Namibia’s GDP is largely driven by government and parastatal spending, as well as mining activities focused mainly on diamonds and uranium. Growth has remained robust at around the 5% mark, despite volatile commodities prices.
Namibia at a glance

The Namibian economy is closely linked to South Africa with the Namibian dollar pegged to the South African rand. Inflation and interest rates also move closely in line with South Africa. The country faces challenges in overcoming poverty, high unemployment and inequality.

Quick view:

  • Population: 2 200 000
  • Nominal GDP: USD13.5 billion
  • Real GDP growth: 5.0%
  • CPI: 3.5%

* 2015 forecast

Sector expertise in Namibia

In power and infrastructure projects, we leverage our distinct advantage of having a local and international presence to service the needs of our clients. For example, we are able to service Chinese contractors and their funders both locally and in China.

Read more about Standard Bank Group’s sector specialism.

Products and services in Namibia

We offer a broad range of products and services to meet our clients’ needs, including corporate advisory services and transactional services such as cash management, trade-related and custodial services. These are complemented by our leading electronic banking solutions. We provide finance such as term lending, structured debt and asset finance, and structured trade and commodity finance, in addition to also offering trading and risk management solutions for foreign exchange, money markets and interest rates.

We have a long history in the country and remain at the forefront of driving new products and services into the market. We make it our business to understand the evolving needs of our clients and service them locally. Where necessary, we bring in the support of expert skills from the group to provide tailored solutions for our clients.

Read more about corporate and investment banking solutions for your business.

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Standard Bank Namibia Limited

Standard Bank Centre
Cnr Werner List Street & Post Street Mall

  +264 61 294 2390


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