Renewables attract N$2.8 billion in investments

Chamwe Kaira Namibian renewable energy projects have successfully attracted investments totalling N$2.8 billion, according to Minister of Industrialization and Trade, Lucia Ipumbu, who made the announcement during a meeting of the World Association of Investment Agencies in Abu Dhabi this week. The minister disclosed that a significant 79 percent of the total investment interest pipeline for Namibia is in renewables, showcasing the growing appeal of sustainable energy ventures in the country. “These investments have materialized into four operational projects, collectively generating 244 direct employment opportunities and 206 temporary employment opportunities for Namibians,” Ipumbu said. She emphasized Namibia’s advantage as a…