Otavi Investment Expo opens

29 Apr 2017 13:30pm
OTAVI, 29 APR (NAMPA) - The 2017 Otavi Investment Expo and Festival was Friday officially opened by Minister of Industrialisation, Trade and Small and Medium Enterprise (SME) Development, Immanuel Ngatjizeko.
The fifth edition of the annual event started at the Otavi Sports Field on Wednesday and will end on Saturday evening.
“I would like to congratulate the Otavi Town Council and its stakeholders for the continuity of this annual noble business initiative,” said Ngatjizeko adding he believes the event will continue serving as a catalyst for local economic development and result in improvement of the town’s infrastructure.
He said the objective of a trade fair is to stimulate the local economy of the community, noting that this year’s edition attracted 74 exhibitors that include SMEs, government ministries and other corporate entities.
In 2016 a total of 100 exhibitors participated in the same event.
Ngatjizeko said about 200 temporary jobs were created during the four-day event.
“Therefore, I challenge the Otavi Town Council to build a business case with me and convince my office to facilitate the setting up of an SME complex park where the local SMEs would trade their goods here at Otavi,” said Ngatjizeko.
Otavi Mayor, Martha Shipanga in a speech delivered on her behalf said the Council will continue creating a business platform conducive to the growth of SMEs operating in and around the town.
“We also want to allow various businesses, corporate entities and government institutions to come here and showcase their products and services close to our people during the expo,” she said.
Patron of the expo and Executive Chairman of Hangala Group, Dr Leake Hangala, several local and regional councillors from the Otjozondjupa, Oshana, Omusati and Khomas regions were present for the official opening.