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Namibia and South Africa have been urged to boost trade and investment and foster stronger business partnerships to address economic challenges and alleviate poverty in both countries.

Namibia and South Africa have a longstanding history of trading relations, primarily due to their economic integration and geographical proximity.

During the period from 2015 to 2017, South Africa maintained a trading balance of N$30 billion per year with Namibia. In the past year, the total trade between the two countries reached N$67.1 billion, encompassing both imports and exports.

In addition, the two countries have comparative advantages that could enhance economic development, as well as protective policies in place within their own economies.

During a business breakfast meeting organised by the South African High Commission, speakers emphasised the need for increased collaboration between the two countries to address challenges and concerns faced by investors.

This includes boosting reciprocal investment and trade levels.

The business forum is expected to take place in mid-July.

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Author
Celma Ndhikwa