Namibia Industrial Development Agency Act, 2016 (No. 16 of 2016).

This Act provides for the establishment of the Namibia Industrial Development Agency Act as a body corporate, defines its functions and powers and provides with respect to its administration and operation. The objects of the Agency include, among other things: (a) executing, monitoring, reviewing and updating of industrial policies implementation, strategic framework and sector growth strategies; (b) acting as agent in making equity investments on behalf of the Namibian Government and its institutions; (c) entering public private partnerships for fostering economic transformation; (d) taking such measures as are necessary to enable the Agency to exercise effective control over its interest in enterprises in which it has invested; (e) facilitating, developing, coordinating and fostering partnerships across all spheres of government, the private sector and relevant stake-holders that may assist the Agency to achieve its objectives; (f) with the consent of the Minister, developing methods and programmes to provide adequate funding for continuous sustainable promotional operations and manage and maintain a publicity programme promoting Namibia in relation to export-driven industrial growth; (g) performing and assisting in the execution of other tasks that the Minister assigns to the Agency. The Agency may, in consultation with the Minister and the Minister responsible for agriculture, enter into contracts and perform acts for agricultural development.