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Chinese motor vehicles to be assembled in Namibia
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THE Namibia Contract Haulage has signed a memorandum of understanding with a Chinese automobile company, FAW, that will result in NCH assembling and selling Chinese vehicles locally. The agreement comes after NCH paid a visit to China towards the end of 2006 where several meetings were held between the two parties.
FAW recognized that Namibia's strategic location, political stability and its relations with other Southern African countries is an ideal gateway to Chinese enterprise seeking trade with the region, the signed document says. NCH will in the meantime act as FAW's representative in Namibia. |
According to one of the directors at NCH, Elias Shanyengana, under the agreement Namibians can already place their orders for vehicles. Discussions are ongoing to determine when an assembling plant could become operational.
And the necessary arrangements to acquire 100 automobiles for the Namibian market have already been put in place.
The two companies might further engage in other mutually beneficial agreements given FAW's Asian experience in road construction and property development sectors, and have offered to provide the seeding capital for such projects. NCH on the other hand, is a subsidiary of Kalahari Holdings and the ruling party's (Swapo) business arm.
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