Staff Reporter
PRESIDENT Nangolo Mbumba has expressed gratitude to the German companies currently operating in Namibia and encouraged further investment in the country.
“We are ready to welcome you, and we are open for business. We have a lot to offer as an investment destination. We respect the rule of law, and we have a stable macroeconomic environment. Come and make Namibia your home away from home,” he said.
The President made these remarks at a high-level business breakfast with the Berlin Chamber of Commerce and Industry, in Berlin, Germany, where he reiterated Namibia’s desire to partner with the international community to achieve its economic ambitions.
DISCUSSING INVESTMENTS: Scenes from the high-level business breakfast with the Berlin Chamber of Commerce and Industry. Photos: Namibian Presidency. 
DISCUSSING INVESTMENTS: Scenes from the high-level business breakfast with the Berlin Chamber of Commerce and Industry. Photos: Namibian Presidency. 
DISCUSSING INVESTMENTS: Scenes from the high-level business breakfast with the Berlin Chamber of Commerce and Industry. Photos: Namibian Presidency.
“As a developing nation with ambitions for socio-economic advancement, we believe that Namibia cannot grow in isolation. That is why we place great emphasis on partnering with our international friends, such as Germany, to help bolster our developmental aspirations,” the President said.
President Mbumba explained that Namibia continues to promote trade and investment to boost economic growth and sustainable development. He pointed out that while sectors such as mining, fishing, and agriculture are successful, the country aims to expand its economy by diversifying into agro-processing and manufacturing, with a strong focus on value addition.
“Furthermore, Namibia intends to position itself as a logistical hub within the Southern African Development Community (SADC). To achieve this, we are focused on upgrading existing and developing new port, rail, road, and air infrastructure to establish Namibia as a gateway to the SADC region and the African continent at large,” he said.
The President also outlined Namibia’s ambition to become a global leader in green hydrogen production, capitalising on its abundant renewable energy resources.
“Our country is endowed with natural wind and solar resources, and it is well on its way to becoming a competitive producer and exporter of green hydrogen. At present, we are collaborating with Germany in this new and exciting sector to develop a robust hydrogen industry and green value chains. We therefore invite interested investors to explore opportunities in green hydrogen and its derivatives, such as green ammonia and fertiliser production, in Namibia,” President Mbumba added.
