Innovation to increase intra-Africa trade

26 February 2019 | Business

There is a need to find innovative ways of increasing intra-Africa trade, the deputy prime minister and minister of international relations and cooperation, Netumbo Nandi-Ndaitwah, said yesterday.

“The subdued global trade could be a major reason, as it has impacted African economies differently. Some through falling commodity prices and others through the shrinking demand for manufactured goods. [Thus] we need to find innovative ways of increasing intra-Africa trade,” Nandi-Ndaitwah said at the opening of the third session of the Namibia-Ghana Joint Permanent Commission of Cooperation (JPCC).

The Namibia-Ghana JPCC has made progress and signed a significant number of agreements and memorandums of understanding (MoUs) to strengthen their economies, she said.

“We have signed six agreements and MoUs and 14 more are set to be negotiated during the third session of our JPCC covering a wide range of sectors.”

Business environment

The minister added that it is a priority to improve the business environment, promote investments and support the development of small and medium enterprises (SMEs).

Speaking at the same event, Ghana’s deputy minister for foreign affairs and regional integration, Charles Owiredu, said the JPCC needs to encourage private investment as well as trade between the two countries.

“We must encourage private sector investment in our respective countries and improve trade between our two countries, taking advantage not only of our bilateral agreements but also the multilateral ones such as the African Continental Free Trade Agreement (CFTA), of which both countries are signatories,” Owiredu said.

He invited the Namibian private sector to take advantage of the incentives being offered in Ghana. - Nampa

Similar News

 

Shifeta: Tourism revival ongoing

22 hours ago | Business

The latest relaxation of travel controls does not mean the end of the International Tourist Revival Initiative (TRI). This is according to tourism minister Pohamba...

Thousands register for phosphate jobs

22 hours ago | Business

ELLANIE SMITWINDHOEKNamibian Marine Phosphate has received more than 4 000 registrations within the first two weeks of its job registration drive in preparation for its...

Am Weinberg owner to oppose liquidation

22 hours ago | Business

OGONE TLHAGE - Property owner Archie Graham is opposing the liquidation of the Am Weinberg Boutique Hotel and various other businesses owned by him. Bank...

Company news in brief

22 hours ago | Business

Fiat, PSA to win approval for mergerFiat Chrysler and PSA are set to win EU approval for their US$38 billion merger to create the world's...

Company news in brief

1 day - 26 October 2020 | Business

Barrick Gold plans to expand in TanzaniaBarrick Gold Corp said on Friday Tanzania has awarded 10 new exploration licenses to the Canadian miner and it...

Data breaches becoming more common

4 days ago - 23 October 2020 | Business

John Mc LoughlinSouth African businesses are becoming more susceptible to cyberattacks and seem to be easy targets for criminals. Data breaches are now a common...

It’s a small world after all

4 days ago - 23 October 2020 | Business

Gerine Hoff There is almost no industry in the country that has not borne the brunt of Covid-19, but along with the hospitality industry, the...

Maize meal products prices to decrease

4 days ago - 23 October 2020 | Business

PHILLEPUS UUSIKUNamib Mills announced that that there will be a price decrease on all maize meal products effective, 1 November 2020.The Namibian maize industry is...

COMPANY NEWS IN BRIEF

4 days ago - 23 October 2020 | Business

Apollo seeks to tame investor concerns Apollo Global Management Inc said on Wednesday it would launch an independent review of chief executive Leon Black's ties...

'Many won't survive pandemic'

5 days ago - 22 October 2020 | Business

More than a quarter of businesses surveyed between May and July had to retrench employees, while a further 8% planned to follow suit within the...

Latest News

Future of studying in 2021

22 hours ago | Education

Monique Adams and Mariselle Stofberg With the changes to the Namibian curriculum in schools, the senior secondary phase will start in grade 10 and...

Shifeta: Tourism revival ongoing

22 hours ago | Business

The latest relaxation of travel controls does not mean the end of the International Tourist Revival Initiative (TRI). This is according to tourism minister Pohamba...

Thousands register for phosphate jobs

22 hours ago | Business

ELLANIE SMITWINDHOEKNamibian Marine Phosphate has received more than 4 000 registrations within the first two weeks of its job registration drive in preparation for its...

Ndeitunga warns political trolls

22 hours ago | Politics

KENYA KAMBOWERUNDUPolice chief Sebastian Ndeitunga has warned political actors to avoid insulting others or risk facing crimen injuria charges if their opponents open cases against...

We asked young people why...

22 hours ago | Opinion

Joseph IitaTourism is important in Namibia because first of all, it creates employment. Tourism helps with the exchange of cultural assets and backgrounds. And this...

Endless natural wonders of Namibia...

22 hours ago | Columns

Mariselle Stofberg “Take me to Namibia, my soul needs to breathe.” We live in a country that offers us endless natural wonders. The vastness...

Am Weinberg owner to oppose...

22 hours ago | Business

OGONE TLHAGE - Property owner Archie Graham is opposing the liquidation of the Am Weinberg Boutique Hotel and various other businesses owned by him. Bank...

Agriculture investment declining

22 hours ago | Agriculture

ELLANIE SMITWINDHOEKPublic investment in the agriculture sector has been on a declining trajectory from an average of 4.6% of the national budget 10 years ago...

The ugly face in the...

22 hours ago | Opinion

In modern society, statistics are continually glorified as critical and relevant in determining the scope of the challenges we face.With this in mind, it was...

Load More