Namibia welcomes Chinese investments

Namibia welcomes Chinese investments

On November 8th, Namibian President Hage Geingob met with Chinese Vice Premier Sun Chunlan in the capital Windhoek. President Geingob said during the meeting that the Rossing uranium mine is one of the important strategic projects between two states.

He added that the Namibian government is committed to promoting domestic economic development and will be open for Chinese companies to expand investment in Namibia’s infrastructure and mining fields.

In July 2019, CNNC and Rio Tinto completed the handover of Rossing uranium mine in Namibia. As the controlling shareholder, CNNC held 68.62% shares and became the new operation management.

In addition, it has established Rossing Foundation which is devoted to the community development and life improvement in Namibia, including Namibia’s national education, poverty alleviation, SME development, and environmental protection.

Original Article Here

About Author

Elaine Li

Elaine Li (李益楠) is Marketing Manager for the Chinese Market. With ten years of experience in the nuclear power market, Elaine is experts for the certification of safety equipment (HAF 604 and 601) and marketing intelligence.