Namibia has a population of 2.5 million, and growing at 20% over the next 10 years, will reach 3 million. In 2019, Namibia had a GDP of $14 billion or equal to slightly over $5,800 per capita. Namibia’s economy depends heavily on fishing, tourism and its mineral resources. It is the fourth-largest producer of Uranium in the world.
Power and Water
Namibia aims to generate more of its electricity locally to give a boost to its mining and construction sector. We predict Namibia will require an additional electricity capacity of 15 megawatts by 2030 to meet the demand of the economy and its population.
Namibia is the driest country in Sub-Sahara Africa. ABiQ estimates Namibia will require 30 million cubic metres of additional potable water per annum by 2030. The government has a mandate to provide 100% water access to its population and support its economic activities.
There will be an additional 45,000 square meters of retail space required in the coming 10 years as the economy is recovering gradually from the impact of COVID-19 and a recession.
As part of the national health policy framework, Namibia aims to become a healthy nation. It currently has only one ‘A-class’ hospital and aims to build more of them. ABiQ predicts that the country will need 3 additional hospitals across the country by 2030.
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|Population in 2020||2.5 million|
|Population by 2030||3.0 million|
|Population growth from 2020 to 2030||20 %|
|GDP 2019||$ 14 bn|
|Electricity Capacity required by 2030||15 MW|
|Additional Potable Water required per annum by 2030||30 million m3|
|Additional retail by 2030||45,000 m2|
|New Hospitals required by 2030||3|