Namibia to seek investment and trade opportunities in Russia
By the AFREEQUE newsroom, based on The Namibian
Namibian President Netumbo Nandi-Ndaitwah will seek investment, trade opportunities and partnerships in Moscow to further process Namibian minerals. She will attend the Russia-Africa Summit on 28 and 29 October, which will focus in particular on energy, technology and industrialisation, according to the Namibian presidency.
Namibian President Netumbo Nandi-Ndaitwah will travel to Moscow to seek investment, develop trade and promote local mineral processing at the Russia-Africa Summit on 28 and 29 October, according to a presidential statement cited by The Namibian. She is due to leave Namibia on Monday and return on Friday.
The leader will take part in the plenary session co-chaired by Russian President Vladimir Putin and Burundian President Évariste Ndayishimiye, the current chairperson of the African Union. The summit will bring together African leaders, Russian officials, business leaders and experts to discuss economic cooperation, energy, food security, technology and industrial development, according to The Namibian.
Namibia wants these partnerships to create jobs, facilitate technology transfer, promote industrialisation and diversify its economy. The Russia-Africa economic and humanitarian forum, held alongside the summit, will focus in particular on investment and trade. The two countries established diplomatic relations on 21 March 1990, when Namibia became independent, and their intergovernmental commission examined ways to deepen trade and investment in Windhoek in March, according to the presidency.
The move comes after the signing of seven cooperation agreements between Namibia and Angola on 22 October. It follows the president’s efforts to develop economic partnerships, after the announcement of plans to implement more than 60 agreements with Angola on 20 October.
