16 Jul 2015 15:10pm
WINDHOEK, 16 JUL (NAMPA) The border town of Oshikango will soon have an inland goods and container terminal, after Minister of Industrialisation, Trade and Small and Medium Enterprise (SME) Development, Immanuel Ngatjizeko officiated at the ground-breaking ceremony last week.
The N.dollars 88 million-terminal will be located at the Oshikango Industrial Park to address the shortage of storage space for containers and goods earmarked for export to neighbouring Angola.
The terminal will complement existing warehouse facilities at Oshikango, which is situated on the Namibian border with Angola.
In a speech made available to Nampa on Thursday, Ngatjizeko was quoted as saying the terminal project is in line with the National Development Plan (NDP4), that has identified key economic priority areas such as agriculture, manufacturing, tourism and logistics.
Therefore, he said, the envisaged terminal is part of the governments plans to position the country as a logistics hub.
The development entails the construction of a 21 000 square metres inland terminal, 1 600 square metres warehouse, and 600 square metres administration building.
The facility will offer various services, including customs control and clearance as well as clearing and forwarding services.
It is expected to be completed within two years.
Over a few years, Oshikango grew from a border settlement into one of the busiest border towns between Namibia and Angola.
The town largely depends on trading activities, hence the establishment of the terminal will greatly contribute to improvements in the movement of goods, freights and storage, and increase the volume of trade in the region, said Ngatjizeko.
In recent years, Oshikango had witnessed a dramatic decline in economic activities caused by global economic challenges, as well as by policy interventions by the government of Angola such as the foreign currency restrictions, especially the United States of America dollars, resulting in the decline of bonded trade in the area.
But, the trade volume picked up since June this year after Namibia and Angola signed a currency exchange agreement, which allows the Angolan Kwanza and Namibian Dollar to be accepted in Namibian and Angolan banks in Oshikango and Santa Clara.