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2013 Congressional Budget Justification
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Poverty and social inequity remain serious challenges in Namibia, where the unemployment rate stands at 33 percent and income disparities measure among the highest in the world. At the same time, the growth of small and medium enterprises (SMEs) holds great promise for stimulating the nation's overall economic development.
USADF's Partner in Namibia, the Namibia Development Foundation (NAMDEF), was established in 2001 and is dedicated to ensuring that an increasing number of disadvantaged Namibians are able to establish successful SMEs, thereby contributing to the nation's economic growth. Its mission is to transform indigenous SMEs into bankable, export-oriented and sustainable businesses through the provision of financial and technical support. The Foundation's priority funding sectors include: seafood harvesting/processing, ostrich production, livestock processing, table grape production, garments and textile production, precious and semi-precious stones, offshore diamond mining and tourism.