Namibia-EU Business Forum seeks N$390 billion investment for green energy and economic diversification
via The Namibian2 min read
The Namibia-European Union Business Forum, scheduled for May 12-13 in Windhoek, aims to secure N$390 billion in private investment through loans and grants under the Global Gateway initiative. This investment will support green energy, logistics hubs, and sustainable economic diversification in Namibia. EU ambassador Ana-Beatriz Martins announced the forum, emphasizing the EU's commitment to Namibia's economic growth, inclusiveness, and resilience, aligning with Namibia's sixth National Development Plan. The forum, themed 'Towards Stronger, Greener and More Diversified Economies: Catalysing Business and Trade Opportunities Between the EU and Namibia', will focus on sectors such as green hydrogen, renewable energy, critical raw materials, agribusiness, cultural and creative industries, and the automotive industry. Walvis Bay and L眉deritz are expected to become key logistics hubs through these investments. Asser Nashikaku, acting chief executive director of international relations and trade, highlighted the importance of these sectors for economic transformation and employment, particularly Namibia's partnership with the EU in green hydrogen, positioning the country as a future clean energy hub. The forum, building on a previous edition in Brussels in 2023, is expected to attract around 400 high-level participants from government, the private sector, investors, development finance institutions, and policymakers.
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This summary was AI-generated from a story originally published by The Namibian.
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