According to the CIA World Factbook, the average gross national income per capita in Namibia was $6,500 in 2016. This means that, if you’re looking to live a comfortable life without having to worry about financial constraints, you’ll need to invest at least $60,000 in the country. That being said, if you’re interested in investing in Namibia for the long term, you’ll need to factor in the country’s high inflation rate, which averaged 10.2% between 2014 and 2016. This means that your investment could be worth less than it was a year or two ago.
So, before you make any long-term investments in Namibia, be sure to do your research
What are profitable business ventures in Namibia?
There are many profitable business ventures that can be pursued in Namibia. Some examples include tourism, agriculture, manufacturing, and retail.
Tourism is a growing industry in Namibia, and there are many places to visit. Some attractions include the Okavango Delta, the Outeniqua Mountains, Namibia’s wine country, and the Namib Naukluft National Park. Namibia is also a popular destination for safari trips.
Agriculture is another important sector in Namibia. The country has a variety of fertile land, and there is a growing demand for food. The government is investing heavily in the sector, and there are plans to increase production.
Manufacturing is another growing sector in Namibia. The country has several skilled workers, and there is a growing demand for manufactured goods. Some of the major manufacturers in Namibia include Toyota, BMW, and Bosch.