Namibia is gearing up to make its mark at the upcoming 7th Nigeria International Energy Summit (NIES) in Abuja, Nigeria from 26 February to 1 March 2024. Led by the Minister of Mines and Energy, Honourable Tom Alweendo and supported by the Namibia Investment Promotion and Development Board (NIPDB), a business delegation with interests in participating in the upstream oil and gas services sector will be representing Namibia’s interests at this esteemed event.
The NIES has established itself as a prominent platform for African nations to engage with the global energy community, leveraging on the successes of previous editions to foster collaboration, knowledge exchange and investment opportunities. Namibia’s participation underscores its commitment to learning from Nigeria’s journey in energy development, particularly in unlocking local content creation and driving socio-economic growth.
A highlight of the summit will be the National Oil Companies (NOCs) Forum, which will bring together CEOs and key stakeholders from various African NOCs. Under the sub-theme “Sustainable Strategies for Energy Leadership: Navigating Security, Transition, and Finance in a Changing World,” this session is poised to shape the future of the energy sector across the continent.
On the sidelines of the summit, the NIPDB will host two key events:
NIES-Namibia B2B Forum 2024
Date: Wednesday, 28 February 2024
Time: 14:00 – 19:00
Venue: Abuja (Location to be confirmed)
The Business-to-Business (B2B) networking event aims to foster collaborations between Nigerian and Namibian businesses. By providing a platform for networking, knowledge sharing and partnership building, the forum seeks to promote market access, investment opportunities and technological advancements between the two countries.
Discussions will also focus on Namibia’s energy ambitions and investment opportunities in exploration. Through interactive sessions, participants will gain valuable insights into potential partnerships and avenues for growth.
Invest in Namibia Forum
Date: Thursday, 29 February 2024
Time: 09:30 – 13:00 pm
Venue: Abuja (Location to be confirmed)
This session will showcase Namibia as a premier investment destination across various economic sectors. Through presentations, panel discussions, and interactive sessions, the forum will highlight key sectors of interest and facilitate connections between potential investors and Namibian entities.
For inquiries and attendance, please contact:
Mr. Hafeni Motsi
Senior Energy Investment Analysis
hafeni.motsi@nipdb.com
+264 (0) 81 144 1476
Mrs. Theresa Sipiho
Investment & Export Promotion Attaché (Sub-Sahara Africa)
theresa.sipiho@nipb.com
+27664843005
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In partnership with the Rand Merchant Bank (RMB) Namibia, the NIPDB hosted an “Invest in Namibia Summit” on the margins of the 78th session of the United Nations General Assembly (UNGA) in New York, United States.
Building on the significant interest Namibia attracted on account of recent oil and gas discoveries and green hydrogen projects that have placed Namibia on the radar of investors, the summit was needed to amplify Namibia as a preferred investment destination and attract investment into other sectors of the economy, such as green hydrogen, agriculture, tourism and mining, in addition to further investment in oil and gas. RMB’s partnership was therefore invaluable to foster awareness of Namibian opportunities to the international community towards increased investment interest.
In collaboration with the World Economic Forum (WEF), NIPDB is developing the Namibia Sustainable Supplier Database (SD2). This database comprises an online, centralised repository of information about domestic companies that aims to support domestic and international investors to identify potential suppliers, service providers, or business partners in Namibia.
This initiative is expected to create a triple benefit as follows:
The Know2Grow (K2G) High Potential Pool is designed to assist in expanding the activities of export-ready micro and small businesses with significant potential for exporting their products. In 2023, Nedbank Namibia, First National Bank Namibia and Bank Windhoek made a generous pledge of N$300,000 to support the High Potential Pool.
More than 20 export-ready MSMEs from the K2G-High Potential Pool have participated. They were selected to take part in international events focusing on market access and export promotion, including the Annual Investment Meeting held in Abu Dhabi in May 2023, the 3rd China-Africa Economic and Trade Expo, and the Southern Africa International Trade Expo (SAITEX) as part of Africa’s Big 7 exhibition held in Johannesburg in May and June 2023, respectively.