By: Nghiinomenwa-vali Hangala
The Namibia Chamber of Commerce and Industry (NCCI) has indicated that wealth creation and sustainable economic growth cannot come from resource extraction but rather from industrialisation and innovation.
The Chamber’s CEO, Titus Nampala, stated this during the Namibia-China Fair for Investment & Trade, which was held last week in Windhoek.
He highlighted that Namibia and China are at different stages of industrial and economic progress, “yet it is precisely in these differences that opportunities lie.”
He, however, noted that no country in the world has ever created a sustainable and inclusive economy solely on natural resource extraction.
“The most advanced economies have built sustainable wealth through industrialisation, innovation, trade, and strong institutions that complement natural resource extraction.”
Nampala implored that Namibia must continue to explore mutually beneficial economic opportunities for its people and partners.
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