Namibia Infrastructure Report - Business Monitor International - Industry Reports

Namibia Infrastructure Report

Namibia Infrastructure Report - Business Monitor International - Industry Reports
Namibia Infrastructure Report
Published Aug 27, 2016
38 pages — Published Aug 27, 2016
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Abstract:

� Business Monitor International Ltd Page - the budget - which is already in the red as the low commodities outlook limits revenues - the government is eager to improve the overall ease of doing business in the country and facilitate trade flows within the Southern African Development Community (SADC). It has introduced the Harambee Prosperity Plan (HPP) which outlines several key projects to be fast-tracked between ---- and ----, to allow for flexibility in the plans outlined in its longer-term National Development Plan IV, which is supported by the Medium Term Expenditure Framework. ...� Business Monitor International Ltd Page - the budget - which is already in the red as the low commodities outlook limits revenues - the government is eager to improve the overall ease of doing business in the country and facilitate trade flows within the Southern African Development Community (SADC). It has introduced the Harambee Prosperity Plan (HPP) which outlines several key projects to be fast-tracked between ---- and ----, to allow for flexibility in the plans outlined in its longer-term National Development Plan IV, which is supported by the Medium Term Expenditure Framework. We are forecasting an annual average of -.- in real terms between ---- and ----. ...Namibia has typically struggled to attract substantial foreign direct investment inflows, with the small size of the construction market - estimated at USD---mmn in ---- and only higher than Mozambique in Sub-Saharan Africa - limiting the rewards on offer for investors. A dispersed and relatively unskilled labour force, high levels of red tape and an underdeveloped financial market have also been chief deterrents in foreign participation in Namibia s construction industry.

...We continue to forecast --.- real growth in ---- as the government directs substantial spending - around -- of total non-interest expenditure of the FY----/-- budget - towards infrastructure development, particularly in the transport and utilities sectors to improve the overall ease of doing business in the country. � The Namibian government is eager to harness the public-private partnership (PPP) model to encourage much-needed private investment into its construction industry. ...The low commodity price and political indecision around the development of the sector are key deterrents to investors. � Growing private interest in Namibia s real estate sector, particularly in the coastal towns of Swakopmund and Walvis Bay as popular tourist destinations, will be key to supporting industry growth over our forecast period. � We forecast an annual average growth rate of -.- in real terms over our full forecast period between ---- and ----. ...� We forecast an annual average growth rate of -.- in real terms over our full forecast period between ---- and ----. Nominal industry value is expected to rise from an estimated USD---mn in ---- to

...From ---- we expect growth to slow as the government struggles to attract investment into its big-ticket projects. While the budget deficit will enter a surplus from ----, allowing for increased expenditure into infrastructure development, major projects require significant injections of capital and industry expertise to move forward. ...

  
Source:
Document ID
2050-2818
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Namibia Infrastructure Report" Aug 27, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Namibia-Infrastructure-Report-2026-1386>
  
APA:
Business Monitor International - Industry Reports. (2016). Namibia Infrastructure Report Aug 27, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Namibia-Infrastructure-Report-2026-1386>
  
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