馃嚦馃嚘NamibiaSouthern Africa
Namibian Presidency clarifies business delegation to China not taxpayer-funded
via The Namibian1 min read
The Namibian Presidency has stated that the more than 200-member business delegation accompanying President Netumbo Nandi-Ndaitwah to China was not funded by taxpayers. This clarification follows public criticism regarding the delegation's size. According to a statement from State House, the Namibia Investment Promotion and Development Board coordinated the business delegation through an open expression of interest, allowing companies to apply for participation. The businesses are in China to explore commercial opportunities, establish partnerships, identify suppliers, attract investment, and secure export markets. The Presidency emphasized that participating businesses made their own travel and participation arrangements. The large turnout is seen as a reflection of the private sector's confidence in opportunities within China, the world's second-largest economy. The Presidency also noted that it is common international practice for business leaders to accompany heads of state on official visits to promote trade and investment, strengthen bilateral economic relations, and support industrialization, job creation, and market access.
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This summary was AI-generated from a story originally published by The Namibian.
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