Approximately eight months after starting operations, the Namibia Investment Promotion and Development Board (NIPDB) has bagged its first award.
On 11 December 2021, the NIPDB was honoured with a Quality Achievement Award by the European Society for Quality Research (EQSR) at an award ceremony and convention held in Dubai, UAE.
The ESQR is a European organisation, headquartered in Lausanne, Switzerland.
The annual ESQR Quality Achievement Awards honours and promotes quality awareness, recognises good business practices, technological innovation, quality achievements in companies, public administrations and organisations worldwide.
According to the ESQR, the award winners are selected by ESQR based on the results of the ESQR’s polls, consumer opinion research and market study.
“We are proud of this achievement and what it represents for the NIPDB and Namibia at large. The NIPDB is still a young organisation, but we are a determined, agile and resilient team that is fully committed to delivering on our mandate to facilitate investments into Namibia and unlocking opportunities that enable a better quality of life for all Namibians. This award is a feather in our cap and international recognition of the hard work the Board is doing to market Namibia to the world as an attractive investment and tourist destination,” said Nangula Uaandja, the CEO of NIPDB.
The NIPDB has a significant role to play in driving the country’s economic development. As a public entity in the Office of the President, the NIPDB exists to spearhead Namibia’s economic revival, with a specific focus on investment promotion and facilitation.
With the current state of our economy, investment by local and foreign nationals has been identified as the most viable lever Namibia can pull to propel economic growth.
Since its inception in April this year, the NIPDB has engaged in various activities, aimed at positioning Namibia as an attractive and viable investment destination.
Notably, the NIPDB is facilitating Namibia’s participation at the Expo 2020 Dubai to attracting foreign direct investment into the country, through promoting the country’s investment potential in key sectors such as renewable energy, tourism and logistics.
Last month, the Board also facilitated a Renewable Energy Business summit attended by key stakeholders such as NamPower, the Electricity Control Board and Ministry of Mines and Energy, where the country presented investment opportunities available in the energy sector to potential investors.
Uaandja added the NIPDB is ending the year on a high note and looks forward to making further strides towards improving the lives of all Namibians in the new year.
“I would like to thank every NIPDB staff member and all the stakeholders that supported our efforts to market Namibia to the world. Namibia is, indeed, open for business – and together we can build a resilient country in which economic prosperity is a reality for every Namibian,” Uaandja said.