Deputy trade minister Verna Sinimbo believes the Oshikoto region has enormous economic potential, specifically in the areas of mining, tourism, livestock and crop farming.
She made these remarks recently while on a familiarisation visit to the ministry’s projects in the region.
During the visit, Sinimbo also listened to the officials on the ground on what support they may require, and consulted vendors on challenges they face in running their daily businesses.
“We recognise the economic potential that Oshikoto has in the areas of mining, tourism, livestock and crop farming,” said Sinimbo.
She added: “The ministry has taken note of the impact of Covid-19 pandemic on the economy, where businesses are not operating at optimal levels. We hope that the situation will improve in the region”.
Sinimbo explained the activities assigned to her office includes support for the ministry’s regional offices, and to manage and facilitate ongoing industrial and SME parks.
“We are expected to promote sustainable economic development and growth through the promotion of industrialisation to boost productive capacities and diversification of the economy – and to provide a clear and transparent investment policy and a sound legislative framework,” Sinimbo highlighted.
She continued: “We are further expected to facilitate a conducive investment environment for private sector-led economic growth and employment creation. In addition, our key deliverables include strengthening institutional capacity to regulate trade and capitalise on our agencies to deliver on the ministry’s mandate”.
Sinimbo said Covid-19 has taught tough lessons and provided the much-needed desire to redouble efforts to ensure Namibia becomes a self-sufficient state.
“The ministry has developed the Integrated Client Service Facility (ICSF) Project intended to serve as a one-stop shop for foreign and local investors when establishing their business operations. The project is being implemented in three phases, with phases one and two completed,” Sinimbo stated.