Nam targets global investors
Annual investment meeting in UAE
The Namibia Investment Promotion and Development Board (NIPDB) is present at the Annual Investment Meeting (AIM) 2023 taking place from 8 May to 11 May 2023 in Abu Dhabi.AIM is an influential platform that brings together investors, policymakers, and industry leaders from around the globe to foster economic growth and international cooperation.
Namibia's involvement in this meeting underscores its commitment to attracting investment, diversifying its economy, and establishing itself as a prime destination for global investors seeking growth and diversity in emerging markets.
As part of the key activities at AIM, Namibia takes centre stage during its country presentation on today. Additionally, the NIPDB, under the leadership of chairperson and chief executive, Nangula Uaandja, hosts two business forums to position Namibia as a lucrative investment destination and highlight the investment opportunities the country has to offer.
These sessions will be hosted on 10 May 2023 in Abu Dhabi and the second on 11 May 2023 in Dubai.
In addition to showcasing the country's investment opportunities, NIPDB in partnership with FNB Namibia is supporting five Micro Small and Medium Enterprises (MSMEs) with high growth potential to participate on the margins of the event by attending business meetings to form partnerships that can help their business access new markets and grow.
“As FNB Namibia, we feel that we must support initiatives that will grow MSMEs, not because we want to but because we need to. We have committed to sponsoring N$100 000 towards the NIPDB High Potential Pool, which will go to the five MSMEs,” FNB’s Area Business Manager for the Central Cluster, Jeffrey Katjivena.
As an emerging market that is competing for investment dollars with other countries in Africa and beyond, Namibia must maintain a continuous persistent presence, particularly at investment-focused events to create awareness of the country’s vast investment potential.
Through these awareness-creation efforts, Namibia has captured the attention of the Global Energy Community with its potential and focused strategy towards clean hydrogen production and the recent significant oil and gas discoveries, both onshore and offshore. These added to the country’s position as the second-largest producer of uranium, its biomass potential and abundant wind and solar resource, present unparalleled investment opportunities in the energy sector.
Furthermore, as the only African country that exports beef to China, the EU and the USA, Namibia presents investment opportunities in agriculture and is making moves to compete at a global level in the small livestock meat, dates, blueberries and grapes sub-sectors.