Namibians are impatient, Geingob says
President Hage Geingob says Namibians are impatient and want to reap the benefits of investment opportunities quicker than expected.
He made the remarks following his return from Davos, Switzerland, where he attended the annual World Economic Forum summit at the invitation of its executive chairman, Klaus Schwab.
Namibia had been invited following the discovery of oil and the country’s green hydrogen prospects, the president said, calling it a prestigious business summit.
“Davos is a premier event. Two thousand people there, businesspeople basically.
“It’s a showground and you are not invited there just like that. It was not a joke to be invited and to be given the facilities that we were given,” he said.
On the outcomes of the summit, Geingob said Namibians expect instant gratification from the visit.
“Investment is a deferred gratification. Namibians are impatient and I think from what we are seeing from the Namibian House, people are interested,” Geingob said.
Be patient
He called on Namibians to be patient, adding that positive results could soon be delivered.
“We may give you miracles maybe, but keep your cool,” he said.
Meanwhile, mines minister Tom Alweendo said Namibians could reap the benefits of the country’s recent oil discoveries, saying there was an interest from oil giants Shell and TotalEnergies to develop the two oil fields.
This despite the time usually required to develop oil fields, which is between five to 10 years, he said.
“Both Total and Shell say they are committed to accelerate the time it takes between discovery and production and they are talking about in four years’ time, we’ll be able to have oil flowing.”
He made the remarks following his return from Davos, Switzerland, where he attended the annual World Economic Forum summit at the invitation of its executive chairman, Klaus Schwab.
Namibia had been invited following the discovery of oil and the country’s green hydrogen prospects, the president said, calling it a prestigious business summit.
“Davos is a premier event. Two thousand people there, businesspeople basically.
“It’s a showground and you are not invited there just like that. It was not a joke to be invited and to be given the facilities that we were given,” he said.
On the outcomes of the summit, Geingob said Namibians expect instant gratification from the visit.
“Investment is a deferred gratification. Namibians are impatient and I think from what we are seeing from the Namibian House, people are interested,” Geingob said.
Be patient
He called on Namibians to be patient, adding that positive results could soon be delivered.
“We may give you miracles maybe, but keep your cool,” he said.
Meanwhile, mines minister Tom Alweendo said Namibians could reap the benefits of the country’s recent oil discoveries, saying there was an interest from oil giants Shell and TotalEnergies to develop the two oil fields.
This despite the time usually required to develop oil fields, which is between five to 10 years, he said.
“Both Total and Shell say they are committed to accelerate the time it takes between discovery and production and they are talking about in four years’ time, we’ll be able to have oil flowing.”
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