Britain pledges 8 million pounds to SADC

Britain has pledged eight million pounds to increase direct trade and deepen bilateral relations with the Southern African Development Community (SADC) countries.

This was said by British Minister of State at the Foreign and Commonwealth Office and the Department for International Development, Andrew Stephenson when he paid a courtesy visit to President Hage Geingob at State House on Wednesday.

Stephenson who is on his first visit in Namibia after he was recently appointed by British Prime Minister Boris Johnson said the new programme to foresee the enhancement of bilateral investments and Britain to become a turbocharger on global relations, will be announced soon.

He further noted that as Britain will host the 26th Conference of the Parties, known as COP26 in November 2020 its key areas will be to strengthen shared concerns of climate change, wildlife crime and address youth unemployment through increased investment opportunities.

I will work closely with the British High Commissioner to Namibia to identify more opportunities for British business firms to invest in Namibia for shared prosperity and to develop sustainable future and more jobs for young people, he said.

President Geingob echoed the same sentiments, saying Namibia is determined to open its doors to foreign investment, stressing that the aspect of value addition is however an area of focus to ensure transformation of technology and job creation in the country.

I have encouraged all my ministers not to sit on requests of submissions by potential investors. Namibia is the hub for business through our corridor concept through which we have given Botswana, Zambia and Zimbabwe dry ports so that they can be linked to the sea, he noted.

Stephenson also congratulated the Head of State for winning the 2019 Presidential and National Assembly elections peacefully and fairly.

Source: Namibia Press Agency