• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Thursday, July 3, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
13 °c
Columbus
19 ° Tue
21 ° Wed
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Business & Economy

Ministry of Trade to develop 36ha of land in Congo and DRC

by editor
February 13, 2023
in Business & Economy
46
A A
57
SHARES
958
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

Namibia seeks stronger U.S. partnerships at Africa Business Summit

April inflation rises to 3.6%, driven by food and housing costs

NamRA uncovers N$666,000 tax refund fraud scheme

The Ministry of Industrialisation and Trade (MIT) is set to develop 36 hectares of land donated by the governments of Congo and the Democratic Republic of Congo (DRC) into Trade and Industrial Estates, which will serve as a hub for the promotion and trading of Namibian goods and services in the West and Central African markets.

According to Trade ministry’s Spokesperson Elijah Mukubonda, the estates will be used for the export of Namibian meat and meat products to Angola and DRC, among other products like fish and fish products, beer and beverages, dairy products, cereals and other agro and industrial products.

“The availed land to the Namibian Government is for purposes of also constructing cold and dry facilities for the promotion and trading of Namibian products & services. In addition, the development intensifies the bilateral co-operation between Namibia and the Congos in the area of trade and investment, as well as enhancing and strengthening the south-south cooperation,” said Mukubonda.

Mukubonda also revealed that the land in Pointe-Noire, Congo, is a three-hectare site that has been donated by the Congolese government for an open-ended period with no financial compensation.

“In Pointe-Noire, the land is located on the Portland at the outskirt of town along the ocean and is opposite Congo’s Oil Refinery Plant compound,” he said.

The site in Lubumbashi, DRC, has secure title deeds and consists of 36 hectares, situated in Shinga Village in the Kipushi District, Katanga Province.

However, he said ministry faces several hurdles, including language barriers and financial constraints, as French is an official language in both countries and doing business there can be expensive due to the use of US dollars.

” The land is situated in Shinga Village in the Kipushi District, Katanga Province, 26 Km from Lubumbashi and 90 Km from the borders between the DRC and the Republic of Zambia, along the Kasumbalesa Road,” Mukubonda said.

“Doing business in the Congos could be profitable, however, there are challenges that have to be addressed, such as language barriers, bureaucracy and huge financial costs. French is an official language spoken in the two Congos and that makes it difficult for the English-speaking countries to communicate without an interpreter.”

Despite these challenges, the ministry is committed to investing in the clearing of the sites, construction of the estates, and the connection of utilities such as electricity and water, as well as employee salaries and general maintenance.

“The fruition of this project, according to Trade ministry, will unlock a market for northern farmers and provide an income stream for the government through exports,” said Mukubonda. If successful, this project could help to deepen trade and investment ties between Namibia and the Congos, as well as further promote south-south cooperation.

 

author avatar
editor
See Full Bio
Tags: trade
Share23Tweet14Share4
Previous Post

Flysafair to fly to Windhoek

Next Post

Rand crashes through R18/US$

Recommended For You

Namibia seeks stronger U.S. partnerships at Africa Business Summit

by reporter
June 23, 2025
0
Namibia seeks stronger U.S. partnerships at Africa Business Summit

Namibia will participate in the 2025 U.S.-Africa Business Summit, with the country’s attendance aimed at deepening economic ties with the United States and promoting investment and trade opportunities....

Read moreDetails

April inflation rises to 3.6%, driven by food and housing costs

by reporter
May 13, 2025
0
April inflation rises to 3.6%, driven by food and housing costs

Namibia’s annual inflation rate rose to 3.6% in April 2025, primarily fuelled by increases in food and housing-related costs, the Namibia Statistics Agency (NSA) has reported. According to...

Read moreDetails

NamRA uncovers N$666,000 tax refund fraud scheme

by editor
May 5, 2025
0
NamRA uncovers N$666,000 tax refund fraud scheme

The Namibia Revenue Agency (NamRA) has uncovered a fraudulent scheme that resulted in the illegal payout of tax refunds totaling more than N$666,000 between January and April 2025,...

Read moreDetails

141,000 non-compliant businesses face deregistration by BIPA

by editor
May 2, 2025
0
141,000 non-compliant businesses face deregistration by BIPA

More than 141,000 businesses in Namibia are at risk of being deregistered after the Business and Intellectual Property Authority (BIPA) began a phased process to remove entities that...

Read moreDetails

Namibia to create 3,600 jobs through global accelerator project

by editor
April 30, 2025
0
Namibia to create 3,600 jobs through global accelerator project

Namibia is set to roll out the Global Accelerator project during the current financial year, aiming to generate over 3,600 jobs through the biomass sector and other sustainable...

Read moreDetails
Next Post
Rand crashes through R18/US$

Rand crashes through R18/US$

Related News

Shiimi, KfW sign N$1 billion Windhoek water upgrade funding

Shiimi, KfW sign N$1 billion Windhoek water upgrade funding

December 13, 2023
Shiimi orders NamPower to halt power disconnection for defaulting local authorities

Shiimi orders NamPower to halt power disconnection for defaulting local authorities

June 6, 2023
Namibia’s Investment Promotion Agency: Catalyzing economic diplomacy for national development

Namibia’s Investment Promotion Agency: Catalyzing economic diplomacy for national development

March 12, 2024

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.