Invest in Namibia conference pays off

22 Feb 2017 15:00pm
WINDHOEK, 22 FEB (NAMPA) - The 2016 Invest in Namibia conference has started to bear desirable results for Namibian businesses, as potential investors have shown great interest in some of the products and services on offer during the conference.
The conference took place from 08 to 09 November 2016.
South African companies lead the pack of those who have followed up on businesses and projects displayed during the conference.
This led to the Namibian High Commission in South Africa hosting a post-investment conference this Thursday for Namibian business project promoters to meet prospective investors in South Africa.
A statement issued by the Namibian High Commission in South Africa on Wednesday said 13 Namibian business project promoters are expected to participate in a 30-minute business to business (B2B) meeting with South African counterparts to assist in the implementation of proposed investment projects.
The 30 proposed projects to be interrogated further are in the areas of agriculture, energy, logistics, manufacturing, mixed property development, transport and tourism.
“The success of this will be measured on its contribution towards the Harambee Prosperity Plan target of creating 1 000 jobs per annum,” said the statement.
The participating companies include Diyundo Mukwe AgriTourism; Otavi Rebar Manufacturing; Kaptau Packaging; Otavi Truck Shop; Ongos Monto Christo City; Nampower; the Ministry of Works for a commuter rail for Windhoek; the Ministry of Finance for public-private partnerships as well as companies that specialise in charcoal production and processing; bitumen manufacturing and a foundry project.
The one-day conference will take place at the Gallagher Convention Centre in Midrand, Johannesburg.
On 06 October 2016, the mission successfully hosted the official launch of the Invest in Namibia conference in Johannesburg, where President Hage Geingob addressed over 4 000 business delegates.
During this conference, private companies yielded the desired interest for them to participate in the conference held in November in Windhoek.
“The High Commission considers the planned B2B event as an integral part of the Post-conference agenda in securing Foreign Direct Investment for Namibia,” said the statement.