09 Oct 2014 19:00pm
SWAKOPMUND, 09 OCT (NAMPA) Major business opportunities in trading, manufacturing and exporting of finished goods in Namibia should be given to local entrepreneurs, the Minister of Fisheries and Marine Resources Bernard Esau says.
Speaking during the official opening of the Swakopmund International Trade Expo (SWAITEX) here on Thursday, he said this is necessary for job creation for the poor people in the country and will also assist Government in addressing developmental objectives.
We do not want to see any poverty in Namibia, that's why we say our natural resources must be taken up by our own people, Esau said.
He stressed that in the context of growth at home, natural resources such as fish, fish products, meat and minerals should be processed locally in order to stimulate economic growth and create the needed sustainable jobs.
This would generate the necessary income and in the process alleviate poverty, said the minister.
This process of unlocking our potential of growth should go hand in hand with skills development of our entrepreneurs, and to exploit and transform our resources into finished goods for domestic consumption and exports, Esau said.
This, he said, highlights the importance of skilled labour and labour productivity in Namibia, which could be realised through better education, training and access to efficiency enhancing technology.
On the SWAITEX, the fisheries minister said the entrepreneurs and exhibitors should use the event to conclude business deals which will bring them sound business relations and new ventures.
Trade expos should not only be viewed and used as platforms to market and sell products, but should be a chance to network and conclude business deals with international investors, said the minister.
Apart from marketing and selling goods, the main objectives of SWAITEX are to create an international business connection with local businesses, networking and attract investors.
One hundred and thirty exhibitors, mostly small and medium enterprises (SMEs) from across Namibia, set up stalls for the three-day event which started in Swakopmund Thursday.
The Namibia Chamber of Commerce and Industry (NCCI) with the help of Standard Bank Namibia as the main sponsor, Namibia Tourism Board and the Municipality of Swakopmund organised the event.