Namibia can no longer depend on exporting raw minerals alone but must focus on adding value to its natural resources to create jobs, grow the economy, and increase local participation in the mining sector.
Vice President Lucia Witbooi has highlighted the significance of trade fairs, by emphasising that they go beyond buying and selling.
Witbooi shared this during the official opening of the Rundu Annual Trade Fair, noting that trade fairs empower and strengthen regional economic growth.
China's Ambassador to Namibia, Zhao Weiping, said Beijing supports Namibia's efforts to develop its manufacturing sector and increase local value addition.
Speaking to the media on Wednesday, Zhao noted that Chinese investments do not only focus on resource extraction.
BW Energy, an affiliate of the BW Group, says its mission in Namibia aligns with the government's resolve to promote value addition to resources locally.
The company has filed environmental documents to secure approval to drill appraisal wells on its Kudu Gas Field offshore.
With more than 300,000 calves exported yearly to South Africa, Prime Minister Elijah Ngurare is calling for local value addition around cattle farming in the quest to create more employment.
The premier spoke to NBC News in an interview during the 17th edition of the Okakarara Annual Trade Fair.
With more than 300,000 calves exported yearly to South Africa, Prime Minister Elijah Ngurare is calling for local value addition around cattle farming in the quest to create more employment.
The premier spoke to NBC News in an interview during the 17th edition of the Okakarara Annual Trade Fair.
Vice President Lucia Witbooi emphasised the importance of Africa moving beyond the export of raw materials, urging the continent to process resources in its own factories to grow its wealth.
President Netumbo Nandi-Ndaitwah has returned from Luanda, Angola, where she participated in the 17th U.S.-Africa Business Summit.
The Confederation of Namibian Fishing Associations (CNFA) has warned the government against auctioning fishing quotas.
Its Chairperson, Matti Amukwa, said the approach discourages the nationalisation of the industry.
Amukwa was speaking at the annual fishing industry address at Walvis Bay.
Farmers in the Zambezi Region are slowly developing interest in fruit farming, with notable fruit orchards popping up in various communities after realising the business potential in fruit farming.
