BILATERAL talks between the Heads of State of Namibia and Japan during the seventh Tokyo International Conference on African Development (TICAD), held in the port city of Yokohama, resulted in Japan committing N$42 million to the Namibian Vocational Education and Training Sector.
President Hage Geingob concluded his working visit to Japan for TICAD Summit where he promoted Namibia as an investment destination. During the visit Dr. Geingob held bilateral talks with the Japanese Prime Minister Shinzō Abe.
The President participated alongside other African Heads of State and leaders of Multilateral Organizations in TICAD7 under the theme “Advancing Africa’s Development through People, Technology, and Innovation”.
During the bilateral talks with the Prime Minister of Japan discussions focussed on how the two countries could deepen investment and economic cooperation, including cooperation in multilateral forums. Prime Minister Abe informed President Geingob that Japan considers Namibia as a potential investment destination and more could be done to lure Japanese businesses to Namibia.
Prime Minister Abe pledged a grant of N$42 million for equipment to be used in the Vocational Education Sector and also said that Japan would assist Namibia with disaster relief.
President Geingob saidthat Japan was a trusted partner of Namibia, with the country having played an important role in the training of Namibians.
Dr. Geingob said with democracy firmly entrenched, Namibia is now focused on the struggle for economic emancipation by building investor confidence, creating a conducive business environment and becoming a destination of choice for tourists, international business and investors.
The two leaders also discussed the situation in the Korean Peninsula and the reform of the United Nations Security Council.
President Geingob delivered remarks in the Plenary “Public Private Business Dialogue where he informed political and business leaders that 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 Southern African Development Community region with 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.”
President Geingob also held several side engagements during TICAD7, including with the Japan AU Parliamentary Friendship Association, Japanese Companies currently doing business in Namibia and Namibian Students studying for their PhDs at Universities in Japan.
Seeking new investments, President Geingob encouraged Japanese businesses with operations in Namibia to continue investing in the country.
On TICAD, Dr. Geingob said: “Japan is a longstanding development partner of Africa and our achievements through TICAD have been impactful. Let us continue on this path.”