Namibia Travel Guide - Business

• GDP: US$6 billion (2005).
• Main exports: Minerals, beef, cattle and fish.
• Main imports: Food, construction material and manufactured goods.
• Main trade partners: South Africa, UK, Spain, Japan and USA.

The mining industry is strong, accounting for about 20% of GDP. Minerals extracted include silver, copper, lead, zinc, tungsten, uranium and some of the world’s highest-quality diamonds. Livestock dominates the agricultural sector. A substantial proportion of the workforce is engaged in subsistence farming of crops such as wheat, maize and millet; their yield is under constant threat from desertification. Namibia also has an active commercial fishing industry. Manufacturing is mainly devoted to processing raw materials and agricultural produce.

Most of the country’s trade is with South Africa and involves the exchange of raw materials for manufactured goods. Recent economic policy has seen many former state enterprises transferred to the private sector. The economy has performed reasonably well during the last decade. Annual growth in 2005 was 3.5% and inflation was 2.3%. Unemployment hovers at around 35% but this includes subsistence farmers.

Lightweight suits are advised. Prior appointments are necessary. English is widely spoken in business circles. The best times for business are February to May and September to November.

Office hours: Mon-Fri 0800-1700.

Namibia Chamber of Commerce and Industry
PO Box 9355, Windhoek, Namibia
Tel: (61) 228 809.
Website: www.ncci.org.na