16 May 2025
Namibia Industrial Development Agency launches a five-year plan to boost job creation, operational efficiency, and sustainable partnerships in support of Vision 2030.
The Namibia Industrial Development Agency (NIDA) has set a target to create 35,000 jobs over the next five years as part of its efforts to drive the country’s industrialization agenda.
The commitment is outlined in NIDA’s newly developed Turnaround Integrated Strategic Business Plan (ISBP) 2025/26–2029/30 and Sustainable Business Model. According to NIDA Chief Executive Officer Richwell Lukonga, the agency has launched several initiatives to position itself to deliver on this mandate.
“Indeed our document has come to life including our recently held breakfast event that brought together various key stakeholders from institutions such as the various banks and financial organizations in Namibia and South Africa,” Lukonga said. “It served as a platform to present the newly developed Sustainable Business Model and Integrated Strategic Business Plan, whilst simultaneously highlighting the new investment opportunities that exist for possible partnerships. From said engagement, we have had many offers from institutions willing to partner and share same business objectives that align with our organizational mandates.
“This is one of the many initiatives we’re embarking on to ensure that our strategy does not gather dust,” he added.
The ISBP was developed by Ombu Capital with support from GIZ through the Ministry of Finance and Public Enterprises, while the Sustainable Business Model was developed by Monasa Advisory & Associates.
As part of its broader operational improvements, NIDA has also increased efforts to collect rentals from key entities across the country. The agency aims to become self-sustainable, using its various entities to re-evaluate its objectives with a more strategic approach guided by the ISBP.
According to NIDA Chief Financial Officer Julius Nghikevali, the agency’s immediate goal is to help government meet its job creation targets within three years.
“The ISBP is a defining moment for NIDA, as it lays out the Agency’s trajectory over the next five years,” he said. “The ISBP is not merely a document but a commitment to transformation, a deliberate roadmap that will guide NIDA’s efforts in strengthening its institutional capacity, enhancing operational efficiency, and driving industrialization that forms part of the last stretch to assist the government in achieving Vision 2030. We look forward to sharing these milestones to the public, which is a critical stakeholder, to be held accountable and transparent which is a value we have always lived by.”
NIDA has launched an educational awareness campaign to highlight significant milestones and reinforce transparency and accountability across its operations.