WINDHOEK: The Namibia Chamber of Commerce and Industry (NCCI) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) signed a memorandum of understanding on Thursday.

The MoU focuses on the areas of tourism, film-making, oil and gas exploration, as well as agriculture, NACCIMA National Vice President, Ide Udeagbala said during the Nigeria/Namibia Business Forum held in the capital.

He said Nigeria’s oil and gas-free zones offer undoubted advantages and incentives to Namibian companies to invest in Nigeria, adding that Nigeria plans to erect an oil refinery in Namibia.

Joint ventures in salt processing between the two countries are also on the cards.

Agricultural imports from Nigeria could include cashew nuts, cassava, cocoa beans, groundnuts, and honey.

The Nigerian group of companies, Talveras would like to expand business opportunities in the Southern African Development Community (SADC). The Taleveras Group offers global solutions in energy, power and construction.

Speaking at the same occasion, Minister of Trade and Industry Calle Schlettwein noted that the agreement between the two countries has one objective – to improve the lives of people in both countries.