Namibia Seeks Chinese Nuclear Investment

Key Figures & Findings: Namibia, one of the world’s leading uranium producers, is seeking Chinese investment to develop nuclear power capabilities, aiming to leverage its uranium resources for clean energy. During Chinese Foreign Minister Wang Yi’s visit, President Nangolo Mbumba emphasized Namibia’s commitment to adding value to its uranium for peaceful nuclear energy development. This collaboration builds on China’s existing presence in Namibia, including ownership of the Husab and Rossing uranium mines and a joint venture with NamWater for a $161 million desalination plant. Namibia is also exploring partnerships with China in smart city technologies, 5G infrastructure, and tourism development.

Statistics & Insights: The joint desalination project will provide water to uranium mines and surrounding communities, underlining China’s $3 billion investment in critical infrastructure.

Future Implications: If successful, investments in nuclear energy, digital infrastructure, and tourism could accelerate Namibia’s socio-economic development, making it a competitive hub for global investors

Source: Moneyweb