Namibia is an investor haven - Geingob
The government remains committed to managing the Namibian economy in a prudent and responsible manner.
This was said by President Hage Geingob when he addressed the Namibia Investors Conference in New York on Thursday.
The president told American businesspeople that Namibia is financially safe to do business with.
“There is no risk that Namibia will not honour debt obligations in the near and medium term,” he said.
He also informed potential investors that Namibia’s social architecture is evolving and that the country continues to invest the bulk of its budget in social infrastructure such as education and health services.
“School enrolment and literacy rates have increased dramatically, and access to health and social services has improved. We are on track to eliminating the transfer of HIV/Aids from mothers to children, and life expectancy is on the increase,” he said.
Geingob said despite these good efforts social deficits still persist in Namibia.
“That is why since assuming office I have declared a full-scale war against poverty and concomitant inequalities. We recognise that the only sustained growth will be shared growth. We need inclusive growth that will translate into creation of decent job opportunities for our citizens,” Geingob said.
He also spoke about what he called the two sensitive issues that dominate the economic transformation conversation, which are land reform and ownership of previously disadvantaged Namibians in companies.
He assured potential investors that property rights are protected in the constitution and will be respected as such.
Opportunities
According to Geingob Namibia presents significant opportunities for investment in sectors such as manufacturing, agro-processing, transport and logistics, tourism and filmmaking.
“It is government’s key responsibility to ensure delivery of public services and historically, government has been directly and exclusively delivering such public services.
“The pace of developing additional infrastructure is however limited by available public resources. We believe, however, that through public-private partnerships, we can leverage private-sector investment to meet the developmental needs in our economy,” he said.
JEMIMA BEUKES
This was said by President Hage Geingob when he addressed the Namibia Investors Conference in New York on Thursday.
The president told American businesspeople that Namibia is financially safe to do business with.
“There is no risk that Namibia will not honour debt obligations in the near and medium term,” he said.
He also informed potential investors that Namibia’s social architecture is evolving and that the country continues to invest the bulk of its budget in social infrastructure such as education and health services.
“School enrolment and literacy rates have increased dramatically, and access to health and social services has improved. We are on track to eliminating the transfer of HIV/Aids from mothers to children, and life expectancy is on the increase,” he said.
Geingob said despite these good efforts social deficits still persist in Namibia.
“That is why since assuming office I have declared a full-scale war against poverty and concomitant inequalities. We recognise that the only sustained growth will be shared growth. We need inclusive growth that will translate into creation of decent job opportunities for our citizens,” Geingob said.
He also spoke about what he called the two sensitive issues that dominate the economic transformation conversation, which are land reform and ownership of previously disadvantaged Namibians in companies.
He assured potential investors that property rights are protected in the constitution and will be respected as such.
Opportunities
According to Geingob Namibia presents significant opportunities for investment in sectors such as manufacturing, agro-processing, transport and logistics, tourism and filmmaking.
“It is government’s key responsibility to ensure delivery of public services and historically, government has been directly and exclusively delivering such public services.
“The pace of developing additional infrastructure is however limited by available public resources. We believe, however, that through public-private partnerships, we can leverage private-sector investment to meet the developmental needs in our economy,” he said.
JEMIMA BEUKES
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