Prime Minister Elijah Ngurare has applauded prominent businessman and farmer Leake Hangala for setting up a multi-million dollar milling plant at Ombanje Farm in Otavi.

Namibia is positioning itself as an attractive investment destination, with the mining and quarrying sector continuing to dominate foreign direct investment, followed by financial services and manufacturing.

Oil and gas exploration remains an important driver of investment within the extractive sector.

Namibia is pushing for green industrialisation to drive economic growth, create jobs and reduce the country’s dependence on exporting raw materials.

A two-day Manufacturing Summit hosted by Pepkor Holdings in collaboration with the Namibian Competition Commission (NaCC) is underway in Windhoek.

Pepkor is a South African investment and holding company focused on discount and value consumer retail and fintech markets.

President Netumbo Nandi-Ndaitwah says the SADC region has prioritised critical industrial sectors to curb heavy import reliance and maximise finished product exports. 

NamWater is driving negotiations to establish local manufacturing of large-diameter water pipes, reducing reliance on imports from China and Europe.

Namibia is one of the six SADC countries, which have since developed the National Leather Strategic Work Plans as the region trudges towards implementation of the regional leather framework.  

President Netumbo Nandi-Ndaitwah has called for a fundamental shift in mindset among Namibians, stressing that mental transformation must go hand in hand with economic reform if the country is to achieve sustainable development.

Namibia and Brazil are set to explore new areas of cooperation, with an emphasis on agriculture and manufacturing, as well as oil and gas.

The Ministry of Health and Social Services has established a Namibia Institute of Pathology (NIP) manufacturing facility in Swakopmund.