Namibia scores above the world average in business freedom, trade freedom and labor freedom, according to the Index of Economic Freedom. Namibia's ranking in the World Bank Group's Control of Corruption Index improved greatly in this past period. According to the World Economic Forum's Global Competitiveness Report for 2007-08, the three most problematic factors for doing business are an inadequately educated workforce, poor work ethic in national labor force, and inefficient government bureaucracy. The 2006 Enterprise Surveys cites crime, tax rates, and access to/cost of financing as the top constraints to firm investment. Namibia's overall Ease of Doing Business ranking is lower this year. Although it ranks in the top 50 countries in four indicators, it ranks in the bottom 35% in three indicators. For example, it takes 66 days to start a business in Namibia, which is 50% longer than the regional average as seen in annual reports.
Travelling for business & incentives:
Namibia has a lot to offer for the business sector in terms of facilities and packages though the MICE(Meetings, Incentives, Conferencing & Events). Beautiful hotels and venues in Namibia offer fully equipped conference facilities, but those outside of the major towns offer so much more in terms of location and true African ambience. Most of these establishments offer packages that will include hosting of the event as well as accommodation and activities amidst luxury and comfort within the flourishing tourism industry. The opportunity of conducting business without the buzz of the city is a welcome refresher and adds greater value to the entire event. Several high standard events management companies in Windhoek are well able to organize and conduct such conferences and corporate events with confidence, success and flair. The following services are usually included in such packages:
* Travel arrangements
* Event organization
* Location scouting
* Logistical support and management
* Marketing consultation
By combining the business and tourism sectors, high quality benchmark events are a definite possibility.