Geingob woos investors

Geingob woos investors
President Hage Geingob has told potential investors that Namibia has a conducive environment for doing business.
Officially addressing over 800 delegates during the first day of the Invest in Namibia International Conference in Windhoek, Geingob said the country was supportive and open to foreign direct investment.
“To entice private investment, we have decided to open our economy by actively embracing public-private partnerships that meet the expectation of both parties. After all, one of the key tenets of the Harambee Prosperity Plan is partnership. It must, however, be partnerships that are mutually beneficial and grounded in the spirit of mutual trust and transparency,” he said. The president further said serious strides have been made to addressing the past imbalances, especially the skewed economy inherited at independence.
“Over the years we have implemented policies aimed at redressing these inequalities, with the knowledge that our peace and stability would be jeopardised if we don’t ensure inclusive economic growth.”
He also added that the country relatively boasts good infrastructure, which is on par with the developed world.
“Africa has become one of the fastest growing regions of the world. The genesis of the African growth story was partially due to increased demand for commodities, but fundamentally due to improved macroeconomic management systems. Africa’s narrative is no longer a narrative of mismanagement of economies, but an Africa that is rising, and an Africa that is on the move.”

STAFF REPORTER