Botswana business delegation explores opportunities in Namibia

12 Mar 2018 17:10pm
WINDHOEK, 12 MAR (NAMPA) – Business people from Namibia and Botswana on Monday met to explore trade and investment opportunities between the two countries.
The one-day networking seminar was held to give entrepreneurs from both countries an opportunity to create avenues to do business and showcase their products and services.
Describing Botswana’s investment climate, Director for Strategy and Competitiveness at the Botswana Investment and Trade Centre, Temo Ntapu said it was stable and had no restrictions on foreign business ownership.
He said the country presents great investment opportunities, because it has a literate workforce, currently standing at 82 per cent.
Ntapu further indicated that among the areas of interest presented by the business communities, economic sectors such as mining, hospitality, finance and business services were the greatest contributors to Botswana’s gross domestic product.
Meanwhile, Johanna Shiweda-Indongo of the Namibia Chamber of Commerce and Industry (NCCI) indicated that the two countries shared similarities in key industries such as tourism, fisheries and the beverages sector.
She said countries should invest in Namibia because of its sound financial system and stable foreign exchange reserves.
The seminar was hosted by the Botswana Investment and Trade Centre.