International investment conference underway in Windhoek

08 Nov 2016 11:50am
WINDHOEK, 08 NOV (NAMPA) - The Invest in Namibia international conference is underway in the capital.
Over 600 people are in attendance.
In his welcoming statement, Minister of Industrialisation, Trade and SME Development, Immanuel Ngatjizeko said with the volatile global economic situation, Namibia would like to prove its ideal position to offer investors better investment returns.
He said despite Namibia’s economic growth being affected by the drought and economic crises around the world, the foreign environment cannot afford to miss the investment opportunities that Namibia offers.
President Hage Geingob addressed delegates on the country’s progress and achievements in its economy and social progress; debt to gross domestic product (GDP) ceiling; the full scale war against poverty declared by Government, as well as logistic services and investment opportunities which exist between Namibia and its neighbouring countries.
The opening session will be followed by discussions and presentations on Namibia as an investment environment as well as continental and domestic private sector perspectives.
The session will also provide an overview of the Namibian policy and regulatory environment, which enhances investment promotion, attraction and retention.
Delegates include First Lady Monica Geingos, Cabinet ministers, members of the diplomatic corps, and local and foreign investors in various fields of trade.