WINDHOEK: Government will continue to create appropriate policy interventions and a conducive environment that allows for industrialisation and increased agricultural production to take place, the Namibian president said on Thursday.
“The development of a national industrial policy, which is currently under review, and the establishment of industrial parks around the country are testimony to our government’s commitment to the promotion of entrepreneurship and manufacturing in Namibia,” President Hifikepunye Pohamba said when he officially opened the 58th annual Windhoek Industrial and Agricultural Show.
He said the government also introduced an Equipment Aid Scheme, aimed at providing production equipment to small and medium enterprises (SMEs) in order to enhance industrial activities in the country.
Pohamba commended the establishment of institutions such as the Development Bank of Namibia, the Agricultural Bank of Namibia (AgriBank) and the SME Bank, which will facilitate access to finance to the SME sector.
The main aim of these institutions is to promote economic growth, which is essential for national development and the creation of more jobs for the Namibian people.
The Namibian leader then commended the organisers of the show for creating business opportunities for SMEs, saying the event also provides entertainment to families while enabling visitors to obtain information on goods and services being offered by various exhibitors.
“I am pleased to note that the Windhoek Industrial and Agricultural Show has grown over the years, and has become one of the most successful events of its kind in our region,” Pohamba said.
The success of this show has also encouraged other towns in Namibia to host similar events aimed at providing platforms for the promotion of trade and commerce in the country, he noted.
The show started last Friday, and ends on Saturday.