Namibia Investment Promotion and Development Board (NIPDB) is saying goodbye to its founding CEO, Nangula Uaandja, who has been a driving force behind the institution's success. Uaandja's leadership has been instrumental in shaping NIPDB's foundation and positioning it as a center of excellence in investment promotion and development. Under her tenure, Namibia witnessed a remarkable surge in foreign direct investment (FDI), reaching a record N$48.2 billion in 2023, more than double the amount recorded in 2022. This achievement has been reflected in international rankings, with Namibia ranking number one in Africa and second globally in the 2025 Greenfield Foreign Direct Investment Performance Index. Jessica Hauuanga, who has served as investor experience executive since 2021, will act as CEO until a substantive appointment is made. The NIPDB board has expressed full confidence in Hauuanga's capabilities to lead the organization during this transitional phase and to ensure continuity while maintaining investor confidence. But here's where it gets controversial... Some may argue that the success of NIPDB under Uaandja's leadership is not solely due to her efforts, but also to the strategic decisions made by her predecessors. And this is the part most people miss... The board's statement that Uaandja laid a solid foundation at a crucial time for Namibia's economy raises questions about the extent to which her contributions were built upon existing strategies and systems. Despite this, Uaandja's departure is a significant loss for NIPDB and Namibia, and her impact on the country's investment landscape will be felt for years to come. The Namibian uses AI tools to assist with improved quality, accuracy, and efficiency while maintaining editorial oversight and journalistic integrity. Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month. Invest in journalism, invest in democracy – Subscribe Now! (https://esubs.namibian.com.na/subscribe.aspx?t=2135&eid=09831ff3-a8e7-45f9-8bd8-63b0ace49490)
