Economic Planning Minister wants more manufacturing in Namibia

Economic Planning Minister wants more manufacturing in Namibia

The Minister of Economic Planning, has requested foreign investors to set up manufacturing businesses in Namibia.
Tom Alweendo, made the call while presenting targeted investment projects during the first-ever 'Invest in Namibia' international conference in the capital.
Alweendo said the manufacturing sector is a gateway to achieve objectives in Namibia's Vision 2030, which focuses on industrialisation and value addition to natural resources.
He informed delegates of Namibia's long-term plans: Vision 2030, five-year National Development Plans (NDPs), and the Harambee Prosperity Plan (HPP) that aim at industrialisation and making Namibia prosperous.
Apart from manufacturing, Alweendo said Namibia seeks investors in areas of housing, tourism, agriculture, energy, transport and logistics.
The minister said Namibia is an agricultural economy that mainly focuses on livestock and agro-processing.
He invited potential investors to set up feedlots to improve meat production.
Namibia is currently exporting meat products to the European Union, Chinese, Norwegian and South African markets.
The conference ends today.