By: Nghiinomenwa-vali Hangala
Namibians and foreigners have registered/added 24,169 enterprises in the past two financial years (2023/24 -2024/25), intending to operate (produce services and goods) in Namibia, including non-profit organisations.
This is according to the Business and Intellectual Property Authority (BIPA)’s annual report for 2024/25.
The number of business registrations is an important indicator of the country’s entrepreneurship culture and formalisation efforts.
The registered businesses are Close Corporations (CC), Companies, Foreign Entities, and Section 21. The report indicates that for the financial year 2023/24, local and foreign entities have registered 11,055 entities.
Comments