TABLE OF CONTENTS LIST OF FIGURES ............................................................................................................... 4 LIST OF TABLES ................................................................................................................. 5 COUNTRY FACT SHEET ..................................................................................................... 6 LIST OF ACRONYMS .......................................................................................................... 8 EXECUTIVE SUMMARY .................................................................................................... 11 1. INTRODUCTION AND BACKGROUND ...................................................................... 14 1.1 Introduction .......................................................................................................................... 14 1.2 Background ......................................................................................................................... 15 2. OVERVIEW OF NAMIBIA ........................................................................................... 17 2.1 Namibia Transport ................................................................................................................... 18 3. ECONOMIC OUTLOOK .............................................................................................. 21 3.1 Economy ................................................................................................................................... 21 3.2 Economic Structure ................................................................................................................. 22 3.2.1 Primary Sector .................................................................................................................. 23 3.2.2 Secondary Sector ............................................................................................................. 24 3.2.3 Tertiary Sector .................................................................................................................. 26 3.3 Credit Rating............................................................................................................................. 28 3.4 Macroeconomic Policy ............................................................................................................ 29 3.4.1 Fiscal Policy ...................................................................................................................... 29 3.4.2 Monetary policy ................................................................................................................. 29 3.5 Trade Environment .................................................................................................................. 31 3.5.1 Exports to key markets .................................................................................................... 32 3.5.2. Top export products ........................................................................................................ 33 3.5.3 Imports from key markets................................................................................................ 34 3.5.4 Top import products ......................................................................................................... 36 3.5.5 Trade with South Africa ................................................................................................... 37 3.5.6 Trade by Economic Regions .......................................................................................... 39 3.5.6 Trade by Mode of Transport ........................................................................................... 42 3.5.8 Trade by border post/office ............................................................................................. 44 3.5.9 Document Requirements for Importation and Exportation ......................................... 46 3.6 Trade Agreements ................................................................................................................... 47 3.7 Business Environment ............................................................................................................ 48 2 3.7.1 Global Competitiveness .................................................................................................. 48 3.7.2 The Legatum Prosperity Index ....................................................................................... 52 3.7.3 Ease of Doing Business .................................................................................................. 53 3.8 Regional Integration index ..................................................................................................... 60 4. ROAD TRANSPORT ENVIRONMENT ........................................................................ 65 4.1 Overview ................................................................................................................................... 65 4.2 Road Traffic Legislation .......................................................................................................... 66 4.2.1 Speed Limits ..................................................................................................................... 66 4.2.2 Traffic Fines ....................................................................................................................... 66 4.2.3 Vehicle Dimensions and Weights Restrictions ............................................................ 68 4.2.4 Border posts ...................................................................................................................... 70 4.2.5 Road User Charging System .......................................................................................... 72 4.2.6 Motor Vehicle Fund .......................................................................................................... 73 5. PASSENGER ROAD TRANSPORT ............................................................................ 76 5.1 Cross Border Road Transport Permits ................................................................................. 76 5.2 Tourist Market .......................................................................................................................... 76 5.3 Points of Entry .......................................................................................................................... 78 5.4 Mode of Travel ......................................................................................................................... 79 6. OPPORTUNITIES ........................................................................................................ 81 6.1 Mining sector ............................................................................................................................ 81 6.2 Fisheries .................................................................................................................................... 81 6.3 Manufacturing........................................................................................................................... 82 6.4 The Automotive sector ............................................................................................................ 84 6.5 Agriculture sector ..................................................................................................................... 85 6.6 Tourism sector ......................................................................................................................... 86 6.7 Logistics and Infrastructure .................................................................................................... 86 6.8 Information Communication Technology ............................................................................. 88 7. CONCLUSION ............................................................................................................. 90 8. CONTACT DETAILS OF RELEVANT AUTHORITIES ................................................ 92 9. REFERENCE ............................................................................................................... 93 3 LIST OF FIGURES Figure 1: Map of Namibia ................................................................................................................. 17 Figure 2: Districts of Namibia .......................................................................................................... 18 Figure 3: GDP Growth ...................................................................................................................... 22 Figure 4: GDP by Sector (Percentage of GDP) ............................................................................ 23 Figure 5: Primary Industries ............................................................................................................ 23 Figure 6: Secondary Industries ....................................................................................................... 26 Figure 7: Tertiary Industries ............................................................................................................. 27 Figure 8: Inflation Rate ..................................................................................................................... 31 Figure 9: Main export destinations .................................................................................................. 32 Figure 10: Top export products ......................................................................................................