Professional Documents
Culture Documents
Country profile
KPMG Africa Region 2012/2013
kpmgafrica.com
Author
Date
Revision
Date reviewed
1.
2.
3.
4.
5.
Signature
Date reviewed
Contents
1
Background
1.1
Map
1.2
History
Population
2.1
Population figures
2.2
2.3
2.4
2.5
2.6
Ethnic groups
2.7
1
1
1
2
2
2
2
2
2
2
Religions
2.8
Language
2.9
Education
2.10 Health
6.21 Corruption
Economy
6.23 Labour
Annual trends
4.1
3.1
3.2
3.3
Political structure
7.1
Sovereign risk
5.1
Railways
7.2
Currency risk
Roads
7.3
11
Ports
7.4
Political risk
11
5.4
Air transport
7.5
12
5.5
Telecommunications
12
Investing in Namibia
8.1
Political stability
13
6.1
8.2
Election watch
8.3
International relations
13
6.2
8.4
Policy trends
14
6.3
Government tenders
8.5
Economic growth
14
6.4
8.6
Inflation
8.7
Exchange rates
8.8
External sector
5.2
5.3
6.5
Appendix 1
Sources of information
11
11
14
15
6.6
6.7
15
6.8
16
6.9
Dispute settlement
16
15
17
Background
1.1
Map
1.2
History
Population
2.1
Population figures
2.6
2.2
2.3
Age structures
(2013 estimates)
Age
Total %
Male
Female
0-14 years
32.6%
358,068
352,068
15-44 years
23.1%
254,809
249,256
25-54 years
35.3%
399,283
370,202
55-64 years
4.8%
47,261
57,565
65 years and
over
4.3%
40756
52,776
2.4
Gender ratios
(2013 estimates)
Total population
At birth
Under 15 years
15 24 years
25 -54 years
55-64 years
Ethnic groups
2.5
2.7
Life expectancy
(2013 estimates)
Total Population
52.03 years
Male
52.36 years
Female
51.69 years
Religions
2.8
Language
2.9
2.10
Health
Education
Economy
3.1
2012
3 Qtr
4 Qtr
1 Qtr
2 Qtr
2013
3 Qtr
4 Qtr
1 Qtr
Prices
Consumer prices (Dec 2001=100)
180.7
182.8
185
189.7
191.5
194.1
198
201.8
5.1
5.2
6.4
6.2
6.4
6.787
7.15
8.099
7.749
8.122
8.257
8.684
8.956
6.756
8.02
8.075
7.659
8.175
8.29
8.485
9.228
5.5
5.5
5.5
4.3
4.3
4.3
4.3
4.3
4.1
4.1
n/a
n/a
n/a
9.4
n/a
n/a
n/a
n/a
8.7
8.8
8.7
8.7
8.8
8.6
8.5
8.3
9.8
9.8
9.8
9.8
9.8
9.3
9.3
9.3
5.7
5.6
5.6
5.7
5.7
5.5
5.3
5.7
22,358
24,620
26,319
26,587
27,369
27,018
24,949
26,403
8.8
8.8
14.1
17.1
22.4
9.7
-5.2
-0.7
50,814
54,617
57,710
57,183
60,538
61,250
61,330
60,955
5.5
11.9
15
19.1
12.1
6.3
6.6
111.9
116.9
121.8
121.3
120.4
135.9
133.5
131.5
-7.1
-6
6.7
7.1
7.6
16.3
9.6
8.4
M1 (end-period; N$ m)
M1 (% change, year on year)
M2 (end-period; N$ m)
M2 (% change, year on year)
IJG/IPPR Business Climate Index (Jan
2006=100)
IJG/IPPR BCI (% change, year on year)
8,339
7,574
8,757
8,005
8,745
8,026
8,227
8,567
Diamonds
1,961
1,452
1,951
1,618
2,697
1,969
1,796
1,943
Other minerals
1,577
1,643
1,825
1,777
1,664
1,730
1,823
1,696
1,013
1,046
1,180
975
864
743
1,091
1,073
Manufactures
1,891
1,595
1,813
1,718
1,609
1,650
1,588
1,923
-9,197
-9,782
-12,165
-11,484
-11,470
-12,153
-11,297
-12,210
-858
-2,208
-3,409
-3,479
-2,724
-4,127
-3,069
-3,644
33
135
