Time to invest in Namibia The Invest in Namibia
International Investment Conference will finally kick off tomorrow in the
capital with 800 delegates expected to attend the two-day event. Government is expected to use the conference to clarify its position on the controversial Namibia Equitable Economic Empowerment Framework (NEEEF).
It will also touch down on the Investment Promotion Act, Public Private Partnership Framework (PPP) and Investment Incentives.
A total amount of N$15 million is being spent on the conference.
The conference is being held under the theme ‘Promoting Investment for Inclusive Growth and Industrialisation’ and, according to the presidency, it will showcase a selected number of investment projects.
“While a total of 500 project proposals were received after requests were sent to local authorities however only 20 key projects will be profiled during the conference. These projects are primarily in the energy, agriculture, affordable housing, tourism, manufacturing as well as logistics and infrastructure development sectors,” the statement reads.
“The delegates include visiting trade ministers, business chambers, foreign investors and local companies. Preliminary records show that delegates are coming from all over the world with Germany and Portugal slightly dominating.
Other countries represented include Belarus, Serbia, China, the UK, Hungary, Spain, Korea, United States and Canada. Closer to home, participants will come from South Africa, Angola, Zimbabwe as well as Congo Brazzaville amongst others.”
STAFF REPORTER