Namibia and the European Union (EU) will sign a Memorandum of Understanding to establish a partnership on sustainable raw material value chains and renewable hydrogen.

This is in line with Namibia's development plans such as NDPs and the Harambee Prosperity Plan.

The EU Ambassador, Sinikka Antila, discussed this and other matters with President Hage Geingob at the State House.

Namibia and the EU both agree that securing a sustainable supply of raw materials, especially critical raw materials, is a prerequisite for delivering on green and clean energy objectives.

The signing of the partnership MoU will take place during the UN Climate Change Conference, or COP 27, meeting in Egypt in November.

In terms of the agreement, Namibia hopes to capitalize on its unique competitive advantage to diversify mineral production and increase mineral processing and recycling activities.

The long-term effects of it are job creation, skills development, and technology transfer to Namibians.

President Geingob is confident the benefits of the agreement will help avert some of the challenges that his administration has been facing since 2015.

Green hydrogen is not the only resource that would be covered by the agreement.

The Presidential Advisor on the Economy and Green Hydrogen Commissioner told nbc News that soon after the signing, a strategic partnership roadmap for implementation would be developed.

James Mnyupe says the roadmap to identify concrete actions by Namibia and the European Union covers a range of areas.