Investor conference successful Government spin doctor Tjekero Tweya expressed his satisfaction at the closing of the Invest in Namibia conference, describing the investor conference a success. In a short statement, Tweya said: “I am happy to inform you that the Government of the Republic of Namibia through the Ministry of Industrialisation, Trade and SME Development successfully hosted the Invest in Namibia Conference.”
More than 1 700 participants attended the two-day conference, 400 of them from African countries. The largest business delegations to the conference were from South Africa (80) and Germany (40).
“The Namibia Investment Centre has signed an agreement on the establishment of the Turkey-Namibia Business Council with the Foreign Economic Relations Board of Turkey.
“The purpose of the Turkey-Namibia Business Council will be to promote trade and investments between the two countries, contribute to the industrial and technological collaboration between Namibian and Turkish companies and institutions, and facilitate the participation in trade fairs and exhibitions,” Tweya said.
“MK International, a South Korean company, and Otavi Rebar Manufacturing, a public-private partnership between private investors and the Otavi Town Council, have signed a joint venture agreement in order to set up a reinforced-steel manufacturing plant. The plant will be strategically located on the SADC Walvis Bay Corridor Network at Otavi and will be known as Namibia Steel Manufacturing,” he announced.
Tweya said the initial production capacity of the plant will be 580 000 tons per year and the projected investment is estimated at US$250 million. More than 800 skilled and 700 semi-skilled jobs will be created.
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