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RMB backs Namibia’s global investment drive at UN General Assembly

by reporter
October 6, 2025
in Latest
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Rand Merchant Bank (RMB) Namibia joined President Netumbo Nandi-Ndaitwah’s private sector delegation at the recent United Nations General Assembly (UNGA) in New York to promote investment opportunities in Namibia.

The bank was represented by Conrad Dempsey, Chief Executive Officer of FirstRand Namibia, Jason Shikalepo, Head of Investment Banking, and Angelique Peake, Sector Lead for Oil and Gas, Energy and Resources.

The delegation attended the Africa-America Institute Gala Dinner, where the Presidents of Namibia and Mozambique held a fireside chat highlighting Africa’s expanding influence in global affairs.

This was followed by investor meetings organised by the Namibia Investment Promotion and Development Board (NIPDB), culminating in the Experience Namibia showcase, which promoted the country’s creative economy. Among the guests was Hollywood actor Eric Roberts, who filmed Skeleton Coast in Namibia.

The Namibian delegation also participated in a high-level roundtable hosted by the Business Council for International Understanding (BCIU), supported by RMB Namibia, S&P Global and Siemens Healthineers.

Delivering the opening remarks, Dempsey said Namibia is “known for consistently performing above its weight” and described the country’s progress as a story of “human energy and limitless potential.”

President Nandi-Ndaitwah underscored Africa’s strategic importance as a market of 1.4 billion people and reaffirmed Namibia’s commitment to advancing intra-African trade through the African Continental Free Trade Area (AfCFTA).

“Significant capital is essential for sustainable development,” she said.

Reflecting on the week’s engagements, Dempsey said it was “an honour to join the President of Namibia on the world stage and share in the momentum driving Namibia’s investment story.” He added that FirstRand Namibia remains a committed partner in driving sustainable progress and innovation.

Peake said the UNGA engagements “deepened our relationships with Namibia’s leadership and key stakeholders,” adding that RMB is dedicated to unlocking sustainable growth across energy, infrastructure and the creative industries.

RMB said its participation at the UNGA reaffirms Namibia’s position as a credible and attractive investment destination and demonstrates its continued commitment to supporting the country’s long-term economic development.

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