By Emma Kakololo
WINDHOEK
South Korea’s state-run Korea Electric Power Corp (KEPCO) has signed a cooperation pact with Forsys Metal Corporation Limited in uranium development.
The N$2-billion deal was signed on Wednesday during the Walvis Bay Spatial Development Initiative (WBSDI)/Namibia International Investment Conference, which aims to showcase investment projects in the country and discuss policy, regulatory and financial issues related to these projects.
Apart from the plenary phase, the conference also features a business-to-business matching component aimed at securing investors for identified projects in key sectors such as agri-business, aquaculture, energy, transport and infrastructure, IT and telecommunications, manufacturing, mining and minerals, tourism and services.
As can be attested to by the signing of various memoranda of understandings (MoUs) already on the first day of the two-day conference on Wednesday, it is clear that many of the foreign delegates had their minds already made up about the economic potential of the country.
“Namibia is a wonderful place to invest,” said Duane Parnham, Forsys’s chief executive officer, after the signing.
“The political environment is good as well as the people of Namibia. I’ve come to know Namibia as a place that the rest of the world would enjoy,” he added.
According to Parnham, both companies plan to conduct an aggressive exploration programme at Valencia Uranium mine, which is situated 35 km fromg the R??????’??