The promotion of manufacturing activities, development of the agricultural sector, the fishing industry and tourism have been identified as having the most potential to provide impetus for the diversification strategy under the First National Development Plan. The government introduced specific measures targeted at promoting growth, development and job creation.
These measures included the enactment of the Foreign Direct Investment Act 1990, which provides generous tax breaks and other concessions to investors and the export processing zones (EPZ). A further measure is the disproportionate allocation of national expenditure to education and health. As we all know, Namibia is blessed with a significant supply of natural resources, such as diamonds, uranium, zinc and natural gas.