12 Oct 2017 13:10pm
WINDHOEK, 12 OCT (NAMPA) - President Hage Geingob has described his official visit to London as successful.
Geingob returned on Wednesday after a four-day trip to London in the United Kingdom (UK).
Speaking to the media after landing at the Hosea Kutako International Airport, the Head of State emphasised that it was a business trip aimed at seeking financial aid for Namibia.
The Namibian delegation, according to Geingob, had successful talks with businesspeople from the United Arab Emirates (UAE) who are UK citizens.
We dont have money here; we are looking for money which is not going to require some kind of guarantee from Government, but it will be on a Public Private Partnership, so we can start building houses and other projects, he said.
The response from the UK-based UAE business delegation was good, said the president.
Now it is in the hands of the experts [ministers]. We are doing everything in a transparent way, Geingob noted.
With regards to Brexit, Geingob said now that the UK is stranded, they are seeking bilateral relations with Africa.
Some of the Economic Partnership Agreements (EPAs) we entered into with the European Union (EU) will be done bilaterally now with the UK, and they are looking forward to that, he said.
In July this year, British Minister of State for Trade Policy, Lord Mark Price visited the Southern African Development Community (SADC) region and met trade ministers from the Southern African Customs Union (SACU) and Mozambique to discuss ways to avoid disruptions to current trade relationships with Britain.
The meeting agreed to continue discussions and explore ways of ensuring that Brexit does not disrupt the existing trade arrangement between SACU and UK.
The trade arrangement between SACU and the UK is governed by the EU-SADC/EPA.
The term Brexit refers to the process of the UK withdrawing from the regional EU bloc and was voted for by citizens on 23 June 2016. It is motivated by many factors of regional integration but can be summarised into two: border control and trade.
Geingob said Namibian economic sectors that can gain from Brexit are mostly energy, housing and tourism.
He was accompanied by Minister of Finance Calle Schlettwein, Minister of Economic Planning Tom Alweendo, Minister of Mines and Energy Obeth Kandjoze and some presidential advisors.