155
125
14
54
85
-28
-1,582
-1,759
2,128
-899
-524
-501
-952
-1,834
2,241
2,204
2,236
2,052
3,704
3,789
3,740
3,758
-167
-1,628
1,110
-2,201
470
-785
-196
-1,748
1,821
1,432
1,787
1,604
1,734
1,675
1,746
1,897
3.2
2013b
2014b
2015b
2016b
2017b
5.0
4.2
6.1
7.3
5.8
4.9
2.0
2.0
1.7
1.9
2.3
2.3
6.5
5.5
4.5
5.0
5.3
5.6
6.3
4.8
4.4
4.1
5.4
5.5
8.7
8.2
8.0
8.0
8.7
8.9
-2.8d
-6.4
-4.4
-3.7
-2.3
-0.9
4,883d
5,123
5,534
6,748
7,551
7,858
-6,440d
-7,085
-7,515
-8,009
-8,493
-9,010
-415d
-659
-587
-149
-27
-296
Current-account balance (% of
GDP)
-3.3d
-5.3
-4.3
-1.0
-0.2
-1.7
4,292d
4,312
4,667
4,872
4,934
4,895
8.20
9.28
9.39
9.65
9.90
10.20
10.28
9.46
9.20
9.37
9.71
10.10
11.11
11.95
12.08
12.22
12.66
13.59
12.98
13.82
14.10
14.15
14.77
15.84
Government balance (% of
GDP)c
3.3
Annual trends
Government
and Politics
Form of state
Unitary republic
Legal system
Key ministers
Pres.
Hifikepunye POHAMBA
Prime Min.
Hage GEINGOB
Marco HAUSIKU
4.1
Political structure
Official name
Republic of Namibia
National legislature
Bicameral; National Assembly, with 72
members elected by universal suffrage and
serving a five-year term, and up to six non-voting
members appointed by the President. National
Council, with limited powers of review and 26
members, two of whom are nominated by each
of the country's 13 regional councils, serving a
six-year term.
Nahas ANGULA
Min. of Education
David Namwandi
Uahehua HERUNGA
Min. of Finance
Saara KUUGONGELWAAMADHILA
Netumbo NANDI-NDAITWAH
Rosalia NGHINDINWA
Richard KAMWI
Pendukeni IIVULA-ITHANA
Joel KAAPANDA
Min. of Justice
Utoni NUJOMA
Doreen SIOKA
Alpheus NARUSEB
Isak KATAL
Albert KAWANA
Immanuel NGATJIZEKO
National government
Calle SCHLETTWEIN
Nickey IYAMBO
National elections
The last legislative and presidential elections
were held in November 2009.
The next
elections are due in November 2014.
Head of state
Jerry EKANDJO
Helmut ANGULA
Attorney Gen.
Pendukeni IIVULAITHANA
Tom ALWEENDO
Ambassador to the US
Patrick NANDAGO
AfDB
AU
FAO
G-77
IAEA
IBRD
ICAO
ICRM
IFAD
IFC
IFRCS
ILO
IMF
IMO
Interpol
IOC
IOM
IPU
ISO
ITSO
ITU
ITUC
MIGA
NAM
OPCW
SACU
SADC
UN
UNAMID
UNCTAD
UNESCO
UNHCR
UNIDO
UNISFA
UNMIL
UNMISS
UNOCI
UNWTO
UPU
WCO
WHO
WIPO
WMO
WTO
10
Transport and
Communications
5.1
Railways
5.2
Roads
5.3
Ports
11
5.4
Air transport
5.5
Telecommunications
12
Investing in
Namibia
Index/ranking
Year
Score
TI Corruption Index
2011
2011
2012
78 of 183
2009
0.55 (90%)
2009
0.59 (73%)
2009
0.64 (87%)
2009
1.3 (75%)
2009
88.4 (100%)
2009
0.18 (67%)
2009
0.928 (34%)
2009
0.571 (13%)
2009
78.16 (29%)
6.1
13
6.2
Foreign ownership
restrictions
6.3
Government tenders
Government
transactions,
including
the
procurement of goods and services, are to be
coordinated through the Tender Board of
Namibia
(http://www.mof.gov.na/tender.htm).
