12 Jan 2024

China-Namibia Relations Poised To Deliver Significant Benefits


China-Namibia ties are expected to enhance the southern African country's economic growth in 2024, bringing opportunities to generate tangible and significant benefits for the two peoples, said an independent economic and business researcher Thursday.

Over the years, the two sides have developed a strong economic and political partnership, with China emerging as Namibia's largest source of foreign investment and second-largest trading partner, said Josef Sheehama in an interview with Xinhua.

"Opportunities arising from the relationship include increased investment and infrastructure development," he said. "As Namibia's economy is projected to grow by 3.4 percent in 2024, according to the Bank of Namibia, the smart partnership with China will elevate Namibia's anticipation to exceed the desired economic growth."

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Source: China

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