to 15h30.

Main Airports

  • Hosea Kutako International Airport situated 40 km east of Windhoek.
  • Eros Airport located within Windhoek.
  • Walvis Bay Airport.
  • Swakopmund Airport.
  • Ondangwa Airport.

Transport

  • Municipal Bus service operates in Windhoek.

· International car rental companies such as Avis, Budget, Imperial and others have offices in all the major towns.

  • Privately owned taxi’s and radio taxi’s are readily available in all the major towns.

namibia_transport

Road

· Superb national road network that stretches for about 42000 km.

Rail

· Superb narrow-gauge track that stretches for about 2500 km connecting South Africa in the south and Angola in the north.

Air

· Direct air links to major regional cities such as Johannesburg, Cape Town, Luanda, Gaborone, Lusaka and Harare.

  • Regular international flights between Windhoek an Frankfurt and Windhoek and London.

· Namibia Airports Company is responsible for the development, management and maintenance of all airport infrastructure.

  • Private charter flights are available.

Ports

  • Two ports situated in Walvis Bay and Luderitz.

· The Namibia Ports Company is responsible for the development, management and maintenance of all port infrastructure.

· Walvis Bay port is 12.8 m deep and can accommodate 2200 – 2400 ton container vessels.

· With a new cargo container quay, the Luderitz port can accommodate vessels that are 150m in length.

Telecommunications

· Digital telecommunications network across the country which is developed, managed a maintained by the national telecommunications utility,
Telecom Namibia.

· Two cellular network providers, MTC and Cell One with coverage in most towns and along all the major routes.

Postal Services

· Postal services are operated by Namibia Post Ltd, a parastatal entrusted with the management of the 122 post offices and 95,000 registered
mailboxes across the country.

· Nampost is affiliate to the Universal Postal Union and also provides courier services to all major towns in Namibia.

· International courier service providers such as DHL, Fed Ex etc. are also available.

Electricity

· Nampower, the national power utility is responsible for the generation and supply of electricity.

· Regional Electricity Distributors (REDs) were created to assist Nampower with the distribution of electricity at regional level.

· Currently functioning REDs include CENORED, NORED and ErongoRED.

· Main sources of power are, the Van Eck Power Station (120 MW), Ruacana Hydroelectric Plant (240 MW), Walvis Bay Paratus Power Station (24
MW) and ESKOM South Africa (200 MW).

TRADE

Trade Arrangements

AGOA

· Duty and quota-free access to the US market for over 7,000 products under the Africa Growth and Opportunity Act.

Cotonou Agreement

· Duty-free access to the European Union for a wide range of manufactured goods and agricultural products.

SADC

· As one of 14 member states of the Southern African Development Community, Namibia has preferential trade links to the 190 million+
inhabitants of the sub-region.

SACU

· The Southern Africa Customs Union is the oldest such trade arrangement in the world. Membership affords duty and quota-free access to
markets in Botswana, Lesotho, South Africa and Swaziland.

Doing Business in Namibia
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Competition

The Namibian Competition Commission, established in terms of the Competitions Act (Act no. 2 of 2003) regulates competition-related
issues. The commission is tasked with the promotion of competitive market conditions through investigation and prosecution of anti
competitive activities, reviewing and approving mergers and acquisition applications, and disseminating information to businesses,
consumers and other stakeholders on competition matters.

Real Estate

Namibian citizens and companies (regardless of shareholder or management citizenship) have the free and unrestricted right to
acquire and own real estate.

Labour and Employment Regulations

The Labour Law covers Namibian employees with employment contracts who perform activities in Namibia or abroad for a Namibian
employer, as well as foreign individuals with employment contracts who perform activities for a Namibian employer in Namibia.

Work Regulations for Foreigners

Namibian legislation allows two main categories of visas for foreigners, i.e. short-term and long-term visa, single or multiple
entries.

Foreign Trade Regulations

Foreign trade regulations have been gradually liberalized since 1990 and multiple trade agreements have been signed with our trade
partners.

Public Procurement Contracts

Namibian law provides for several types of instruments through which State or local authorities entrust undertaking of works,
supplying of goods or services to private investors, namely by means of public procurement, public works concessions and services
concessions contracts.

Namibian Capital Markets

Currently one regulated market is operated in Windhoek, namely the Namibia Stock Exchange.

Financial Institutions

The Namibian Banking sector is organized into a two tier system, with the Reserve Bank acting as the independent central bank.
Commercial banks are entities which conduct business transactions mainly in the area of financing, investment and payment
operations. Four commercial banks, one development bank and one agricultural bank are operational in Namibia.


namibia_reserve_bank

Source Namibia Investment Forum 2011