The Namibian Investment Promotion and Development Board (NIPDB) is a non-profit association incorporated under section 21, and is established as an autonomous entity in the Presidency, and pronounced as a Public Enterprise in accordance with Section 2 of the Public Enterprises Governance Act, 2019 (Act No. 1 of 2019). NIPDB is mandated to promote and facilitate local and foreign investments and new ventures, to contribute to economic development and job creation.