Namibia and South Africa to explore trade opportunities

by MMC
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Wednesday October 11, 2023

Presidents Cyril Ramaphosa and Hage Geingob.

Namibian and South African business leaders will explore opportunities to increase trade and investment flows between the two countries at the Namibia-South Africa Business Forum and Exhibition on Friday.

The Business Forum and Exhibition, to be held at the Windhoek Country Club, will focus on the strategic priority sectors agreed by the two countries, namely agriculture and agribusiness, automobile, clothing and textiles , as well as green hydrogen, including exploring opportunities to strengthen cross-border value chains as well as the integration of required infrastructure and logistics supply chains.

The Forum will be held under the theme: “Forging a new era of mutually beneficial and reciprocal trade and investment relations”.

The event will be hosted by the Namibian Ministry of Industrialization and Trade on the sidelines of the 3rd session of the Namibia-South Africa Binational Commission (BNC), co-chaired by Namibian President Hage G. Geingob and South President -African. , Cyril Ramaphosa.

Trade, Industry and Competition Minister Ebrahim Patel and Namibia’s Industrialization Minister Lucia Lipumbu are expected to speak at the business forum.

The forum program will include presentations on opportunities available to strengthen value chain linkages between the two countries, exhibitions, business-to-business meetings and side sessions for in-depth discussions on value chains in agriculture, l automotive, green hydrogen and clothing and textile sectors.

The business forum will provide a platform for businessmen from both countries to exchange concrete ideas on new opportunities that can be explored with the help of both governments to increase trade.

It is anticipated that a joint Namibia-South Africa business forum will be established and institutionalized to become a major platform that will further strengthen and solidify commercial, industrial and investment ties between the two countries. – SAnews.gov.za

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