6.4
Independent ratings on
Namibias investment climate
14
6.5
6.6
6.7
15
6.8
Expropriation and
compensation
6.9
Dispute settlement
16
6.10
Performance
requirements/incentives
Medicines
Chemicals
Frozen and chilled fish
Meat including game
Live animals
Genetic materials
Pornographic materials
Controlled agronomic products
Controlled petroleum products
Firearms and explosives
Diamonds
Coins
Gold, and other minerals
17
6.11
Black economic
empowerment and
affirmative action
The
government
actively
encourages
partnerships with historically disadvantaged
Namibians. Although the Government does not
have a codified Black Economic Empowerment
(BEE) program, the Ministry of Labour and Social
Welfares Equity Commission requires all firms
to develop an affirmative action plan for
management positions and to report annually on
its implementation.
In November 2011, the Prime Minister tabled
the New Equitable Economic Empowerment
Framework which aims to create conditions in
which the distribution of income becomes far
6.12
Work permits
6.13
6.14
Real Estate
18
6.15
6.16
Transparency of the
regulatory system
Expanded
opportunities
for
participation in world markets
Namibian
19
6.17
20
6.18
(Airport
management company)
(Water
sanitation
and
(Fixed-line
telecommunications)
and
21
6.19
Corporate social
responsibility
6.20
Political violence
6.21
Corruption
22
6.22
Bilateral investment
agreements
6.23
Labour
6.24
23
6.25
FDI as Percent
FDI as of Gross Fixed
Percent of
Capital
GDP
Formation
Year
USD
(Millions)
2007
733
43.6
35.3
2008
720
39.3
33.3
2009
516
33.6
24.5
2010
858
44.6
32.2
2007
2008
2009
2010 (P)*
2011
Q1-Q3 (P)*
Total
2618
5164
5951
4376
5865
7031
Equity capital
2948
3952
2622
275
66
145
Reinvested earnings
1019
1318
1115
1327
3555
3237
Other capital
-1349
-106
2213
2774
2244
3649
244
-468
2218
2723
2012
2541
-1594
362
-5
52
232
21
24
6.26
Setting up a company
The table below represents the steps required to open a business in Namibia. It also indicated the
time involved as well as the associated costs.
No
Procedure
Time to complete
Associated costs
1.
18 days
Included in cost of
registration
2.
1 day
NAD 270
3.
14 days
4.
1 day
No charge
5.
1 day
No charge
6.
1 day
7.
8.
9.
10.
No charge
No charge
25
Country Risk
EcoBanking
nomic
Sovereign Currency sector
Political structure Country
risk
risk
risk
risk
risk
risk
Aug
2013 BBB
BBB
BBB
BBB
BBB
BBB
Ratings
(AAA=least risky, D=most risky)
7.1
Sovereign risk
7.2
Currency risk
7.3
7.4
Political risk
7.5
26
8.1
Country
Outlook for
20122016
Political stability
8.2
Election watch
8.3
International relations
8.4
Policy trends
27
8.5
Economic growth
28
8.6
Inflation
8.7
Exchange rates
8.8
External sector
29
30
Appendix 1
Sources of information
31
Contact us
Robert Grant
Tel +264 61 387 500
Email robertgrant@kpmg.com
www.kpmg.com
2014 KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP
and a member firm of the KPMG network of independent member firms affiliated with
KPMG International Cooperative, a Swiss entity. All rights reserved.
The information contained herein is of a general nature and is not intended to address the
circumstances of any particular individual or entity. Although we endeavour to provide
accurate and timely information, there can be no guarantee that such information is
accurate as of the date it is received or that it will continue to be accurate in the future. No
one should act on such information without appropriate professional advice after a thorough
examination of the particular situation.
The KPMG name, logo and cutting through complexity are registered trademarks or
trademarks of KPMG International Cooperative (KPMG International).