China’s Wang Yi brings investment promises to Namibia at start of Africa tour
Chinese foreign minister’s four-nation visit begins with pledge to help resource-rich Namibia transform advantages into societal benefits
“Namibia has unique resource endowments and huge development potential,” Wang said, during a meeting at the southern African nation’s coastal resort town of Swakopmund.
Mbumba said Namibia, which is rich in uranium and critical minerals, was seeking investments from China in nuclear, wind, and solar power, to boost its standing in the global rush towards a green energy transition.
“We want to add value to our uranium for the peaceful development of nuclear energy and other energy sources,” he said.
Namibia is the world’s third largest producer of uranium and two of its most productive mines for the radioactive element are majority-owned by Chinese companies.
