Namibia expects to host 500 potential investors during the upcoming Invest in Namibia conference slated for next month. The conference themed “Promoting Investment for Inclusive Growth And Industrialisation” is anticipated to draw 500 guests – 150 international guests expected, 150 local investors and 200 delegates representing legislators, officials and governors from the 14 regions of Namibia.
The Minister of Industrialisation, Trade and SME Development, Immanuel Ngatjizeko, at a press conference yesterday said the two-day event will include presenters, participants and investors from countries such as United States of America, China, Turkey, Germany, Zimbabwe, Brazil, Angola and South Africa. “As you are no doubt aware, the Namibian economy is geared towards ensuring a safe and secure landing space for foreign direct investment. An inter-sectoral team comprised of [officials from various] offices/ministries and agencies has been mandated to oversee the successful implementation and delivery of the conference,” he said.
Over the two days, said Ngatjizeko, a key number of investors are expected to participate in a conference with a strong emphasis on business to business. “A few months ago, project proposals were invited for the purpose of due diligence and evaluation, and 21 projects have been identified as optimal investment opportunities,” said the Minister. The sectors which will be represented include mining, agriculture, tourism, IT and energy.
More confirmations are expected to cover other priority areas such as infrastructure and manufacturing, he said. “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,” he further indicated. A panel discussion and a number of breakaway sessions will be conducted to allow for in-depth negotiation among interested parties, he said.
According to the minister, to-date investors from Angola, Brazil, South Africa, Turkey, Germany, China, Zimbabwe and the USA while local stakeholders such as the NCCI, Air Namibia, Team Namibia, NBC and Namport have come on board to show their commitment to national development.
The minister also announced that Standard Bank Namibia will be the platinum or main sponsor for the conference. The bank contributed N$1.5 million towards the event. “By making a contribution of N$1,5 million, the famous blue bank showed its true mettle – that of being a true Namibian patriot and helping us market Namibia in essence as an ideal investment location.
Namibia finds itself among a plethora of investment opportunities,” he said. He added: “Therefore, the Namibian Government is intentional about making sure Namibia stands out. For its competitive returns on investment, the country offers a skilled workforce and a peaceful, open nation ready to do business. We remain cognisant of the access to a market of 700 million people on our doorstep, who we consider part of our extended African family.”
Ngatjizeko said the conference must attract the right type of investment. “Investments that secure jobs, investments that help us eradicate poverty and help us achieve economic freedom for our people, one step at a time.”