DEVELOPMENT PARTNERS: President Nangolo Mbumba and his Chinese counterpart Xi Jinping. PHOTO: NAMIBIAN PRESIDENCY
DEVELOPMENT PARTNERS: President Nangolo Mbumba and his Chinese counterpart Xi Jinping. PHOTO: NAMIBIAN PRESIDENCY

Namibia wants to learn from China, Mbumba says

Augetto Graig
President Nangolo Mbumba is back from China, after attending the Forum for China-Africa Cooperation in Beijing and participating on behalf of Namibia in a bilateral meeting with Chinese president Xi Jinping.

Mbumba last week told Xi that the comprehensive strategic partnership for cooperation between Namibia and China provides a framework for both countries' development goals. Namibia wants to learn from China's ability with technical and vocational education for the youth, and is looking for information and communication technology investments as well as foreign direct investment from leading Chinese companies, he said.

Namibia now wants to work with China on green hydrogen development, solar power generation, hydropower, wind power and nuclear power, Mbumba said, "to add value to uranium, for the peaceful development of nuclear power and other energy sources," according to a statement.

Mbumba is also seeking cooperation with China to help establish technology for smart cities in Namibia, to ensure safety, it read.



N$1.5 billion in aid

Meanwhile, Xi described late president Hage Geingob as his friend, and praised Mbumba for the firm leadership that brought the country through Geingob's loss.

The Chinese head of state committed N$1 billion to provide housing for Namibian police staff, with a technical delegation coming to conduct the feasibility studies for the project. Another N$500 million in donations has been made available for other projects. For drought relief, China is giving around N$50 million in aid, he said.

During his visit, Mbumba was also a guest of honour at a dinner hosted by Cai Qi, a member of the Chinese Communist Party central committee's standing committee for the political bureau and the central committee secretariat. In the past, Mbumba had meetings with business leaders where industrial development and the moderation of agriculture were cross-cutting topics.

The Namibian president was one of 53 African leaders who participated in the forum either personally or via representatives.

