{"id":20358,"date":"2022-05-23T09:26:39","date_gmt":"2022-05-23T09:26:39","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-first-time-presence-at-wef-annual-meeting-underscores-global-relevance"},"modified":"2022-05-23T09:47:58","modified_gmt":"2022-05-23T09:47:58","slug":"namibias-first-time-presence-at-wef-annual-meeting-underscores-global-relevance","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-first-time-presence-at-wef-annual-meeting-underscores-global-relevance","title":{"rendered":"Namibia\u2019s first-time presence at WEF annual meeting underscores global relevance"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>PRESIDENT Hage Geingob and a delegation of top officials and representatives have left the country for Switzerland where Namibia will attend the World Economic Forum (WEF) annual meeting for the first time, following an invitation from the Founder and Executive Chairman of the WEF, Klaus Schwab, to showcase the potential and strategy of Green Hydrogen.<\/p>\n

They will join over 2 000 leaders at the event held from 22 to 26 May, under the theme \u201cHistory at a turning point: Government Policies and Business Strategies\u201d.<\/p>\n

This invitation holds immense benefits for Namibia, primarily to showcase the country\u2019s investment potential to global leaders and some of the wealthiest nations and entrepreneurs in the world.<\/p>\n

Namibia\u2019s presence at the meeting underscores the country\u2019s ability to contribute to setting the international agenda.<\/p>\n

Other key sectors such as infrastructure, transport and logistics, tourism, agriculture and oil and gas have also been identified for investment promotion.<\/p>\n

Updates on Namibia\u2019s activities at the WEF annual meeting will be provided on the Namibian Presidency\u2019s social media platforms.<\/p>\n

The Namibian Presidency released a media statement detailing the specifics and importance of the annual meeting:<\/p>\n

Namibia Road to World Economic Forum 2022<\/p>\n

Namibia has for the first time been invited to participate at the World Economic Forum (WEF) Annual Meeting scheduled to take place from 22 \u2013 26 May 2022 in Davos-Klosters, Switzerland, under the theme \u201cHistory at a Turning Point: Government Policies and Business Strategies\u201d.<\/p>\n

His Excellency President Hage Geingob is expected to join over 2 000 leaders in the ski resort of Davos, as he leads the Namibian delegation to one of the most high-profile meetings of global leaders.<\/p>\n

WEF is an international organization that was started with the aim to \u2018improve the state of the world\u2019. Headquartered in Geneva, Switzerland, WEF brings together world leaders in business, politics, arts and academia amongst others to discuss major issues that impact the global economy. These include, but are not limited to political, economic, social, and environmental concerns.<\/p>\n

Participation at the WEF is by membership or private invitation only. Namibia will be attending following an invitation from Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, to showcase our Green Hydrogen potential and strategy.<\/p>\n

An invitation to Davos comes with immense benefits for Namibia, primarily to showcase the country\u2019s investment potential to global leaders and some of the wealthiest nations and entrepreneurs in the world. Namibia\u2019s presence at WEF underscores the country\u2019s ability to contribute towards setting the international agenda, particularly in the area of renewable energy which underpinned the invitation to the forum.<\/p>\n

Further to that, the innovative ideas and best practices learned in Davos will be valuable for Namibia to improve her competitiveness in this modern economy.<\/p>\n

According to the World Economic Forum \u201cthe Annual Meeting 2022 will embody the World Economic Forum\u2019s philosophy of collaborative, multi stakeholder impact, providing a unique collaborative environment in which to reconnect, share insights, gain fresh perspectives, and build problem-solving communities and initiatives. Against a backdrop of deepening global frictions and fractures, it will be the starting point for a new era of global responsibility and cooperation\u201d.<\/p>\n

WEF mentioned in a statement that some of the topics to be discussed at the annual meeting will include the restoration of global order and regional cooperation, securing the economic recovery and shaping a new era of growth, building healthy and equitable societies, safeguarding climate, food and nature, driving industry transformation, and harnessing the power of the fourth industrial revolution.<\/p>\n

