Chinese business presence increases six fold

The ties between China and Namibia continue to grow as economic and bi-lateral trade continue to strengthen and the growth and presence of Chinese businesses in the country can be seen.

Ambassador of China to Namibia Xin Shunkang recently said more and more Chinese enterprises have established their businesses or made investment in Namibia.
Xin in a speech said, Namibia has become one of the most important trade partners and investment destination countries of China among the African countries.
“In 2008 there were only 8 Chinese companies in Namibia but now there are about 50 Chinese companies here employing more than 6000 Namibians,” he said.
“We require all the Chinese companies here to obey the local laws and regulation. They do a great job here and contribute to the development of infrastructure, mining, telecommunication, manufacturing, agriculture, retail sector and so on,” he added. According to Xin better financial services and support are essential for further development of Chinese companies in Namibia. Meanwhile notable projects that the Chinese have embarked in Namibia include: the Youth Training Centre Project, the Northern Road Upgrading Project, Reconstruction of Aquaculture Centre in the Hardap Region, Tallismanus Town Central Elementary School, The Otjomuise secondary school and so on. “We will continue to do so as in the past for the benefit of the people of Namibia,” he said.