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Namibian Sun 2024-09-17

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 569.59/OZ DOWN -0.0055 | Copper US$ 4.26/lb UP +0.37% | Zinc US$ 2 940.00/T UP 0.05% | Brent Crude Oil US$ 73.96/BBP UP +0.96% | Platinum US$ 983.31/OZ UP +0.01% Sport results: Currie Cup: Vodacom Bulls 40 vs 40 Hollywoodbets Sharks XV | Fidelity ADT Lions 43 vs 34 Toyota Cheetahs XV Premier League: Wolves 1 vs 2 Newcastle | Tottenham Hotspur 0 vs 1 Arsenal | Bournemouth 0 vs 1 Chelsea | Aston Villa 3 vs 2 Everton | Manchester City 2 vs 1 Brentford | Liverpool 0 vs 1 Nottingham Forest | Fulham 1 vs 1 West Ham | Crystal Palace 2 vs 2 Leicester City | Brighton 0 vs 0 Ipswich Town | Southampton 0 vs 3 Manchester United LaLiga: Mallorca 1 vs 0 Real Sociedad | Rayo Vallecano 3 vs 1 Osasuna | Atletico Madrid 3 vs 0 Valencia | Las Palmas 2 vs 3 Athletic Club | Girona 1 vs 4 Barcelona | Celta Vigo 3 vs 1 Real Valladolid | Real Sociedad 0 vs 2 Real Madrid | Sevilla 1 vs 0 Getafe | Espanyol 3 vs 2 Deportivo Alaves | Mallorca 1 vs 2 Villarreal SerieA: SS Lazio 2 vs 1 Hellas Verona | Parma 2 vs 3 Udinese | Monza 1 vs 1 Inter Milan | Cagliari 0 vs 4 Napoli | Torino 0 vs 0 Lecce | Atalanta 3 vs 2 Fiorentina | Genoa 1 vs 1 AS Roma | AC Milan 4 vs 0 Venezia | Empoli 0 vs 0 Juventus | Como 2 vs 2 Bologna European Championships Qualifying: Portsmouth 0 vs 3 West Bromwich Albion | Watford 1 vs 1 Coventry City | Swansea City 1 vs 0 Norwich City | Sheffield Wednesday 1 vs 1 Queens Park Rangers | Plymouth Argyle 3 vs 2 Sunderland | Middlesbrough 1 vs 1 Preston North End | Derby County 1 vs 0 Cardiff City | Blackburn Rovers 3 vs 0 Bristol City | Oxford United 1 vs 0 Stoke City | Millwall FC 0 vs 1 Luton Town | Leeds United 0 vs 1 Burnley English Championship: Portsmouth 0 vs 3 West Bromwich Albion | Watford 1 vs 1 Coventry City | Swansea City 1 vs 0 Norwich City | Sheffield Wednesday 1 vs 1 Queens Park Rangers | Plymouth Argyle 3 vs 2 Sunderland | Middlesbrough 1 vs 1 Preston North End | Derby County 1 vs 0 Cardiff City | Blackburn Rovers 3 vs 0 Bristol City | Oxford United 1 vs 0 Stoke City | Millwall FC 0 vs 1 Luton Town | Leeds United 0 vs 1 Burnley Weather: Katima Mulilo: 21° | 40° Rundu: 20° | 41° Eenhana: 17° | 37° Oshakati: 18° | 36° Ruacana: 18° | 35° Tsumeb: 22° | 34° Otjiwarongo: 16° | 33° Omaruru: 13° | 33° Windhoek: 13° | 31° Gobabis: 13° | 33° Henties Bay: 10° | 16° Wind speed: 25km/h, Wind direction: S, Low tide: 13:51, High tide: 07:54, Low Tide: 02:00, High tide: 20:24 Swakopmund: 12° | 13° Wind speed: 27km/h, Wind direction: SW, Low tide: 13:49, High tide: 07:52, Low Tide: 02:00, High tide: 20:22 Walvis Bay: 11° | 18° Wind speed: 32km/h, Wind direction: SW, Low tide: 13:49, High tide: 07:51, Low Tide: 02:00, High tide: 20:21 Rehoboth: 10° | 32° Mariental: 12° | 30° Keetmanshoop: 13° | 29° Aranos: 11° | 31° Lüderitz: 11° | 24° Ariamsvlei: 13° | 29° Oranjemund: 9° | 17° Luanda: 20° | 21° Gaborone: 18° | 34° Lubumbashi: 17° | 37° Mbabane: 15° | 35° Maseru: 9° | 22° Antananarivo: 11° | 28° Lilongwe: 21° | 32° Maputo: 21° | 37° Windhoek: 13° | 31° Cape Town: 11° | 13° Durban: 18° | 24° Johannesburg: 17° | 27° Dar es Salaam: 24° | 28° Lusaka: 22° | 36° Harare: 18° | 32° Economic Indicators: Currency: GBP to NAD 23.15 | EUR to NAD 19.59 | CNY to NAD 2.49 | USD to NAD 17.64 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.21 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.99 | USD to AOA 926.34 | USD to BWP 13.22 | USD to EGP 48.35 | USD to KES 128.48 | USD to NGN 1647.13 | USD to ZAR 17.58 | USD to ZMW 26.49 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1787.81 Up +0.05% | Casablanca Stock Exchange (CSE) MASI 13998.92 Up +0.82% | Egyptian Exchange (EGX) 30 Index 30260.24 Down -0.78% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 569.59/OZ DOWN -0.0055 | Copper US$ 4.26/lb UP +0.37% | Zinc US$ 2 940.00/T UP 0.05% | Brent Crude Oil US$ 73.96/BBP UP +0.96% | Platinum US$ 983.31/OZ UP +0.01%