NAMIBIA INVESTMENT CENTER - MIT
The Namibia Investment Centre (NIC)
The Namibia Investment Centre (NIC) is Namibia’s Investment Promotion Agency (IPA) operating as a department within the framework of the Ministry of Industrialisation and Trade, headed by a Deputy Executive Director. The NIC is the first port of call for local and foreign investors established in 1990 under the Foreign Investment Act No. 27 of 1990 (currently under review) with the major responsibility of promoting Foreign Direct Investment (FDI).
To market Namibia as the preferred investment location in the region by attracting and retaining both foreign and local investment.
• Market Namibia as a favourable investment destination
• Facilitate and create an enabling investment environment and regulatory framework
• Ensure that Namibia has a fair share of regional and global FDI flows
• Identify and encourage the attraction and growth of inward and outward domestic investment
The NIC comprises of three division each being headed by a Deputy Director, namely Investment Promotion, Projects and Incentives and Investor Services.