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Home News Namibia

Chinese companies paid N$16.7 billion in Namibian taxes in 2024

by reporter
September 8, 2025
in Namibia
8
A A

Chinese enterprises in Namibia contributed N$16.7 billion in taxes in 2024, up from N$10.86 billion in 2020, according to the latest Corporate Social Responsibility (CSR) report by the Association of Chinese Enterprises in Namibia (ACEN).

The report also shows that local procurement rose to N$136.08 billion in 2024, compared to N$93.12 billion four years earlier.

Employee welfare investment increased from N$4.03 billion in 2020 to N$5.48 billion in 2024, underscoring the sector’s contribution to Namibia’s economic and social development.

Luo Wei, President of ACEN, said the achievements reflected the strong ties between China and Namibia.

“China is ready to deepen cooperation with Africa in industry, agriculture, infrastructure, trade and investment, promote exemplary, high-quality Belt and Road cooperation projects, and build together a model for the delivery of the Global Development Initiative,” he said.

The report highlights that Chinese enterprises have created more than 10,000 direct and indirect jobs since 2013, supported by training programmes in mining, energy, agriculture, infrastructure, and services, equipping Namibians with technical skills and expertise.

Spending on environmental protection rose from N$3.42 million in 2020 to N$7.97 million in 2024. Public welfare contributions decreased from N$6.76 million to N$1.65 million but continued to support education, healthcare, and community development initiatives.

Gaudencia Krohne, Deputy Minister of Industries, Mines and Energy, said corporate social responsibility was key to ensuring international investment aligned with national priorities.

“It is through responsible government practices that international partners not only contribute to economic growth but also earn the trust of communities,” she said.

She added that green growth initiatives, including renewable energy and water recycling systems, were reshaping mining and infrastructure practices in line with Namibia’s climate commitments.

Margareth Gustavo, Executive for Competitiveness and Branding at the Namibia Investment Promotion and Development Board (NIPDB), said the report highlighted a broader commitment to responsible conduct.

“Beyond the economic contributions of the Chinese enterprises to Namibia’s development, particularly in energy, mining, and infrastructure, this report highlights a crucial dimension in commitment of these companies to social responsibility and responsible conduct,” she said.

Gustavo stressed that empowering enterprises and communities remained essential for sustainable growth.

According to the report, strategic projects such as the Walvis Bay port expansion and transnational railway development have boosted regional trade, while technology transfer and support for local SMEs are enabling Namibia to participate in global supply chains.

Looking ahead, Wei said the 2025 focus will include aligning with Namibia’s Vision 2030, advancing low-carbon metallurgy, and expanding benefits to communities through skills development and innovation.

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