NAMIBIA TO SPEND 50 MILLION NAD TO HOST 2018 SADC SUMMIT

WINDHOEK-- The Namibian Government will spend an estimated 50 million Namibian dollars (NAD), or about 3.8 million US dollars, to host the 38th Summit of heads of State and gopvernment of the Southern African Development Community (SADC) here on Aug 17 and 18 this year.

Briefing President Hage Geingob on preparations for the summit here Wednesday, Minister of Industrialisation, Trade and SME Development Tjekero Tweya said the preparations were being carried out in accordance with SADC procedures and the role which a country assuming the chairmanship is expected to play. Namibia is set to assume the position of SADC Chair at the summit.

"There is a need to come up with a paper which will unpack issues around the theme and recommend exactly what it is Namibia as a country wants to see achieved with the theme," said Tweya, referring to the theme of "Promoting Infrastructure Development and Youth Empowerment for Sustainable Development" which has been chosen for the summit.

President Geingob said the theme should befit its meaning by involving the youth, private sector and relevant stakeholders.

The summit will be preceded by meetings of senior officials and then SADC Council of Ministries scheduled for Aug 9 to 14 as well as the third SADC Industrialisation Week from July 30 to Aug 1.

Source: NAM NEWS NETWORK