Windhoek – Namibian President Hage Geingob says part two of his visionary Harambee Prosperity Plan (HPPII) will focus on power and water infrastructure, as well as improving the country’s investment climate over the next five years.
Unveiling HPPII this week, President Geingob said key among earmarked projects are construction of a desalination plant for Erongo Region to boost mining activities, expansion of electricity generation capacity by 250MW, optimising operations at the Walvis Bay Container Terminal, and establishment of an Economic Free Zone.
Namibia’s Head of State and Government said the principles underlying the infrastructure and policy work were youth empowerment, world class healthcare and education, which he said were vital cogs for meaningful, sustained and sustainable development, delivering broad-based prosperity and recovering from the economic and social impact of COVID-19.
“The Harambee Prosperity Plan II will be executed in the context of the global COVID-19 pandemic and the resultant health, social and economic crises. Thus far, the Government executed a fine balancing act of safeguarding Namibian lives, whilst mitigating the worst impacts on the economy.
“In light of COVID-19 and other socio-economic challenges, the Harambee Prosperity Plan II presents an opportunity to build on the legacy of the past three decades and guarantee a more secure future through resilient processes, systems and institutions.
“Fellow Namibians, The Harambee Prosperity Plan II is premised on effective governance as an enabler of socio-economic development. Through the HPPII roadmap, I am confident that Namibia will strengthen its effective governance architecture through responsive processes and systems, and accountable institutions that deliver quality public services,” President Geingob said.
He said there would be significant on economic advancement and poverty reduction among previously disadvantaged communities.
“Harambee Prosperity Plan II commits to deliver the following key reforms: The Government will establish a Sovereign Wealth Fund; COVID-19 disrupted supply chains and demand which led to the closure of businesses. The Government commits to review legislation in favour of regulations that facilitate business rescue to assist businesses that are in financial difficulties.
“As part of the review of the public enterprises ownership policy, the Government will list MTC shares with the aim of raising at least N$3 billion; and employment creation is a core objective of the plan.”
He added: “Through projects outlined in HPPII, we aim to create new jobs for Namibians. Given our world class renewable energy resources, Namibia will develop a national strategy for developing green hydrogen and ammonia. As we pursue this strategy, we have the opportunity to become the first country in Africa to achieve carbon neutrality and utilise the African Continental Free Trade Area to export clean energy to our neighbours.”
President Geingob noted that infrastructure development was a catalyst for industrialisation and economic growth, and public-private partnerships were essential to delivering key infrastructure that would position Namibia as a logistics hub with attractive world class facilities.
On Namibia’s foreign policy objectives, He said his administration would “will continue to be guided by the values of justice and solidarity, whilst reaffirming our commitment to multilateralism as the best guarantor for a healthier and safer planet”.
“In the Harambee Prosperity Plan, we will strengthen inter-ministerial co-ordination to enable our global diplomatic footprint of missions and embassies to play a pivotal role in economic diplomacy to attract investments and grow our exports as a means to grow the economy in order to create employment, thereby eradicating poverty.
“We cannot achieve the goal of a prosperous Namibia, if we do not deepen regional integration and Pan-African solidarity.”