The 2014 (annual) Namibian Business and Investment Climate (NamBIC) survey was launched this morning in Windhoek.
Namibia Chamber of Commerce and Industry (NCCI), Namibian Manufacturers association (NMA) and Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) - which works on behalf of the German government - as well as the Institute for Public Policy Research (IPPR) have once again partnered to drive the survey.
Initiated in 2009, the survey has become an important instrument in improving the local business environment, especially the small and medium enterprise (SME) sector.
The survey captures the perceptions of business people, both formal and informal, across the country about the prevailing business and investment climate including the constraints and challenges they encounter.
NCCI marketing and public relations manager, Daisry Dumeni noted the survey, which is expected to be complete by January 2014, will be carried out by Business Intelligence Africa.
“The results will be shared and discussed with various stakeholders; be it policymakers, businesses owners, researchers or Government, for lasting solutions,” she said, adding, NCCI will then incorporate the findings in its advocacy department and drive consultation with the Government.
Associate researcher at IPPR, Klaus Schade, stressed this is a unique survey because it covers the whole country. “From the previous survey, we have a list of 600 businesses to cover; as well as a reserved list of 200 informal businesses more to cover. Basically, we are looking at covering 800 businesses,” he said.
He also noted in this survey, they hope to get a higher response compared to last year’s over-response, which was estimated at above 50%.
To incite more feedback from businesses, NCCI and IPPR earlier this year visited various regions such as Erongo, Kavango and Zambezi, to discuss the results found in this year's NamBIC survey and urge them to participate in bigger numbers in the next survey that has just been launched.
The survey has various factors including the confidence of business owners, employment created and business environment.
Schade said next year's survey will see the introduction of a new factor; trade across borders. “After completion of the survey, we will do an in-depth case study on trade across borders, which seems to be of high concerns for traders, especially on the Namibian side.”
The survey will also look at all sectors' participation in different local industries; whether formal or informal.