OM to help in mobilising local capital

KEETMANSHOOP – Southern Namibia offers immense potential for attracting investment projects, especially in the mining, agriculture, tourism and energy sectors.

Stakeholders in this part of the country have, therefore, been urged to take full advantage of infrastructure expansion plans in the region. Speaking at a conference here on Monday, the Group Chief Executive Officer of Old Mutual Namibia, Johannes !Gawaxab, noted that the country as a whole had the potential of attracting investment projects of more than N$10 billion over the next three years.”Realising these projects, however, requires very strong private-public sector co-operation, as well as profound efforts to attract foreign direct investment,” !Gawaxab said.He added that large infrastructure projects such as the Kudu Gas exploration, a possible iron factory and investment in the hospitality industry are in the pipeline in the south of the country.He, however, said that realising the potential of the region required visionary leadership, stability and comprehensive proposals that would entice investors.!Gawaxab said Old Mutual Namibia was ready to assist in mobilising local resources to realise investments in medium and large infrastructural projects.The company has, therefore, created a vehicle called Managing Infrastructural Development in Namibia, with a start-up capital of N$40 million.He said the fund had received positive response from all stakeholders and plans are being made to increase its targeted size to more than N$300 million.-NampaSpeaking at a conference here on Monday, the Group Chief Executive Officer of Old Mutual Namibia, Johannes !Gawaxab, noted that the country as a whole had the potential of attracting investment projects of more than N$10 billion over the next three years.”Realising these projects, however, requires very strong private-public sector co-operation, as well as profound efforts to attract foreign direct investment,” !Gawaxab said.He added that large infrastructure projects such as the Kudu Gas exploration, a possible iron factory and investment in the hospitality industry are in the pipeline in the south of the country.He, however, said that realising the potential of the region required visionary leadership, stability and comprehensive proposals that would entice investors.!Gawaxab said Old Mutual Namibia was ready to assist in mobilising local resources to realise investments in medium and large infrastructural projects.The company has, therefore, created a vehicle called Managing Infrastructural Development in Namibia, with a start-up capital of N$40 million.He said the fund had received positive response from all stakeholders and plans are being made to increase its targeted size to more than N$300 million.-Nampa