Namibia ready for Chinese investment

WINDHOEK - Namibian Prime Minister Hage Geingob said on Monday that his country stands ready for Chinese investment.

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Geingob made the remarks in an exclusive interview with Xinhua before embarking on an official visit to China with a mission to foster strong bilateral relations in the areas such as trade, industry and commerce. He stressed that working with China will create "win-win situations" for both countries.

"Namibia is an open country. Namibia is ready for investment, particularly Chinese investment ... so that we can add value to our resources ... We believe that working with you, we will achieve that goal. That's what I'm looking forward to," he said.

Geingob is scheduled to visit China at the invitation of Chinese Premier Li Keqiang from April 4-13. He described his visit as one between two friendly countries.

"China is a friend of Africa, a friend of Namibia, and therefore I'm happy to have been invited to pay this official visit, and I look very much forward to it," said the Namibian Prime Minister. "I think we are going to have very interesting discussions, dealing with the economy, our future cooperation in the economy and for China to help us develop this country."

During his visit to China, the Namibian Prime Minister will lead a delegation comprising of politicians, business people and company representatives from agro-processing, health, manufacturing, automotive, textile, chemicals, fisheries and logistics sectors.

The total trade volume between China and Namibia was about $729 million last year, according to the Economic and Commercial Counselor's Office at the Chinese Embassy in Windhoek.