Vice President Lucia Witbooi has highlighted the significance of trade fairs, by emphasising that they go beyond buying and selling.
Witbooi shared this during the official opening of the Rundu Annual Trade Fair, noting that trade fairs empower and strengthen regional economic growth.
China's Ambassador to Namibia, Zhao Weiping, said Beijing supports Namibia's efforts to develop its manufacturing sector and increase local value addition.
Speaking to the media on Wednesday, Zhao noted that Chinese investments do not only focus on resource extraction.
Chinese Ambassador to Namibia Zhao Weiping said that Chinese investments would never threaten Namibia's sovereignty or create dependency.
He said such concerns are misplaced, stating that China's cooperation with Namibia is based on mutual respect and equality.
Vice President Lucia Witbooi emphasised the importance of Africa moving beyond the export of raw materials, urging the continent to process resources in its own factories to grow its wealth.
Deputy Prime Minister Natangwe Ithete is pleased with the transformation of the Ongwediva Annual Trade Fair (OATF), which he witnessed from the infancy stage.
Namibia is ready to send the first consignment under the African Continental Free Trade Area (AfCFTA) framework at Walvis Bay on Monday.
Namibia will turn trade under the AfCFTA framework from theory to practice.
President Nangolo Mbumba has announced that Namibia has reached a significant milestone in its journey towards sustainable growth, aligning with the country's vision for industrialisation, economic diversification, and job creation.
The endorsement of candidates for international organisations, industrialisation of the SADC region, and progress of implementation of previous resolutions were some of the discussion points for the SADC senior officials meeting.
