Chasing the richest of the rich

Horasis dedicates itself to the innovation and development of sustainable emerging markets.

19 June 2019 | Business

We believe that Africa is the world’s new frontier. - Frank-Jürgen Richter, Founder: Horasis

Namibia hopes to co-host one of the annual events of Horasis, an independent, international think tank whose meetings are often compared to the World Economic Forum’s yearly gatherings in Davos, Switzerland.

This includes the Horasis Visionary Billionaire meeting, a closed meeting of the top 15 Forbes-listed billionaires.

The latest set of resolutions released by the ministry of information and communication technology states that cabinet has approved Namibia to enter into an agreement with Horasis to co-host the think tank’s inaugural meeting for Africa in 2022, its billionaire meeting or its Asia meeting focusing on India and China.

Commenting on the billionaire meeting, the resolution states: “This meeting takes place in September each year in an undisclosed location without the presence of the media.” It could arise the interest of “one or more of the attendees to invest in Namibia”, it says.

Horasis was founded in by 2005 by Frank-Jürgen Richter, a former director of the World Economic Forum (WEF), and dedicates itself to the innovation and development of sustainable emerging markets.

In an interview in April this year with The Times of Israel, Richter said Horasis was “investigating” a Horasis Africa Meeting.

“We believe that Africa is the world’s new frontier and we have seen the need to bring the African continent together in an annual conclave. There are several potential host countries we are talking to,” Richter told the The Times of Israel.

Commenting on the billionaire meeting, he told the publication: “They meet over a long weekend to exchange views about the next steps in their business and private life, philanthropy and the betterment of the world.”

According to Richter, Horasis is a “global visions community committed to inspire the future”.

Investment Centre

On being likened to Davos, Richter told The Times of Israel: “The media likes to compare us with Davos. Davos might have lost its innocence, it is a very commercial undertaking these days. I usually don’t like the Davos comparison too much, we are not benchmarking ourselves.

“We are concentrating on our own development. We want to be the world’s most important annual gathering where like-minded individuals and organisations meet and jointly inspire the future.”

Cabinet directed the ministry of industrialisation, trade and SME development, through the Namibia Investment Centre (NIC), to liaise with the ministry of international relations and cooperation to engage Horasis on the options to be agreed upon and coordinate the follow-up.

The NIC has to market Namibia as a favourable investment destination to ensure that the country has its fair share or regional and global foreign direct investment (FDI) flows. The centre also has to identify and encourage the attraction and growth of inward and outward domestic investment.

According to the NIC’s website, the centre has overseas investment promotion representatives in, among others, Geneva in Switzerland, where Horasis’ headquarters are.

Similar News

 

‘Govt is failing manufacturing’

19 hours ago | Business

"Our suspicion that corruption is one of the biggest enemies facing our members is no longer a suspicion," the chairperson of the Namibian Manufacturers Association...

Solar power dims ECB revenue

1 day - 27 February 2020 | Business

The Electricity Control Board (ECB) recorded revenue of N$86.3 million for 2018/19, an increase of 3.6% compared to the previous financial year.The ECB’s main source...

Phase two of MTC's 081Every1 launched

1 day - 27 February 2020 | Business

Phase two of MTC's billion-dollar 081Every1 network project plans to roll-out a total number of 102 sites and is expected to be completed by September...

Company news in brief

1 day - 27 February 2020 | Business

Rio Tinto posts jump in full-year earningsAnglo-Australian miner Rio Tinto yesterday posted an 18% rise in 2019 underlying earnings as a surge in iron ore...

WBSR invests N$93.6 mln in new plant

2 days ago - 26 February 2020 | Business

With an investment of N$93.6 million in a new salt processing plant Walvis Bay Salt Refiners (WBSR) can now target international markets as the company...

Wanted: Business direction

2 days ago - 26 February 2020 | Business

Jo-Maré Duddy – Government policy – or the lack thereof, government regulation, government failure, government’s fiscal position and the recession: Ask the business sector in...

Let's work together and solve important problems

2 days ago - 26 February 2020 | Business

Chantell Husselmann - The PwC Business School has started the year 2020 on a high note with a special occasion that marks the first of...

Deere taps into tech in bid to break ground...

2 days ago - 26 February 2020 | Business

It's ride-hailing, farm style. Deere & Co. is teaming up with the “Uber of tractors” in Africa and betting on a future where farmers summon...

NSX bears brunt of recession

2 days ago - 26 February 2020 | Business

Jo-Maré Duddy – The recession didn’t spare the Namibian Stock Exchange (NSX) last year: Trading volumes dropped and the share prices of most of the...

Managing checks and balances

2 days ago - 26 February 2020 | Business

B7: Explain your job in a nutshell.PA: An integral part of my job is to manage Nedbank Namibia’s liquidity, funding and interest rate risk in...

Latest News

Shimbulu reinstatement declared illegal

6 hours ago | Politics

Oshakati town council legal consultant Jan Greyling has penned a damning opinion on the nomination and swearing-in of Katrina Shimbulu as a councillor, and her...

Has ACC finally awoken from...

6 hours ago | Opinion

The Anti-Corruption Commission (ACC) has for years stomached bashing for its perceived 'small fish' approach to corruption.In fact, there is nothing suggesting that corruption has...

Samherji throws lifeline to Geysir...

6 hours ago | Labour

Workers currently on Samherji's Geysir vessel, which is fishing in Mauritania, will keep their jobs, while the rest of the crew who were left in...

MTC to build 270 houses

6 hours ago | Infrastructure

MTC is planning to construct 270 houses and will partner with the Shack Dwellers Federation of Namibia (SDFN) for the delivery of the homes in...

Neckartal level at 5.2%

6 hours ago | Weather

The multibillion-dollar Neckartal Dam has received inflow of about 45 million cubic metres of water since the beginning of this month. To put this in...

The passion of Cassidy Karon

6 hours ago | Art and Entertainment

We all can pretty much nod at the fact that Cassidy Karon is currently at the frontline of youth, fashion and street culture in Namibia....

The flip-flop drag

6 hours ago | Art and Entertainment

After years of tossing and turning in their grave, the fashion gods and ancestors have finally defeated the powers of death and risen once again....

Online, online, online!

6 hours ago | Art and Entertainment

Since taking over tjil last year, I have been met with praise, yet also criticism. I have been met with pride, yet also concern. It's...

Song Night is back

6 hours ago | Art and Entertainment

Consistently exceeding expectations of nurturing the Namibian sound, Song Night, now sponsored by RMB, pledges to focus even more on mentoring musicmakers and bringing explosive...

Load More