The Offshore Development Company (ODC), a product of an Act of Parliament, the Export Processing Zone Act, 1995, is the flagship of Namibia's Export Processing Zones (EPZs) regime.

The ODC is charged with the monitoring, regulation and promotion of Namibia's EPZ as a vehicle for export-led industrialisation of the national economy. The regime offers highly competitive fiscal and non-fiscal incentives to investors engaged in manufacturing and other value-adding economic activities.

The ODC, either singularly or in collaboration with the Namibia Investment Centre (NIC), performs the following functions for the benefit of investors and in furtherance of Namibia’s economic development objectives:

• Monitoring and regulation of the EPZ regime, nationwide.
• Management of the EPZ Secretariat which processes investors’ applications for EPZ status.
• Promotion of investments into the EPZ regime and the general economy.
• Provision of access to first class immigration facilitation and programme co-ordination to foreign investors.
• Dissemination of information on the domestic economy and business environment, including potential investment projects, to investors.
• Development and leasing of industrial parks for export-oriented economic activities.
• Management of investment funds for the benefit of local entrepreneurs.
• Co-ordination of Namibia’s offshore financial services initiative.
• Provision of technical support to the Ministry of Trade and Industry.

The ODC is charged with the monitoring, regulation and promotion of Namibia's EPZ as a vehicle for export-led industrialisation of the national economy. The regime offers highly competitive fiscal and non-fiscal incentives to investors engaged in manufacturing and other value-adding economic activities.

The ODC is charged with the monitoring, regulation and promotion of Namibia's EPZ as a vehicle for export-led industrialisation of the national economy. The regime offers highly competitive fiscal and non-fiscal incentives to investors engaged in manufacturing and other value-adding economic activities.

Current investors in the regime originate from diverse countries some of which are Germany, USA, China, South Africa, UK, Saudi Arabia as well as Namibia.

Besides EPZ management, Government has also assigned the ODC the task of managing two lines of credit (LOCs) worth some N$66 million.

• The first, worth some N$36 million, from the Eximbank of China is intended for on-lending purposes to the Northern Tannery Project.
• The second LOC, worth some N$30 million, from the Eximbank of India, is intended for on-lending purposes to local private entrepreneurs interested in sourcing Indian technology at relatively cheap finance costs.

Benefits of loans under the Eximbank of India LOC, include:

• Low interest rates
• Grace period of 10 to 20 months.
• Repayment period of 2.5 to 3.5 years.
• Easy access to latest Indian technology.
• Easy access to technical support and services.
• Facility freight and insurance cover.
• Minimum loan of N$300,000.
• Maximum loan of N$6 million.