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Tuesday, 25 February 2014

Namibia continues with policies

WINDHOEK: Trade and Industry Minister Calle Schlettwein of Namibia says the government continues to implement policies aimed to encourage investment, industrialization and economic growth. He says the authorities in the Southern African country will also introduce measures to support domestic small and mediumscale enterprises to become more profitable and effective participants in the economy.
Minister Schlettwein says the measures are to ensure the small businesses access tenders for the provision of services and implementation of governmentfunded development projects. He says public tenders to provide services and implement government projects are accessible through the SME Bank and the Development Bank of Namibia. Minister Schlettwein says business people should remember Namibia is still a de facto colonial economy. He says the country consumes finished goods and intermediaries imported from abroad; and it produces raw minerals, fish and agricultural products which it exports. Minister Schlettwein says Namibia must become industrialized and continue drawing up strategies to defend and sustain domestic and upcoming manufacturers. The Cabinet member was addressing a breakfast meeting hosted by the OSHAKATI Town Council in Northern Namibia, where he toured the Ongwediva fresh produce Hub and the Ondangwa Tannery.

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