馃嚦馃嚘NamibiaSouthern Africa
China pledges support for Namibian industrialization and economic development
via The Namibian2 min read
China has committed to supporting Namibia's economic development plans, according to a joint press statement from the Chinese Ministry of Foreign Affairs and the Namibian Ministry of International Relations. This announcement follows a week-long visit to China by Namibia's Minister of International Relations and Trade, Selma Ashipala-Musavyi, who focused on promoting value addition within Namibia. The statement highlighted the importance of cooperation in enhancing the value of natural resources, including critical minerals like uranium, to foster employment and industrialization in Namibia. The two ministries emphasized efforts to integrate Namibia into global industrial chains, particularly in green hydrogen, oil and gas, mining, and tourism. Minister Ashipala-Musavyi addressed the business community in Shenzhen, stating that the relationship between China and Namibia needs to evolve to promote Namibian industrialization and local beneficiation, shifting from an asymmetry where Namibia exports raw materials and imports finished goods. Trade between the two nations reached N$23 billion in 2024, with Namibia primarily exporting uranium, copper, and other minerals to China while importing high-value manufactured goods. The ministers also discussed cultural exchanges through the 2026 China-Africa year of people-to-people exchanges, and Namibia reaffirmed its support for the one-China principle. During her visit, Minister Ashipala-Musavyi met with her counterpart, Wang Yi, and t
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This summary was AI-generated from a story originally published by The Namibian.
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