The Ministry of Industrialization and Commerce (MIT) and the Embassy of Namibia in Washington, DC are expected to host a delegation from the United States of America (USA) June 6-10, 2022 for the annual trade mission to Windhoek . The Department of Commerce is preparing to receive a multi-sector trade delegation from the United States on a mission to explore and monitor possible business opportunities in the country. The objective of the meeting should be tangible results where American companies can explore the various opportunities existing in Namibia for greater mutual benefits.
Africa and Namibia in particular, continue to create an environment conducive to investment opportunities, bolstered by its rich natural resources, stable population growth, growing position as a middle-income country, ease of doing business, infrastructure development, a stable macroeconomic environment, improved governance, adoption of a democratic culture and a conducive business climate.
Currently, niche areas of interest for the visiting delegation include renewable energy, infrastructure development, education, emerging technologies, mining and upstream oil/gas exploration, agriculture, cutting and polishing of diamonds and low-cost housing.
“The Ministry of Industrialization and Commerce, through the “Growth at Home” initiative, is committed to supporting industrial, commercial, investment and business activities in the country. We have a culture of investment , we want to inspire local business people to take advantage of these opportunities and grow businesses back home. We are optimistic that the potential investment opportunities conveyed in this trade mission will find fertile ground here in Namibia, to grow, sprout and thrive,” said Elijah Mukubonda, director of information at the Ministry of Commerce.
Mukubonda added that Namibia is keen to maximize the potential of trade, investment and skills transfer through market access, enhanced technical assistance and capacity building initiatives. In addition, he said, the intention is to improve and expand Namibia’s export basket to the lucrative US market.
Mukubonda also pointed out that there is more potential under the African Growth and Opportunity Act (AGOA) waiver, which is a platform to boost economic cooperation and trade among states. States and Africa. “In terms of market development and adaptation for Namibian products, sought-after Namibian beef as well as charcoal have entered US markets,” Mukubonda said.