President Hage Geingob on Thursday called on the Namibian businesspersons to take advantage of the opportunities created by the African Continental Free Trade Agreement (AfCFTA).

Geingob said this during his 2023 State of the Nation Address (SONA) in the National Assembly in the capital, where he labelled the AfCFTA as a trade platform established in March 2018 to enable the free flow of goods and services across the African continent in order to boost the trading position of Africa in the global economy.

“Therefore, take the opportunities created by this vehicle and do business also in the context of the development of our green hydrogen, oil and gas industries,” he said.

The Head of State also expressed his pleasure at seeing Namibia become the second largest country in uranium production in the world, saying the government will see to it that tight responsibilities related to global energy security are taken seriously in relation to the uranium being produced in the country.

He thus called on the Ukraine and Russian governments involved in conflicts to work towards a path of peace and bring an end to the conflict which has negatively impacted lives and global economies.

Geingob stated that his government, which advocates for diplomacy policy towards peace, will continue to contribute to the efforts of multilateral, international and regional organisations to secure a peaceful world for trade, investment and shared economic growth to take place without hindrances.

“In this spirit, Namibia will therefore continue to promote economic diplomacy and mutually beneficial bilateral and multilateral relations also in order to achieve overarching goals,” he said.

Source: The Namibian Press Agency