Namibia woos investors at fair
By Lahja Nashuuta
WINDHOEK-CLOSE to 500 business leaders and government representatives will meet in Namibia to discuss investment opportunities available in the country during the International Investment Conference scheduled for November 8-9.
The invite-only event to be held under the theme, “Promoting Investment for Inclusive Growth and Industrialisation”, is set to attract a number of high-profile speakers that include SADC Heads of State, economists, business executives from all over the world, private equity firms, finance institutions, chambers of commerce, and NGOs.
Trade and SME Development Minister, Immanuel Ngatjizeko, described the Invest in Namibia International Investment Conference as a strategically important forum to unlock new investments from the private sector by fostering new public-private partnerships and promoting the development of ambitious investment programmes by national governments.
He said the conference will offer a platform for the country to promote priority projects as well as highlight Namibia’s strategic role in the Southern Africa region, particularly as a growing trade and logistics hub, emerging tourist destination and as an attractive location for industrial projects.
“The investment conference will be a hub of interaction, investors will join us from as far as the USA, China, Germany, India and also from nearby countries like South Africa as we think and work together to deliver the Namibian dream to our people,” Ngatjizeko said.
The conference offers a valuable opportunity “not only to debate important financial questions but to forge new contacts and relationships that can bring about concrete action on the ground”, he added.
Based on the information provided by the Namibia Investment Centre, there are optimal investment opportunities available in sectors such as fisheries housing, agriculture, manufacturing, infrastructure, tourism, logistics, and energy.
The Centre described Namibia as an ideal place to invest because of the country’s solid foundations for democracy, good governance, peace and stability as well as its business friendly legal and regulatory framework, and liberal investment regime.
The country is also a gateway to SADC regional markets via trade agreements and world class rail, road and air infrastructure with an excellent telecommunications network, a fast, efficient and transparent bureaucracy and sound financial system and stable foreign exchange reserves.
Recent investment success stories include the Trekkopje Uranium Mine of Areva, which is the biggest French investment in Namibia and the Abu Dhabi Al Dahra Agricultural Company specialising in agriculture and animal feed production.
“As you are no doubt aware, the Namibian economy is geared towards ensuring a safe and secure landing space for foreign direct investment. The opportunity to invest in Namibia is sure to deliver the required results for the investor. The country presents investors with a stable economic framework where the rules for doing business are predictable. Also, the legislative environment provides peace of mind for the investor,” Ngatjizeko said.
He added: “The Namibian government is intentional about making sure Namibia stands out for its competitive returns on investment the country offers, a young and trainable workforce and a peaceful, open nation ready to do business.
“Over the two days, a key number of investors are expected to participate in a conference with a strong emphasis on business to business.”