Namibia\u2019s Agenda at Davos<\/p>\n

Namibia is headed to Davos with a clear agenda to announce that the country is open for business, present high value investment opportunities in identified sectors and engage with potential investors with the aim of stimulating foreign direct investment needed to enable the country to build a strong, private sector led economy and inclusive growth that drives employment creation and other economic opportunities for Namibians.<\/p>\n

\u201cAs an emerging market, Namibia has unlimited potential and holds economic promise for both investors and the country\u2019s people. The high level of unemployment and sustained economic contraction, exacerbated by the Covid-19 pandemic has accelerated the need for our country to boost investment promotion in order to stimulate economic recovery\u201d, said Nangula Uaandja, CEO of the Namibia Investment Promotion and Development Board, that has been tasked with facilitating Namibia\u2019s participation at WEF.<\/p>\n

According to Uaandja, \u201cthe World Economic Forum brings together influential figures, key decision makers and some of the biggest investors from all over the world, and we are going there with a clear and collective objective of harnessing the opportunity to make a case for why Namibia is a viable investment destination\u201d.<\/p>\n

She added that foreign direct investment is crucial because it can help the country to deliver sustainable economic growth and opportunities for all Namibians.<\/p>\n

While showcasing the country\u2019s green hydrogen potential certainly tops Namibia\u2019s agenda at WEF, other key sectors have been specifically identified for investment promotion at the WEF and these are: Infrastructure, Transport & Logistics, Tourism; Agriculture; and Oil & Gas.<\/p>\n

Several high level events have been planned to showcase these sectors to potential investors. These include positioning the country as a strategic logistics hub serving as a gateway to SADC and unveiling several large infrastructural projects to both domestic and foreign investors.<\/p>\n

Namibian Delegation<\/p>\n

Under the leadership of His Excellency, Dr. Hage G. Geingob, the President of the Republic of Namibia, the country will be represented by a strong but lean delegation consisting of Ministers, senior government officials and private sector representatives, including: Governor of the Bank of Namibia; CEOs or Senior Officials of SOEs with projects selected for promotion to potential investors; CEOs and Senior Officials of 4 large current players in Namibia Private Sector companies; and Hyphen, the preferred bidder for the country\u2019s first large scale Green Hydrogen project.<\/p>\n

The private sector is poised to play a significant role in accelerating the country\u2019s economic recovery and growth through smart partnerships and collaboration with the government that will yield significant results including the creation of much needed jobs.<\/p>\n

It is against this background that a number of private sector representatives have been invited to participate at WEF as part of the Namibian Government delegation.<\/p>\n

A number of larger companies in finance, tourism, logistics and infrastructure construction were invited to participate and contribute to the cost of Namibia\u2019s participation in order to ensure diversity of sectors of focus at WEF in the delegation and embody the true spirit of public-private sector collaboration.<\/p>\n

The Namibian economy needs a catalyst to drive recovery and growth, as the ripples of economic uncertainty continue to be felt across the country.<\/p>\n

Foreign trade and direct investment are currently the most viable lever the country can leverage to unlock sustainable economic opportunities that make prosperity a real possibility for all Namibians, today and for generations to come.<\/p>\n

The World Economic Forum presents an enormous opportunity for Namibia to secure these investment opportunities that will make the benefits of economic growth a reality and improve the quality of life for Namibians.<\/p>\n

The full programme of activities to be hosted by Namibia at the World Economic Forum will be provided in due course. For updates on Namibia\u2019s activities at WEF Annual Meeting, follow Namibian Presidency and NIPDB on social media platforms, @nampresidency and @nipdb across all platforms.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. PRESIDENT Hage Geingob and a delegation of top officials and representatives have left the country for Switzerland where Namibia will attend the World Economic Forum (WEF) annual meeting for the first time, following an invitation from the Founder and Executive Chairman of the WEF, Klaus Schwab, to showcase the potential and strategy […]<\/p>\n","protected":false},"author":84,"featured_media":20357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,7,8,12,16],"tags":[234,236,233],"class_list":["post-20358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamibia\u2019s first-time presence at WEF annual meeting underscores global relevance - Namibia<\/title>\n<meta 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