NAMIBIA SEEKS U.S. INVESTMENT TO BOOST INDUSTRIALISATION
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Namibia is seeking U.S. investment to drive industrialisation, expand energy production and ensure its mineral wealth creates jobs at home.
Namibia is seeking U.S. investment to drive industrialisation, expand energy production and ensure its mineral wealth creates jobs at home.
Africa's richest man, Nigerian industrialist Aliko Dangote, urged Africans to invest more of their capital at home and turn the continent's resources into finished products, telling Unstoppable Africa 2026 in New York that Africa must stop strengthening foreign economies at its own expense.
President Netumbo Nandi-Ndaitwah says Namibia aims to leverage its mineral-based economy by strategically managing the mining sector to benefit from the SADC industrialisation programme.
President Netumbo Nandi-Ndaitwah says the SADC region has prioritised critical industrial sectors to curb heavy import reliance and maximise finished product exports.
The Southern African Development Community (SADC) needs to accelerate the establishment of a regional development fund in order to financially boost regional industrialisation through core investments.
Namibia is aligning its national priorities, especially in mineral beneficiation, with SADC's industrialisation goals.
President Netumbo Nandi-Ndaitwah will join regional leaders in South Africa to deliberate on key economic, industrialisation, infrastructure, peace and security priorities as she participates in the 46th Ordinary Summit of the Southern African Development Community Heads of State and Government in Durban.
African countries that gained independence decades before Namibia have a role to play in its industrialisation pursuit through investment, value addition and regional trade.
The Namibia Biomass Industrial Group says the participation of key exhibitors contributed significantly to the success of this year's Biomass Fair at Otjiwarongo.
The Minister of Environment, Forestry and Tourism, Indileni Daniel, has called for greater investment in Namibia's biomass industry, saying the sector has the potential to create jobs, restore degraded land and drive economic growth.