Investments & Projects

Dr. Ibe Kachikwu, to appear before its Committees on Petroleum (Upstream), Gas and Foreign Affairs to explain the rationale behind the $100 billion memorandum of understanding (MoU) he signed with Chinese companies and another proposed $15 billion investment deal with India.

Government said the renewed emphasis on stimulating private sector investment was predicated on its belief that it was only by partnering with the private sector that the economy could be thrusted onto the path of sustainability and brought out of recession.

Construction of cross-border markets along key borders linking Rwanda with its neighbours will be accomplished in the next five years and, once completed, will enhance regional trade.

The petroleum industry in Nigeria is the largest on the African continent. Nigeria attracts $393 million foreign investment in its Oil Sector in 9 month.

Johannesburg also known as Jozi, Joburg,is the largest city in South Africa and is one of the 50 largest urban areas in the world.It is the provincial capital of Gauteng, which is the wealthiest province in South Africa.

Namibia's Rail, Agriculture and Housing Sectors absorb investment. Several South African and Chinese investors expressed interest in investing in the rail, agriculture and housing sectors.

The Minister of Investment Dr. Mudathir Abdul-Ghani Abdul-Rahman has said that the investment projects would open up prospects for the national labor. The foreign investments to Sudan reaches two billion dollars.

More than a thousand local and international investors are expected to attend the Invest in Namibia international conference, which is expected to be opened by President Hage Geingob in Windhoek today.

Chinese contractor Sino-Hydro has signed an agreement with the Zimbabwean government for the construction of a new dam north-east of Harare that will augment supplies from four other reservoirs which are failing to cope with demand.