Loading svg Please wait while we translate the article
Local businesses exhibiting their products at the official launch of the Namibia AfCFTA awareness campaign. Photo Phillepus Uusiku
Local businesses exhibiting their products at the official launch of the Namibia AfCFTA awareness campaign. Photo Phillepus Uusiku

AfCFTA an opportunity to access African markets

Exporting locally produced goods
Increasing intra-African trade, enhancing regional and continental value chains, through the establishment of viable and competitive industries.
Phillep Uusiku
The African Continental Free Trade Area (AfCFTA) will provide an opportunity for locally produced goods to access African markets.

These sentiments were shared by various speakers at the official launch of Namibia AfCFTA awareness campaign in Windhoek yesterday.

In her keynote address, deputy minister of Industrialisation and Trade Verna Sinimbo urged the business community to take full advantage of the benefits offered under AfCFTA.

“AfCFTA is expected to increase intra-African trade, enhance regional and continental value chains, through the establishment of viable and competitive industries in the continent. This entails increasing production capacities, diversification and adding value to our raw materials as well as to ensure that our produce is finding its place of exports on the African continent.”

This could culminate in innovation, employment opportunities and wealth creation to the citizenry of the African people, especially, women and youth, she added.

African currencies

Sinimbo pointed out that the Pan African Payment and Settlement System has been developed to ensure that trade under the AfCFTA will be done through the African currencies.

“This means that, Namibian exporters including informal traders will now be able to settle their imports using the local currency and receive payments in the local currency when exporting goods and services within the continent, this will make trade easier and reduces trading costs to the minimal,” she said.

Namibian exporters will have access to trade information such as applicable tariffs, schedules of specific commitments on trade in services online.

The Ministry of Industrialization and Trade in collaboration with the Namibia Trade Forum (NTF) will continue to provide necessary information series and ensure that traders are well equipped and ready to trade under the AfCFTA.

“We have to ensure that women traders, youth and informal traders are aware of the agreement through all public and private sector dialogue platforms available,” she said.

The Namibia AfCFTA awareness campaign will be held countrywide to inform local businesses on how they can exploit opportunities under the trade agreement. [email protected]

Kommentar

Allgemeine Zeitung 2025-02-14

Zu diesem Artikel wurden keine Kommentare hinterlassen

Bitte melden Sie sich an, um einen Kommentar zu hinterlassen

Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Katima Mulilo: 18° | 28° Rundu: 18° | 28° Eenhana: 18° | 27° Oshakati: 19° | 27° Ruacana: 18° | 27° Tsumeb: 18° | 25° Otjiwarongo: 18° | 24° Omaruru: 19° | 29° Windhoek: 19° | 28° Gobabis: 19° | 22° Henties Bay: 18° | 22° Wind speed: 21km/h, Wind direction: W, Low tide: 10:40, High tide: 04:44, Low Tide: 22:43, High tide: 16:54 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:42, Low Tide: 22:41, High tide: 16:52 Walvis Bay: 18° | 21° Wind speed: 18km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:41, Low Tide: 22:41, High tide: 16:51 Rehoboth: 21° | 30° Mariental: 24° | 35° Keetmanshoop: 26° | 37° Aranos: 21° | 33° Lüderitz: 15° | 27° Ariamsvlei: 24° | 39° Oranjemund: 15° | 23° Luanda: 26° | 29° Gaborone: 20° | 31° Lubumbashi: 17° | 21° Mbabane: 17° | 24° Maseru: 18° | 31° Antananarivo: 18° | 22° Lilongwe: 19° | 29° Maputo: 22° | 31° Windhoek: 19° | 28° Cape Town: 19° | 24° Durban: 21° | 24° Johannesburg: 18° | 30° Dar es Salaam: 26° | 32° Lusaka: 17° | 19° Harare: 17° | 23° Currency: GBP to NAD 23.08 | EUR to NAD 19.26 | CNY to NAD 2.53 | USD to NAD 18.35 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.2 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.35 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 883.50/OZ DOWN -0.0163 | Copper US$ 4.64/lb DOWN -0.0242 | Zinc US$ 2 853.40/T UP 0.01% | Brent Crude Oil US$ 75.10/BBP DOWN -0.0074 | Platinum US$ 1 007.57/OZ DOWN -0.0302 Sport results: Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Weather: Katima Mulilo: 18° | 28° Rundu: 18° | 28° Eenhana: 18° | 27° Oshakati: 19° | 27° Ruacana: 18° | 27° Tsumeb: 18° | 25° Otjiwarongo: 18° | 24° Omaruru: 19° | 29° Windhoek: 19° | 28° Gobabis: 19° | 22° Henties Bay: 18° | 22° Wind speed: 21km/h, Wind direction: W, Low tide: 10:40, High tide: 04:44, Low Tide: 22:43, High tide: 16:54 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:42, Low Tide: 22:41, High tide: 16:52 Walvis Bay: 18° | 21° Wind speed: 18km/h, Wind direction: NW, Low tide: 10:38, High tide: 04:41, Low Tide: 22:41, High tide: 16:51 Rehoboth: 21° | 30° Mariental: 24° | 35° Keetmanshoop: 26° | 37° Aranos: 21° | 33° Lüderitz: 15° | 27° Ariamsvlei: 24° | 39° Oranjemund: 15° | 23° Luanda: 26° | 29° Gaborone: 20° | 31° Lubumbashi: 17° | 21° Mbabane: 17° | 24° Maseru: 18° | 31° Antananarivo: 18° | 22° Lilongwe: 19° | 29° Maputo: 22° | 31° Windhoek: 19° | 28° Cape Town: 19° | 24° Durban: 21° | 24° Johannesburg: 18° | 30° Dar es Salaam: 26° | 32° Lusaka: 17° | 19° Harare: 17° | 23° Economic Indicators: Currency: GBP to NAD 23.08 | EUR to NAD 19.26 | CNY to NAD 2.53 | USD to NAD 18.35 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.2 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.35 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 883.50/OZ DOWN -0.0163 | Copper US$ 4.64/lb DOWN -0.0242 | Zinc US$ 2 853.40/T UP 0.01% | Brent Crude Oil US$ 75.10/BBP DOWN -0.0074 | Platinum US$ 1 007.57/OZ DOWN -0.0302