NIPDB currently facilitating N$94.72bn potential investments

May 05, 2022 4217

Namibia Investment Promotion and Development Board (NIPDB) says it currently has N$ 94.72 billion active prospective investments being facilitated, with a potential of creating 122 000 jobs.

Based on the multiplier effect, NIPDB Chairperson and Chief Executive Officer, Nangula Uaandja said the investments have a total GDP impact potential of N$ 185.51 billion, of which N$ 17.5 billion is in the Treasury.

Uaandja said potential renewable energy projects worth N$37.85 billion were in the pipeline, followed closely by other sources of energy which have attracted investments worth N$31.36 billion.

Real Estate and Housing according to NIPDB figures have attracted N$10.48 billion in potential investment, followed by Metals, Mining & Adjacent Industries at N$9.85billion.

The country’s Transportation & Logistics sector according to the NIDPB has attracted N$1.8 billion in potential investment, Agriculture & Food Processing N$1.55 billion, Machinery, Electronics & Other Manufacturing, N$750 million, Digital & Global Business Services N$950 million, Tourism, Hospitality & Entertainment N$100 million and Health & Pharmaceutical N$40 million.

Uaandja said N$ 4.83 billion Impact of Investments are already facilitated towards Capital Deployment or Implementation.

The pronouncement by the investment body comes as the Namibian Pavilion at the just ended Dubai Expo recorded a total of 397 255 visitors and 192 investment leads, primarily in the areas of renewable energy, tourism and education.

Rate this item
(0 votes)
Last modified on Monday, 09 May 2022 17:07

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries