Private sector primary drive for innovative capacity needed: Geingob

President HageGeingob said government understand that the private sector is the primary drive of the creative and innovative capacity needed to support and drive sustainable, inclusive, job-led growth and development.

Geingob made these remarks whilst officially opening the 2019 Ongwediva Annual Trade Fair (OATF) at the town on Saturday.

The government's role on the other hand, Geingob said, is to create an enabling environment which allows the private sector to function efficiently and effectively as possible.

One of our desired outcomes under the Harambee Prosperity Plan, pillar of economic advancement, is to significantly increase the volume of locally produced goods supplied to the public and retail sector, Geingob cited.

He expressed confidence that exhibitors of this year's OATF are not only marketing their products, but also keen to build business ties and again insights into trends, technologies and innovations that will enable them to develop the requisite capabilities to drive economic advancement of the country.

According to him, the OATF has become a primary platform for established and fledgling companies to broaden their appeal locally, regionally and internationally and thereby increase the brand appeal of the small and medium-sized enterprises (SMEs).

This is crucial, given our growth at home strategy, as well as extending our national capability and scope to increase investments in more diverse economic sectors, Geingob explained.

He went on to say SME development programmes, agricultural production, investment in renewable energy, value addition to the country resources, services, manufacturing and apply information communications technologies, should be the primary focal areas.

The nine-day 2019 OATF started on Friday with 451 exhibitors, 25 of which are international exhibitors, are partaking in the show.

Vice-President NangoloMbumba, Prime Minister SaaraKuugongelwa-Amadhila, Deputy Prime Minister and Minister of International Relations and Cooperation, Netumbo Nandi-Ndaitwah and several Cabinet ministers and deputy ministers attended the official opening.

Source: Namibia Press Agency