WINDHOEK: Deputy Executive Director in the Ministry of Mines and Energy, Gloria Simubali has led a delegation to the ‘Investing in African Mining Indaba 2024’, which commenced in Cape Town, South Africa on Monday.
A media statement availed by the Ministry of Mines and Energy said Namibia will during the indaba showcase the opportunities the country presents in the mining sector to a global audience of foremost thinkers in mining.
Namibia’s rich mineral resources and recent resource discoveries make it a hotspot for renewable energy development and a top choice for mining investment.
‘The Namibian mining sector plays a significant role in the economy, accounting for about 12.2 per cent to the country’s Gross Domestic Product (GDP) in 2022, or no less than 14.3 per cent when minerals processing and beneficiation are considered,’ it read.
The statement further said the delegation will promote Namibia’s investment prospects in the mining sector and related industries through a series of Business-to-Business (
B2B) and Business to Government (B2G) meetings, as well as a country showcase panel discussion focusing on critical raw materials development and local value addition in the Namibian context.
The Mining Indaba is expected to allow Namibia to showcase its potential amongst other mining countries.
The delegation further consists of government and public sector officials, the Namibian Chamber of Mines, representatives from mining houses and other private sector players and will be participating under the theme ‘Namibia: Taking the bold steps to sustainable mining: shaping a green tomorrow’.
It ends on Thursday.
Source: The Namibia Press Agency
A ministerial working session held Tuesday afternoon at the Government Palace in the Kasbah examined the various aspects of the business plan proposed to relaunch the activities of the Société Générale d’Entreprise de Matériel et de Travaux (SOMATRA-GET).
Chaired by Prime Minister Ahmed Hachani, the meeting was briefed about the resumption of activities by the company, which has started work on the mega-projects that were blocked after the last working session.
The meeting provided an opportunity to examine the various proposals and alternatives put forward in the company’s draft business plan, with a view to maintaining its activity and thus its strategic role in the construction and public works sector.
The representatives of the banking sector were unanimous in stressing the need to ensure the long-term survival of Somatra-GET, given its major contribution to the completion of public works.
They expressed their willingness to provide the necessary support as part of a collective national effort to enab
le the company to successfully fulfil its mission.
The meeting was attended by the Ministers of Economy and Planning, Public Works and Housing, Social Affairs, Agriculture, Water and Fisheries, as well as the Ministers of Health and Transport and the President of the Banking and Finance Council (CBF).
Source: Agence Tunis Afrique Presse