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.
Unfortunately these natural resources, particularly diamonds and uranium, have been susceptible to exogenous influences in the form of demand or price shocks.