“Growth at Home” is the theme chosen by the Ministry of Industrialization, Trade and SME Development to reinforce the importance of accelerating economic growth, reducing income inequality and increasing employment. MTI’s programmes are geared at removing supply side constraints, increase productive capacity, and increase the competitiveness of Namibian industry in the domestic, regional and international markets.
This Ministry is also responsible for promoting growth and development of the economy through the formulation and implementation of appropriate policies to attract investment, increase trade, develop and expand the country’s industrial base.
The main objectives of the Ministry are to develop and to diversify the Namibian economy towards an efficient and competitive level. The mandate of the Ministry is divided into four main programme areas as outlined below:
International Trade Development which is administered by the Directorate: International Trade in the Department of Trade and Commerce.
Industrial and Enterprise Development which is the responsibility of the Directorate: Industrial Development.
Investment Promotion and Facilitation which is the function of the Namibia Investment Centre. The centre which has been established in terms of the Foreign Investment Act (Act No. 24 of 1993 as amended). The Centre serves as the Namibia’s official investment promotion and facilitation agency and the first point of call for investors
The development of a vibrant and competitive domestic economy and market conditions function of the Ministry is administered by the Directorate: Commerce in the Department of Trade and Commerce
To be the leading Ministry in the drive towards industrialization, the realization of an export-driven economy and making Namibia a preferred FDI destination in order to achieve increased and sustainable economic benefits and employment for Namibians and international competitiveness.
To create an enabling environment for increased domestic and foreign direct investment, trade and industrial development, and to position and safeguard the interest of Namibia in the regional and global economy.