The Namibian government plans to build a nine-storey commercial warehouse in Luanda, Angola having already acquired the land and submitted detailed plans to the Angolan authorities, according to press reports.

The warehouse is part of a memorandum recently signed in Luanda by Angolan minister of Trade, Rosa Pacavira and her Namibian counterpart, Calle Schlettwein to establish cooperation and design projects to promote and ensure the sustainable development of the economies and societies of both countries.

Rosa Pacavira said at the time that signing the memorandum was the result of a trade economic cooperation agreement signed by the governments of Angola and Namibia, in Walvis Bay, on 21 March, 2004.

The commercial warehouse or business centre, according to the minister, is intended to facilitate the exchange of goods between the two countries.

Namibia, she said, is interested in exporting industrial products, while Angola sees its neighbour as fertile ground for products from the primary sector, particularly horticultural products, honey and wood. (macauhub/AO)