Namibian President calls on Chinese companies to invest in manufacturing and enhance added value

Written by Ziad Abdel Fattah:

The President of Namibia, Nituumbo Nandi-NdaytwaChinese companies to expand their investments in the country and participate in its efforts to advance industrialization, enhance the added value of local resources, and achieve sustainable economic growth, emphasizing that the government prioritizes partnership with the private sector in the coming period.

This came during her speech at the Guangzhou-Guangdong Joint Business Forum, where she affirmed that her official visit to China aims to strengthen the historical friendship between the two countries and expand the horizons of economic and investment cooperation.

It indicated that the choice of Guangdong province as the first stop for the visit reflects its position as one of China's most prominent centers in the fields of innovation, technology, manufacturing, and trade.

High-level Namibian trade delegation visits China

The President affirmed that commercial partnerships are a cornerstone for job creation, accelerating industrialization, and stimulating economic growth, noting that she is accompanied by a high-level Namibian trade delegation, reflecting her country's readiness to establish long-term strategic partnerships with Chinese investors and companies.

Nandi-Ndaitwah stressed that Namibia is adopting a strategy aimed at transitioning from exporting raw materials to manufacturing them locally, through expanding processing and transformation operations, which contributes to increasing added value and enhancing the contribution of productive sectors to the national economy.

Namibia invites Chinese investors to explore investment opportunities

Chinese investors were urged to explore investment opportunities in a number of vital sectors, including mining, agriculture and agro-processing, logistics, infrastructure, energy, health, education, and skills development, as well as technology transfer.

Regarding the investment environment, the President of Namibia affirmed that her country enjoys political stability, a constitutional democratic system, and an independent judiciary, in addition to a safe and stimulating investment environment. She also highlighted the advanced infrastructure in the fields of transportation and ports, foremost among them the Port of Walvis Bay, which represents a strategic gateway to markets with a population of over 300 million people in the Southern African region.

Nandi-Ndaitwah urged Chinese investors to engage with the ministerial delegation accompanying her to learn about investment opportunities in priority sectors, praising the successful Husab Mine project as a model of economic cooperation between Namibia and Guangdong Province.

The President extended a formal invitation to a delegation of businessmen from Guangdong Province to visit Namibia and gain firsthand knowledge of promising investment opportunities in the energy, mining, agriculture, logistics, infrastructure, tourism, and manufacturing sectors, thereby enhancing economic cooperation between the two sides.