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.


Similar News


Sudan on knife's edge

1 week ago - 10 June 2019 | International

Sudanese security forces have arrested two prominent rebels and an opposition leader, a day after they met the Ethiopian premier during his reconciliation mission to...

Child marriage numbers staggering

1 week ago - 10 June 2019 | International

An estimated 115 million boys and men around the world were married as children, Unicef said on Friday in its first ever in-depth analysis of...

Chinese ambassador decries ‘economic bullying’

1 week ago - 06 June 2019 | International

CATHERINE SASMAN The Chinese ambassador to Namibia, Zhang Yiming, has put all the blame for the increasingly acrimonious China-US trade talks on...

Chinese Red Cross offers drought aid

1 week ago - 06 June 2019 | International

The Chinese ambassador to Namibia, Zhang Yiming, yesterday announced that China's Red Cross Society has decided to donate US$150 000 to the Namibian government for...

Namibia fifth on media index

3 weeks ago - 28 May 2019 | International

Namibia has been ranked fifth in the just-launched Africa Media Index, which aims to provide insights on trends and knowledge of the media sector and...

'New era' for South Africa

3 weeks ago - 27 May 2019 | International

President Cyril Ramaphosa was sworn in as the 6th democratically elected president of South Africa amid much fanfare on Saturday.The event at Loftus Versfeld stadium...

10 dead in eastern China after ship leaks gas

3 weeks ago - 27 May 2019 | International

At least 10 people died and 19 were injured after carbon dioxide leaked from a cargo ship's fire prevention system in eastern China, local officials...

Bild challenges Guibeb

3 weeks ago - 24 May 2019 | International

The German newspaper Bild has rubbished a claim by the Namibian ambassador to Germany, Andreas Guibeb, that no arrest warrant had been issued against him.The...

Nakuumba still open to Angolan land deal

4 weeks ago - 21 May 2019 | International

Local businessman Titus Nakuumba says he is still open to negotiating with government for the purchase of his land situated in Luanda's Polo Industrial Area....

May to set timeline to quit

1 month - 13 May 2019 | International

British Prime Minister Theresa May is expected to set out her departure plans within days, the leader of backbench lawmakers in her governing Conservative Party...

Latest News

Geingob regrets fatal shooting

21 hours ago | Government

JANA-MARI SMITH President Hage Geingob has reached out to the family of 22-year-old Fambaune Black, who was killed by a Namibian Defence Force (NDF)...

Sky is the limit for...

21 hours ago | Technology

Ester Kamati Megan Werner, an experienced model and published author, recently finished building an aircraft along with 20 other youth, which they plan to fly...

The weight of expectation

21 hours ago | Columns

A huge weight of expectation will undoubtedly rest on political leaders vying for office later this year. While there is a sense that the current...

It’s not that serious!

21 hours ago | Columns

Ester KamatiThis may be a worn-out topic but the need to talk about it is quite strong. Lately romantic relationships among youth have simply become...

New name for Etakaya

21 hours ago | Education

Justicia Shipena Etakaya Primary School, situated at Etakaya village of Etakaya in the Ohangwena Region, was recently renamed Sakaria H Nghikembua Primary School.The school...

Feeling the momentum!

21 hours ago | Sports

Ester KamatiWindhoek High School’s Vegkop stadium is home to many memorable games when it comes to rugby and this year was no different. The stadium...

Improving Africa through constructive debate

21 hours ago | Education

Ester KamatiThe 2019 Day of the African Child Debate and Public Speaking Championships knockout rounds were held at the St George's ­Diocesan School on 14...

40 000 to benefit from...

21 hours ago | Environment

More than 40 000 beneficiaries are expected to benefit from a climate change project in the Kunene Region.This is 57% of the total population of...

Houses, drought relief food not...

21 hours ago | Infrastructure

People should not see houses built for them as a way for the ruling party to campaign for the upcoming election, but rather as development...

Load More