The Namibia Investment Promotion and Development Board (NIPDB) which commenced operations on 1 January 2021 is in the process of consolidating and taking over the activities of the Namibian Investment Centre (NIC) and SME Development programmes from the Ministry of Industrialization and Trade (MIT) in an effort to accelerate and propel sustainable and impactful investment opportunities for Namibia.

Amongst others, the NIPDB’s mandate is to promote, attract and retain both domestic and foreign investments. In addition, the board will oversee the Small and Medium Enterprise (SME) operations with the ambition to create and stimulate new ventures that will meaningfully contribute to Namibia’s economic development.

The Board will also develop new investment strategies, and explore synergies with the public and private sectors in order to create a conducive investment environment in the country.