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Iran wants to further relations with Namibia

WINDHOEK, 18 MAY (NAMPA) –Iran is willing to expand its relations with Namibia in the field of economics.
This was said by the Managing Director of the Iran Foreign Investment Company (IFIC), Farhad Zargari, when he paid a courtesy visit to President Hage Geingob at State House Thursday.
“We would like to explore more on the potential of Namibia and see how we can expand our investments here,” said Zargari, who is also the Chairman of the IFIC board.
The IFIC, representing the Iranian government according to Zargari, has been operating in Namibia since 1976 and owns a 15 per cent stake in the Rössing Uranium mine located near the town of Arandis.
Zargari and his delegation were accompanied by Omusati Region, Erginus Endjala, who a month ago was in Tehran.
Endjala, who was accompanied by a Namibian delegation of 10, said they met with the Iranian Chamber of Commerce and had the opportunity to share Namibia’s investment prospects.
“We have attracted the interest of a tractor assembling plant that would want to explore opportunities in Namibia. Another area was a Liquefied Petroleum Gas (LPG) company who wants to put up a storage facility at Walvis Bay with the aim of distributing it to SADC countries mostly,” he said.
LPG is fuel used in heating appliances, cooking equipment and vehicles.
Endjala also said Namibia’s mining sector has attracted a lot of potential investors, and expects another Iranian delegation to soon visit Namibia and explore the country’s natural resources.

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