Geingob to attend Forum on China-Africa Cooperation in SA

28 Nov 2015 12:30pm
WINDHOEK, 28 NOV (NAMPA) – President Hage Geingob is anticipated to attend the Forum on China-Africa Cooperation (FOCAC) in Johannesburg, South Africa from 04 to 05 December.
Chinese Ambassador to Namibia, Xin Shunkang said in a media statement issued on Friday that the world has been going through great changes, whereby the overall rising of the developing countries is unstoppable and hence the development of both China and Africa steps into a new phase.
“At this moment, the Embassy of the People’s Republic of China in Namibia wishes to work more closely with the Namibian Government, fully exploring the opportunities of China-Africa relations and getting more FOCAC cooperative projects into Namibia to promote local economic and social development, improve people’s livelihood, help with the realisation of Vision 2030 as well as building a prosperous and modern Namibian nation,” he said.
Xin said China has been the number-one trade partner of Africa for six consecutive years since 2009, with the bilateral trade volume in 2014 reaching US dollars 221.96 billion. By the end of 2014, there were over 3 000 Chinese companies running their businesses in Africa with over US dollars 32.35 billion in direct investments.
More than 85 per cent of the employees in those companies are local people. China-Africa cooperation contributes more than 20 per cent to the economic growth of Africa.
Most of those projects fall into infrastructure ranging from railways and roads and aviation facilities to bridges, ports and power stations.
“As the second summit between China and Africa and the first summit of FOCAC on the African continent, the Johannesburg Summit will be of great significance to the future development of China-Africa relations,” Xin said.
The initiative will help Africa achieve independent and sustainable development by promoting the cooperation of productive capacity that will support the all-round upgrading of China-Africa relations.
Meanwhile, Geingob is currently in Malta attending the Commonwealth Heads of Government Meeting (CHOGM) from Friday to Sunday.
From there, he will attend the 21st session of the Conference of Parties (COP) 21 in Paris, France. He will thereafter present Namibia on the most bankable projects at the Global Africa Investment Summit in London, United Kingdom on 01 and 02 December.