6Namibia is a sub-Saharan African nation, bordering Angola, Botswana, South Africa, Zambia and the South Atlantic Ocean.
Namibia has many investor-friendly features:
• Political stability
• Positive business environment in a regional and African context
• Low levels of crime and corruption
• On-going reforms to state-owned enterprises
• Located near the large economies of South Africa, Angola and Botswana
• Continued expansion of the financial sector and financial markets
• History of strong economic growth
• Positive medium- to long-term outlook for the mining sector
• A literate and bilingual labour force
The climate in Namibia is mostly arid. It experiences more than 300 days of sunshine annually, with rainfall sparse and erratic, most prevalent between September and November and between February and April. Temperatures vary greatly, ranging from highs of over 45°C in the Namib desert to much lower temperatures along the coast.
Namibia has a presidential system of government and a bicameral legislature. The president is both the chief of state and the head of government.
Namibia’s economic structure is a complex hybrid of old and new. It has a sophisticated, modern sector based on mining activities and commercial farming, and a large informal sector mostly comprising subsistence farming.
The services sector includes a large tourism industry, a developed banking industry, and a strong retail industry. Sound macroeconomic policies in addition to a stable political environment have contributed to the fact that Namibia has been able to record strong economic growth rates.