NAMIBIA INVITES FOREIGN INVESTMENTS IN FISHERIES, MINERAL SERCTORS

Namibian Prime Minister Saara Kuugongelwa-Amadhila has invited potential foreign investors to promote value-addition in the areas of fishing and mineral products, while areas of public concern should not be ignored.

Speaking during a panel discussion on "Namibia as an investment location" at the Invest in Namibia international conference here Tuesday, she also called on local and international investors to enter into private public partnership (PPP) agreements with the government.

Agreements for PPPs should focus on areas of public concern such as housing and energy, she told the two-day conference, which was held under the theme "Promoting Investment for Inclusive Growth and Industrialisation" and ended Wednesday.

She indicated that the government, through PPP agreements, was pursuing development of the Kudu Gas-to-Power project between national power utility NamPower and the National Petroleum Corporation of Namibia (Namcor).

The 1.2 billion US dollar project involves the construction of an 800 megawatt (MW) combined cycle natural gas-fired power station at Uubvlei in Kharas Region (Province).

Source: NAM NEWS NETWORK