Germans want to invest 100 million euro in Namibia

by Staff Reporter

Germans want to invest 100 million euro in Namibia

Windhoek

One hundred million euro for local infrastructure and a 150-megawatt power plant for the country are just two objectives mentioned by the 16-member business delegation from Germany who visited Namibia last week.

The delegation was led by the German-African Business Association to explore business opportunities in the country.



Participating business leaders were mainly interested in sectors such as mining, energy, infrastructure, health care, automation, finance and security.

During the visit the German company Gauff GmbH said it wants to invest 100 million euro in  Namibian infrastructure, while G.F.H. Im- und Export GmbH said it is ready to bring a second-hand 150 megawatt power plant to the country.

A German-Namibian business seminar was held on Thursday last week where roundtable sector sessions as well as business-to-business meetings took place.

The business seminars were addressed by the Deputy Minister of Industrialisation, Trade and SME Development, Pieter van der Walt, who briefed the delegation on Namibia’s conducive business environment.

Also, Deputy Minister of Works and Transport, James Sankwasa, provided highlights on some of the country’s infrastructure projects being supported by the German government.

The current status of energy projects and upcoming opportunities, particularly in the renewable sector, was introduced to the delegation by the Minister of Mines and Energy, Obed Kandjoze. The delegation also participated in a dinner engagement with Sophia Swartz, Chairperson of the Standing Committee on Natural Resources of the National Assembly.

To sum up the business mission, the delegation also visited Ohorongo Cement and Namibia Breweries Limited.

While the delegation concurred that conditions in Namibia are very conducive for investment, they expressed concern about  the possible impact of new legislative projects like the draft Investment Bill and the New Equitable Economic Empowerment Framework (NEEEF).

 

 

 

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