Mahama brokers energy deal for Namibia, invites investors from Dubai

Mahama brokers energy deal for Namibia, invites investors from Dubai

- Former president Mahama is reported signing a secret energy contract for Namibia

- A Namibian news portal has laid claim to the former president leading investors from UAE

- Click here for the latest stories in Ghana

It has emerged that former president John Dramani Mahama could be brokering some energy deals for Namibia.

Mahama brokers energy deal for Namibia, invites investors from Dubai

Mahama in a handshake with the Namibian president (photo:namibian.com.na)

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An article from a Namibian news portal titled; "UAE interested in Namibian electricity sector" reveals that Mr Mahama is attracting some investors from the United Arab Emirates (UAE) to invest in the Namibian energy sector.

“Because of Namibia's strategic geographical location, it has been identified as one of the countries to produce energy,” Mahama is quoted as telling the Namibian president, Geingob.

The report further reveals that the former president was nominated by the African Development Bank (AfDB) to advocate African energy infrastructural investment.

The UAE has one of the largest sovereign wealth funds in the world and has committed billions of dollars to infrastructure investment, including in the electricity sector, across Africa. The UAE has one of the largest sovereign wealth funds in the world and has committed billions of dollars to infrastructure investment, including in the electricity sector, across Africa.

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Source: Yen.com.gh

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