Namibia ranks 14th for African investment
The RMB report highlights stable democracy and low corruption as strengths, but import dependence remains a constraint.
Namibia secured the 14th position in the 2026/27 RMB Where to Invest in Africa report, with its personal freedom score ranking second among 31 African markets assessed. The report cited stable democratic institutions, low perceived corruption, and strong personal freedom as factors contributing to Namibia’s investment resilience.
However, the report identified import dependence and deep income inequality as significant constraints on Namibia’s investment prospects. Isaah Mhlanga, chief economist at RMB, noted that while strong institutions provide a foundation, Namibia remains exposed through concentrated exports and reliance on imports.
Namibia’s investment future hinges on its ability to commercialise offshore hydrocarbon discoveries in the Orange Basin. These discoveries offer potential for new investment and economic activity, but their successful development depends on moving beyond diamonds and uranium to diversify the production base and broaden government revenue.
Why it mattersNamibia's investment prospects are directly affected by its ranking and the report's analysis of its economic strengths and weaknesses.