AFRICA: Strong Trade Relations with Namibia Present Investment Opportunities for South African Business.
Recent Gauteng Business News
Namibian President Dr. Hage G Geingob, accompanied by Ministers and senior government officials, will travel to South Africa next month for bi-lateral talks.
The dignitaries will attend the Bi-National Commission Meeting (BNC) between Namibia and South Africa from 4 - 7 October in Pretoria, South Africa. On the margins of the BNC, on 6 October 2016, the President will also launch the Invest in Namibia International Conference in South Africa, due later this year from 8 - 9 November in Windhoek, Namibia, and will address South African Business.
The Namibian dignitaries aim to build on existing business relations between Namibia and South Africa at the investors’ launch event in Johannesburg on 6 October. The Johannesburg event, hosted by the High Commission for the Republic of Namibia, will give an audience of South African investors and businesses a preview of the new projects, investment and joint-venture opportunities to be showcased at the 2016 Invest in Namibia International Investment Conference in Windhoek from 8 – 9 November this year.
Increased South Africa-Namibia trade as well as economic growth within Namibia have paved the way for numerous new investment and joint-venture opportunities for South African businesses seeking expansion into Namibia. Opportunities exist across sectors including energy, agriculture, low-cost housing, water efficiency, manufacturing and infrastructure development, reports Mrs. Bonaventura Hinda, Commercial Counsellor and Head of Commercial Office at the High Commission for the Republic of Namibia in South Africa.
Both countries are actively pursuing cross border value-chain developments for regional industrialisation. With a GDP growth rate of 4.4%, rapid urbanisation, political stability and sound macroeconomic policies, Namibia is actively promoting investment opportunities to sustain growth.
South Africa is both Namibia’s top export and import destination, with the country’s main exports including diamonds, livestock, meat, fish, salt, refined zinc, copper and metal ores – including uranium. Its main imports include vehicles and parts, agricultural and industrial equipment, furniture and household machines and ICT products. Among the new investment opportunities now available in Namibia marble and granite plant, a packaging plant, development of a new conference centre, feedlot and fodder production and a truck stop.
These projects and a range of other business opportunities will be showcased at the 2016 Invest in Namibia International Investment Conference and previewed at the official conference launch in Johannesburg.
At the investors’ preview and launch, Namibian and South African dignitaries will outline the state of cross border trade between Namibia and South Africa, and elaborate on the growth of investment opportunities. Among the speakers will be Namibian President H. E. Dr. Hage G Geingob; Namibian Finance Minister Calle Schlettwein; Gauteng Premier David Makhura; President of the Johannesburg Chamber of Commerce and Industry Ernest Mahlaule; President of the Namibia Chamber of Commerce and Industry Sven Thieme and Deputy Permanent Secretary in the Namibian Ministry of Industrialization, Trade and SME Development Dr. Michael Humavindu.
South African investors and strategic partners attending the launch of the Namibia International Investment Conference in Johannesburg on 6 October will have the opportunity to meet senior decision makers in government, explore JV partnerships with participating members of the Namibian Chamber of Commerce and Industry. Delegates will also be able to explore the latest investment opportunities that will be formally showcased at the upcoming Invest in Namibia International Investment Conference in Windhoek from 8 – 9 November 2016.
The Windhoek Investment Conference, under the theme ‘Promoting Investment for Inclusive Growth and Industrialisation’, will present investment opportunities in the areas of energy, agriculture and agro-processing, low-cost housing, water efficiency and infrastructure, tourism, manufacturing and infrastructure development.
For more information or to register for a place at the investors’ conference in Johannesburg 0n 6 October 2016, contact Leigh Angelo at Tel: (011) 869 9153
Business News Sector Tags: Africa|