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Upcoming Economic Summit expected to attract new investments

Upcoming Economic Summit expected to attract new investments

The country will host an Economic Summit aimed at reviving the ailing economy from 31 July to 1 August. 1 in Windhoek, according to a statement released last week.

The intended summit was announced earlier by the President, HE Hage Geingob during the last State of Nation Address.

According to a statement last week about 600 delegates from across the country, Africa and the world have been invited to attend the event.

The two-day-event under the theme: ‘Economic Revival for Inclusive Growth – Strengthening the Namibian House’, is aimed at reviving and growing the Namibian economy, creating job opportunities, attracting investment opportunities, promoting Namibia as an attractive investment and tourist destination and identifying and removing bottlenecks that are slowing the growth of the local economy.

The Summit organized by the High-Level Panel on the Namibian economy targets to attract local, regional and international investors, private sector, development partners, financial institutions, industry leaders, the youth and organized labor.

The government said the Summit will provide a platform to showcase growth and investment prospects in the local economy as well as present local and international investors with a portfolio of investment projects in several sectors.

“It will also be a platform for information exchange and dialogue between government, local and international business and civil society leaders and stakeholders,” the statement said.

Meanwhile, the government at the end of the Summit expects that new investments worth US$1 billion by both local and foreign investors will be attracted over the next two years.

It is expected that with these new investments, would contribute towards economic revival and create new employment opportunities.


 

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