Namibia’s economic profile
Namibia borders South Africa, Botswana, Zambia and Angola. Namibia is rich in mineral resources, including diamonds and uranium, has close economic linkages to South Africa and is a member of the Common Monetary Area (CMA) with Lesotho, Eswatini and South Africa.
Namibia is largely enjoying political stability and sound economic management. However, socio-economic inequalities inherited from the past apartheid system remain extremely high and structural constraints continue to limit employment creation. (Source: The World Bank)
TFSA sector work in Namibia
TFSA’s main focus in Namibia is on the aquaculture, and cosmetics and natural ingredients sectors. Production in both sectors is largely in rural areas and already has significant exports, though the high-end seafood sub-sector has suffered a significant setback as a result of COVID-related lockdowns in the region. Cosmetics and natural ingredients enjoy a high participation of women across the value chain, and both sectors have a high potential for unlocking further export opportunities through trade promotion, linkage to international buyers and assistance to improve compliance.
TFSA worked closely with the Namibia Network of Cosmetics Industry (NANCI) and the Namibian Standards Institute to reach producers in the cosmetic and natural ingredients sector. To meet the capacity-building needs of women operating outside of the priority two sectors, Akhoma Trading and Minori Skinfeilds were the delivery partners who supported 94 women-owned businesses complete the Export Trade Training programme.