Maria David
DEPUTY Minister of Industrialization and Trade, Verna Sinimbo, said that both Europe and Africa possess unique resources, knowledge, and expertise that, when combined, can drive innovation and create lasting impact.
Sinimbo made the remarks during a public-private dialogue at a business forum held on Wednesday in the capital.
The forum is being held under the theme: “Fostering European-African Partnerships: Promoting Domestic and Regional Cooperation for Bio-trade Innovations and Products.”
According to Sinimbo, there is vast potential for collaboration between the continents to bridge the gap between tradition and innovation, which represents not just a pathway to economic growth but also a sustainable approach to leveraging rich biodiversity and fostering thriving businesses.
“Our partnership is essential in harnessing these opportunities, expanding the Namibian export basket, and supporting MSME development,” she said.
She added that the African continent—and Namibia in particular—is a land of profound contrast and boundless biodiversity potential. It is a place where ancient traditions coexist with a rapidly evolving modern world.
Sinimbo highlighted that these indigenous natural resources are in demand and often used as ingredients in food, supplements, cosmetics, and medicines.
Moreover, she said that bio-innovation, grounded in both traditional knowledge and cutting-edge science, can drive sustainable economic growth and create new opportunities for success, showcasing Namibian identity and heritage on the global stage.
“Through Access and Benefit Sharing (ABS), indigenous peoples and local communities can secure fair monetary compensation from business partners utilizing valuable resources like marula oil, mangetti, devil’s claw, and many others,” she added.
She stressed that as they commercialize these unique resources, it is essential to ensure that everyone in the value chain benefits to the fullest. This approach not only honors their heritage but also fosters equity and sustainability.