Finland has welcomed Namibia's agreement with the European Union to develop sustainable raw materials and renewable hydrogen.

The Nordic country is the latest EU member state to express cooperation in the new industry.

Namibia has been the subject of heightened interest from developed countries such as Germany, Belgium, the Netherlands, and others since the government announced plans to position the country as a global leader in the supply of clean energy.

These countries in particular are interested in providing a direct and stable export market for green hydrogen to evade the energy crisis.

However, Finland's approach is different and competitive, says its Minister for Development Cooperation and Foreign Trade, Ville Skinnari.

The Nordic country also wants to cooperate with Namibia by using its experience in using aid to alleviate socio-economic challenges.