Private sector primary drive for innovative capacity needed: Geingob

24 Aug 2019 15:10pm
ONGWEDIVA, 24 AUG (NAMPA) – The private sector is the primary drive of the creative and innovative capacity needed to support and drive sustainable, inclusive, job-led growth and development, President Hage Geingob has said.
Geingob made these remarks at the opening of the 2019 Ongwediva Annual Trade Fair (OATF) here Saturday where he explained that government's role is to create an enabling environment which allows the private sector to function efficiently and effectively as possible.
“One of our desired outcomes under the Harambee Prosperity Plan, pillar of economic advancement, is to significantly increase the volume of locally produced goods supplied to the public and retail sectors,” he cited.
The Head of State expressed confidence that exhibitors of this year’s OATF are not only marketing their products, but also keen to build business ties and gain insights into trends, technologies and innovations to enable them develop the requisite capabilities to drive economic advancement of the country.
The OATF, he added has also become a primary platform for established and fledgling companies to broaden their appeal locally, regionally and internationally and thereby increase the brand appeal of the small and medium-sized enterprises (SMEs).
“This is crucial, given our Growth at Home Strategy, as well as extending our national capability and scope to increase investments in more diverse economic sectors,” Geingob explained.
He went on to say that SME development programmes, agricultural production, investments in renewable energy, value addition to the country’s resources, services, manufacturing and applying information communications technologies, should be the primary focal areas.
Vice-President Nangolo Mbumba, Prime Minister Saara Kuugongelwa-Amadhila, Deputy Prime Minister and Minister of International Relations and Cooperation, Netumbo Nandi-Ndaitwah and several Cabinet ministers and deputy ministers attended the official opening.
The nine-day 2019 OATF started on Friday with 451 exhibitors of which 25 are international exhibitors who are partaking in the show.
It is held under the theme ‘Fostering Economic Growth through Innovation.”