PEACE and stability in Namibia has created a guaranteed predictable environment ready for growth and further steps to ease doing business have been put in place to ensure that the country will be one of the best investment destinations in Africa.
President Hage Geingob while attending the 7th Tokyo International Conference on African Development in Japan promoted Namibia as an investment destination and said the country is ready to do business with anyone but on its own terms while guaranteeing stability and predictability.
The President informed attendees at a plenary session on Public and Private Business Dialogue that Namibia prioritised agro processing, renewable energy, infrastructure and water supply development as sectors where investment would be most effective.
In this regard Dr. Geingob indicated that the country has adopted legislative frameworks to leverage Public-Private-Partnerships, to enable inclusive growth and shared prosperity.
The Tokyo International Conference on African Development (TICAD) is a summit level international conference on Africa’s development initiated by Japan in 1993.
Since its inception, it has become an important platform for collective dialogue and an effective mechanism for enhancing mutually beneficial cooperation between African countries and Japan.
Dr. Geingob’s full address at the plenary session reads as follows:
Thank you Prime Minister Shinzo Abe for the hospitality in Japan; the Country of the Rising Sun. Namibia is a child of international solidarity and it is in this spirit that we welcome the shared values of African ownership and international partnership, as espoused in TICAD.
Namibia is an open-economy and ready to do business. Our economic growth trajectory is centred on a dynamic private sector. We have for this reason adopted legislative frameworks to leverage Public-Private-Partnerships, to enable inclusive growth and shared prosperity.
Africa is open to do business with Japan. Namibia is a country governed through processes, systems and institutions and the Rule of Law. Predictability is therefore guaranteed. Africa is open to do business with the world, as demonstrated through the established India-Africa; China-Africa; US-Africa and the first Russia-Africa Summit due later this year. It is important those who wish to do business in Africa do so on our terms.
Just recently, I inaugurated the expanded world-class Container Terminal at the Port of Walvis Bay, making the Port among the top three on the Atlantic west coast, between Lagos and Cape Town. Namibia is well positioned as a gateway into Sub-Saharan Africa. We offer excellent Logistics, with Dry Port facilities for landlocked countries, making them sea linked via transport corridors, into the SADC region of 300 million consumers.
We want to remain a competitive economy. A month ago, we announced key public policy reforms to enhance the ease of doing business and facilitate the movement of goods and services. These reforms have bolstered investor confidence, resulting in important private sector commitments in the economy.
Namibia is not exempt from the negative effects of Climate Change, which has induced extreme cycles of drought and flooding. Japan and many others, have been equally affected by adverse climatic conditions. We need to harness technology to build climate resilient communities.
Japan has always pushed the frontiers of innovation, so I invite your private sector to share expertise, in support of our enterprise development efforts as a vehicle to creating sustainable jobs for our young people. Investors are welcome in the priority sectors of agro-processing, renewable energy, infrastructure and water supply.
Japan is a longstanding development partner of Africa and our achievements through TICAD have been impactful.
Let us continue on this path.