Due to budgetary constraints, the Mines and Energy Ministry’s full delegation could not make it for the high profile Invest in Africa Mining Indaba held in Capetown from the 6th to the 9th of this month, The Villager can reveal.
A source in the know confirmed to this publication prior to the indaba that Namibia would not be exhibiting its goods due to financial woes.
“We attend the mining indaba each year and we have some exhibition goods where we showcase what we have and so on, now with regards to that, Namibia will not be able to take part and that is basically due to financial constraints. These things require expenses but because of the budget cuts that you all are aware of, we are unable to do that, but the minister is definitely attending,” disclosed the source.
In a written statement exclusively made available to this publication, Obeth Kandjoze said “No, there will not be exhibitions this year. I can confirm that the delegation will be substantially less that during previous conferences. Budgets are part o the challenges during these economic trying times.”
The mining commissioner, Erasmus Shivolo, also confirmed that he would not be in Capetown although he shied away from giving a reason to justify his absence at such a big international event. “The very short answer is, I am not going to Cape Town, and I understand the minister is but I am not. I do not think you would expect the minister to go and exhibit, he is going for a ministerial engagement.
“You can call the office of the minister and you can get his agenda,” Shivolo told The Villager a few days before the Indaba. Mining Indaba managing director Alex Grose said despite the challenging market conditions facing the global mining industry, companies worldwide regard the event as a must-attend conference where they receive information about potential mining business opportunities on the continent.
The Indaba is owned and operated by international business-to-business publisher Euromoney Institutional Investor and it has ben set to kick-start from the 6th to the 9th of February. Mining Indaba sales director Fred Noce reportedly said it provides governments with a number of platforms, such as the African Mining Ministerial Forum, a think-tank-type session where countries’ ministerial delegations and mining companies discuss best practices in a private gathering.