President Netumbo Nandi-Ndaitwah emphasized the need for a balanced partnership between the government and the private sector to foster a mixed economy and drive national development, particularly in job creation.

During the "Invest in Namibia" session at the 17th U.S.-Africa Business Summit, Dr. Nandi-Ndaitwah highlighted the strategic importance of empowering local entrepreneurs and businesses to compete on a global scale.

She stressed the significance of domestic investment in key sectors that have traditionally been dominated by foreign interests.

Addressing global trends in technology and clean energy, the President pointed to Namibia's abundant mineral resources, including zinc, copper, iron ore, lithium, and uranium, as critical assets in the evolving technological landscape.

President Nandi-Ndaitwah says that Namibia is open to both local and foreign investment, aiming to meet the aspirations of its people while enhancing its role in the global economy.

She particularly welcomed foreign investors in major industries like mineral extraction and value addition, but noted that sectors such as retail should be reserved for local businesses.

The President invited investors to collaborate with Namibia in tackling key challenges such as unemployment and inequality.

Nangula Uaandja, CEO of the Namibia Investment Promotion and Development Board, emphasized the vital role of foreign direct investment in driving economic growth.

The President also highlighted the importance of skills transfer as a means to empower local communities and build a more inclusive economy.