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US eyes Namibia as prime energy partner
['Shania Lazarus']
The Namibian
The United States (US) has pitched itself as Namibia’s preferred long-term partner in developing the country’s mining and energy sectors, pledging investment that supports local jobs, skills development and value addition rather than simply extracting raw materials.
And we create long-term value,” he said.
“A partner that arrives with state-subsidised capital, opaque contracts and offtake arrangements designed to concentrate control rather than create value is not a strategic partner.
He said attracting long-term investment would, however, depend less on resource endowment than on maintaining investor confidence.
Giordano said Namibia has the institutions and natural resources to become one of the world’s leading energy and critical minerals partners, adding that the US stands ready to help the country.