Premier calls for investors to enter into PPP

09 Nov 2016 15:30pm
WINDHOEK, 09 NOV (NAMPA) - Prime Minister Saara Kuugongelwa-Amadhila on Tuesday invited potential foreign investors to promote value addition in the areas of fishing and mineral products, while areas of public concern should not be ignored.
Speaking during a panel discussion on the topic ‘Namibia as an investment location’ at the Invest in Namibia international conference, the premier called on local and international investors to enter into private public partnership (PPP) agreements with Government.
She also called on these agreements to focus on public concerns such as housing and energy.
The two-day conference is held under the theme ‘Promoting Investment for Inclusive Growth and Industrialisation’ and ends Wednesday.
She indicated that Government through PPP agreements is currently pursuing the Kudu Gas-to-Power project between national power utility NamPower and the National Petroleum Corporation of Namibia (Namcor).
The US.dollars 1.2 billion (N.dollars 16.3 billion) project involves the construction of an 800 megawatt combined cycle natural gas-fired power station at Uubvlei in the //Kharas Region.
The premier noted that women are also given equal opportunity to enter into PPP agreements and access to finance to start a business with the aim of alleviating poverty and unemployment in the country.
“We want to grow the economy together, without discrimination between men and women,” she said.
Contributing to the discussion and representing the Namibian business community, Namibia Chamber of Commerce and Industry (NCCI) president, Sven Thieme said they want to attract foreign investors, especially in the areas of logistics and energy.
Thieme assured potential investors and all participants that Namibia is a safe place to do business, provided investors create jobs for unemployed Namibians.
He emphasised that Namibia has a good business climate as the Chamber has been working closely with Government to address the challenges faced by businesspersons in Namibia.
“We work closely with the government to create business opportunities and keep the business market open for all local and international investors,” he said.
Over 600 local and foreign government officials, foreign and local investors and Namibian businesspersons are attending the conference where 20 key projects with investment potential are being discussed.
One of the attendees is German Minister of Economy, Science and Digital Society Wolfgang Tiefensee, who said the government of the federal republic is willing to support its business people to invest in Namibia for the economic development of both countries.
“Namibia and Germany can cooperate in areas such as food, auto-motives, construction of railway lines and IT,” he said.