Shunkang bids Namibia farewell

10 Mar 2016 15:20pm
WINDHOEK, 10 MAR (NAMPA) – China’s investment in Namibia since Independence in 1990 has exceeded the N.dollars 60 billion mark and more developmental projects are planned, outgoing Chinese Ambassador to Namibia Xin Shunkang says.
Speaking to Nampa on Wednesday on the sidelines of the inauguration of the Chinese-funded Otjomuise Secondary School, Xin described his stay in Namibia for the last four years as memorable and lauded the Namibian Government for its support.
His term in office ends 15 March.
The ambassador said the bilateral economic corporation and strong bilateral agreements between the two countries are some of his best achievements while serving in his position.
“Bi-literal economic cooperation developed very quickly and can be seen in big projects such as the Husab Uranium Mine,” he said.
The Husab Uranium Mine is a joint venture between a Chinese State-owned company, China General Nuclear Power Corporation (CGNPC) and Namibian State-owned mining company, Epangelo Mining.
Epangelo has a 10 per cent stake in the Husab Uranium Mine estimated to be worth over N.dollars 5 billion dollars.
He also said the Best Cheer Stone Group’s marble processing factory, one of the largest in Africa situated on the outskirts of Walvis Bay, also reflects Chinese investment in the Namibian mining sector.
Namibia will also be the first African country to export bone-in beef to the lucrative Chinese beef market after agreements in this regard were signed last year.
Xin on behalf of the Chinese government officially handed over the well-equipped Otjomuise Secondary School valued at N.dollars 120 million.