Namibia: Geingob Opens Peugeot Plant At Coast

Photo: The Namibian

An employee explains the assembly of an engine on a brand-new Peugeot to President Hage Geingob..

The N$190 million Peugeot Opel assembly plant at Walvis Bay was officially opened on Wednesday by president Hage Geingob.

During the opening ceremony, president Geingob said the plant increased the Namibia’s national development aspirations along with also signified to the international community the country’s intent to become one of the premier destinations for foreign direct investment into Africa.

“This specific will be a significant event for the development of the Erongo region, most notably for Walvis Bay,” he said.

He also said in which since independence the idea has been a government objective to create conditions necessary for increased investment along with also the development of a competitive industrial sector.

“Furthermore, in recent years, we have intensified efforts to promote local value addition along with also strengthening of forward along with also backward linkages within the Namibian economy,” he said.

See full report within the next edition.

Namibia: Geingob Opens Peugeot Plant At Coast

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