Namibia Investment Promotion and Development Board

The Namibia Investment Promotion and Development Board, abbreviated NIPDB, was established under the Namibia Investment Promotion Act and is led by a Board of Directors chaired by the President of the Republic of Namibia, reflecting the highest level of government commitment to investment attraction. Headquartered in Windhoek, NIPDB's Chief Executive Officer reports to the board and the agency works closely with line ministries and state-owned enterprises to address investor needs. Namibia attracted major investment commitments following the 2022 discovery of commercially viable offshore oil and gas reserves in the Orange Basin by TotalEnergies and Shell, with exploration and development activities expected to bring billions of dollars in capital investment. The country's flagship Hyphen Hydrogen Energy project, a ten billion dollar green hydrogen initiative in the Tsau Khaeb National Park near Luderitz, aims to produce three hundred thousand tonnes of green ammonia annually for export to Europe by 2026. NIPDB targets specific sectors including oil and gas services, green hydrogen and ammonia, lithium and rare earth mining, automotive component manufacturing leveraging the Democratic Republic of Congo cobalt supply chain, and specialized logistics at Walvis Bay port for transatlantic trade.