For our Business plan, we have identified five strategic priorities to guide our response to the economic opportunities we face, and to ensure we allocate resources where we know we can have the greatest impact on Namibia’s economy. These are:
- Renewable energy – this is a significant transformational opportunity for Namibia which will also play an essential role in supporting the transition to a low carbon economy. We will continue to focus our investment where there is clear market potential, based on existing competitive advantage.
- Growth companies – in order to drive economic prosperity and employment, we will continue to prioritise our support to companies in Namibia with the strongest growth ambitions. Our support will be increasingly tailored to help companies achieve scale, stimulate trade in overseas markets and help build the competitiveness, which can support growth in Namibia’s key sectors.
- Innovation – company and sector innovation is a key driver of productivity and competitiveness. We will take a more integrated approach to stimulating innovation, knowledge transfers and commercialisation, with a focus on getting more new products and services into global markets.
- Low carbon – we plan to improve resource efficiency and adopt new low carbon business models, which will help us to increase productivity and growth. We will also help sectors to identify and respond to new low carbon business opportunities as they emerge.
Our focus during 2019 - 2021
We know that the process through which organisations achieve high growth is complex. Key events or changes within a company often act as a trigger point to go through a period of rapid growth. This can include a change in ownership, an innovation or a major new product, the injection of new investment, major new orders, or a shift into new markets, particularly overseas. Therefore, our focus over the next three years will be:
- Leadership, tailoring our offer to high growth firms and recognising the role leadership and organisational development can have in driving positive change.
- More market-led innovation, where there are clearer routes to global markets and in response to sector opportunities.
- Increased international trade and investment in global markets where Namibian sectors and companies have greatest opportunities to export and attract investment and jobs to Namibia.
- Using business efficiency as a platform for building competitiveness and growth, helping to deliver Namibia’s low carbon opportunities.
- Increased exploitation of digital technologies to improve innovation, growth and competitiveness in partnership with Namibian government