Iyambo calls on investors to discover Nam niche markets

11 Nov 2016 12:30pm
WINDHOEK, 11 NOV (NAMPA) - Vice President Nickey Iyambo has invited foreign investors to approach Namibia’s economic potential with an open mind so they can discover the niche markets the country has to offer.
Iyambo said this in a statement read on his behalf during the closing of the two-day Invest in Namibia international conference on Wednesday.
“We have the Namibian story stretching from its conflict-ridden liberation history to post-independence democratic governance architecture, macroeconomic architecture and political and social architecture,” he said.
He further informed the delegates that Namibia has a multitude of economic opportunities in various sectors including energy, manufacturing, finance, transport and logistics, tourism, health infrastructure, agro processing, affordable housing, and information communication and technology.
The vice president noted that inequality and poverty levels among the majority of Namibian citizens are real, saying this led to a common narrative of inclusivity and prosperity that can be achieved through economic and social transformation.
He said the country’s economic transformation at national level is guided by Vision 2030, National Development Plans (NDP) and the Harambee Prosperity Plan. At international level, Namibia is part of the African Union Agenda 2063, the UN Sustainable Developmental Goals and Agenda 2030.
“It is in line with this agenda that we are inviting key partners to Harambee together with us, for sustainable prosperity to be realised in which all the participants will have to benefit. We believe in a win-win situation,” Iyambo said.
Meanwhile, Minister of Industrialisation, Trade and SME Development Immanuel Ngatjizeko described the conference as successful and said it attracted more participants than was expected.
More than 1 700 participants attended the conference, of which 400 were from various countries in Africa.
Participants were amongst others from Australia, Japan, Chile, France, Germany, Ireland, Mozambique, Spain, Belarus, Serbia, Israel, Portugal, Nigeria, Hungary, United States of America, Korea, South Africa and Zimbabwe.
“We thank all the participants and I urge all of you to implement what you gained from this,” he said.
The conference ended on Wednesday.