Geingob applaudes trade relations between Namibia and France

29 Nov 2016 18:00pm
WINDHOEK, 29 NOV (NAMPA) – Products worth Euro 25.6 million (N.dollars 379 million) were imported into Namibia from France in 2015.
This was said by President Hage Geingob during a meeting with the business community in Paris, France on Monday, where he inviting heads of commerce to invest in priority areas such as transport infrastructure, affordable housing, agriculture and manufacturing in Namibia.
Geingob was in France on an official visit. He was set to fly to Cuba for former Cuban President Fidel Castro’s memorial service on Tuesday before going to the United Kingdom (UK) for an official visit until Friday.
The Head of State noted that Namibia and France trade in a number of products, including fish, food and beverages, minerals, petroleum products, chemicals clothing, live animals, pharmaceutical products.
“We are delighted to see that a number of French companies are already doing business in Namibia. Their investments have created jobs and transferred technology and expertise,” he said.
These include the development of the 4,5 megawatt (MW) Omburu solar plant at Omaruru by InnoSun, which was completed in April 2015. A second solar plant is being developed by the same company in Okahandja, with a capacity of 4,5 MW. They also plan to set up a 150MW wind farm in Namibia, Geingob noted.
He encouraged more French companies to take advantage of their advanced technology and greater industrial know-how to invest in Namibia.
“We want to develop our manufacturing capabilities to become the backbone of our economy. We are, therefore, eager to learn from you about the development of labour-intensive industries,” said the Head of State.
Geingob went on to say Namibia’s focus is on value addition to natural resources.
“We believe that by adding value to our natural resources, Namibia will be able to increase its industrial output and thereby increase its exports of finished and high quality goods to regional and international markets,” he said.
To this end, Namibia has developed the Growth at Home strategy, which emphasises commodity-based industrialisation through the strengthening of local and national value chains.
“We welcome French technology, know-how and innovation to be partners in Namibia’s growth at home story,” he said.
(NAMPA)
ME/AS