The Namibian government is targeting $1 billion worth of investments over the next two years, Reuters reports quoting a statement of the Ministry of Information and Communication Technology.

The government is counting on the coming economic forum the country is to host from July 31 to August 1 to mobilize the sum. This forum is set to revive and boost the economy, create jobs and attract investments.

As a reminder, Namibia’s economy has been slumping recently (-0.9% in 2017). The International Monetary Fund forecasts growth to reach 1.4% this year against -0.1% in 2018.

“The summit will provide a platform to showcase growth and investment prospects in the local economy as well as present local and international investors with a portfolio of investment projects in several sectors,” according to the statement.

Moutiou Adjibi Nourou