Namibian entrepreneurs invited to apply for finance

17 Mar 2016 18:20pm
WINDHOEK, 17 MAR (NAMPA) – The African Export-Import Bank (Afreximbank) has called on Namibian entrepreneurs to apply for financial assistance in order to trade with other African countries.
Afreximbank's Manager for Project and Export Development Finance Oluranti Doherty extended the invitation to the Namibian business community during the opening of a one-day business forum organised by Afreximbank and Bank of Namibia (BoN) in the capital on Tuesday.
The forum was held under the theme 'Promoting Economic Development and Diversification through Trade'.
Doherty said the bank has plans to assist businesses to trade in African countries and promote intra-Africa trade using three broad services such as credit; risk-bearing; and trade information and advisory.
She explained that intra-African trade remains an important tool for African countries to enhance their economies through export and import services.
“We are interested to work with Namibian entrepreneurs to add value to your business and for the economic development of your country.”
Doherty said the bank has been looking forward to receiving project financial requests in the areas of hotels; expansion of roads, railways and airports; agriculture; agro-processing; mining and fishing.
She noted the bank has made progress in financing projects in Ivory Coast, Gabon, Zimbabwe, Zambia, Nigeria and Kenya, adding
no request for financial assistance has yet been received from Namibia.
She assured the participants that more fora and discussions will follow soon to engage local entrepreneurs in the key sectors.
In his opening remarks, BoN Deputy Governor Ebson Uanguta commended Afreximbank's decision to inform Namibian entrepreneurs on its mandate and how it can assist them to market their services and products around the continent.
“Trade was at the heart of Namibia’s economic agenda and, as such, the country welcomed the opportunity to benefit from the facilities offered by Afreximbank.”
Uanguta said collaboration between the two banks in the marketing of Afreximbank products in Namibia represent an important step towards promoting regional cooperation and economic integration.
Afreximbank was established in October 1993 as a Pan-African financial institution with the purpose of accelerating the growth of trade in Africa.
Its main office is in Cairo, Egypt, with regional offices in Abidjan in Ivory Coast; Abuja in Nigeria; and Harare in Zimbabwe.
About 30 representatives from different organisations in the country attended the forum.