The Namibia Investment Promotion and Development Board (NIPDB) is finalizing a Memorandum of Understanding with the Ghana Investment Promotion Centre.

The two met on the sidelines of the 53rd General Assembly of the just-ended World Trade Centres Association in Accra, Ghana.

The Ghana Investment Promotion Centre is the West African nation's foremost investment attraction and promotion agency under the Office of the President. 

The MoU aims to strengthen the role of Investment Promotion Agencies in facilitating investments and trade on the continent.

NIPDB Chairperson and CEO, Nangula Uaandja said if someone wants to sell to a larger population, Namibia is not where you invest. For investors that are coming and want to sell to the local market- Namibia is not what they will choose. And, therefore, our marketing is not for someone who will sell to Namibia. She said our marketing is for someone who wants to use Namibia as an area to export- yes to Africa but also to other markets that we have got. 

Deputy CEO of Ghana Investment Promotion Centre Yaw Amoateng Afriyie said there seems to be some genuine interest from their side and from their exporters.

The partnership also looks to explore how IPAs, can resolve the current limitations to leverage political platforms to drive and play a bigger role in the continental economic agenda.

"You would think that because we sit within the presidency we have a lot of power but it is far from the reality. We only have the powers to summon, but we cannot bind anyone to our will. So, when you sell some of these issues out, all IPAs in Africa have essentially the same problems and opportunities."