IT financing in Namibia is in the form of spending on construction of Information Technology infrastructure or upgrading of existing infrastructures.  There are no develop venture capital community, such as those find in a developed countries. 

   The stock market in Namibia list few than twenty companies as of 1998, most of these companies are mining, fishing, and financial companies.

   Namibia depends on foreign loans and aids to finance improvement of its information technology and telecommunications infrastructures.

   In 1995, the European Investment Bank (EIB), the European Union's (EU) long-term financing institution, provided ECU 65 million (approximately $77.35 million) for electricity and telecommunications projects in Namibia, approved under the provisions of the Lome Convention.  Of this amount, ECU10 million (approximately $11.9 million) want to Telecom Namibia for the expansion and modernization of the fixed telecommunication network, in particular for the inter-urban and international transmissions.

   The project provides for the installation of 1,790 km of optical fibre cable connecting Windhoek with the Southern and SouthWestern regions of the country, and reinforcing links with the Republic of South Africa. (7)

   An EIB loan to Telecom Namibia in 1995 financed a similar project in the Western, Central and Northern regions.  The present project is therefore a further step in the transition to a fully digital and high-grade nation-wide work net. (12)

   This page was last updated: 12/16/99

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