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Namibia Real Estate

We offer Namibia real estate investment information for Windhoek, Luderitz, Walvis Bay and Swakopmund. Scroll down for more information about Namibia.

Real Estate For Sale In Namibia

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About Namibia

Namibia Population: 1,954,033 (July 2004 est.)
Languages: English 7% (official), Afrikaans common language of most of the population and about 60% of the white population, German 32%, indigenous languages: Oshivambo, Herero, Nama.
Capital: Windhoek
Government Type: Republic
Independence Day: 25 June 1975 (from Portugal)
Legal System: Based on Roman-Dutch law and 1990 constitution.
Currency: Namibian dollar (NAD); South African rand (ZAR)

Executive Branch:

Chief of State: President Sam Shafishuna NUJOMA (since 21 March 1990).

Head of Government: Prime Minister Theo-Ben GURIRAB (since 28 August 2002) cabinet: Cabinet appointed by the president from among the members of the National Assembly.

American Embassy: Ausplan Building, 14 Lossen Street, Windhoek
Mailing Address: Private Bag 12029 Ausspannplatz, Windhoek
Telephone: [264] (61) 221601 FAX: [264] (61) 229792

General Overview: South Africa occupied the German colony of South-West Africa during World War I and administered it as a mandate until after World War II, when it annexed the territory. In 1966 the Marxist South-West Africa People's Organization (SWAPO) guerrilla group launched a war of independence for the area that was soon named Namibia, but it was not until 1988 that South Africa agreed to end its administration in accordance with a UN peace plan for the entire region. Independence came in 1990 following multi-party elections and the establishment of a constitution. President NUJOMA is currently serving his third term as president.

Economic Overview: The economy is heavily dependent on the extraction and processing of minerals for export. Mining accounts for 20% of GDP. Rich alluvial diamond deposits make Namibia a primary source for gem-quality diamonds. Namibia is the fourth-largest exporter of nonfuel minerals in Africa, the world's fifth-largest producer of uranium, and the producer of large quantities of lead, zinc, tin, silver, and tungsten. The mining sector employs only about 3% of the population while about half of the population depends on subsistence agriculture for its livelihood. Namibia normally imports about 50% of its cereal requirements; in drought years food shortages are a major problem in rural areas. A high per capita GDP, relative to the region, hides the great inequality of income distribution; nearly one-third of Namibians had annual incomes of less than $1,400 in constant 1994 dollars, according to a 1993 study. The Namibian economy is closely linked to South Africa with the Namibian dollar pegged to the South African rand. Privatization of several enterprises in coming years may stimulate long-run foreign investment. Mining of zinc, copper, and silver and increased fish production led growth in 2003.

International Disputes: Commission established with Botswana to resolve small residual disputes along the Caprivi Strip, including the Situngu marshlands along the Linyanti River; Botswana residents protest Namibia's planned construction of the Okavango hydroelectric dam on Popa Falls; managed dispute with South Africa over the location of the boundary in the Orange River; Botswana, Namibia, Zambia, and Zimbabwe boundary convergence is not clearly defined or delimited; Angolan rebels and refugees still reside in Namibia.

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