Oshana and Cunene explore mutual business areas

Oshana Regional Council on Friday held its first-ever business forum where a concept paper was drafted to pave way for business undertaking and development between the regional entrepreneurs and their Angolan counterparts in Cunene Province.

Friday's business forum aimed at soliciting the inputs from the local business community on the potential investment areas in the Oshana Region.

The forum followed a visit by the Oshana governor Elia Irimari's business delegation to the Cunene Province in southern Angola during his few weeks in the office to strengthen bilateral relations and business cooperation between the two regions.

An Oshana Region-Cunene Province business forum, where detailed articulation of socio-economic interests were engaged by the two regional authorities, was also held during Irimari's visit to the Cunene Province.

Speaking during Friday's business forum at Oshakati, Irimari said their visit to Angola opened up and discovered that there is a need in Africa to move away from perception of aid-seeking to a global-partner trade promotion.

'Time has come for us to build on our global competitiveness and create access to unprecedented access to the global markets,' Irimari cited.

He noted that they engaged the Cunene Province in order to work together, To jointly grow their business sectors and at the same time create job opportunities and address income disparity among the residents.

'Both parties have agreed to enter into a Memorandum of Understanding (MoU) and the Oshana Regional Council has crafted a draft Concept Paper as well as a MoU to be signed between the two governors,' he stated.

Irimari explained that Friday's forum was for both the business and government leaders to put heads together in reviewing the draft Concept Paper and the MoU.

Source: Namibia Press Agency