Namibia has risen one position up in the 2016-2017 Global Competitiveness Report of the World Economic Forum. The country is now ranked 84th, one position up from last year’s report. In Sub-Saharan Africa, Namibia is at number five after Mauritius, South Africa, Rwanda and Botswana, while in overall continental ranking Namibia is ranked sixth, with Morocco at number five. The other five countries that make the top ten are Kenya, Cote d’Ivoire, Gabon, Ethiopia and Cape Verde. A media release from the Institute of Public Policy Research, IPPR, describes the report as an annual assessment of the factors driving productivity and prosperity in 140 countries. The report indicates that Namibia ranks highly for its institutions at 39 infrastructure at 66, financial market development at 49 and labour market efficiency at 32. The country is rated poorly for its higher education at 110, education at 121, business sophistication at 83, technological readiness at 87 and market size at 113. Access to financing followed by an inadequately educated workforce and inefficient government bureaucracy are listed in the report as the most problematic factors for doing business in Namibia.
Sydney
29
℃
November 6, 2025
