02 Sep 2019 17:21pm
WINDHOEK, 01 SEP (NAMPA) President Hage Geingob has concluded his working visit to Japan, with the Pacific Ocean economic giant country committing N.dollars 42 million for the vocational education and training sector.
Geingob attended the three-day seventh Tokyo International Conference for African Development (TICAD7) in Yokohama, led by the Japanese government, alongside African Heads of State and leaders of multilateral organisations under the theme Advancing Africas Development through People, Technology and Innovation.
A media statement issued on Sunday by the Office of the President said during the proceedings, Geingob held bilateral talks with the Prime Minister of Japan, Shinzo Abe, with a focus on how the two countries could deepen investment and economic cooperation and multilateral relations.
The statement noted that during the bilateral talks, Abe informed Geingob that Japan considers Namibia a potential investment destination and more could be done to lure Japanese business to Namibia.
It further noted that Japan also committed to assist Namibia with disaster relief.
Geingob informed Abe that Japan was a trusted partner of Namibia with the country having played an important role in the training of Namibians, including during the liberation struggle.
Namibia is now focused on the struggle for economic emancipation by building investor confidence, creating a conducive business environment and becoming a destination of choice for tourists, international business and investors, the statement said.
The Head of State remarked during the Public Private Dialogue that Namibia is an open-economy and ready to do business, adding that the economic growth trajectory is centred on a dynamic private sector.
Furthermore, Geingob said Africa is open to do business with the world, as demonstrated through the established India-Africa, China-Africa, United States-Africa and the upcoming first Russia-Africa summits.
Namibia is well-positioned as a gateway into Sub-Saharan Africa, offering excellent logistics with dry port facilities for landlocked countries, making them sea-linked via transport corridors into the Southern African Development Community (SADC) region of 300 million consumers, the statement noted.
Geingob also held several side engagements during TICAD7, including with the Japan African Union Parliamentary Friendship Association, Japanese companies currently doing business in Namibia and Namibian students studying at universities in Japan.
The three-day event, which commenced on Wednesday, ended on Friday.