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Population
Namibia has about 26 million inhabitants (as of 2024). The population is ethnically diverse, with the largest groups being the Ovambo, Herero, Damara, and Nama. Namibia has a low population density, as much of the country consists of desert regions like the Namib and Kalahari.
Capital
The capital of Namibia is Windhoek. It is the economic, political, and cultural center of the country, as well as the largest city.
Economic Power
Namibia has one of the more stable economies in Africa, heavily reliant on mining (diamonds, uranium, gold), agriculture, and tourism. The GDP per capita is about USD 5,000 (as of 2023). The economy is well-developed, but Namibia struggles with high inequalities in income and access to resources.
Culture
Namibia’s culture is influenced by its many ethnic groups, each preserving its own traditions, languages, music, and dances. European influences, especially German, are visible in architecture and cuisine, particularly in cities like Swakopmund and Lüderitz. Namibia is known for its traditional festivals, such as the Herero Dress Festival, and the art of storytelling.
Currency
The official currency of Namibia is the Namibian Dollar (NAD), which is pegged 1:1 to the South African Rand (ZAR), also accepted as legal tender.
Health Insurance and Social Security System
Namibia has a social security system covering pensions, unemployment, work accidents, and health insurance. Healthcare is both public and private, with private healthcare generally being of higher quality but more expensive. There is no universal health insurance, and many workers rely on private health insurance.
Costs for Employers
Employers in Namibia must contribute about 8% of gross wages to social security, covering pensions, health, and work accident insurance. Additional costs may arise from voluntary benefits like transportation, housing, or meal allowances.
Salaries and Bonuses
Salaries in Namibia vary by industry, qualifications, and experience. The legal minimum wage varies by sector but is about 1,500 NAD per month for unskilled workers (as of 2023). Bonuses are common in many companies and are often performance-based.
Payroll
Payroll in Namibia includes the basic salary, possible allowances, bonuses, and statutory deductions for taxes and social security contributions.
Public Holidays
Namibia has several public holidays, including:
- New Year’s Day (January 1)
- Independence Day (March 21)
- Labor Day (May 1)
- Heroes’ Day (August 26)
- Christmas (December 25)
- Boxing Day (December 26)
- Other religious holidays such as Good Friday and Easter Monday.
Working Hours
Regular working hours in Namibia are 45 hours per week, spread over five or six working days. Working hours may vary by sector, with most offices operating from Monday to Friday.
Vacation
Employees are entitled to at least 24 working days of paid annual leave. The entitlement may increase with length of service. Additional leave days are granted for special occasions such as weddings or family obligations.
Incapacity for Work
In the event of illness, employees are entitled to sick leave, covered by social security or the employer. The specific regulations depend on the employment contract and legal provisions.
Termination/Severance Pay
Notice periods and severance pay regulations in Namibia vary depending on the length of service and contractual terms.