The county’s GDP is US $ 13,43 billion and has a stable micro-economic environment, characterised by a moderate economic growth, averaging 4.2% since independence. The inflation rate has been in the region of 3.7% over the past 12 months.
Investment Climate and Capital Markets
An analysis of the Namibian Investment Climate reflects a system characterised by a sound and well-functioning set-up which is indeed sophisticated. The capital markets are made up of asset managers, stockbrokers, investment banks and the Namibian Stock Exchange.Despite all the above positives, the financial system is also characterised by a few notable weaknesses.
Namibia Stock Exchange (NSX)
Namibia boasts the second largest stock exchange in Africa in terms of market capitalisation (US $155 billion), The NSX comprises of the main board, the development capital board and listed bonds
Legal and Regulatory Environment
The Namibian legal system is characterised by legal pluralism. It is an amalgamation of Westminster-style constitutional law, Roman-Dutch common law, customary law and international law. Most of what constitutes the corpus of Namibian law is not codified and must be distilled from the evolving body of jurisprudence.
Government Institutions Pension Fund (GIPF), Namibia
The GIPF (‘the Fund’) is a defined contribution retirement fund in Namibia that offers retirement and related benefits to its members and beneficiaries. The active member count of the Fund stood at 94,397 and 31,764 annuitants as at March 2015. Its membership is drawn from government and quasi-government institutions’ employees.