Entrepreneurs in Namibia are positioning themselves to seize the opportunities created under the African Continental Free Trade Area (AfCFTA) agreement. Hurdles in paperwork due to stringent requirements for compliance and long wait often thwart their efforts. The duration for imports and exports also eats into their cost of doing business and adds to the operations of the business. The trade barriers are many and thus discourage traders from stimulating cross-border trade. To leverage the free trade area, entrepreneurs are positioning their ventures to maximize opportunities under the agreement. Operators in the tourism fraternity are also exploring ways to expand market share within the continent.

They are looking at collaborating with other ventures in the African continent through inclusive packages for the continental market and populace. The sector is pleased about AfCTA as it contributes to the movement of capital and natural persons, which would be an added advantage for the tourism sector. The agreement also presents more opportunities for the local economy and contains strong potential to promote industrialization in sectors including textiles, apparel, leather, milk and dairy products, wood and paper, metals, chemicals, vehicle and transport, electronics and other machinery. Namibia has always taken part in negotiations to reduce non-tariff barriers and remove trade barriers of products manufactured in Africa.