Namibia’s private sector is calling for stronger partnerships with Russian investors to boost agricultural production, technology transfer and food security.
This was said by Namibia Chamber of Commerce and Industry (NCCI) chief executive officer (CEO) Titus Nampala during a discussion at the Namibia-Russia Business Forum in Windhoek on Friday.
The discussion was held on the sidelines of the 11th session of the Namibia-Russia Intergovernmental Commission on Trade and Economic Cooperation.
The forum brought together government officials, business leaders and investors from both countries to explore opportunities for collaboration in sectors such as agriculture, mining, logistics and manufacturing.
Nampala said Namibia already has the strategies required to grow its economy but needs stronger partnerships and investment to implement them effectively.
“The first thing that came to mind for me is we don’t lack strategies,” he said.
Nampala said Namibia’s strong agricultural base provides opportunities for cooperation with international partners, particularly in agro-processing and food production.
The CEO said Namibia is seeking to move from being largely a consumption-driven economy to one that produces more through knowledge sharing, technology transfer and investment.
Russia, he said, could play an important role in supporting Namibia’s agricultural development through expertise in fertiliser production and modern farming technologies.
“There is a lot of know-how in this country, especially in the agricultural sector,” he said.
Nampala highlighted the potential for partnerships in fertiliser production, greenhouse farming and irrigation technologies to strengthen food security and agricultural productivity.
“Russia is one of the largest producers of fertiliser in the world. Perhaps we can set up a small plant, and in the next five or 10 years we also want to be producing some fertiliser for local use, but also for exporting to our neighbours,” he said.
Nampala said Namibia’s vast land resources, regional transport corridors and agricultural potential make the country well positioned for joint investment projects that could benefit both Namibia and the broader southern African region.
The Namibia-Russia Business Forum forms part of engagements aimed at strengthening bilateral trade and investment cooperation between the two countries.
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
