IJG Daily Valuation 3 November 2026
IJG Research
Read the researchExcel of IJG Daily Valuation 3 November 2026
IJG Research Hub · Namibia
Namibia, in context
Sourced facts on the country, its sectors and its listed companies, each with its source and the date it was checked.
Private sector credit (total claims, N$ million)
127,101.4 N$ million
Up 1,956.6 N$ million from Jul 2026
Aug 2026
Source: Bank of Namibia, as of 31 Aug 2026. NA-PSCE-TOTAL
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The Daily, 3 November 2026
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Namibia in numbers
The country at a glance
Namibia prime lending rate
10.25 %
Sep 2026
Source: Bank of Namibia, as of 30 Sep 2026
Namibian consumer price inflation
5.4 %
Sep 2026
NSX listed securities
65 securities
Register checked 27 Oct 2026
Source: the Equity register on this site. Browse Equity
Source: Bank of Namibia, as of 30 Sep 2026. Source: Namibia Statistics Agency and StatsSA, as of 30 Sep 2026.
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Sectors
Research and listings by sector
The story of each sector, with its regulators, companies and key events.
- AgricultureNamibia is the most arid country south of the Sahara Desert with low average and highly variable rainfall. Drought is always a possibility and the lack of water is an ever-present constraint in most parts of the country. This climate means that the potential for arable agriculture is generally limited to the north of the country where water is less scarce. In the central regions agricultural potential is confined mainly to livestock farming while in the more arid south only extensive livestock farming is possible without irrigation. To this harsh environment come the additional challenges associated with climate change.
- FishingNamibia has one of the most productive fishing grounds in the world, located in the central region of the Benguela system with a coastline stretching for 1,572 kilometres from the Orange River in the south to the Kunene River in the north. The Benguela current system is one of four eastern boundary upwelling systems in the world and directly influences the productivity of Namibia’s waters. South easterly winds drive coastal upwelling, forming the Benguela Upwelling system. The cold nutrient-rich waters that upwell from around 200-300 metre depths fuel high rates of phytoplankton growth and sustain the productive Benguela ecosystem. As a result, waters within Namibia’s 200 nautical mile Exclusive Economic Zone are characterised by a high degree of biological productivity. Thanks to these conditions Namibia ranked as the fifth largest African capture fisheries nation by tonnage in 2016 after Morocco, Nigeria, South Africa and Mauritania and 36th in the world according to the most recent data from the World Bank with marine landings averaging about 475,000 tonnes.
- MiningIt is no exaggeration to say that Namibia’s economy has been built on its mining industry. According to Dr Gabriella Schneider’s history of mining in Namibia, the oldest written accounts of Namibia’s mineral resources can be found in the diaries of Hendrik Hop who travelled to southern Namibia as early as 1761. In 1790 Wilhelmus van Reenen arrived at modern-day Rehoboth and found copper and gold. The Walvisch Bay Mining Company established a copper mining operation at Matchless Mine west of Windhoek in 1856. However, Namibia only really established itself on the global mining stage following the commencement of copper mining in the Otavi mountains by the Otavi Minen und Eisenbahn Gesellschaft in 1906 which was followed by the spectacular discovery of diamonds at Kolmanskop near Lüderitz on the southern coast in 1908. Since then, Namibia has gone on to become a major producer of diamonds and uranium and also produces gold, copper, zinc, and lead as well as a range of industrial minerals and dimension stone. In 2024 Namibia was the sixth largest producer of diamonds by value and the third largest producer of uranium by volume. The industry is dominated by large mining companies and has only a very small artisanal mining sector.
- DiamondsDiamond mining has formed an extremely important part of Namibia’s economy ever since the discovery of the first gem quality diamonds near Kolmanskop in 1908. Over the past decades Namibia has ranked as one of the top ten diamond mining producing countries in the world with the highest value per carat by a wide margin. According to figures produced by the Kimberley Process, in 2025 Namibia was the eighth largest rough diamond producing country in the world by carats and the fifth largest by value. When measured by average value, the quality of Namibia’s rough diamonds is exceptionally high compared to other countries.
- ManufacturingHistorically, Namibia’s small domestic market and membership of the Southern African Customs Union, which means it is fully exposed to South Africa’s larger and better established manufacturing industry, has pointed to the need for special measures to be taken to stimulate the domestic manufacturing sector. Over the years a variety of measures have been adopted to compensate for this with varying degrees of success.
- ConstructionNamibia’s construction sector consists of a wide range of companies from small informal one-person operations to large multi-national companies. In principle, barriers to entry are low and the sector is open to competition from outside Namibia. The industry is focused on meeting domestic demand and therefore dependent on levels of private and public investment in buildings and construction work. Given the disproportionate size of Namibia’s public sector, the industry is highly dependent on central, regional, and local government as well as the large public enterprise sector for business. This means the state of the public finances are an important driver of demand and the efficiency and fairness of the public tendering process critical in determining which companies get which contracts.
- ElectricityHistorically, Namibia has depended on importing electricity from South Africa and the Southern African Power Pool (SAPP) given domestic generating capacity has been limited to the Ruacana hydroelectric power station in the north-west, the Van Eck coal-fired power station in Windhoek, and the Anixas and Paratus diesel power stations at Walvis Bay. Following the adoption of the Renewable Feed-In Tariff programme (REFIT) in 2015, these generating sources have been supplemented by 14 Independent Power Producers (IPPs) all but one of which are based on solar PV with one (in Lüderitz) based on wind. However, despite these additions, Namibia remains highly dependent on imported electricity from South Africa, Zambia, Zimbabwe, countries which themselves are facing shortages of generating capacity.
- WaterNamibia is the most arid country south of the Sahara and a large part of its population is engaged in agriculture. Water is therefore always a challenge and also a highly political issue. This is exacerbated due to the fact that much of the population is concentrated in areas far from where sufficient water is naturally available. Many farmers use their own boreholes as their main source of water supply.
Equity snapshot
NSX listings
Every NSX-listed company by sector. Where NSX permits it, a company shows its last traded price and the date it last traded.
| Ticker | Name | Sector |
|---|---|---|
| AGR | Agra Limited | Agriculture |
| SBF | Savanna Beef Processors Ltd | Agriculture |
| OCG | Oceana Group | Fishing |
| ATM | Andrada Mining | Mining |
| ANM | Anglo American | Mining |
| AAE | Asarian Energy | Mining |
Last traded prices are added here once IJG publishes an NSX price list.
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