- Investment flows hit N$114.91bn over four years, led by hydrocarbons
- Report calls for local content strategies to maximise employment gains
Windhoek, Namibia – Namibia is reaping the first dividends of its energy frontier status. Foreign direct investment (FDI) inflows into the country reached N$114.91 billion (approximately $6 billion) over the past four years, according to a joint report released Wednesday by the Bank of Namibia and the Namibia Investment Promotion and Development Board (NIPDB). Over half of that capital—N$57.1 billion—was directed to the nascent oil and gas sector.
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