Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Foreign investors urged to add value to local products

Home Business Foreign investors urged to add value to local products

Windhoek

United States and Canadian investors who are in Namibia on an official trade mission have been encouraged to explore the possibility of beneficiation of the country’s primary products to help diversify the Namibian economy.

“Government’s encouragement of the value addition to natural resources, such as the mining and agricultural sectors, will not only enhance exports of quality industrial products into the world economy but will also stimulate the growth of parallel industries, technological advancement and human capital development,” said Bernard Esau, Minister of Fisheries and Marine Resources and acting Minister of Industrialisation, Trade and SME Development.

Esau was speaking yesterday in Windhoek at the official opening of the trade mission meeting with United States and Canadian businessmen who are in the country to explore investment and joint venture opportunities with Namibian small and medium enterprises.

Esau specifically encouraged the visiting businessmen to investigate the establishment of partnerships with the local business community.

Esau said that the industrialisation ministry caters for larger market space for Namibian products through negotiations of preferential market access arrangements such as the African Growth and Opportunity Act (AGOA) of the USA.

“I want to emphasise that Namibia welcomes the initiative of the US government for the extension of AGOA instruments and I have confidence that this extension will greatly advance investment and trade links between Africa and the US. “Furthermore, I am keen to see that this initiative will support already existing endeavours such as the Abuja Treaty that propagates the economic union of Africa, as well as regional economic groupings such as SADC, ECOWAS, COMESA and the East African Community,” said Esau.

Esau said that he was promoting Namibia as a gateway for doing business with markets in the SADC region.
“Companies that plan to invest or set up their headquarters in Namibia are making a wise investment decision as the stable climate that our country provides will ensure long-term success and potential for expansion due to our country’s proximity to major markets in the region and the continent at large.”

Also at the official opening of the trade mission meeting, Namibian Ambassador to the United States, Martin Andjaba, said the embassy in Washington DC organises trade missions on an annual basis.

Andjaba urged US and Canadian businessmen to introduce themselves to their Namibian counterparts and to consider investment and partnerships.

Some of the sectors the visiting businessmen are involved in include medicine, education, information technology, media, housing, solar energy and water purification.