Namibian President Nangolo Mbumba has outlined his country’s economic priorities and investment opportunities during a high-level business seminar in Beijing, China.
Speaking on the sidelines of the 9th Forum on China-Africa Cooperation (FOCAC) Summit, President Mbumba highlighted Namibia’s commitment to economic self-reliance and its transition from raw mineral exports to value-added production.
The president emphasised Namibia’s stable political climate and business-friendly environment, noting the country’s high rankings in governance and peacefulness indices. He also pointed to Namibia’s consistent position as one of China’s top three trading partners in Africa.
Key sectors for development, according to Mbumba, include mineral beneficiation, oil and gas, renewable energy, and agro-processing. The Namibian government plans to launch a new trade policy to boost these sectors and attract fresh investments.
President Mbumba reaffirmed the strong bilateral relationship between Namibia and China, which he described as being built on “friendship and mutual benefit”.
The business forum comes as African nations seek to strengthen economic ties with China, while also pushing for more balanced trade relationships and increased Chinese investment in local manufacturing and processing industries.
