Namibia to present investment opportunities at Davos
President Hage Geingob on Sunday led a delegation to the World Economic Forum annual meeting scheduled to take place from 22-26 May 2022 in Davos Klosters, Switzerland.
WEF is an international organisation that was started to “improve the state of the world”.
Participation at the WEF is by membership or private invitation only. Namibia will be attending following an invitation from Klaus Schwab, the founder and executive chairman of the WEF, to showcase the country’s green hydrogen potential and strategy. An invitation to Davos comes with immense benefits for Namibia, primarily to showcase the country’s investment potential to global leaders and some of the wealthiest nations and entrepreneurs in the world. Namibia’s presence at WEF underscores the country’s ability to contribute toward setting the international agenda, particularly in the area of renewable energy which underpinned the invitation to the forum. A statement issued on Sunday by the Namibia Investment Promotion and Development Board (NIPDB) noted that this is the first time
Namibia will be attending the meeting, which is taking place under the theme ‘History at a Turning Point: Government Policies and Business Strategies’.
Geingob is expected to join over 2 000 leaders in Davos.
WEF brings together world leaders in business, politics, arts and academia, among others, to discuss major issues that impact the global economy.
According to the statement, Namibia’s agenda at WEF is to announce that the country is open for business and present highvalue investment opportunities in identified sectors.
“It is also a platform to engage with potential investors with the aim of stimulating foreign direct
investment needed to enable the country to build a strong, private sector-led economy and inclusive growth that drives employment creation and other economic opportunities for Namibians,” the statement noted.
NIPDB CEO, Nangula Uaandja is quoted in the statement as saying that Namibia has unlimited potential and holds economic promise for both investors and the country’s people.
“The high level of unemployment and sustained economic contraction, exacerbated by the Covid-19 pandemic accelerated the need for our country to boost investment promotion in order to stimulate economic recovery,” she added.
While showcasing the country’s green hydrogen potential certainly tops Namibia’s agenda at WEF, other key sectors have been specifically identified for investment promotion at the gathering, namely: infrastructure, transport and logistics, tourism, agriculture and oil and gas.