Namibia: NIPDB Realignment Part of Efforts to Drive Trade

The Namibia Investment Promotion and Development Board (NIPDB) has welcomed the strategic alignment by President Netumbo Nandi-Ndaitwah for it to resort under the Ministry of International Relations and Trade.

NIPDB's chief executive officer Nangula Uaandja, said the move is part of a broader effort to streamline government's economic development agenda and to enhance coordination across key institutions that drive investment, trade, and inclusive growth.

The NIPDB was established by former president Hage Geingob to streamline foreign and domestic investment to boost overall economic activity.

"While this institutional realignment signals a new chapter, the NIPDB retains its core mandate, leadership and operational priorities. We remain steadfast in our mission to serve Namibia and contribute towards solving our national challenges especially tackling the triple challenges of unemployment, inequality and poverty," Uaandja said.

In a media statement issued last week she added that the NIPDB further welcomes the President's assurance that the Namibia Investment Promotion and Facilitation Bill is being prioritised.

"The bill is a critical instrument that will enhance Namibia's competitiveness as an investment destination by enabling a predictable framework that governs both domestic and foreign investments,"Uaandja said, adding: "As we enter this transitional period, we assure our stakeholders that the NIPDB team remains focused and committed to serving and collaborating with you."

Some economists believe the NIPDB's integration into the trade ministry is a positive move that could support economic diplomacy.

Economist Klaus Schade said the move could align the efforts of both the NIPDB and the trade ministry more closely, thereby increasing efficiency. "However, the promotion of both domestic and foreign investment remains crucial for diversifying the economy and for creating much-needed employment," Schade stated.

Economist Joseph Sheehama pointed out that the NIPDB and the trade ministry form a significant strategic partnership that prioritises and attracts global corporations to invest in Namibia. "Nandi-Ndaitwah's decision to bring together the Ministry of International Relations and Trade and the NIPDB creates the potential to accelerate growth and development through synergy...This may ensure investment promotion operations are correctly focused to attract investments that fulfil national development goals," Sheehama said.

Read the original article on New Era.