Georgia companies interested in exploring the wide range of investment opportunities in Namibia Oct. 26-30 may still sign up to join a trade mission to be led by the southern African country’s ambassador to the United States, Martin Andjaba.
Mr. Andjaba told Global Atlanta in a phone interview from the Namibian embassy in Washington that the mission is open to U.S. and Canadian companies seeking opportunities in his homeland that enjoys one of the continent’s leading economies.
He said that a dozen companies were already signed up for the mission, but that others would be welcome to join them.
Participants are first to attend a seminar providing an overview of Namibian’s economy and its investment opportunities hosted by the Investment Center of the Ministry of Industrialization, Trade and SME (Small, Medium Enterprises) Development.
They then will meet with local government officials and company representatives from multiple sectors including the Ministry of Mines and Energy, the Namibia Port Authority (NamPort), NamPower, which produces and transmits power, and other state-owned enterprises.
The country is famous for its abundance of natural resources including deposits of diamonds and uranium, copper, lead, zinc, gold, semiprecious stones, industrial minerals, salt and fluorspar.
Since it is situated on the Atlantic coast, Namibia has rich fishing grounds and its agricultural sector includes the cultivation of many crops such as maize, wheat, millet, groundnuts, beans and cotton as well as diverse animal husbandry.
Mr. Andjaba said, however, that because of the strength of Georgia’s ports and highways, local logistics companies may be particularly interested in the development of Namibia’s Port of Walvis Bay and his country’s emerging role as a regional center from which to do business in surrounding Angola, Zambia, the Democratic Republic of the Congo, Botswana and South Africa.
Although it has a population of only 2.1 million, Namibia has preferential trade access to the 190 million inhabitants of the Southern African Development Community (SADC) as one of its 14 member states. Namibia also belongs to the Southern African Customs Union (SACU) providing it duty and quota free access to the South African market and elsewhere.
Among the projects either underway or being considered are freight villages, truck stops, marina development, fuel facilities, a trans-Kalahari railway, a variety of hydro-electric and wind energy projects.
Namibia also has a large number of manufacturing projects ranging from the auto industry to wood logging and processing.
In addition, the ambassador pointed to the country’s active tourism sector including wildlife resort hospitality facilities and a variety of tours.
He also said that there were many opportunities to work with the country’s educational and health care sectors.
Namibia’s economy has been praised by a variety of global business and financial news providers including Bloomberg Markets and Forbes magazines for its ease of doing business, its reduction of red tape and economic freedom.
Rating agencies such as Fitch are optimistic about its economy’s performance this year. Gross domestic product accelerated to 5.3 percent last year, rising from 5.1 percent in 2013, primarily because of heightened construction and retail activity.
Tashi Shiimi-ya-Shiimi, managing director of the TaTe Group, which has its headquarters in Atlanta and offices in Windhoek, the capital of Namibia, confirmed for Global Atlanta the availability of investment opportunities.
Over the past 12 years, Mr. Shiimi-ya-Shiimi has managed to include in the company’s portfolio of activities interests in mining and manufacturing, luxury goods and jewelry, oil and gas, information technology, fishing, real estate and financial services.
During a phone interview from Windhoek, he praised Namibia’s telecommunications facilities and transportation infrastructure. The crystal clear reception of his call was proof enough of the country’s telecom capabilities.
He said that Georgians would find representatives of the Centers for Disease Control and Prevention in Windhoek, and that he even had furniture delivered to his residence there by United Parcel Service Inc.
As further evidence of the close ties he has developed between Namibia and the U.S., he pointed to TaTe’s role as the only holder of a Microsoft Learning Partner License in Namibia.
TaTe’s subsidiary company, Exedin Training Academy, is based in his Windhoek office where its training facilities are located.
For more information or to reserve a place on the trade mission, contact Freddie Gaoseb, commercial counselor by sending an email to email@example.com or calling (202) 986-2007.