Geingob lauds Namibians for local investment

By Adam Hartman, The Namibian Newspaper

President Hage Geingob last week praised “formerly privileged” Namibians for reinvesting in the country, calling it the “best message” for foreign investors.

He said this when he officially opened the Swakopmund Indoor Sports Centre (The Dome) – an investment worth over N$100 million.

This shows that “formerly privileged” Namibians have trust in the system.

“Foreigners will listen more to local investors than listening to the President and ministers. A Namibian investing in his own country because of a conducive environment is the best message he can tell potential investors. This is a good message to the world,” said Geingob.

He added that he appreciated the development, and hoped it encourages all Namibian to reinvest in the country.

“This is the future of innovation and change and prosperity, and we should all hold hands and march in the same direction. I am a proud Namibian. 

This is a great monument to leave behind. It is unbelievable that Namibians born at Swakopmund did this. We can all do this if we work together,” the President said.

The Dome is said to be the only multi-sports complex, and the largest of its kind in Africa. It has been in operation since 2014, hosting several international sports, cultural, business and political events.

It spans over 7 000m2, which consists of a sports dome and a five-storey office block. Some have quipped about the sheer size of the development which is visible from space. The dome 'tent' is covered by 14 000m2 of fabric imported from Norway. Up to 40 different sports codes can be accommodated.

The Dome's trustee, Horst Fritze, said the complex is “a dream come true”, while Swakopmund mayor Paulina Nashilundo dubbed the complex a “marvel” which boosts the local economy.

“Against all the odds and sceptics, we managed to be successful regarding financing and the materials required. We have given Namibia a unique sports and entertainment facility, creating an environment for bigger events on an international scale,” said Fritze, adding that not a single written contract was signed during its construction. 

“We all had a common goal, and many made financial sacrifices.”

Geingob was so impressed by the development the he described it as “a step in the right direction”.