Trade and Investment Mission and Fairs
Thinking of investing in Namibia
Inward business missions
Overall, the Ministry facilitated and hosted over 12 inward trade and investment partnership-seeking and exploratory missions from countries such as China, United States of America, Japan, Slovak Republic, Poland, Turkey, Germany and South Africa.
Some of the specific inward business missions and interactive meetings that the Ministry hosted, usually in partnership with the NCCI, during 2010 are given below:
- A seminar with a delegation of Government officials and business executives from China on March 24-25, 2010, which event was addressed by the Deputy MinisterTjekero Tweya;
- US Trade Mission from August 29 to September 03, 2010 at Ongwediva and which event was attended by business delegates from Namibia and the US and was addressed by the Deputy Minister;
- A business seminar that took place on September 2, 2010 brought together business people from Japan and Namibia to explore cooperation in various sectors of the common interest.
Outward Business Missions
During the period under review, the Minister and/or the Deputy Minister led over 13 outward trade and investment promotion and partnership-seeking missions from Namibia to countries such as Brazil, China, Ghana, Tanzania, Turkey, South Africa, United States of America, the United Arab Emirates and Zambia.
Such missions are informed by the country’s general investment and trade aspirations and the specific interests of the local business community. In this regard, the Ministry of Trade and Industry works in partnership with the NCCI and other stakeholders, and the delegations comprise Government officials and private sector representatives. The feedback from the private sector is that such missions have provided valuable exposure to the participants, particularly SMEs, and opportunities for them to forge joint venture partnerships or to secure new markets for their products and sources of imported capital goods and products. In this connection, it can be said that this support by the Government is helping local entrepreneurs to explore and develop alternative market and sourcing opportunities away from or in addition to the existing or traditional markets and import sources.
Some of the missions and trade and investment activities that were undertaken during 2010 are listed below:
- A business delegation led by the Founding President, Dr. Sam Nujoma, to the People’s Republic of China, April 26-May 2, 2010
- The Minister led a delegation of Namibian business people that accompanied H.E. President Pohamba to the World Economic Forum on Africa 2010 that took place in May 5-7, 2010 in Dar-es-Salaam, Tanzania;
- The Deputy Minister led a delegation of Namibian officials and business people to Namibia-Brazil Bilateral Seminars on Trade and Investment that took place from May 22 to 29, 2010 in Rio de Janeiro and Sao Paulo, Brazil, which events were jointly organised by the Ministry, the Namibian Embassy and Brazilia’s Federation of Foreign Trade Chambers(FCCE). The FCCE and the NCCI signed a memorandum of cooperation during the Rio de Janeiro seminar paving the way for closer business linkages between the business sectors of the two countries;
Namibia participated in the Shanghai World Expo 2010, and Dr Geingob, on behalf of H.E. President Pohamba, led an 89-member Namibian official and business delegation to Shanghai to participate in the Namibia Business Week, which took place from 21-29 August 2010. The event, which was widely reported on in China and Namibia, was attended by over 100 Chinese business people. The Minister and his delegation showcased Namibia’s business, tourism and cultural attributes and attractions;
- Participation in the Africa-Turkey Partnership/Trade Bridge that took place 15-20
- June 2010, and the 20-member Namibian official and business delegation was led by the Deputy Minister;
- Zambia International Trade Fair, June 30-July 6, 2010;
- Southern African International Trade Exhibition (Saitex), July 25-27, 2010;
- China International Fair for Investment and Trade (CIFIT) in the city of Xiamen
In addition to the Ministry’s sponsorship to some 42 SMEs to take part and exhibit their products at the Dubai World Village Expo 2010, Dr Geingob led a 33-member delegation to take part in the Namibia Business Week that was organised in Dubai. The delegations comprised officials from various Government Ministries and agencies and business executives. The Minister and his delegation showcased and marketed Namibia as a “boutique country”, and had several fruitful meetings and exchanges with the leadership and business community from Dubai and the United Arab Emirates.