DEVELOPING a skills based local economy will allow Namibia to tap into the global markets by attracting foreign investment and trade.
According Vice President Nangolo Mbumba it will help in addressing the question of unemployment, poverty and income inequality.
Mbumba made the remarks in a speech read on his behalf, during the official opening of the 12th edition of Eenhana Business Expo held on Wednesday.
He said that it is the responsibility of all Namibians as a community to continue to work together to create consistent economic growth, equal distribution of wealth as well as poverty eradication.
“It is clear in the competitive and globalized markets of today, masses prove crucial to facilitate access to knowledge, resource, sustainability and innovation to contribute to local development,” he said.
Furthermore, Mbumba stated that the Eenhana Expo, has become one of the premier and popular Expo’s and trade exhibitions in Namibia.
The Eenhana Town Council has initiated the Eenhana Expo as a platform for attraction and promoting Eenhana as an ideal investment destination, while providing a platform for the Private and Public sectors to engage, exchange and explore viable alternatives to enhance the profile of the town.
“We in the government will always be ready to render our support where and when we can,” cited Mbumba, adding that local economic development and transformation must be the cornerstone of developmental agenda, as they strive to overcome the triple challenge posed by unemployment, income inequality and poverty.
Speaking at the same occasion, Mayor of Eenhana town, Amos Nangolo said that the expo managed to host about 200 exhibitors including international exhibitors that came to showcase their products and services.
Amos stated that although this number is less in comparisons to that of 204 exhibitors of last year, their vision remains to put Eenhana Expo at the great height in order to attract international exhibitors that will play a significant contribution in the future on the Namibian economy through foreign direct investment.