In the past four years, Nigeria has invested in Namibia and created value with the blossoming of two Charcoal factories owned by Nigerian investors in Namibia. These two companies, Premier Charcoal based in Outjo and King Charcoal in Walvis Bay, are an excellent demonstration of utilising African expertise to develop African raw materials, Ambassador Geiseb said.
“It is our hope that the Memorandum of Understanding between our Port Authorities, the Namibia Port Authority and the Nigeria Port Authority and our Investment Promotion Agencies, will be concluded. A fruitful relationship between our port authorities will facilitate increased trade and allow for more exports from Nigeria to Namibia and vice versa. Namibia currently exports salt and electronics to Nigeria. The value of salt export currently stands at USD 6 million,” he said.
“During the past decade, the Namibian manufacturing industry has grown significantly and today Namibia is able to produce a number of quality consumer items. The High Commission of Namibia will continue to engage various stakeholders to explore market access for some of these products while we await the finalisation of the African Continental Free Trade Area Agreement on items such as beef.