Research and innovation are gaining momentum in Namibia, with universities and government institutions calling for more investment to tackle socio-economic challenges and drive economic growth.
The International University of Management (IUM) is among the institutions promoting this approach.
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.
President Netumbo Nandi-Ndaitwah has challenged Namibia's mining industry to move beyond commitments and accelerate job creation, local value addition, and economic diversification.
She described the mining sector as one of the key drivers of the country's development agenda.
Alpha Namibia Industries Renewable Power (ANIREP) has generated consolidated revenue of N$ 95.4 million, which is up 36% from the previous financial year.
This was revealed by the Chief Financial Officer, Veneranda Mahindi.
President Netumbo Nandi-Ndaitwah has reiterated her call for Namibian businesses to negotiate with investors from a position of strength and not simply as beggars.
Namibia has invited investors from Botswana to take up lucrative opportunities in agriculture, renewable energy, mining, and tourism as partners building industries in the country.
Through industrial hemp production, Botswana is taking an important step towards the resuscitation of its ailing economy following a decline in diamond sales on the global stage.
The Namibia Investment Promotion and Development Board (NIPDB) says expanding market access for Namibian businesses remains a key priority, with the South Africa-Namibia Business Forum having provided a platform for local companies to secure new trade and investment opportunities.
President Netumbo Nandi-Ndaitwah wants the newly established Namibia-South Africa Business Council to turn the tide on the widening trade imbalance by driving shared investment between the two countries.
