Africans must trade more with fellow Africans: Mwiya

15 Nov 2017 19:40pm
WINDHOEK, 15 NOV (NAMPA) – Acting Chief Executive Officer of the Namibia Chamber of Commerce (NCCI), Charity Mwiya has urged Namibian entrepreneurs to build business relationships with fellow Africans to strengthen economic ties within the continent.
“Namibia and South Africa specifically should look for more ventures in each other’s countries, seeing as the two countries are closely linked in currencies and business connections,” Mwiya alluded.
She made these remarks on Wednesday during a business networking seminar between the NCCI and WESGRO, which is the official tourism, trade and investment promotion agency of Cape Town and the Western Cape in South Africa.
Mwiya added that not enough Namibian business owners have shown interest in marketing and taking their brands to South Africa as much as South Africans are willing to trade in Namibia.
“Namibia is more of an import country, as opposed to exporting, which is critical to the country’s economy as we never have enough foreign reserves in times of an economic crisis.”
The two-day networking seminar is aimed at promoting business interactions and partnerships between companies from the two countries.
The South African business delegation is made up of 17 companies in various sectors from the Western Cape, Eastern Cape and Gauteng provinces.
At the same event, Consul General of Namibia to the Western, Northern and Eastern Cape provinces in South Africa, Theodore Grunewald also urged the Namibian Government to put in place incentives for investors in the manufacturing sector as well as other measures to achieve the Vision 2030 aim to make the country industrialised.
“Namibia can serve as a gateway to markets in the Southern African Development Community and the fact that the country has a relatively small population, should thus not be a deterring factor to any investor willing to penetrate our market and beyond,” Grunewald reiterated.
Head of WESGRO, Michael Gamwo echoed Mwiya’s statement on the need for Namibians and South Africans to strengthen one another economically.