Vice President Nangolo Mbumba says the discovery of oil and other strategic resources in Namibia have opened up investments and value chains.

Mbumba addressed the Invest in Namibia session on the margins of the US-Africa Summit underway in Tlokweng, Botswana.

The session was convened by the Namibia Investment Promotion and Development Board (NIPDB).

Namibia's investment policies and protection remain key as the country aims to diversify its economic sectors.

The Vice President, however, says the government's priority is that investments help alleviate socio-economic challenges such as unemployment and inequality.

The Namibia Investment Promotion and Development Board identified investment potential in the sectors of energy, agriculture, mining, and tourism for investors across Africa and the U.S.

Meanwhile, the Namibia Investment Promotion and Development Board and Botswana Investment and Trade Centre signed an agreement to promote cross-border collaboration, among others.