Windhoek – Namibian Minister of Finance Ipumbu Shiimi has underscored the need for solid public-private partnerships (PPPs) to enhance infrastructure development for sustainable economic growth.
Minister Shiimi told delegates to a PPP conference in Windhoek this week that such synergies would accelerate achievement of national objectives as outlined in the Harambee Prosperity Plan II, the National Development Plan 5 and Vision 2030.
The theme of the conference was “PPPs – A recipe for economic recovery and infrastructure development”.
Minister Shiimi said, “The government is committed to leveraging private sector capital to meet the infrastructural development needs of our country through public-private partnerships, particularly under the current economic climate. Among the targeted sectors identified for PPP investment opportunities are the water resource, particularly sea water desalination and waste water treatment, the renewable energy, given Namibia‘s high solar radiation resource and the country‘s comparative advantage for solar and wind power generation; the agriculture sector, health and education sectors as well as the construction and maintenance of bulk accommodation facilities.”
He rallied stakeholders to explore and seal investment opportunities in infrastructure development to expedite economic recovery and growth.
“It is through growth that the triple challenges of income inequalities, poverty and unemployment are sustainably addressed and eroded. This is the 6th National PPP Conference. Potential productive PPP opportunities have been put forth in prior years and, at this conference, a diversified portfolio of potential projects is unveiled. It is now material that the country moves to the implementation stage. In this respect, the conference brings together key stakeholders who will provide insight on the pertinent issues and challenges to developing credible, bankable and viable projects,” he said.
The Namibian finance chief pointed out that Namibia guaranteed policy certainty and an institutional framework in the PPP Unit under his ministry to drive co-operation between public and private sector actors.”