Know Before You Go

Exchange Rate

In 2024, the $1 USD has ranged between $17-19 Namibian dollars.

Average Home Price

According to the FNB House Price Index, the average national house price in Namibia was N$1,214,674 in the fourth quarter of 2023. About $68,850 USD.

The lending rate for mortgages in Namibia ranges between 11-12%, but non-residents may be required to put 50% down to obtain a mortgage.

Average Mortgage Loan Rate

Real Estate: A Prime Investment Opportunity

Namibia’s real estate market is booming, especially in urban centers like Windhoek and coastal cities like Swakopmund and Walvis Bay. Investors have a range of options from residential and commercial real estate to tourism-driven developments. The country’s expanding middle class and demand for housing make it a prime target for property investments.

Sectors with Long-Term Growth Potential

• Mining and Natural Resources: Namibia is rich in diamonds, uranium, and other minerals. The mining sector accounts for 10% of the country’s GDP and continues to attract global companies. New projects in renewable energy are opening doors for investors looking at green energy development.

• Agriculture: With vast arable land and a climate favorable for livestock and crop production, Namibia offers great opportunities in agribusiness, particularly in cattle farming, horticulture, and aquaculture.

• Tourism: Namibia’s unique landscapes and abundant wildlife make it a top tourism destination. Investment opportunities include eco-tourism lodges, adventure travel services, and high-end resorts catering to international tourists.

• Energy: With increasing demand for sustainable energy solutions, Namibia is focusing on renewable energy projects, particularly solar and wind. Investors interested in the green energy sector will find lucrative opportunities here.

Opportunities exist in other areas, such as education, retail, wellness, real estate and more.

The NIPDB (Namiba Investment Promotion and Development Board) provides an investment guide with details regarding business registration, top industries, pay rates, laws, taxes, and visa requirements.

https://www.theiguides.org/public-docs/guides/namibia

Raising a Family in Namibia

Namibia is an excellent place for families, offering a safe and welcoming environment. The country boasts a high safety index, ranking as one of the safest in Africa, with low crime rates in many of its cities. Namibia’s education system includes both public and private institutions, with literacy rates around 92%, and the availability of internationally recognized schools in major urban areas like Windhoek and Swakopmund. Families will also benefit from a young, dynamic population—over 60% of Namibians are under the age of 30, creating a vibrant, youthful community ideal for children to connect with peers and engage in extracurricular activities.

Private School Tuition - N$48,000-$150,000 ($2,786-$8,709 USD) annually

Homeshool parents in Namibia often use Cambrilearn by Cambridge

Invest in Namibia

Visa and Residency Options

Namibia offers several pathways for investors to establish long-term residency. Through the Namibia Investment Promotion Act, foreign investors can apply for business visas, permanent residence permits, or work permits, depending on the nature and scale of their investments. Shofar Business Consultants will assist you in navigating these legal processes, ensuring your transition to living and working in Namibia is seamless.

How Shofar Business Consultants Can Help

At Shofar Business Consultants, we connect investors with lucrative opportunities in Namibia. We provide expert advice on:

• Identifying high-potential investments in real estate, agriculture, mining, energy, and tourism

• Navigating local laws, regulations, and tax incentives

• Securing visas and residency permits for long-term investments

• Building partnerships with local entrepreneurs and government entities

Contact us today to discover how you can be part of Namibia’s growth story and unlock opportunities in one of Africa’s most promising investment landscapes. Reach out to team@shofarbc.com.

Frequently asked questions

Is healthcare expensive in Namibia?

Healthcare in Namibia is much less expensive than in the United States. The price of a 3-day hospital stay in the USA is between $12,000 and $30,000. A Namibian private hospital averages around $4,264 Namibian dollars, or about $243 USD. For citizens of Namibia, the cost of healthcare can be as low as $7 per day at government hospitals, which are funded by taxes.

Does health insurance cover non-citizens?

In Namibia, health insurance is called medical aid. There are two medical aid options that cover non-citizens.

NMC and NHP offer plans with rates from $250 to $700 USD.

Where do people get phone service?

The main mobile operators in Namibia are MTC Namibia, Telecom Namibia, and Paratus. Each provider offers a range of prepaid plans and reliable network coverage. Sim cards and phones are sold at the Hosea Kutea International airport as well as the local malls in Windhoek.

Can I get things delivered like Instacart?

If you're in need of delivery of various items while traveling, contact iShopping or PicknPay.

What malls are in Windhoek?

Mauera Mall, Wernhill Mall, and Grove Mall.

What banks are available?

• Bank Windhoek Limited

• First National Bank Namibia Limited

• Nedbank Namibia Limited

• Standard Bank Namibia Limited

• Trustco Bank Namibia Limited

• Banco Atlantico

• Bank BIC Namibia Limited

• Letshego Bank Namibia Limited

To open a bank account in Namibia, you may need:

• Valid passport, or birth certificate

• Proof of income (payslip) if you are fully employed

Are mosquitos a problem?

Mosquitos are prevalent in Namibia and in Windhoek. It's a great idea to pack a mosquito spray. Many people buy Peaceful sleep, which can be sprayed in a room before bedtime to kill mosquitos in the space. A little spray and 30 minute wait leaves the room mosquito free.

Do people tip?

Tipping culture is very different from that of the USA. Tips are not always expected, but there are many times tips are valued. Wait staff should be tipped and about 10% is reasonable. Gas station attendants can be tipped about $5 Namibian dollars for window washing. Parking lot attendants will often ask to watch the vehicle for a tip, which could range from $5-$20 or more depending on how long the car was left.