Direct investment into Namibia declined from N$6.1 billion in 2017 to N$2.6 billion at the end of 2018.
This shocking downward trend in the countries investment inflow is on the back of Foreign nationals reducing their equity holdings in Namibian companies in the communications sector.
According the Bank of Namibia’s annual report released on 2 April, the decline in Foreign Direct Investments has set forth regulations that prompt local companies to increase their equity in the local economy.
BoN further stated that the stock of FDI liabilities showed that China, South Africa and Mauritius collectively accounted for 77.8% at the end of 2018, compared to 80.3% registered in the preceding year.
“The reduction in share of FDI for these countries is a result of repayments of debt by some of the companies in the mining sector. In contrast the United Kingdom, Luxemburg and India recorded an increase in their percentage of shares of FDI liabilities during the period under review.”