{"id":51005,"date":"2023-08-09T17:37:45","date_gmt":"2023-08-09T17:37:45","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors"},"modified":"2023-08-09T17:52:00","modified_gmt":"2023-08-09T17:52:00","slug":"infrastructure-development-key-to-attract-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors","title":{"rendered":"Infrastructure development key to attract investors"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>SWAKOPMUND \u2013 Infrastructure development, innovation and increased competitiveness are pivotal factors that will position Namibia as a key centre for trade and investment from both local and global stakeholders.<\/p>\n

This was emphasised by deputy minister of international relations Jenelly Matundu, who highlighted the importance of proactive and strategic measures to fully capitalise on the advantages of the African Continental Free Trade Area (AfCFTA).<\/p>\n

She made these remarks during the 19th Theo-Ben Gurirab Lecture Series, held in Swakopmund on Thursday.<\/p>\n

The theme of the lecture was \u2018How can the AfCFTA benefit the Erongo region to become the preferred gateway to Africa and the world at large\u2019.<\/p>\n

The lecture also explored the transformative impact the agreement can have on the region, positioning it as a preferred gateway for trade and investment between Africa and the rest of the world.<\/p>\n

Matundu pointed out that the strategic advantage of the Erongo region lies in its access to major ports and transportation networks, making it lucrative to enhance trade opportunities between the landlocked countries of southern Africa and the global markets.<\/p>\n

\u201cThe AfCFTA\u2019s objectives include establishing a unified market with a collective GDP for the entire continent, eradicating trade obstacles and promoting intra-African trade, as well as value-added production and trade across all service sectors in the African economy. Hence, we aim for Erongo to emerge as the preferred gateway to Africa and the global stage through the Namibia Ports Authority,\u201d she said.<\/p>\n

Matundu urged the business community and Namibians at large to explore how the AfCFTA can positively impact the region and elevate it to greater levels of prosperity and prominence.<\/p>\n

She then highlighted that the AfCFTA presents a plethora of advantages for Namibia, promising to transform its economic landscape.<\/p>\n

\u201cBy becoming part of the agreement, Namibia gains access to a market of 1.3 billion people, enabling businesses of all sizes to expand their reach beyond national borders and tap into a larger consumer base, creating new avenues for growth,\u201d Matundu said.<\/p>\n

According to her, Namibia has made significant progress in advancing the corridors (Trans-Kalahari, Walvis Bay-Ndola-Lubumbashi and Trans-Cunene) making it one of the selected countries catering to a vast region of prospective consumers \u2013 300 million people \u2013 through the Walvis Bay Corridor Group, utilising the Port of Walvis Bay as a key entry and exit point.<\/p>\n

\u201cThe corridor has gained recognition as a model for efficient trade facilitation, playing a crucial role in the country\u2019s economy by acting as an entry point for domestic, regional and global trade. Furthermore, Namibia\u2019s seaports, including the container terminal at Walvis Bay, have substantially improved the country\u2019s position in regional maritime industries, especially due to increased handling capacity. This additional capacity is expected to attract a larger volume of goods to Namibia and facilitate smoother trade within the region. Overall, this agreement brings promising prospects for Namibia\u2019s economic development, opening doors to a broader market and propelling the nation towards greater prosperity and sustainability,\u201d she said.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. SWAKOPMUND \u2013 Infrastructure development, innovation and increased competitiveness are pivotal factors that will position Namibia as a key centre for trade and investment from both local and global stakeholders. This was emphasised by deputy minister of international relations Jenelly Matundu, who highlighted the importance of proactive and strategic measures to fully capitalise […]<\/p>\n","protected":false},"author":84,"featured_media":51004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-51005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nInfrastructure development key to attract investors - Namibia<\/title>\n<meta name=\"description\" content=\"SWAKOPMUND \u2013 Infrastructure development, innovation and increased competitiveness are pivotal factors that will position ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infrastructure development key to attract investors\" \/>\n<meta property=\"og:description\" content=\"SWAKOPMUND \u2013 Infrastructure development, innovation and increased competitiveness are pivotal factors that will position ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-09T17:37:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T17:52:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/08\/sm_1691590794.828501.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Infrastructure development key to attract investors\",\"datePublished\":\"2023-08-09T17:37:45+00:00\",\"dateModified\":\"2023-08-09T17:52:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors\"},\"wordCount\":508,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/08\/sm_1691590794.828501.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/infrastructure-development-key-to-attract-investors\",\"name\":\"Infrastructure development key to attract investors - 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