The level of development of Information Technology in Namibia is still in its infancy stages.  However, the impact of telecommunications and information technology at the present level is having a very positive effect on businesses throughout the country.

   Since 1992, the government of Namibia has been building new infrastructure and upgrading the existing ones, to provide efficient and better services to all concern.  New satellites are been acquired to help provide better data transmission throughout the country.  In today's business environment, reliable data transmission to any part of the global is essential to businesses. And thanks to Telecom Namibia, businesses in Namibia enjoy a seamless data transmission services.

   The market for data communications is looking for higher speed and more reliable services.  The present service provided represents leased analog line and a X-25 packet switched network.  Today the major banks are asking for digital 64 Kilobit services.  If such a service would be available the demand would also be there for high speed transmission facilities in the City of Windhoek which would also be used by insurance companies and the major private industry. (2)

   Transportation is one of the sectors that is benefitting from the improvement in technology and telecommunications in Namibia.  For instance, the Walvis Bay port, control by Namport, facilities in this port has been improved and modernized to handle more cargo coming and passing through the port.  Today, "the Walvis Bay corridor provides access to the central Southern African Region including South Africa.  The Developed road and rail system, supported by the Walvis Bay port, will take your goods quickly and efficiently to the market of your choice." (8) 

   Another impact of Information Technology in Namibia can be seen in the financial sector.  Today, banks in Namibia have a high tech banking facilities ranked among the best on the continent.  Banks provide services such as wire transfer, automatic teller machines for quick and ease access to funds, import and export transactions and more.  Namibia banks are capable of meeting any banking challenge a business client may have.

  Namibia Stock Exchange, is a another place where the impact of information technology is evident.  The Namibia Stock Exchange was established in October 1, 1992.  The exchange was founded by 36 Namibian Businesses.  In the beginning, the exchange had only 37 companies listed, of which, 14 were local and 23 foreign companies.  In 1998, the Namibia Stock Exchange has the second largest market capitalization in African, second only to South Africa.  It was the 4th on the continent in terms of value traded.  "The Namibia current computer system integrates trading, back office and transfer secretary operations.  The new system will cope with anticipated growth in volumes. (14) 

   This page was last updated: 12/16/99

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