Namibia and Germany brought forth a preliminary trade volume of € 86.8 million (N$ 992 million) in the first half of the year.
Namibia imported products from Germany worth €45.5 (around N$ 474 million) over the first half of the year, while its exports to Germany over the same period were worth 45.3 million (N$ 517 million) revealed Germany’s ambassador to Namibia, Onno Hückmann at a press briefing on Monday.
Hückmann outlined the Otavi-based Ohorongo cement plant as the flagship of the two countries’ bilateral economic relations following a €250 million (about N$2.9 billion) investment into the project.
“The cement factory with a yearly capacity of about 700 000 tonnes is to be seen as a contribution to boost the regional role of Namibia and towards implementing the vision of 2030 to industrialize Namibia,” said Hückmann.
He also invited more trade and investment between the two countries in light of the cement plant’s success.
Hückmann, who was discussing the highlights of the two countries’ bilateral relationship, also commented on the general success of the Namibia General Special Initiative Programme (NGSIP), which had progressed to such an extent that it caused the German government to avail an additional N$ 126 million.
“The German Embassy is particularly happy to communicate that an additional €11 million (N$10 million for investments, N$1 million for accompanying measures such as planning, civil engineering and architecture) has been made available by the federal government.”
“The additional funds compensate for the increased costs and additional technical expertise that [are] derived from the delay of the special initiative,” Hückmann said.
“We are confident that with the very good team running the programme, the excellent work of NPC [Namibia Planning Commission] and the additional money the special initiative will successfully come to an end by 2013/14.”
By Penda Jonas Hashoongo
Confidente. Lifting the Lid. Copyright © 2015