Namibia- Partnering for growth
Beneficiation, localization and partnership were the thrust of the Namibian Investment Seminar hosted by the Ministry of Trade and Industry of the Republic of Namibia in collaboration with the High Commission of the Republic of Namibia in South Africa.
In his introduction High Commissioner Marten Kapewasha of Namibia to South Africa spoke of Africans investing in Africa, the integration of Africa through partnerships and the many opportunities to diversify Namibia’s economic portfolio beyond natural resource exportation in its raw form.
The Namibian Deputy Minister of Trade and Industry, Mr Tweya Tjikero, spoke of his country’s 2.3million people that live in a country with a land mass of 824 000km squared. He explained the colonial history of Namibia which was under the control of Germany, then was given to South Africa and has been a constitutional democracy for the past 23 years. He said that the country is endowed with enormous mineral resources with beneficiation and manufacturing opportunities. He pointed out that Namibia’s 1500km coast itself presents value not only in fishing but also as a water resource and alternative energy source. The establishment of an SMME bank aims to boost the small business enterprise sector he said.
A detailed presentation on Namibia’s agricultural sector by Ms. Alexandria Angala, Chief Agricultural Economist for Namibia highlighted it as the main economic activity in the country on which 70% of the population is engaged. The development of a Fresh Produce Business Hub was central to this sector.
Mr Christian Faure of Namport, Namibia’s port authority, said the stabilisation of the politics in the region has spurred on the development of Walvis Bay. He pointed out that the focus on infrastructure and integration was key to Walvis Bay becoming the SADC gateway port.
Ms Bonavetura Hinda, Commercial Counsellor at the Namibian High Commission presented an overview of the country to potential investors. She said Institutions in the country are being restructured to be more effective and efficient. Her presentation informed on plans to boost cross-border investments and the potential for multi-sectorial growth with particular focus on energy and tourism and policy frameworks.