It must be win-win, Mr Ambassador - Venaani

12 February 2019 | International

Popular Democratic Movement (PDM) leader McHenry Venaani says there is a need for an overhaul of China-Namibia relations, so that Namibia benefits as an equal trading partner.

Venaani said this during a meeting yesterday with China's ambassador to Namibia, Zhang Yiming.

He said Sino-Africa cooperation should also be an improvement of the old International Monetary Fund (IMF) loan scheme, which weakened African economies instead of strengthening them.

“When we speak of a win-win situation the structures of African economies is so badly shaped, and China, which speaks of socialism, must help African economies to rebalance the fundamentals of their economics,” Venaani said.

His biggest concern is that Africa, which is endowed with sought-after raw minerals that are exported, only accounts for a fraction of the world's trade.

“If you look at the world trade volumes, which is US$1.26 trillion, out of this Africa only trades with the world for N$56 billion. This gives us a stark reality that the continent with mineral resources lags behind in terms of world trades, because of the structures of our economies. We need to create benefits,” he said.

Venaani added that Namibia and the rest of Africa cannot afford not to trade with China, but these agreements fail to address the “bread and butter” issues which stimulate economies.

“The loan agreements are very badly structured; they are structured in a very negative way in which it repossesses state assets. If you falter, you have to lose. These are bad loans. We don't want to see a situation where loans are linked to our natural assets, because we have a generation we have to bequeath our natural resources to,” said Venaani.

Zhang asked for yesterday's meeting to update Venaani on the current relationship between China and Namibia.

He said it was important for opposition party leaders to understand China's role in support of Namibia.

“I keep emphasising that our cornerstone and our foreign policy is no interference in the internal affairs of any country, including Namibia. So I hope the media understands it is purely a courtesy call,” Zhang said.

He said there is a need to encourage Namibians to export more beef to China and emphasised the need to modernise the agriculture sector in order to create more jobs for locals.

He also shared with Venaani the importance of the state visits to China by President Hage Geingob, adding that China has no hidden agenda.

“Everyone must understand the real, right picture of China-Namibia relations. China remains a strong reliable partner for economic social development after independence until today. We have an open agenda, as a friend, a sincere brother and sister of Namibia and Africa. We should support you now because we have developed,” Zhang added.

JEMIMA BEUKES

Similar News

 

It must be win-win, Mr Ambassador - Venaani

5 days ago - 12 February 2019 | International

Popular Democratic Movement (PDM) leader McHenry Venaani says there is a need for an overhaul of China-Namibia relations, so that Namibia benefits as an equal...

SADC breaks silence on Zim

5 days ago - 12 February 2019 | International

The Southern African Development Community (SADC) has finally made a statement on the situation in Zimbabwe, which is experiencing a crumbling economy, human rights violations...

Humanitarian aid used as weapon in Maduro-Guaido conflict

6 days ago - 11 February 2019 | International

Desperately needed aid being stockpiled at Venezuela's door is at the heart of a political duel between the two men fighting to lead the oil-rich...

Quiet diplomacy is not working

1 week ago - 05 February 2019 | International

SADC's quiet diplomacy is not helping the situation in Zimbabwe and the regional body must publicly condemn the human rights violations and address the legitimacy...

Guaido vs Maduro

1 week ago - 04 February 2019 | International

Buoyed by the defection of a top general, Venezuelan opposition leader Juan Guaido predicted Saturday the month of February would be “decisive” in determining the...

El Chapo drugged and raped teenage girls, witness claims

1 week ago - 04 February 2019 | International

A witness in the trial of Joaquin 'El Chapo' Guzman told the US government the Mexican drug kingpin drugged and raped girls as young as...

Namibia backs Maduro

2 weeks ago - 30 January 2019 | International

The Namibian government is concerned about political developments in Venezuela and has called on the international community to allow the people of Venezuela to handle...

Stand-off in Caracas

2 weeks ago - 28 January 2019 | International

The United States pressed all nations to “stand with the forces of freedom” in Venezuela, encouraged by a tougher European line as Russia stood in...

'We would rather die in Namibia'

3 weeks ago - 23 January 2019 | International

A group of Zimbabwean nationals living in Namibia, who were initially excited about the toppling of long-time president Robert Mugabe in 2017, say they have...

China population reaches 1.395 billion

3 weeks ago - 22 January 2019 | International

China's population rose by 15.23 million people in 2018, marking a continued decrease in the growth rate of the world's most populous nation.Numbers released by...

Latest News

Logistical problems force Nigeria election...

19 hours ago | Africa

Nigeria's electoral watchdog today postponed presidential and parliamentary elections for one week, just hours before polls were due to open.The two main political parties swiftly...

Hostel a threat to lives

2 days ago - 15 February 2019 | Education

The Kavango West education directorate continues to subsidise a dilapidated church hostel at Nkurenkuru, despite a 2010 directive by the health ministry that it must...

Foreign graduates protest 'unfair' tests

2 days ago - 15 February 2019 | Health

Dozens of foreign-trained medical and dentistry graduates took to the streets yesterday to protest against a pre-internship exam which they claim is unfair and discriminatory.One...

FirstRand Namibia fights back

2 days ago - 15 February 2019 | Business

Jo-Maré Duddy – FirstRand Namibia bounced back to positive profit growth in the six months ended 31 December 2018 after taking a knock in the...

Our people sustain our group

2 days ago - 15 February 2019 | Columns

Engaged employees help establish better relationships with customers, since staff are the ones who are actually in contact with customers. This is why FirstRand Namibia...

NaCC scrutinises fuel imports

2 days ago - 15 February 2019 | Business

The Namibia Competition Commission (NaCC) is requesting input from interested and affected parties on the reinstatement of the National Petroleum Corporation of Namibia's (Namcor) intent...

Our Achilles heel of accountability

2 days ago - 15 February 2019 | Columns

Enforcing greater accountability has always been an Achilles heel for the Namibian government over the years. Questions have been raised over whether there is indeed...

RA, Unam sign MoU

2 days ago - 15 February 2019 | Business

Justicia Shipena On 12 February, the Roads Authority (RA) and the University of Namibia (Unam) signed a memorandum of understanding (MoU) at the RA’s...

Mutorwa’s journey with science

2 days ago - 15 February 2019 | People

Justicia Shipena Marius Mutorwa is a lecturer at the Namibia University of Science and Technology (Nust) in the department of health...

Load More