President Hifikepunye Pohamba wants Namibia and Botswana to take practical steps to boost trade and commercial activities, create new employment opportunities and reduce poverty.
He says these measures should be backed by strong education and training systems to equip the youth with relevant skills and competencies that enable them to operate effectively and competitively.
The Head of State was speaking at the state banquet in honour of his Botswana counterpart, President Seretse Khama Ian Khama at State House on Monday.
President Pohamba dwelt on a wide-range of issues at national, regional and international level, singling out what needed to be done, especially at this time of the global economic meltdown.
He wants the two countries to share information on how to improve the resilience of their national economies against external shocks.
The Namibian leader stated that the financial crisis in Europe had the potential to negatively affect Africa's economies.
President Pohamba, therefore, expressed the need to identify new markets for African products.
He wants regional efforts to strengthen electricity infrastructure development projects carried out by Zimbabwe, Zambia, Botswana and Namibia, known as the ZIZABONA projects.