President Netumbo Nandi-Ndaitwah has highlighted that the Ongwediva Annual Trade Fair has grown significantly and has become a formidable force in contributing to Namibia's economic development.
African countries that gained independence decades before Namibia have a role to play in its industrialisation pursuit through investment, value addition and regional trade.
Zimbabwe's trade development and promotion organisation, ZimTrade will next month bring along companies for an outward trade mission in Windhoek.
The tour will run from 09 to 11 September as part of the neighbouring country's efforts to grow exports and grow business ties between Namibia and Zimbabwe.
The Democratic Republic of Congo's Ambassador to Botswana, Patrick Mutombo, has positioned the country as a strategic hub ripe for investment despite the raging war in other provinces.
The congestion of heavy cargo trucks at the Katima Mulilo Border Post continues, with drivers and cargo stuck for days on a 4-kilometre stretch of road awaiting exit from Namibia.
Truck congestion at Martin’s Drift border post between Botswana and South Africa has reached record levels, escalating into a humanitarian crisis, according to Trans-Kalahari Corridor Secretariat Executive Director Leslie Mpofu.
Botswana is expediting the leasing of coastal storage facilities in Namibia and Mozambique to diversify supply routes for petroleum products.
The move aims to mitigate supply disruptions in the neighbouring country.
Namibia and Botswana are making steady progress in the realisation of the Trans-Kalahari Railway (TKR) Line Project.
The two countries are moving towards the end of the feasibility study and commencing the process of identifying an investor.
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.
