China now to focus on Namibia? China invested heavily in Angola and their oil boom. At one point 300,000 Chinese were in Angola and luxury resorts, etc. blossomed like dandelions. But the Angolans soon figured out they made "a deal with the devil" and the piper had to be paid : in oil! See below.
With the Chinese presence in Namibia already large and growing we can only hope Namibia learns from their neighbor Angola's bad experiences.
"The thing is that such kinds of credit lines had a condition that the debt would be switched out with oil as a collateral,” he said. “But today we are discontinuing such a practice … advised by the IMF and the World Bank.”