Staff Reporter
PRESIDENT Hage Geingob at the Namibia Investment Summit which took place in Dubai on Wednesday encouraged the international community to invest in Namibia and reassured them of the security of their investments as well as the repatriation of their profits, returns and loans.
At the event, which was live-streamed on Informanté’s Facebook page, Geingob stated that he is aware that investors are not only concerned with the safety of their capital, machinery and expertise, but also with the repatriation of profits, should they decide to invest in Namibia.
However, he emphasised that there is no reason to be concerned.
INVEST: President Hage Geingob addressed potential investors at the Namibia Investment Summit in Dubai. Photo: Office of the Presidency 
INVEST: President Hage Geingob addressed potential investors at the Namibia Investment Summit in Dubai. Photo: Office of the Presidency 
INVEST: President Hage Geingob addressed potential investors at the Namibia Investment Summit in Dubai. Photo: Office of the Presidency 
INVEST: President Hage Geingob addressed potential investors at the Namibia Investment Summit in Dubai. Photo: Office of the Presidency 
INVEST: President Hage Geingob addressed potential investors at the Namibia Investment Summit in Dubai. Photo: Office of the Presidency 
INVEST: President Hage Geingob addressed potential investors at the Namibia Investment Summit in Dubai. Photo: Office of the Presidency
“Let me reassure you that not only is Namibia a rule-based democracy with membership to international investment protecting conventions and instruments such as the International Centre for Settlement of Investment Disputes (ICSID), the Multilateral Investment Guarantee Agency (MIGA) and others. We also have an independent judiciary that robustly enforces constitutionally guaranteed property rights for all domestic and foreign investors. Moreover, repatriation of profits, returns, loans and even the entire investment is legal in Namibia,” the President stated.
The president stated that the objectives of the Investment Summit are aligned with the country’s aspirations to alleviate poverty and inequality by creating favourable conditions for inclusive economic growth and shared prosperity, as outlined in the Second Harambee Prosperity Plan (HPPII).
“This is why we are gathered here today, to seek your partnership and participation in our HPPII, by offering investment opportunities in areas such as green hydrogen and ammonia; oil and gas; infrastructure development; tourism; value addition across all sectors; food production; and exports,” the president explained.
Geingob also referenced Namibia’s independence, stating that the country has enjoyed “32 years of inclusivity, peace, stability, unity and freedom”. However, he stated that now that stability has been achieved, the Namibian people yearn for economic advancements and opportunities to achieve their ambitions. This is one of the reasons the country seeks investors and business people in order to further develop the country.
“We could not have asked for a more befitting audience, comprising diverse sectors and investment interests from all over the world as well as from Dubai and the Middle East region. We look forward to interact with you on investment opportunities in Namibia,” Geingob added.
