The Namibia Investment Promotion and Development Board is pleased to announce Namibia’s participation at the US-Africa Business Summit, set to take place in Botswana from 11 – 14 July 2023. A high-level delegation led by the Vice President H.E. Dr. Nangolo Mbumba will be representing Namibia to highlight investment opportunities in the country’s energy and other priority sectors including mining and agriculture.
Namibia’s energy sector is gaining notoriety for its diversity and growth. In the realm of oil and gas, recent significant exploration activities have led to considerable discoveries of approximately 11 billion barrels of oil equivalent that have the potential to place Namibia among the top oil and gas nations in Sub-Saharan Africa and globally. Our renewable energy sector is similarly robust, leveraging world-class solar PV and wind power potentials; together with enabling legislation Namibia currently has more than 19 independent power producers invest in 1.2 GW of new generation capacity.
We are also pioneering large-scale green hydrogen production, which could significantly enhance our economy and affirm Namibia’s place in the global green energy landscape by producing at least 10 million tonnes of green hydrogen annually by 2050. Concurrently, we are developing our emerging carbon markets, a step that signals our commitment to transformative climate action and sustainable development.
These developments will also form part of the discussions at the Invest in Namibia session scheduled to take place on the sidelines of the Business Summit on Thursday, 13 July 2023, at 12h00 – 14h00. Hosted by His Excellency Dr. Nangolo Mbumba, the Vice President of the Republic of Namibia and attended by high level officials from the public and private sector, the session will highlight the latest developments and investment opportunities in Namibia’s dynamic energy sector. Additionally, various speakers will amplify the Namibian government’s continued efforts to enhance the country’s investment landscape.
The high-level delegation is keen on sharing our recent achievements and advancements in the energy sector and is available for media interviews to discuss our strategies, accomplishments and future plans in greater depth.
The Namibian high-level delegation comprises:
- His Excellency, Dr Nangolo Mbumba – Vice President of the Republic of Namibia
- Hon. Calle Schlettwein – Minister of Agriculture, Water and Land Reform
- Hon. Lucia Iipumbu – Minister of Industrialization and Trade
- Ms. Nangula Uaandja – CEO and Chairperson of the Namibia Investment Promotion and Development Board