Sep 20

NIPDB showcases investment opportunities at UN General Assembly

The Namibia Investment Promotion and Development Board is set to promote investment opportunities in Namibia on the margins of the United Nations General Assembly summit underway in New York to boost the inflow of foreign direct investment. NIDPB CEO Nangula Uaandja says as the largest source of FDI in the world, the USA is a key and untapped market for Namibia. Uaandja revealed that U.S. firms intending to set up in Namibia can benefit from up to 97% market access through the Africa Continental Free Trade Area, and the European Union where Namibia is granted duty-free and quota-free 100% market access through existing trade agreements.