Namibia pins investment hopes on Dubai

“Investment promotion is a long-term effort of engagements and negotiations that will continue long after the expo has ended,” Shipushu said.

15 October 2021 | Local News



The Namibia Investment Promotion and Development Board (NIPDB) intends to secure at least 10 investment leads per month for the duration of the Dubai World Expo 2020.

Namibia has set aside N$20 million for attending this event, including the upkeep of the 19 permanent staff members, their living expenses, flights, accommodation and medical insurance.

According to Catherine Shipushu, NIPDB’s senior manager for marketing, branding and communications, N$15 million came from state coffers and N$5 million from additional funding, including corporate sponsorships.

The 19 staff members include four from NIPDB, two from the mines ministry, one from the tourism ministry, one from the agriculture ministry and one from the ministry of lands.

Additionally, there is one staff member from international relations, one from the information ministry, one from the education ministry and one from the Namibia Broadcasting Corporation (NBC).

The staff also includes four female entrepreneurs funded by the GIZ, one start-up entrepreneur and another who will manage a kiosk and retail shop selling Namibian products at the pavilion.

“In addition, NIPDB executives, advisory board members and communication staff will be joining the team from time to time for interval periods not lasting longer than one to three weeks.”

Playing the long game

“The purpose of these visits will be to pursue investment opportunities by United Arab Emirates [UAE] companies, to learn from and build networks with more than 190 other countries represented at the expo, to connect with potential investors and participate in industry-specific events through which to position Namibia as a viable investment destination,” she said.

Shipushu added that the board, and specifically the communications team, is strategically positioning the country by facilitating consistent media exposure on local and international media platforms.

They also expect to increase the number of tourists visiting Namibia as a direct result of the expo, as well as to leverage international media exposure to raise awareness about Namibia as a destination both for tourism and investment.

“Investment promotion is a long-term effort of engagements and negotiations that will continue long after the expo has ended. In order to be more practical and focused in our approach, however, we have set specific expected outcomes,” she said.

Namibia is particularly eager to attract investors in the renewable energy sector.

[email protected]

Similar News


Man hacks girlfriend with panga, commits suicide

3 hours ago | Local News

Silas Iyambo (46) hanged himself on Sunday night after he allegedly hacked his 47-year-old girlfriend with a panga at Okathakiingondjo village. The woman, whose identity...

Reliance on food imports risky

18 hours ago | Local News

ELLANIE SMIT WINDHOEKAbout 18% of Namibians are food insecure and depend on food relief...

We must change gears, Iipumbu says

18 hours ago | Local News

JEMIMA BEUKES WINDHOEKNamibia must revisit its priority economic areas - given the lessons...

‘Ignorance’ threatens hunting industry

18 hours ago | Local News

ELLANIE SMIT WINDHOEKInternational countries’ ignorance about the science of wildlife management is threatening Namibia’s hunting industry.Namibia’s constitutional right to sustainably utilise its...

Rehoboth launches open market

18 hours ago | Local News

JEMIMA BEUKES WINDHOEKRehoboth has launched its first ever open market, which is expected to boost the town’s domestic economy and reduce...

Ya Nangoloh natango a tegelela uukwashilyo we woSwapo

18 hours ago | Local News

KENYA KAMBOWE RUNDUAmushanga gwongundu yoSwapo oshiwike sha piti kali a hala okuningilwa...

New Era COO suspended over procurement deals

3 days ago - 03 December 2021 | Local News

OGONE TLHAGE WINDHOEKNew Era Public Corporation (NEPC) has suspended its chief operating officer (COO)...

Job happy with own performance, slates peers

3 days ago - 03 December 2021 | Local News

OGONE TLHAGE WINDHOEKAcademic Job Amupanda says he is satisfied with his term as City of Windhoek mayor and that he will...

Gridhawk Security Company ya tsukumwe nomuselekadhi gwomOtjiwarongo

3 days ago - 03 December 2021 | Local News

JANA-MARI SMITHOVENDUKAMwene gwehangano lyoosekuriti oshowo omukomeho gwiilonga mboka taya tamanekelwa edhipago lyomukwashigwana gwaZimbabwe omuhongi gwiiti, oya zimine nomuselekadhi ngoka a li ta futitha ehangano ndyoka...

Calls for transparency with new information bill

4 days ago - 02 December 2021 | Local News

ESTER KAMATI WINDHOEKThe Parliamentary Standing Committee for Information, Communication and Technology this week had its first public meeting to discuss the Access...

Latest News

Tertiary sector to drive recovery

18 hours ago | Economics

Jo-Maré Duddy – Expected recovery in Namibia’s tertiary sector will drive the central bank’s forecast growth of 1.5% in the domestic economy in 2021.The Bank...

Flurry of top appointments, re-appointment

18 hours ago | Business

Leoni Dunn has made history as the first woman to be appointed as the second deputy governor of the Bank of Namibia (BoN). Dunn was...

Fourth wave here, ‘but don’t...

18 hours ago | Health

JEMIMA BEUKES WINDHOEKHealth minister Dr Kalumbi Shangula has called for calm as Namibia enters...

Stripped employee sues for N$500K

18 hours ago | Justice

Kenya Kambowe RUNDUA former employee of a Chinese shop in Windhoek - who was forced to strip off her uniform in...

Zim's main airport operating without...

18 hours ago | Economics

Harare - Planes are landing at Zimbabwe's main international airport without any radar systems to guide air traffic controllers, a lawmaker said in a video...

IMF reaches agreement with Zambia

18 hours ago | Economics

Lusaka - IMF staff on Friday reached an agreement with Zambia on a US$1.4 billion, three-year aid programme that they said would be based on...

Senegal transport workers end strike

18 hours ago | Economics

Dakar - Senegalese transport unions ended a strike overnight from Friday to Saturday that had paralysed capital Dakar and other regions over police harassment and...

Top Kabila ally ousted from...

18 hours ago | Economics

Kinshasa - DR Congo president Felix Tshisekedi on Saturday named a new head of state mining company Gecamines, replacing an ally of his predecessor and...

EDITORIAL: Fight for justice ends...

18 hours ago | Opinion

On Saturday, Namibian streets lit up with banners, dancing, chants and music during what could arguably be described as the biggest Namibian Pride parade in...

Load More