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Country risk report · Africa

Namibia

Political RiskLow
Operational RiskMedium
Security RiskLow

Summary

Namibia, located in southern Africa, is renowned for its breathtaking landscapes, including the Namib Desert, one of the world’s oldest deserts, and the Etosha National Park, a significant wildlife reserve. The country shares borders with Angola and Zambia to the north, Botswana to the east, South Africa to the south, and the Atlantic Ocean to the west. Despite being geographically vast, Namibia has a population of approximately 2.7 million (2024 estimate), making it one of the least densely populated countries globally. This sparse population distribution results in challenges related to infrastructure development and service delivery. Windhoek, the capital city, is the economic, political, and cultural hub of Namibia. The country’s economy is heavily reliant on mining, which contributes about 10% of GDP and accounts for over 50% of export earnings. Namibia is a major global producer of uranium and diamonds, with other key mineral exports including zinc, gold, and copper. In addition to mining, agriculture (focused on livestock and fisheries) and tourism are significant contributors to the economy. Tourism capitalizes on Namibia’s natural beauty, drawing visitors to its deserts, national parks, and cultural heritage sites. Despite being classified as an upper-middle-income country, Namibia faces several economic challenges, including high unemployment rates (estimated at 33%), significant income inequality, and overreliance on commodity exports. These issues have spurred government efforts to diversify the economy, focusing on renewable energy, value-added manufacturing, and technology sectors. Namibia is a member of the Southern African Development Community (SADC) and the Southern African Customs Union (SACU), benefiting from regional trade and economic integration.
Capital
Windhoek
Population
2.7 million (2024 estimate)
Official Language
English (widely spoken alongside Afrikaans, Oshiwambo, and other indigenous languages)
Currency
Namibian Dollar (NAD), pegged to the South African Rand
Key Industries
Mining (diamonds, uranium, zinc), agriculture (livestock, fisheries), tourism, renewable energy, manufacturing
GDP
$13 billion (2023 estimate)
GDP Growth
2.7% (2023 estimate)

Table of contents

  1. Namibia | Overview
  2. Political Risk Summary
  3. Political Stability
  4. Regulatory Risk
  5. Contract Enforcement
  6. Integrity and Corruption
  7. Sovereign Risk
  8. Operational Risk Summary
  9. Institutional Risk
  10. Infrastructure Risk
  11. Labour Risk
  12. Security Risk Summary
  13. Crime Risk
  14. Terrorism Risk
  15. War Risk
  16. Civil Unrest
  17. Kidnap Risk

Risk levels in the report

From the report’s summary page. The full report explains each level and lists the key concerns behind it.

  • Very Low
  • Low
  • Medium
  • High
  • Very High
Risk levels by category and subcategory
CategoryRisk level
Political RiskLow
Political StabilityLow
Regulatory RiskLow
Contract EnforcementMedium
Integrity and CorruptionMedium
Sovereign RiskMedium
Operational RiskMedium
Institutional RiskMedium
Infrastructure RiskMedium
Labour RiskLow
Security RiskLow
CrimeLow
TerrorismVery Low
War RiskVery Low
Civil UnrestLow
Kidnap RiskVery Low

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Anton Arnesen — Group Compliance Officer, Multiconsult Group