Chinese business presence no deterrent

The fact that Chinese business is prevalent in the country should not impact other, Western investors.

03 July 2019 | Business

Commentators are of the opinion that the presence of Chinese investors will do nothing to deter Western-aligned investors from making any investments in Namibia. This comes in light of the United States' trade war with China.

Academic Henning Melber said any US-led investment in Namibia would be considered if it was found that there was enough reason to invest.

“Private investments by foreign companies and individuals are decided from a business perspective. If they promise returns, deals will be made. As long as the US administration does not operate with sanctions, a Chinese presence is an unlikely obstacle,” Melber said.

According to Melber, it is a legitimate interest of a country to attract a diversity of foreign investors, provided they offer something in return for the local economy and citizens.

“The American trade war with China and others is guided by interests at home, not abroad,” he added.

Economics academic Professor Roman Grynberg echoed Melber's sentiments on investment.

US investors will not be perturbed by Chinese investment in Namibia. What matters to US investors is whether what they wish to do is profitable and whether their investments are safe in Namibia,” Grynberg said.

President Hage Geingob had last year during a meeting with the Jilin provincial committee of the Communist Party of China at State House questioned why Namibia could not do business with China.

“We are being warned as if we are small children; that is sickening [...] we are being warned but we are mature people. We enter into agreements that will be beneficial to our people and China,” he said.

“I keep telling them that China is everywhere, why do they come lecture us about China? China is in the United States, UK, France and everywhere. Why are we being warned like children?” he added.

Bayin Chaolu, secretary of the Jilin provincial committee of the Communist Party had last year during a visit to Geingob said they wanted to identify or explore new areas of bilateral cooperation, such as in the areas of the automobile, agriculture, petroleum and chemical sectors.





OGONE TLHAGE

Similar News

 

The life of a payroll administrator

4 days ago - 13 September 2019 | Business

Yvonne Hamutenya I am employed as a payroll administrator within Air Namibia’s human resources department. I joined the company in March 2016. My core responsibility...

Great risk, great reward

4 days ago - 13 September 2019 | Business

Evany van Wyk In only three years, Braam Vermeulen and his two other founding partners...

Perseverance and a good attitude is key

4 days ago - 13 September 2019 | Business

Evany van Wyk Growing up in the small town of Rehoboth, Chantell Engelbrecht longs for the times she used to play street soccer with her...

Fear is not a factor

4 days ago - 13 September 2019 | Business

Michelline Nawatises Primus Shaapopi was born at Eenhana in the Ohangwena Region. For 17 years, he was raised as a Catholic by his grandmother at...

Self-motivation and teamwork

4 days ago - 13 September 2019 | Business

Mariselle StofbergEvery new challenge can translate into a learning experience, which helps Natalia Simon gain deeper knowledge of my profession.Simon has never allowed the challenges...

Adding value to the equation

4 days ago - 13 September 2019 | Business

Evany van Wyk Born and raised in Oranjemund in the //Karas Region, Marisol Basson attended high school in South Africa. She decided to study marketing...

Energetic and full of ideas

4 days ago - 13 September 2019 | Business

Michelline Nawatises Marike Botha is the legal consultant for Sanlam’s affluent market. Botha is responsible for all legal matters, including legal advice, buy-and-sell agreements,...

Lewcor buys Elizabeth Bay mine

4 days ago - 13 September 2019 | Business

A local family business, Lewcor Group, has acquired a 100% shareholding of Namdeb's Elizabeth Bay. Namdeb announced yesterday the transaction has a value of N$120...

Serious about beer

4 days ago - 13 September 2019 | Business

Mariselle Stofberg With the first sip one is taken on a journey. Each product has a distinct profile that allows you to explore the intricacies,...

Veldsman wins massive grant

4 days ago - 13 September 2019 | Business

Mariselle Stofberg Fresenius Kabi recently announced that Namibian-born Lizl Veldsman (35) is the winner of the JUMPstart research grant.The grant was awarded at the 41st...

Latest News

Legal bullet aimed at cops

15 hours ago | Justice

A Namibian police officer and his bosses are defending a N$3 million lawsuit brought by a grieving mother whose four-year-old son was killed by a...

Botswana boots Namibian refugees

15 hours ago | International

The deportation of 855 Namibian refugees living in Botswana will start today after Botswana nullified their refugee status. The now illegal immigrants have refused...

The next big thing

15 hours ago | People

Elizabeth Joseph #TeamGraduate is a project that was started by Helena Mboti, a Rhodes University alumnus who graduated with a bachelor’s degree in financial...

The next big thing

15 hours ago | People

Elizabeth Joseph #TeamGraduate is a project that was started by Helena Mboti, a Rhodes University alumnus who graduated with a bachelor’s degree in financial accounting...

Our cadre deployment curse

15 hours ago | Opinion

Public enterprises minister Leon Jooste’s frank admission that appointing the right board members to parastatals is pivotal to ensuring their success must have been music...

Respect is a two-way street

15 hours ago | Columns

Octavia Tsibes Imagine being kind, humble and respectful. You have nothing to lose, and as a matter of fact, it costs you nothing to be...

To the brave souls walking...

15 hours ago | Health

The dictionary defines brave as ready to face and endure danger or pain; showing courage. More often than not it is the ‘visible’ bravery that...

HKIA upgrades start, finally

15 hours ago | Transport

The handling capacity of Hosea Kutako International Airport will be doubled by a N$250 million project starting next week to eliminate congestion at Namibia's flagship...

Health services around the clock

15 hours ago | Health

The Katutura health centre, which offers a lifeline to thousands of people each year, will now be operating 24 hours a day, seven days a...

Load More