The Chinese national flag is seen in Beijing, China. The Asian powerhouse is keen to help Namibia benefit from its uranium resources.
The Chinese national flag is seen in Beijing, China. The Asian powerhouse is keen to help Namibia benefit from its uranium resources.

Namibia seeks investment in nuclear power from China

BLOOMBERG
Namibia, one of the world’s largest uranium producers, is seeking investment from China in nuclear power to boost its role in the global push to clean energy.



“We want to add value to our uranium for the peaceful development of nuclear energy,” President Nangolo Mbumba said Monday during a meeting with Chinese Foreign Minister Wang Yi, who is on a week-long visit to Africa.



Yi’s visit reinforces China’s determination to win the geo-economic race against the US in Africa by offering better trade terms, more investment and military training. It also comes on the back of last year’s Forum on China-Africa Cooperation.



In September, China General Nuclear Power Group formed a joint venture with NamWater to build a $3-billion Namibian dollar desalination plant that will supply water to uranium mines and surrounding areas.



Chinese companies already own Husab and Rossing in Namibia, the world’s No. 2 and No. 6 uranium mines and have invested in gold operations in the country.



The arid southwest African nation is also aiming to expand cooperation with China in emerging technologies, including smart cities, 5G, and digital platforms focused on urban security, crime prevention, and traffic management.



Namibia also wants to tap China’s growing outbound tourism market, and is seeking investment for the upgrade and construction of a new international airport.

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Namibian Sun 2025-02-15

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Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Katima Mulilo: 18° | 28° Rundu: 18° | 28° Eenhana: 18° | 27° Oshakati: 19° | 27° Ruacana: 18° | 27° Tsumeb: 18° | 25° Otjiwarongo: 18° | 24° Omaruru: 19° | 29° Windhoek: 19° | 28° Gobabis: 19° | 22° Henties Bay: 18° | 22° Wind speed: 19km/h, Wind direction: SW, Low tide: 11:07, High tide: 05:11, Low Tide: 23:08, High tide: 17:22 Swakopmund: 17° | 18° Wind speed: 16km/h, Wind direction: W, Low tide: 11:05, High tide: 05:09, Low Tide: 23:06, High tide: 17:20 Walvis Bay: 18° | 21° Wind speed: 19km/h, Wind direction: W, Low tide: 11:05, High tide: 05:08, Low Tide: 23:06, High tide: 17:19 Rehoboth: 21° | 30° Mariental: 24° | 35° Keetmanshoop: 26° | 37° Aranos: 21° | 33° Lüderitz: 15° | 27° Ariamsvlei: 24° | 39° Oranjemund: 15° | 23° Luanda: 26° | 29° Gaborone: 20° | 31° Lubumbashi: 17° | 21° Mbabane: 17° | 24° Maseru: 18° | 31° Antananarivo: 18° | 22° Lilongwe: 19° | 29° Maputo: 22° | 31° Windhoek: 19° | 28° Cape Town: 19° | 24° Durban: 21° | 24° Johannesburg: 18° | 30° Dar es Salaam: 26° | 32° Lusaka: 17° | 19° Harare: 17° | 23° Currency: GBP to NAD 23.04 | EUR to NAD 19.24 | CNY to NAD 2.53 | USD to NAD 18.37 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.21 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.35 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 882.48/OZ DOWN -0.0166 | Copper US$ 4.62/lb DOWN -0.0281 | Zinc US$ 2 857.30/T DOWN -0.07% | Brent Crude Oil US$ 74.89/BBP DOWN -0.0102 | Platinum US$ 1 001.35/OZ DOWN -0.0362 Sport results: Six Nations: Scotland 18 vs 32 Ireland | England 26 vs 25 France | Italy 22 vs 15 Wales Premier League: Everton 2 vs 2 Liverpool Weather: Katima Mulilo: 18° | 28° Rundu: 18° | 28° Eenhana: 18° | 27° Oshakati: 19° | 27° Ruacana: 18° | 27° Tsumeb: 18° | 25° Otjiwarongo: 18° | 24° Omaruru: 19° | 29° Windhoek: 19° | 28° Gobabis: 19° | 22° Henties Bay: 18° | 22° Wind speed: 19km/h, Wind direction: SW, Low tide: 11:07, High tide: 05:11, Low Tide: 23:08, High tide: 17:22 Swakopmund: 17° | 18° Wind speed: 16km/h, Wind direction: W, Low tide: 11:05, High tide: 05:09, Low Tide: 23:06, High tide: 17:20 Walvis Bay: 18° | 21° Wind speed: 19km/h, Wind direction: W, Low tide: 11:05, High tide: 05:08, Low Tide: 23:06, High tide: 17:19 Rehoboth: 21° | 30° Mariental: 24° | 35° Keetmanshoop: 26° | 37° Aranos: 21° | 33° Lüderitz: 15° | 27° Ariamsvlei: 24° | 39° Oranjemund: 15° | 23° Luanda: 26° | 29° Gaborone: 20° | 31° Lubumbashi: 17° | 21° Mbabane: 17° | 24° Maseru: 18° | 31° Antananarivo: 18° | 22° Lilongwe: 19° | 29° Maputo: 22° | 31° Windhoek: 19° | 28° Cape Town: 19° | 24° Durban: 21° | 24° Johannesburg: 18° | 30° Dar es Salaam: 26° | 32° Lusaka: 17° | 19° Harare: 17° | 23° Economic Indicators: Currency: GBP to NAD 23.04 | EUR to NAD 19.24 | CNY to NAD 2.53 | USD to NAD 18.37 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.21 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 134.95 | USD to AOA 912 | USD to BWP 13.83 | USD to EGP 50.59 | USD to KES 129.22 | USD to NGN 1509 | USD to ZAR 18.35 | USD to ZMW 28.15 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 88717.13 Up +1.00% | Namibian Stock Exchange (NSX) Overall Index 1797.63 Up +0.36% | Casablanca Stock Exchange (CSE) MASI 16452.23 Up +0.33% | Egyptian Exchange (EGX) 30 Index 29997.11 Up +1.13% | Botswana Stock Exchange (BSE) DCI 10063.87 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 882.48/OZ DOWN -0.0166 | Copper US$ 4.62/lb DOWN -0.0281 | Zinc US$ 2 857.30/T DOWN -0.07% | Brent Crude Oil US$ 74.89/BBP DOWN -0.0102 | Platinum US$ 1 001.35/OZ DOWN -0.0362